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How India learnt the real value of gold? Success story of Rs 50,000 crore Muthoot Finance

How India learnt the real value of gold? Success story of Rs 50,000 crore Muthoot Finance
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Meet the 10 Kerala billionaires who are among the richest people in the world


God s owns country - Kerala isn t just popular for its palm-lined beaches, placid backwaters and lush greenery, but also for its billionaire tycoons who have built a successful business empire over time. Their wealth and entrepreneurial skills have put them among the richest people in the world and on Forbes Billionaire List 2021.
Meet the 10 Kerala billionaires who are among the richest people in the world 
1. M A Yusuff Ali
M A Yusuff Ali
NRI businessman and chairman of Lulu Group, M A Yusuff Ali, who is popular for his car collection is in the 589th spot on the global Forbes list. With a net worth of $4.8 billion, he is among the richest Indian tycoons in the Middle East. The retail king heads the LuLu Group International, with 193 stores in the Gulf and elsewhere. He is also the proud owner of India s biggest mall, spread across a gigantic land of 6.2 lakh acres, the Lulu mall in Kochi. Apart from this, his other assets include Waldorf Astoria in Scotland ....

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Muthoot Group: Kerala gold loan company's glitter marred by personal tragedies


Muthoot Group: Kerala gold loan company’s glitter marred by personal tragedies
© Jagyaseni Biswas
Muthoot Group: Kerala gold loan company’s glitter marred by personal tragedies
The business of offering loans using gold as collateral has mushroomed across the country in recent years. But nowhere has this business been as enmeshed in the social fabric of a people than in Kerala. And no company in Kerala has been so closely identified with this business than the Muthoot group.
Sample this: about 90 per cent of the contribution to the group’s consolidated loan assets is from Muthoot Finance, the flagship company that focusses on the gold loan business, according to its latest investor presentation.  Around 90 per cent of the Muthoot Finance assets are in gold loans. ....

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