M.G. George Muthoot

$1.34B

as of 03/05/21

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.

India

finance

06/02/49

Bachelor of Engineering, Manipal University

inherited and growing

22K

21K

13K

0.027%

0.005%

0.004%

Muthoot Finance has 166 tons of gold kept as security at its branches.

Muthoot Finance