Background
He, along with his father Muthoot Ninan Mathai, founded what would later become the Muthoot Group of companies.
He, along with his father Muthoot Ninan Mathai, founded what would later become the Muthoot Group of companies.
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 Army of India.
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.
