M. G. George Muthoot
| M G George Muthoot | |
|---|---|
 |
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| Born | Kozhencherry, Pathanamthitta, Kerala, India |
| Nationality | Indian |
| Education | Manipal Institute of Technology |
| Occupation | Businessman, Chairman of The Muthoot Group |
| Net worth | $1.14 Billion |
| Spouse(s) | Sara George |
| Children | 2 living; 1 dead |
| Parent(s) | M George Muthoot, Amini George Muthoot |
Mathai George Muthoot Jr. is an Indian entrepreneur and businessman. He is the third generation of his family to be chairman of the Muthoot Group, and the Lay Trustee of the Indian Orthodox Church. He is also a member of the National Executive Committee of the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Chairman of the FICCI Kerala State Council.
Forbes Asia Magazine listed him as the 50th richest man in India in 2011.
Born on 2 November 1949 in Kozhencherry, Pathanamthitta, Kerala, M. G. George Muthoot is the grandson of Ninan Mathai Muthoot, founder of the Muthoot Group, and the third son of M. George Muthoot, founder of the financial services arm of that group. He graduated from Manipal Institute of Technology with a degree in Mechanical Engineering, specialising in automobile and air-conditioning.
Muthoot’s first job was as an office assistant in the family’s bank. In 1979, he became managing director of the bank. He was appointed chairman of Muthoot Group in February 1993.
At the time he took over the operations at Muthoot, the Group had 31 branches in four states, namely Kerala, Delhi, Chandigarh and Haryana. There are 4433 branches today and the Group has an annual turnover of Rs.25,500 crores ($4.5 Billion) as of May 2009[update]
Muthoot is a member of the executive committee of the Federation of Indian Chambers of Commerce and Industry, and the Chairman of the FICCI Kerala State Council.
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