muthoot - wikipedia, the free encyclopedia
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Muthoot
Type Private Conglomerate
Industry Finance
Hotels & Resorts
Information technology
Broadcast Media
Healthcare
Education
Energy & Power Generation
Infrastructure
Founded 1887 by Muthoot Ninan Mathai
Headquarters Cochin, India
Key people M G George Muthoot (Chairman)
George Alexander Muthoot (MD)
George Jacob Muthoot (Whole-Time Director Director)
George Thomas Muthoot (Whole-Time Director))
Employees 10,000 (2009) [1]
Website muthootgroup.com
(http://www.muthootgroup.com/)
MuthootFrom Wikipedia, the free encyclopedia
The Muthoot Group is an 123-year-old business
house based in India.[2] It has interests in
Financial Services, Information Technology,
Media, Healthcare, Education, Power
Generation, Infrastructure, Plantations, Precious
Metals and Hospitality. The Muthoot Group
operates in 21 states in India, and has a customer
base of over 25 million.[3] It is wholly owned and
managed by the Muthoot Family.
The Group takes its name from the Muthoot
Family based in Kerala. The Company was set up
by Muthoot Ninan Mathai in 1887 at
Kozhencherry, a small town in the erstwhile
Kingdom of Travancore (Kerala). It was then
later taken over by his son M George Muthoot
who incorporated the Finance division of the
group which was till then primarily involved in
wholesale of grains. The company is now
managed by the third and fourth generation of its
family members.
The group is headquartered in Kochi, Kerala
Contents
1 Finance
2 Information technology
3 Securities4 Media
5 Healthcare
6 Hotels & hospitality7 Housing & infrastructure
8 Other divisions
9 Philanthropy10 Environment research foundation
11 See also
12 References
Finance
Muthoot Finance a subsidiary of Muthoot Group was established in 1939, and is primarily involved in the
Financial sector of the country. Muthoot Finance falls under the category of Non Banking Financial Company
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(NBFCs) of the RBI guidelines. The company has more than 1742 branches spread across 21 states of the
country and is the largest gold loan company in India.[1]. Muthoot Finance, according to the IMaCS Research &
Analytics Industry Reports [Gold Loans Market in India, 2009 (“IMaCS Industry Report 2009”) and the 2010
update to the IMaCS IndustryReport 2009 (“IMaCS Industry Report (2010 Update)”)], is the largest Gold Loan
NBFC and has the largest network of branches for a Gold Loan NBFC in India.[4] ‘Muthoot Gold Power’ is the
lifestyle product of Muthoot Finance aimed at mobilizing the Household gold in India which is estimated to be
more than 15000 tonnes. Muthoot Finance according to its company website has "the largest gold loan portfolio
in the country". Muthoot also provides various financial services such as Insurance distribution, Wealth
Management, Foreign Exchange, Money Transfer and Vehicle & Asset Finance. Muthoot Finance was selected
as one of the Top 10 Finance companies to work for in India by Naukri.com[5] Muthoot Finance privately
placed 4% of its paid up capital to Private Equity players - Barings India and Matrix Partners India for Rs.1.57
billion, hence valuing the earlier privately held company at over $1 billion.[6]
Information technology
Emsyne, the information technology wing of the group develops products for the service, education and
healthcare industry. Emsyne offers on site and offshore services, whether project-based outsourcing /
assignments, or based on time and materials. The Core Products of Emsyne are Edge - Educational Institutions
Management System Finex - Innovative Banking Automation System
Securities
Muthoot Securities offers broking services in cash and derivatives segments at the National Stock Exchange and
Bombay Stock Exchange. It has a network of more than 100 branches.[2] Muthoot Securities launched its
portfolio management services on 20 August 2009.[7]
Media
Chennai Live 104.8 is India's first talk radio FM station. The station would be focusing on knowledge centric
and local content and will be targeting the information and entertainment needs of Chennai's intelligent
community.[8]
Healthcare
The Group operates several Diagnostic & Scan centers throughout Kerala and 2 multi-specialty hospitals in
Kozhencherry and Pathanamthitta.[citation needed]
Hotels & hospitality
Muthoot Hotels operates a 4 star resort in Thekkady (Kerala)[9] and also operates 12 houseboats in the
backwaters of Kerala under the brand Muthoot River Escapes.[10]
Kaapi Club is a chain of South Indian coffee outlets managed by Muthoot Hotels.[11] Muthoot Hotels is in the
process of constructing a 5 star luxury hotel in the city of Kochi and 5 star beach resort in Mararikulam.[12]
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Housing & infrastructure
The projects of Muthoot Builders are primarily situated in central and south Kerala, Muthoot has a track record
of more than 30 completed projects including commercial and residential spaces.[13]
Other divisions
Muthoot has interests in Power Generation through windmill farms in the state of Tamil Nadu. The group also
manages a school in New Delhi[14] and 2 Nursing Colleges in Kerala. In the year 2008 the group re-entered the
plantation business, the group has acquired 1000 acres of land in Sawantvadi, Maharashtra as a pilot planting of
rubber.
Philanthropy
Muthoot M George Charity Foundation Set up in memory of the Late M. George Muthoot, the Foundation
has been extending financial aid for its employees as part of the Staff Welfare measures. Every branch of The
Muthoot Group is actively involved in Community Development and Social Welfare. The Muthoot Foundation
frequently grants medical and financial aid to deserving individuals through its welfare programs. Community
support is a corporate responsibility. The Muthoot Group maintains its position as a valued and responsible
corporate citizen by enhancing the quality of life in the communities where they do business. It is very important
for a corporate to support the community in which it operates. The Muthoot M. George Charitable Foundation is
approached by numerous organizations and individuals requesting financial and medical assistance.
Muthoot Medical Centers at Kozhencherry and Pathanamthitta are super specialty hospitals set up in the rural
areas of Kozhencherry and Pathanamthitta. They are both organizations established in 1989.
Environment research foundation
The Periyar Foundation set up by Muthoot Hotels is based in the town of Thekkady, near the Periyar National
Park has undertaken several projects for the conservation of the national park including 'vasantha sena' [15] and
a research study along with the National Institute of Advance Studies for the conservation of 'Nocturnal Flying
Squirrels'.
See also
Muthoot FamilyM George Muthoot
M G George Muthoot
George Alexander Muthoot
References
^ a b "Muthoot Group to hire 3,000 employees each
in next 4 years- Jobs-News By Industry-News-The
Economic Times"
(http://economictimes.indiatimes.com
/News/News_By_Industry
1. /Jobs/Muthoot_Group_to_hire_3000_employees_eac
h_in_next_4_years/articleshow/4145706.cms) .
Economictimes.indiatimes.com. 2009-02-17.
http://economictimes.indiatimes.com
/News/News_By_Industry
Muthoot - Wikipedia, the free encyclopedia http://en.wikipedia.org/wiki/Muthoot
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/Jobs/Muthoot_Group_to_hire_3000_employees_eac
h_in_next_4_years/articleshow/4145706.cms.
Retrieved 2010-03-10.
^ a b "Muthoot Securities to start broking services
from today" (http://www.thehindubusinessline.com
/2008/05/28/stories/2008052850702100.htm) . The
Hindu Business Line. 2008-05-28.
http://www.thehindubusinessline.com/2008/05
/28/stories/2008052850702100.htm. Retrieved
2010-03-10.
2.
^ [1] (http://www.thehindubusinessline.com/2009/02
/18/stories/2009021850381700.html)
3.
^ "Moneycontrol - India's No.1 Financial Portal"
(http://www.moneycontrol.com/news_html_files
/pdffiles/oct2010/muthhoot.pdf) . moneycontrol.com.
http://www.moneycontrol.com/news_html_files
/pdffiles/oct2010/muthhoot.pdf. Retrieved
2010-10-27.
4.
^ "Search Jobs in Delhi, Mumbai, Bangalore -
Career - India" (http://www.naukri.com) .
Naukri.com. http://www.naukri.com. Retrieved
2010-03-10.
5.
^ The Times Of India.
http://economictimes.indiatimes.com/news/news-
by-industry/banking/finance/finance/Muthoot-
Finance-sells-4-raises-Rs-157-cr/articleshow
/6234854.cms.
6.
^ "Muthoot Securities portfolio management"
(http://www.thehindubusinessline.com/2009/08
/21/stories/2009082150871700.htm) . The Hindu
Business Line. 2009-08-21.
http://www.thehindubusinessline.com/2009/08
/21/stories/2009082150871700.htm. Retrieved
2010-03-10.
7.
^ [2] (http://www.radioduniya.in/news/news-8.
details.asp?News=Muthoot-Group-Launches-
%E2%80%98Chennai-Live-104.8-FM%E2%80
%99&NewsID=14344&
NewsCategeory=stations%20launched)
^ "Muthoot Hotels"
(http://www.cardamomcounty.com/) .
Cardamomcounty.com.
http://www.cardamomcounty.com/. Retrieved
2010-03-10.
9.
^ [3] (http://www.river-escapes.com/)10.
^ "Muthoot Hotels" (http://www.kaapiclub.com/) .
Kaapiclub.com. http://www.kaapiclub.com/.
Retrieved 2010-03-10.
11.
^ "Muthoot Leisure plans two 5-star hotels"
(http://www.thehindubusinessline.com/2007/07
/09/stories/2007070951430300.htm) . The Hindu
Business Line. 2007-07-09.
http://www.thehindubusinessline.com/2007/07
/09/stories/2007070951430300.htm. Retrieved
2010-03-10.
12.
^ "Welcome to Muthoot Builders"
(http://www.muthootbuilders.com) .
Muthootbuilders.com.
http://www.muthootbuilders.com. Retrieved
2010-03-10.
13.
^ "St. George's School" (http://www.sgs.edu.in/) .
Sgs.edu.in. http://www.sgs.edu.in/. Retrieved
2010-03-10.
14.
^ "All women forest patrolling team in Periyar Tiger
Reserve- Women's Day"
(http://economictimes.indiatimes.com/articleshow
/2847368.cms) . The Economic Times
(Economictimes.indiatimes.com). 2007-12-16.
http://economictimes.indiatimes.com/articleshow
/2847368.cms. Retrieved 2010-03-10.
15.
Retrieved from "http://en.wikipedia.org/wiki/Muthoot"
Categories: Family businesses | Conglomerate companies | Companies based in Kerala | Industries based inKerala | Economy of Kerala | Financial services companies of India
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