Muthoot

Muthoot

Type	Public company
Traded as	:  BSE SENSEX Constituent
Industry	Finance Hospitality Broadcast Media Healthcare Education Renewable Energy Real Estate
Founded	1887 by Muthoot Ninan Mathai
Headquarters	Kochi, India
Key people	M G George Muthoot (Chairman) George Alexander Muthoot (MD) George Jacob Muthoot (Director) George Thomas Muthoot (Director))
Number of employees	25,000 (2012)
Website	www.muthootgroup.com

The Muthoot Group is a business house based in India. It has interests in Financial Services, Information Technology, Media, Healthcare, Education, Power Generation, Infrastructure, Plantations, Precious metal, Tourism, and Hospitality. The Muthoot Group operates in 25 states in India, and has presence in USA, UK and UAE. It is owned and managed by the Muthoot Family.

The Group takes its name from the Muthoot Family based in Kerala. The Company was set up by Muthoot Ninan Mathai in 1887 at Kozhencherry, a small town in the erstwhile Kingdom of Travancore (Kerala). It was then later taken over by his son M George Muthoot who incorporated the Finance division of the group which was until then primarily involved in wholesale of grains and timber. The company is now managed by the third and fourth generation of its family members.

The group is headquartered in Kochi, Kerala. The Group manages assets of over USD4 Billion.

Muthoot Finance: Established in the year 1939 when M. George Muthoot ventured into financial services through a partnership firm under the name of Muthoot M. George & Brothers (MMG). MMG was a Chit Fund based out of Kozhencherry. In 1971, the firm was renamed as Muthoot Bankers, and had begun to finance loans using gold jewellery as collateral. In 2001, the company was renamed once again and came to be known as Muthoot Finance. Muthoot Finance falls under the category of Systematically Important Non-banking financial company(NBFC) of the RBI guidelines.

The company has more than 4,250 branches spread across 23 states of India. Muthoot Finance, according to the IMaCS Research & Analytics Industry Reports [Gold Loans Market in India, 2009 and the 2010 update to the IMaCS Industry Report 2009], is the largest Gold Loan NBFC and has the largest network of branches for a Gold Loan NBFC in India. Muthoot Finance is also the highest credit rated Gold Loan company in India, with a credit rating of AA- (CRISIL) and LAA-(ICRA) for its Long Term Debts and P1+ (CRISIL) & A1+ (ICRA) for its Short Term Debt Instruments.