Mathai George Muthoot
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Mathai George Muthoot (4 February 1911 – 31 January 1993) was an Indian entrepreneur and businessman, prominent for his pioneering work in the South Indian financial sector.
M. George Muthoot | |
|---|---|
| Born | 4 February 1911 |
| Died | 31 January 1993 (aged 81) Kozhencherry, Kerala, India |
| Nationality | Indian |
| Occupation | Businessman |
| Spouse(s) | Ammini George Muthoot |
| Children | 7 |
| Relatives | Muthoot Family |
He, along with his father Muthoot Ninan Mathai, founded what would later become the Muthoot Group of Companies.
Early life
M. George Muthoot was born to Muthoot Ninan Mathai on 4 February 1911 in Kozhencherry, a small town in South Kerala. Muthoot Ninan Mathai managed the family business of contract timber in the Kingdom of Travancore.
Meanwhile, M. George joined the Indian army. He was married to Ammini George Muthoot and had seven children (six sons and one daughter), who now manage the Muthoot Group.[citation needed]
Business career
After completing his army service, he returned to Kozhencherry in 1925 and established a new partnership firm along with his father (Muthoot Chit Fund), which was primarily a Chit Fund, and hence marking the foray of Muthoot into the financial sector.
The company started by M. George Muthoot came to be known as the Muthoot Group and is today among the largest and most respected companies in South India. He and his son Dr. George Kurien were also instrumental in setting up a multi-specialty hospital in Kozhencherry (Muthoot Medical Center).