M.G. George Muthoot
#2058

M.G. George Muthoot

India 77 years old

Overview

Source of Wealth
finance
Residence
Education
Manipal University (Bachelor of Engineering)
Children
2

Assets

  • Muthoot Finance
    73,620,000 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.