George Alexander Muthoot was born to M George Muthoot and Ammini George Muthoot on 16 September 1955 in Kozhencherry, a small town in Kerala. M. George Muthoot managed the family business of Chit funds in Kozhencherry. He did his Bachelors in Commerce from St. Thomas College, Kozhencherry, and was awarded a gold medal for obtaining the first rank in the state for the degree. He is also a Chartered Accountant certified by the ICAI, and secured All India Rank 18 for his final examinations. George's favorite pastimes are to read books, primarily fiction, and play badminton. He is also very passionate about social initiatives of the group, and spearheads the Muthoot M. George Foundation named in honor of his father. MMGF disburses over Rs. 250 million annually primarily for the purpose of Education and Healthcare. Being an industry leader in the Gold Banking, in 2007 George was awarded his PhD in "Non-Traditional Banking with special reference to Gold" by the Open International University – Colombo, Sri Lanka. Continuing his passion for education in India, the group under his guidance has also set-up an Engineering College in Kochi, named Muthoot Institute of Science and Technology. and an International School named Sanskara School at Infopark, Kochi George is married to Anna Alexander, and has two sons George Muthoot Alexander and Eapen Alexander.
Business career
George Alexander Muthoot was appointed as the managing director of the Muthoot Group in February 1993. The conglomerate has since grown exponentially, and is currently present in over 16 diversified industries in 4 different countries. George is also the managing director of Muthoot Finance, a pioneer in Gold Banking. With over INR 263.87 bn in Assets Under Management, Muthoot Finance is India's Largest Gold Loan company. The group has various interests in sectors such as Financial Services, Plantations, media, Hospitality, Healthcare, Education, Power Generation, Infrastructure and Money Remittance. George is the President of the Association of Gold Loan Companies, an industry lobby formed by the Gold Loan companies in India, and is also the Ex-Chairman of the Kerala Non-Banking Finance Companies Welfare Association. An industry leader in Gold Banking, George is often invited to forums such as Columbia Business School and the Indian Banking Conference,he has also participated as a guest lecturer in IIM Kozhikode, Tricy and ISB Hyderabad. and frequently authors articles in Indian news-dailies such as The Economic Times and Hindu Business Line. India Today, a weekly magazine, ranked George as one of the most influential people in the State of Kerala in the year 2005. Asianet, an Indian television channel, selected George as one of the Millennium leaders in 2000. Dhanam, a fortnightly magazine in India, ranked Muthoot as one of the most important business families in Kerala. In the year 2013 Dhanam Magazine also conferred upon George the prestigious Businessman of the year Award. He received the CA business Achiever Award 2013 under Financial Service sector from Institute of Chartered Accountants of India,new Delhi.
