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Billionaire Profile
George Jacob Muthoot
Global Rank
#1262

Image: Public domain | via Wikimedia Commons

George Jacob Muthoot

CEO, The Muthoot Group
IN
Real-Time Net Worth
$3.2B
As of December 2025
Age
73
Source
Financial services
Industry
finance-investments
Citizenship
IN

Biography

George Jacob Muthoot, a prominent figure in the Indian financial sector, is the Chairman of The Muthoot Group, a major conglomerate with interests in financial services, healthcare, and other sectors. Born in 1949, he holds a degree in civil engineering from Manipal University. Muthoot, along with his brothers, runs Muthoot Finance, the largest gold loan NBFC in India. His career has been marked by a commitment to customer-centric products and services, and he has been instrumental in expanding the Group's operations. The Muthoot Group has a strong emphasis on philanthropy, with George Jacob Muthoot actively involved in various CSR initiatives focused on education, healthcare, and aiding the underprivileged.

Wealth Over Time

In-Depth Profile

Early Life

George Jacob Muthoot was born in 1949 in Kozhencherry, Kerala, as part of the Muthoot family, known for their long history in business. His grandfather initiated the family's trading business, which later evolved into financial services.

Rise to Success

Muthoot joined the family business and has been instrumental in its growth. He is the Chairman of The Muthoot Group, overseeing the operations and introducing modern protocols. Under his leadership, the Muthoot Group has expanded its financial services and diversified into other sectors. The company operates over 5,000 branches across India and has a presence in several countries, including the UK, US, and UAE.

Key Business Strategies

Muthoot, along with his brothers, has focused on gold loans, making Muthoot Finance the largest gold loan NBFC in India. The company offers various financial services, including loans, insurance, and money transfer services. A key strategy has been the expansion of branches to serve a large customer base across India.

Philanthropy

George Jacob Muthoot is actively involved in the Muthoot M George Foundation, the CSR wing of The Muthoot Group. The foundation supports various initiatives, including providing financial aid for education, healthcare, and assisting underprivileged communities. The Group has launched the Muthoot WeCare ISR initiative to promote individual social responsibility among its employees.

Career Milestones

1970s

Joined Muthoot Group

Began his career in the family business, contributing to its growth and expansion.

1993

Became Chairman

Assumed the role of Chairman of The Muthoot Group, steering the company's operations and strategies.

2011

IPO of Muthoot Finance

Oversaw the successful Initial Public Offering of Muthoot Finance, enhancing its public profile.

Philanthropy & Social Impact

Education and Healthcare

Muthoot M George Foundation

Undisclosed

Supports medical treatments, marriage of girls, and education of children.

Social Welfare

Muthoot Sneha Samanam

Undisclosed

Financial assistance to artists, writers, and their widows.

Education

Support for Higher Studies

Undisclosed

Provides financial support to students for higher education.

Business Philosophy & Leadership

Leadership Principles

Customer-Centric Approach

Focuses on creating and promoting products and services that cater to customer needs.

Philanthropic Commitment

Actively involved in CSR initiatives, contributing to education, healthcare, and aiding the underprivileged.