Muthoot Family Biography

The Muthoot family is a prominent Indian business family known for their success in the financial sector. The family's journey began with Muthoot Ninan Mathai, who hailed from a small village in the state of Kerala, India. He started the Muthoot Group in 1887 as a modest trading business dealing with primarily gold and other commodities.

Over the years, the Muthoot Group expanded its operations and ventured into various sectors, but it primarily became synonymous with gold loans and financial services. The family played a crucial role in transforming the company into one of India's largest gold financing companies, with a widespread presence across the country.

The Muthoot Group is currently led by the third and fourth generations of the Muthoot family. The late M. George Muthoot, the grandson of Muthoot Ninan Mathai, played a significant role in expanding the family business. He served as the Chairman of the group until his untimely demise in 2021. His brothers, M. G. George Muthoot and M. G. Raghavan, also played vital roles in the company's growth.

Under the leadership of the Muthoot family, the Muthoot Group diversified its operations and expanded into other financial services such as microfinance, housing finance, insurance, and foreign exchange services. The company's commitment to customer service, trust, and ethical practices has helped it establish a strong brand presence.

Apart from their business achievements, the Muthoot family is known for their philanthropic efforts. They have initiated various charitable projects and foundations to support education, healthcare, and other social causes. The family's philanthropic endeavors have positively impacted the lives of many people in Kerala and other parts of India.

The Muthoot family's legacy continues to thrive, with several family members actively involved in the management and governance of the Muthoot Group. They have built a business empire that not only contributes to the economic development of India but also serves as an inspiration to aspiring entrepreneurs.