M G George Muthoot Honoured with the Kerala State Business

New Delhi, Delhi, India 
Mr. M.G George Muthoot, Chairman, Muthoot Group, was recently honoured with two
prestigious awards - Kerala State Business Excellence Award and Gem & Jewellery
Trade Council of India Excellence Award. These awards are in recognition of the
stellar role the company has been playing in the field of financial services in
the state of Kerala and towards the growth and progress of the jewellery
Says M.G George Muthoot, Chairman, Muthoot Group: “The main guiding principles
of our company are trust, ethics, values, reliability, dependability,
trustworthiness, integrity and goodwill. We are glad that the organisers have
recognized our company principles and contributions towards the industry and
honoured us with this award.” 
Mr. M.G George Muthoot was conferred with the 'Business Leader of the Year' at
the Kerala State Business Excellence Award held at Kochi recently. The award
that celebrated the spirit of excellence in business leadership in Kerala was
presented by  Mrs. Judy Paul (Mayor of Florida, United States of America), Mr.
M.P. Joseph (I.A.S. Adviser to Labor Minister I/R Additional Chief Secretary,
Government of Kerala) and Mr. TIM Guillos (CEO of Links Groupe, France). The
award was organised by Cochin Herald in association with Humriyah Free Zone
Authority, Government of Sharjah. 
The Gem and Jewellery Trade Council of India (GJTCI) organized the
‘GJTCI-Excellence Awards for the first time at Ahmedabad, Gujarat. The awards
felicitated trade members, who have contributed immensely towards the growth and
progress of the jewellery industry through their hard work and dedication. The
award was presented by Mayor of Ahmedabad Smt. Minakshiben Patel and GJTCI
President Shri Shantibhai Patel. 
Mr. M.G George Muthoot has been a visionary and a successful entrepreneur, who
changed the nomenclature of his business. Under his stewardship, Muthoot Finance
Limited, the flagship company of the Muthoot Group, became the sole connect for
people living in rural and semi-urban areas and thereby, playing a big role in
financial inclusion. The Muthoot Group under the leadership of Mr. Muthoot has
broadened its scale, widened its geographic scope of retail operations, and
built a formidable business empire. 
About Muthoot Group 
Muthoot Group's business origins can be traced back to 1887 when it started as a
small trading business enterprise in Kozhencherry, a remote village in the state
of Kerala. Since its formation, the company, under the leadership of its key
management - Shri M.G. George Muthoot (Chairman), Shri George Alexander Muthoot
(Managing Director), Shri George Thomas Muthoot (Jt. Managing Director) and
George Jacob Muthoot (Jt. Managing Director) has broadened its scale and widened
its geographic scope of retail operations. Today, Muthoot Group is a
multi-faceted business conglomerate that has been serving the nation for over
126 years. The formidable business empire comprises of 16 divisions including
Financial Services, Plantations & Estates, Education, Leisure & Hospitality,
Healthcare, Housing & Infrastructure, Infotech, Money Transfer, Forex, Media,
Power Generation, Precious Metals, Securities, Vehicle& Asset Finance, Travel
Services, Muthoot Global and Muthoot Money. Headquartered in Kochi and having
its Corporate Office in New Delhi, the company has a dominant presence in over
21 states & 4 Union Territories of India. It also has its presence in USA, UK
and UAE too. 
Muthoot Finance Limited, the flagship company of the Group, has been playing a
pivotal role in financial inclusion under the Chairman's stewardship. Muthoot
Finance Ltd. is a “Systemically Important Non-deposit taking NBFC” and the
largest gold financing company in India in terms of loan portfolio, according to
the IMaCS Research & Analytics Industry. The Company provides financial
inclusive Loans, primarily to individuals who possess gold jewellery but could
not access formal credit. With a branch network of 4400 plus branches and bank
ready infrastructure, the company has a dominant presence in 21 States, 4 Union
Territories, 1072 cities, 364 districts and 1240 talukas.  The minimum loan
amount to a customer starts from INR 1500. Since listing, the company has
disbursed INR 2,97,543 crores as loans, out of which INR 98,682 crore is
disbursed in rural & semi urban areas. In 2012-13, the company's revenue stood
at INR 5387 crores. The profit after tax grew from INR 494 crores (FY 10-11) to
INR 1004 crores (FY 12-13). Not only this, their inward remittances business was
INR 6171 crores with 100% compliance where 75% of the customers were from GCC
countries. With, Muthoot Gold Life, their new insurance product, over 4,00,000
people have been covered in the last four months. In 2012-13, the company's
forex business stood at INR 442 crores. 
Recently, the company has expanded its hospitality division by acquiring a
resort at Costa Rica in Latin America. 
Media Contact Details
Mansi Molasi ,  Weber Shandwick ,  +91-9650215869 ,  mmolasi@webershandwick.com
Arpita Chaturvedi ,  Weber Shandwick ,  +91-9654729343 , 
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-0- Jan/16/2014 12:14 GMT
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