M. George Muthoot
Encyclopedia
Mathai George Muthoot (February 4, 1911 - January 31, 1993) was an India
n entrepreneur
and businessman, prominent for his pioneering work in the South Indian Financial Sector. He was born to a Malankara Orthodox Syrian Church Christian
family in Kozhencherry
, Kerala
, India
..
He, along with his father Muthoot Ninan Mathai, founded what would later become the Muthoot Group of companies.
, a small town in South Kerala. Muthoot Ninan Mathai managed the family business of contract timber in the Kingdom of Travancore.
Meanwhile, M. George joined the Army of India
. He was married to Amini George Muthoot and had seven children who now manage the Muthoot Group.
, and hence marking the foray of Muthoot
into the financial sector.
The company started by M. George Muthoot came to be known as the Muthoot Group and is today among the largest and most respected companies in South India
.
He and his son Dr. George Kurien were also instrumental in setting up a multi-specialty hospital in Kozhencherry (Muthoot Medical Center).
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
n entrepreneur
Entrepreneur
An entrepreneur is an owner or manager of a business enterprise who makes money through risk and initiative.The term was originally a loanword from French and was first defined by the Irish-French economist Richard Cantillon. Entrepreneur in English is a term applied to a person who is willing to...
and businessman, prominent for his pioneering work in the South Indian Financial Sector. He was born to a Malankara Orthodox Syrian Church Christian
Christian
A Christian is a person who adheres to Christianity, an Abrahamic, monotheistic religion based on the life and teachings of Jesus of Nazareth as recorded in the Canonical gospels and the letters of the New Testament...
family in Kozhencherry
Kozhencherry
Kozhencherry is a small town in Pathanamthitta district of Central Travancore region in Kerala state, South India. It is on the banks of river Pampa. It is a commercial centre with many of the Banks and trade companies have their establishments here. It is believed that once the Kovilans of...
, Kerala
Kerala
or Keralam is an Indian state located on the Malabar coast of south-west India. It was created on 1 November 1956 by the States Reorganisation Act by combining various Malayalam speaking regions....
, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
..
He, along with his father Muthoot Ninan Mathai, founded what would later become the Muthoot Group of companies.
Early life
M. George Muthoot was born to Muthoot Ninan Mathai on 4 February 1911 in KozhencherryKozhencherry
Kozhencherry is a small town in Pathanamthitta district of Central Travancore region in Kerala state, South India. It is on the banks of river Pampa. It is a commercial centre with many of the Banks and trade companies have their establishments here. It is believed that once the Kovilans of...
, a small town in South Kerala. Muthoot Ninan Mathai managed the family business of contract timber in the Kingdom of Travancore.
Meanwhile, M. George joined the Army of India
Army of India
The Army of India consisted of both the Indian Army and the British Army in India between 1903 and 1947.Lord Kitchener was appointed Commander-in-Chief, India between 1902 and 1909...
. He was married to Amini George Muthoot and had seven children who now manage the Muthoot Group.
Business career
After completing his army service, he returned to Kozhencherry in 1925 and established a new partnership firm along with his father (Muthoot Chit Fund), which was primarily a Chit FundChit Fund
A Chit fund is a kind of savings scheme practiced in India. A Chit fund company means a company managing, conducting or supervising, as foremen, agent or in any other capacity, chits as defined in Section 2 of the Chit Funds Act, 1982...
, and hence marking the foray of Muthoot
Muthoot
The Muthoot Group is an 124-year-old business house based in India. It has interests in Financial Services, Information Technology, Media, Healthcare, Education, Power Generation, Infrastructure, Plantations, Precious Metals and Hospitality. The Muthoot Group operates in 23 states in India, and has...
into the financial sector.
The company started by M. George Muthoot came to be known as the Muthoot Group and is today among the largest and most respected companies in South India
South India
South India is the area encompassing India's states of Andhra Pradesh, Karnataka, Kerala and Tamil Nadu as well as the union territories of Lakshadweep and Pondicherry, occupying 19.31% of India's area...
.
He and his son Dr. George Kurien were also instrumental in setting up a multi-specialty hospital in Kozhencherry (Muthoot Medical Center).
See also
- Muthoot FamilyMuthoot FamilyThe Muthoot family is one of the foremost business houses in South India. The family has interests in various sectors of business varying from Financial Services to Media. The founder of the Muthoot Group was Ninan Mathai Muthoot, from whom the business house was later taken over by his son, M....
- KozhencherryKozhencherryKozhencherry is a small town in Pathanamthitta district of Central Travancore region in Kerala state, South India. It is on the banks of river Pampa. It is a commercial centre with many of the Banks and trade companies have their establishments here. It is believed that once the Kovilans of...
- Muthoot Group
- M G George Muthoot
- George Alexander MuthootGeorge Alexander MuthootGeorge Alexander Muthoot is an Indian entrepreneur and businessman, he is currently the Managing Director of the Muthoot Group, a business conglomerate in India...