#2058
M.G. George Muthoot
India 77 years old
Overview
- Source of Wealth
- finance
- Industry
- Finance & Investments
- Residence
- Education
- Manipal University (Bachelor of Engineering)
- Children
- 2
Assets
- Muthoot Finance73,620,000 shares @ --533398-IN
Biography
With his three brothers, M.G.George Muthoot runs Muthoot Finance, India's biggest lender against gold.
The Muthoot Group was founded by his grandfather in 1887 as a trader in timber and food grains, supplying rations to large British-run plantations.
The company has 5,400 branches across India and serves more than 200,000 customers daily.
For the nine months ended December 2020, the company reported a 20% rise in net profit to $383 million, partly due to higher online transactions.
About
Muthoot Finance has 166 tons of gold kept as security at its branches.