The Muthoot Group

[3] It has interests in financial services, information technology, media, healthcare, education, power generation, infrastructure, plantations, precious metal, restaurant, and hospitality.

Muthoot Group operates in 29 states in India, and has presence in Nepal, Sri Lanka, US, UK and UAE.

It was then later taken over by his son M George Muthoot, who incorporated the finance division of the group, which was until then primarily involved in wholesale of grains and timber.

In 1971, the firm was renamed as Muthoot Bankers, and started to finance loans using gold jewellery as collateral.

Muthoot Finance falls under the category of systematically important non-banking financial company(NBFC) of the RBI guidelines.

[8] In 2010, Muthoot Finance sold 4% of its shares in a private equity round to Barings Bank and Matrix Partners, raising ₹157 crore (US$34.33 million).

The company has its Corporate Office in Mumbai, and operates primarily in the Western and Central states of India.

Muthoot Precious Metals Corporation (MPMC) was established in May 2006, the company sells coins & bars of 999 Pure 24 Carat gold and silver throughout India.

[14] In 2013, the group also acquired a majority stake in an NBFC in Sri Lanka operating under the brand name of Asia Asset Finance Limited.

In 2014, the group also acquired a majority stake in a Microfinance company operating under the brand name Belstar Investments.

Ltd.[16] Muthoot Group operates Chennai Live 104.8 Fm[17] that focuses on the growing demand for urban English music.

The group operates a chain of multi-speciality hospitals and a network of specialty clinics and diagnostic centres.

The group manages four luxury hotels operating under the brand name of Xandari, in Thekkady, Marari Beach, Fort Kochi and Alajuela, Costa Rica.

The school operates under the Central Board of Secondary Education The group formed a dedicated venture – Muthoot Alternate Energy Resources and started a Wind Energy Project in 1993 with wind farms located in Muppandhal village in Kanyakumari district, Tamil Nadu.

The group plans to diversify its foreign operations to Singapore, Germany and other GCC countries in future.