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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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India's top gold loan provider Muthoot hopes to revive growth with low-interest scheme

The non-banking finance company (NBFC) posted a decline of 10 per cent in its net profit from a year ago period at Rs 901.60 crore in quarter ended September 2022. ....

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Muthoot Finance: Muthoot group chairman dies in tragic fall: Who was MG George, God's own country's richest man?

In 1979, he became the group s managing director, and by February 1993, had become the group s chairman. In doing so, he became the third generation of his family to head the Muthoot Group after his grandfather and his father.
A split in the Muthoot family in the 1980s saw the family s empire divided between his cousin brothers and himself which, eventually, led to the creation of Muthoot Pappachen Group, another diversified entity that ran a rival gold loan enterprise Muthoot Fincorp.
But under his leadership, Muthoot Finance turned into one of India s leading gold loan non-banking financial companies becoming the first-ever NBFC to break the Rs 1,000 crore net profit ceiling. ....

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Muthoot group chairman falls to death from fourth floor; police denies foul play

A probe was conducted into the matter and statements were recorded. ....

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Muthoot Finance chief MG George dies aged 71, falls to death from 4th floor of house in Delhi

The chairman of the Muthoot Finance company M G George Muthoot passed away on Friday evening after reportedly falling from the fourth floor of his house in Delhi. ....

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