Early Life
George Jacob Muthoot, a graduate in civil engineering from Manipal University, comes from a family with a long history in business and philanthropy. The Muthoot Group was founded by his grandfather in 1887 as a trading firm. He is a member of the Trivandrum Management Association, the Confederation of Real Estate Developers Association of India (Trivandrum) and the Trivandrum Agenda Task Force.
Rise to Success
George Jacob Muthoot, along with his brothers, leads Muthoot Finance, the largest lender against gold in India. He became the Chairman of the Muthoot Group, steering the company's operations. Under his leadership, Muthoot Finance has expanded its network to over 7,300 branches across India.
Key Business Strategies
Muthoot Finance focuses on providing loans against gold jewelry, offering short-term financial solutions to individuals and businesses. The company has a strong presence in rural and semi-urban markets, contributing to financial inclusion. Muthoot Finance offers money transfer services as well as business and personal loans. The company's strategy includes a focus on customer-centric services and leveraging technology to enhance its offerings.
Philanthropy
The Muthoot Group actively engages in Corporate Social Responsibility (CSR) through the Muthoot M George Foundation, which supports various initiatives including education, healthcare, and financial aid. The Muthoot Group has been involved in CSR for over 800 years.