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Muthoot Group chairman MG George Muthoot passes away – The Indian Express

Muthoot group chairman MG George Muthoot passed away at the age of 72 in New Delhi on Friday.

He joined the family business — Muthoot group — at a young age and became its managing director in 1979.

In 1993, Muthoot took over as the chairman of the group.

Under his leadership, Muthoot Finance Ltd, the flagship of the group, became the largest gold loan company in India with a market capitalisation of over Rs 51,000 crore and a total income of Rs 8,722 crore.