Shri George Jacob Muthoot Group Chairman The Muthoot Group of Companies
Shri George Jacob Muthoot has a degree in civil engineering from Manipal University and is a businessman by profession. He is a member of the Trivandrum Management Association, the Confederation of Real Estate Developers Association of India (Trivandrum) and the Trivandrum Agenda Task Force.
He is also a member of the Rotary Club, Trivandrum (South), governing body member of the Charitable and Educational Society of Trivandrum Orthodox Diocese, Ulloor, Trivandrum, Finance Committee Member, Mar Diocese College of Pharmacy, Althara, Trivandrum and Mar Gregorious Orthodox Christian Mercy Fellowship, Trivandrum.
Acquired 51 percent equity shares of Colombo-based PLC, Asia Asset Finance (AAF)
2015
Issued 25,351,062 fresh equity shares by way of an institutional placement programme under Chapter VIII–A of the SEBI ICDR Regulations, aggregating up to ₹ 4,182.93 mn.
Listed Debenture Portfolio raised through public issue ₹ 14.62 bn.
Retail Loan Portfolio touched ₹ 234.09 bn.
Net owned funds crossed ₹ 50 bn.
Gross annual income touched ₹ 43.25 bn.
Profit after tax for the year touched ₹ 6.71 bn.
2016
Retail Loan Portfolio crossed ₹ 243 bn.
Listed Debenture Portfolio raised through public issue ₹ 12.39 bn.
Net Owned Funds crossed ₹ 55 bn.
Gross annual income touched ₹ 48.75 bn.
Profit after tax for the year touched ₹ 8.10 bn.
Acquired 79% of the equity capital of Muthoot Homefin (India) Limited (MHIL). MHIL is a Housing Finance Company Registered with The National Housing Bank
Acquired Muthoot Insurance Brokers Private Limited (MIBPL) as a wholly-owned subsidiary in June 2016. MIBPL is an unlisted private limited company holding a licence to act as direct broker from IRDA since 2013
Acquired 46.83% of the capital of Belstar Investment and Finance Private Limited (BIFPL) in July 2016. BIFPL was reclassified as an ‘NBFC-MFI’ by RBI with effect from 11th December, 2013
CRISIL and ICRA upgraded long-term debt rating from AA-/Stable to AA/Stable.
2017
Loan Assets Portfolio crossed ₹ 272 bn.
Listed Debenture Portfolio raised through public issue ₹ 18.31 bn.
Net Owned Funds crossed ₹ 64 bn.
Gross annual income touched ₹ 57.46 bn.
Profit after tax for the year touched ₹ 11.80 bn.
Increased stake in BIFPL to 64.60% thus making it a subsidiary.
Enlarged stake in MHIL to 88.27%.
Improved stake in AAF to 60%.
2018
Loan Assets Portfolio crossed ₹ 291 bn.
Listed Debenture Portfolio raised through public issue of ₹ 19.69 bn.
Net Owned Funds crossed ₹ 77 bn.
Gross Annual Income touched ₹ 62.43 bn.
Profit after tax for the year touched ₹ 17.20 bn.
Branch network crossed 4,300.
Increased stake in BIFPL to 66.61%.
Enlarged stake in MHIL to 100% making it a wholly-owned subsidiary.
2019
Loan Assets Portfolio crossed ₹ 342 bn.
Listed Debenture Portfolio raised through public issue of ₹ 37.09 bn.
Net Owned Funds crossed ₹ 97.69 bn.
Gross Annual Income touched ₹ 68.81 bn.
Our Directors
George Alexander Muthoot
Managing Director
George Alexander Muthoot is a chartered accountant who qualified with a first rank in Kerala and ranked 20th overall in India, in 1978. He has a bachelor degree in Commerce from Kerala University where he was a rank holder and gold medallist. He was also awarded the Times of India group Business Excellence Award in customised Financial Services in March 2009.
He served as the Chairman of the Kerala Non banking Finance Companies Welfare Association from 2004 to 2007 and is currently its Vice Chairman.
He is also the Member Secretary of Finance Companies Association, Chennai. He is the founder member for The Indus Entrepreneurs International, Kochi Chapter and is now a member of the Core Committee of The Indus Entrepreneurs International Kochi Chapter. His insight for understanding of gold loan business and professional zeal has been the catalyst behind the Company’s meteoric rise to the present level of being India’s largest gold loan company.
Our Directors
George Thomas Muthoot
Joint Managing Director
George Thomas Muthoot is a businessman by profession. He brings to the table over three decades of operational and management experience in Financial Services and has played a key role in managing the fast-growing operations of the company.
Our Directors
Alexander George Muthoot
Joint Managing Director
Mr Alexander George Muthoot, is an MBA Graduate from Thunderbird University (USA) and an advanced diploma holder in Business Administration from Florida International University, Miami (USA).
He has also served as the President of Indian Subcontinent Club at Thunderbird University and has been a member of various committees at the university.
He currently heads the Marketing and Operations of the company. Under his dynamic leadership and keen vision, the company has enhanced its brand visibility through innovative marketing strategies, expanded its branch network, and implemented various IT initiatives that have benefited both customers and employees.
Our Directors
George Muthoot George
Deputy Managing Director
George M. George is Deputy Managing Director at the Muthoot Finance. With an MBA in international hospitality management from Cornell-ESSEC Business School (Paris), he brings to the forefront a strong combination of sales, marketing and management experience. The success of Cardamom County (a four-star resort at Thekkady, Kerala) motivated him to build Ayura (an ayurvedic spa at the resort) and River Escapes (10 premier house boats at Alleppey, Kerala). Recently, River Escapes was given the ‘Certificate of Excellence’ by TripAdvisor.com. George M. George also holds a hotel management degree from ITC Welcome Group Hotel Management College (Manipal).He is the eldest son of Late Shri M. G. George Muthoot, Former Chairman, The Muthoot Group.
Our Directors
George Muthoot Jacob
Deputy Managing Director
A management graduate from Cass Business School (London), George Muthoot Jacob is the Deputy Managing Director at The Muthoot Finance. He also holds an LLM in International Economic Law from the University of Warwick, Coventry, United Kingdom. He completed his bachelor’s degree in law from the National University of Advanced Legal Studies, Kochi. He renders his expertise in the field of legal, compliance, and corporate governance, internal audit, risk management, marketing and sales of the Company. He is the eldest son of Shri George Jacob Muthoot, Chairman, The Muthoot Group.
Our Directors
George Alexander
Deputy Managing Director
George M. Alexander has done his Master’s in Business Administration from University of North Carolina’s Kenan & Flagler Business School and Bachelor’s in Mechanical Engineering from University of Kerala College of Engineering. He is the Deputy Managing Director of Muthoot Finance and takes care of operations in the state of Karnataka and has the additional responsibility of monitoring the global operations of The Muthoot Group in the US. Prior to joining his family business, George had worked for ING and Kotak Mahindra Bank in India. He is the eldest son of George Alexander Muthoot, Managing Director, The Muthoot Group.
Our Directors
Ravindra Pisharody
Independent Director
Mr. Ravindra Pisharody is a corporate business leader and management professional with over 35 years of experience across diverse industries. He was a whole-time director on the board of Tata Motors Limited, where he was heading the commercial vehicles business unit. During his career, Mr. Ravindra Pisharody held national, regional and global leadership roles in sales, marketing, business management and strategy development.
Currently, he is a Non- Executive Director on the Boards of three companies, and is an advisor to two other companies. He also undertakes coaching and mentoring assignments. At Tata Motors, he chaired various joint ventures including Tata-Cummins and Tata–Marcopolo, as well as overseas companies such as Tata Motors South Africa, and served on the boards of Indian subsidiaries like Tata Motors Finance Limited. His previous corporate roles include an 18 year stint with Philips India, where his last role was Vice- President, Consumer Electronics; and eight years in British Petroleum/Castrol, where he was a member of the board of directors of Castrol India Limited, and simultaneously Regional Director for Africa, Middle East and India, and subsequently based in Singapore as head, global marketing for the motorcycles and scooters category.
Mr. Ravindra Pisharody is a graduate engineer from IIT Kharagpur and did his MBA from the Indian Institute of Management (IIM), Calcutta. His expertise is in sales and marketing, as well as business strategy. He has also been active in industry bodies - he has been a member of the Advertising Standards Council of India (ASCI), a council member and subsequently Chairman of the Audit Bureau of Circulation (ABC), and Vice President of the Society of Indian Automobiles Manufacturers (SIAM) in 2016-17.
Our Directors
V.A. George
Independent Director
Mr. V.A. George is a certified director in corporate governance [by INSEAD, Paris]. Mr. V.A. George has more than four decades of experience in the corporate field, in both the private and public sectors.
He was the chairman of Equipment Leasing Association of India and was also a member of the advisory committee of the RBI. He is currently the managing director of Thejo Engineering Limited, Chennai.
Mr. V.A. George holds a bachelor’s degree in mechanical engineering and he [graduated with a master’s of business administration] from the International Institute for Management Development, Lausanne. He has participated in management programme of [Harvard Business School and the Stanford Graduate School of Business]. He is also an adjunct faculty at Loyola Institute of Business Administration, Chennai, India and Rajagiri Business School, Kochi, India.
Our Directors
Jose Mathew
Independent Director
Mr. Jose Mathew is a qualified Chartered Accountant and became the Member of the Institute of Chartered Accountants of India in 1977. He was employed with M/s Kerala State drugs & Pharmaceutical Ltd, a Government of Kerala Undertaking from 1978 in various positions and demitted office as Managing Director in 1996 – 97. He was also a Director of M/s Vellappally Plantations Pvt Ltd. He also served as the Secretary and General Manager Finance of M/s Kerala State Industrial Enterprises, a holding Company of Government of Kerala during the year 1991- 92 and as the member of the first Responsible Tourism Committee constituted by Department of Tourism, Government of Kerala. He was a Management Committee member of Kerala Travel Mart Society, a private - public association/ Society of travel & tourism fraternity and the Treasurer & Secretary of Kerala Travel Mart Society. Mr. Jose Mathew is presently the Managing Director of M/s Green Shore Holidays & Resorts Pvt Ltd (Rainbow Cruises), Alleppey.
He is also a member of Kerala Tourism Advisory Committee since 2015. He has been honoured with various Awards and Recognitions in tourism, including awards from Kerala Travel Mart. He was also honoured with the CNBC ‘Awaz’ Award, for sustainability in Responsible Tourism in the year 2013.
Our Directors
Usha Sunny
Independent Director
Usha Sunny is an experienced banking professional with more than 3 decades of experience in the Banking Sector.
She has worked with Mashreq Bank PSC, Dubai, Standard Chartered Bank, Dubai, Indian Overseas Bank and Kerala State Drugs and Pharmaceuticals Limited in diversified roles. She is a member of the Institute of Cost Accountants of India, New Delhi and also holds Master’s Degree in Commerce from The University of Kerala. During her career, Mrs. Usha Sunny had national and global leadership roles in Cost Accounting and Investment Banking.
Currently, she is a Director and Shareholder of Securaplus Safety Private Limited, Kerala, Importer, and Wholesale Distributor of personal protective equipment (PPE).
Our Directors
Mr. Abraham Chacko
Independent Director
Mr. Abraham Chacko is an experienced banking professional with an experience of over 38 years in India and abroad. During his early career, he served HSBC India for a period 14 years and has held varied roles over there. He was also the Country Manager in ABN AMRO Bank N.V, before his elevation as the Executive Director at the Bank.
He was also employed as the Executive Director at The Royal Bank of Scotland for a span of 2 years and he retired as Executive Director and the President - Treasury from The Federal Bank Limited, India, after serving for a period 4 years. Post-retirement from a full-time career, he is currently the independent director of few companies.
Our Directors
C A Mohan
Independent Director
Mr. C A Mohan is a senior finance professional and Chartered Accountant, having passed Intermediate and Final Examinations securing 11th Rank (1974) and 13th Rank (1976) respectively. He was the Vice Chairman and Managing director of J Thomas & Co. Pvt. Ltd, the largest and oldest tea auctioneers in the world. He retired from the Company in 31 st March 2015 after putting in 38 years of service and was Consultant for the Company till 31 st March 2016. He is a trustee of VAANI, Deaf Children's Foundation which is a registered Trust and works towards bringing language and communication into the lives of deaf children and their families across India. He is also Honorary Secretary of Kerala Bridge Association, the apex body governing and controlling the game of Contact Bridge in Kerala
He was on the Board of Directors of J Thomas Finance Ltd., Tea Consultancy and Plantation Services (India) Ltd., and Tea Quotas Private Ltd. He was also a member of the Committee of Tea Trade Association and Chamber of Commerce. He is presently a Partner in Chartered Accountancy Firm, M/s. K J Anto & Co., Cochin.
Our Directors
Joseph Korah
Independent Director
Joe is the Co-Founder and President of Impaqtive which he founded in 2021. Impaqtive is a Global Salesforce Consulting partner. Prior to founding Impaqtive, he spent 23 years at Cognizant where he was a Vice President and the Global Delivery Head of the Salesforce Practice at Cognizant. He also held an additional role as the Center Head of the Kochi Development center.
Joe obtained his Engineering degree from Calicut University, his MS from BITS, Pilani and his MBA from Johnson School, Cornell University.
Joe was the Vice Chairman of GTECH from 2014 to 2017. GTECH is an industry body representing all IT companies in Kerala. He was also on the NASSCOM Regional Council. He has been on the Round Table India National Board and served on the Managing Committee of the Kerala Management Association
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