muthoot - wikipedia, the free encyclopedia

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

Muthoot - Wikipedia, the free encyclopedia http://en.wikipedia.org/wiki/Muthoot

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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]


2 of 4 1/8/2011 8:53 AM

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


3 of 4 1/8/2011 8:53 AM

/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.



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.



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.

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Categories: Family businesses | Conglomerate companies | Companies based in Kerala | Industries based inKerala | Economy of Kerala | Financial services companies of India

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