George Alexander Muthoot is Dhanam Businessman of the Year 2012

KOCHI: May 22, 2013: Mr. George Alexander Muthoot, Managing Director of the Muthoot Group, has been selected the ‘Dhanam Businessman of the Year 2012’. Muthoot Finance, led by George Alexander, is the flagship company of India’s celebrated Muthoot Group. The Group has carved a niche in sixteen different sectors ranging from financial services to healthcare, and George has played pivotal role in the overall success of the company, the award Jury has evaluated. The fact that the company, under his astute leadership reaped a highly impressive profit in the year 2012-13, overcoming all hurdles of a difficult economic situation in the country, reinforces the decision of the Jury who selected him for the prestigious Dhanam award, said Kurian Abraham, Editor and Managing Director of Dhanam Publications, in a press meet organised to announce the awards. The UAE-based businessman Faisal E. Kottikollon, who is the Founder Chairman of KEF Holdings, has bagged the Dhanam NRI Businessman of the Year Award for the year 2012. Within a short period, the industrial valve and steel casting factory established by him in the UAE could get into the list of the world’s top three companies in that sector thanks to his leadership and the innovative technology employed by him. The community centre set up by utilizing the profit of his company has been instrumental in refining the living standards of the workers of his own company as well as other companies functioning at the Hamriya Free Zone in Sharjah. Even in the thick of business expansion activities, Faisal found time to support humanitarian causes through his organisation named Faisal and Shabana Foundation. He contributed Rs 10 crore for the renovation of the 114-year old Government Girls School at his hometown Nadakkavu, Kozhikode, with top-class facilities.

Through KEF Company Ltd, his new venture, Faisal is gearing up for a comprehensive investment plan which will benefit the infrastructure, healthcare, education, hospitality, agriculture and sports sectors across India and the UAE. The Dhanam Business Professional of the Year 2012 Award has gone to M.S.A Kumar, Managing Director of A.V.T. Natural Products Ltd, based in Ernakulam. AVT Natural Products Ltd and AVT McCormick Ingredients Pvt. Ltd, under the A.V. Thomas Group have achieved unprecedented growth under the competent leadership of M.S.A Kumar. His continued hard work and entrepreneurial excellence have won A.V.T Natural Products Ltd a spot among the world’s best 200 companies in the Asia Pacific Region, as enlisted by the Forbes Magazine.

P.V Mini, Executive Director of P.V.S. Memorial Hospital, the newly-established super speciality hospital of international standard in Kochi, has been selected Dhanam Woman Entrepreneur of the Year 2012. Justin Joseph, Managing Director of Sirex Designer Tiles India Pvt Ltd, based in Thodupuzha has been chosen for the Dhanam Emerging Entrepreneur of the Year 2012. The award winners have been selected by a Jury of eminent personalities such as Mr. Venugopal C. Govind, renowned financial expert and chartered accountant, Dr.V.A Joseph, CEO and Managing Director of South Indian Bank, M.K Das, Senior Journalist, besides Mr. C.J George and Mr. V.K Mathews. former winners of the Dhanam Businessman of the Year awards.

The Awards will be presented to the winners on June 7, 2013, at a grand function organised as part of the Dhanam Business Summit and Award Night 2013, at the Le Meridian, Kochi. The function will be graced by the Chief Guest Mr. P.K Kunhalikutty, Hon’ble Minister for Industry and IT, Government of Kerala. He will also distribute the Dhanam Businessman of the Year Award. South Indian Bank is the main sponsor of this event organized by Dhanam to encourage and honour outstanding entrepreneurs of Kerala. The summit will see the release of the book ‘Top Business Families of Kerala’, featuring leading family business enterprises in Kerala, published by Dhanam. There will also be a special talk on The opportunities and challenges of family businesses in India by Prof. Parimal Merchant, Director, Centre for Family Managed Business, S.P Jain Institute of Management and Business, Mumbai. This year’s theme of the summit is ‘High-performance Leadership’ and the key note speech will be delivered by an expert speaker of national renown. Abraham Thariyan, Executive Director of South Indian Bank, will also speak on the occasion. “The summit will also have an exclusive interactive session with the Minister and the awardees,” informed Kurian Abraham. Maria Abraham, Associate Editor of Dhanam, and R. Surendran, General Manager (Marketing), also participated in the press conference.

Muthoot Finance launches Its Western Union Counter

Kochi, April 9, 2013 : Muthoot Finance Ltd, India’s largest gold loan company launched its exclusive Western Union counter at crown plaza building, Kottayam today. The counter was inaugurated by Ms Diane Scott, Executive Vice President, and Chief Product and Marketing officer of Western Union along with, Shri George Thomas Muthoot, Joint Managing Director Muthoot Finance Ltd, Mr K R Bijimon, Chief General Manager, Muthoot Finance Ltd and Mr Jose Allesh, Head – Money Transfer Division, Muthoot Finance Ltd.

The other dignitaries who graced this occasion includes , Mr Paul Bansal, Chief Managing Director, Paul Merchants Ltd, Ms Aruna Singh, Country Head Paul Merchants Ltd, Mr Rajneesh Bansal, Executive Director, Pual Merchants Ltd, Mr Micheal Hafer, Sr Vice President, Global Prepaid Stored Value, Western Union and Mr Kiran Shetty, Regional Vice President, Western Union.

Inaugurating the event Mr George Thomas Muthoot, Joint Managing Director Muthoot Finance Ltd said “This is truly a very big achievement for our company and we plan to open around 50 exclusive Western Union counter all across India during this financial year, which will help in promoting Western Union Money transfer business in a large way”

About Muthoot Finance Ltd - Muthoot Finance Limited is the largest gold financing company in India in terms of loan portfolio. The company is a “Systemically Important Non-deposit taking NBFC” headquartered in the southern Indian state of Kerala.

Operating history of Muthoot Finance has evolved over a period of 73 years since M George Muthoot (the father of our Promoters) founded a gold loan business in 1939 under the heritage of a trading business established by his father, Ninan Mathai Muthoot, in 1887.

The company provides personal and business loans secured by gold jewellery, or Gold Loans, primarily to individuals who possess gold jewellery but could not access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements. Company is listed on both National Stock Exchange and Bombay Stock Exchange.

The Muthoot Group flags off its Golden Bat for IPL 6 season

IPL Karnal Flag off

Kochi, 10th April 2013: The Muthoot Group, one of India’s leading and diversified business conglomerates flagged off its Golden Bat as part of their Corporate Social Responsibility initiative undertaken for the 6th IPL session association with Delhi Daredevils association.

The flag off event was inaugurated by Mr. George Alexander Muthoot, Managing Director, Muthoot Finance Ltd, along with Mr. George M Jacob, Director, Muthoot Group, Mr K R Bijimon, Chief General Manager, Muthoot Finance Ltd, Mr Cherian Peter, Chief Marketing Officer, Muthoot Finance Ltd and other senior officials.

The Golden Bat is 25X6 feet in size and will travel across India, especially to areas where Delhi Daredevils will be playing; the southern cities which it would travel include Bangalore, Chennai and Hyderabad etc. The people irrespective of their favorite teams will be asked to sign on the bat and Muthoot Group will donate a certain amount of money for each signature present on the bat to an NGO for the education of underprivileged kids of slum.

Speaking on the ocasision Mr George Alexander Muthoot, Managing Director, Muthoot Finance Ltd said: “The core idea behind such an initiative is to encourage and build an emotional connect with the people across the country and to join together in empowering the underprivileged through education”.

About The Muthoot Group
The 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, Wealth Management, 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 Precious Metals Corporation unveiled its new engraved gold coin

Muthoot Precious Metals Corporation unveiled its new engraved gold coin ‘Mecca Medina with holy number 786 imprint’. The coin exemplifies the holiest city and the auspicious number in the Islamic religion. The 24 carat gold coin with 999 purity comes in 2gms, 4gms and 8gms denomination in a temper proof blister packing.

Besides having a sentimental and religious value, it is an ideal gift for marriages, an addition to the family heirloom and a collector’s item. The engraved gold coin is also an addition to our repertoire of engraved gold coins that consists of Lord Ganapati, Goddess Laxmi, Lord Padmanabha, Lord Ayappa, Shri Balaji, Lord Unnikrishnan, Lord Shivaji, Golden Temple, St. Alphonsa, St. Gregarious, Velankanni Mata, Mother Mary and St. George.

Muthoot Finance Ltd. Wins The Rotary Binani Zinc CSR Award

Muthoot Finance Ltd. recently won the Rotary Binani Zinc CSR Award in recognition of the CSR programs conducted in the organization, it’s value creation by innovative sustainable business model, risk management compliance and corporate philanthropy. The award was presented by Mr. Shyam Srinivasan, Managing Director & CEO Federal Bank at Bolgotty Palace, Kochi. The award was given on 9th February 2013 and was received by Mr. K R Bijimon, Chief General Manager, Muthoot Finance Ltd.

Muthoot Finance Ltd. runs the Muthoot M George Foundation in order to undertake all of its CSR activities. The foundation is actively involved in footing the medical bills for several hundred under privileged patients especially in the case of those individuals suffering from kidney failure or cancer. The Foundation also grants educational scholarships to underprivileged school/college children who demonstrate a talent in a their field. Projects towards reducing Carbon emissions via tree plantations are also frequently undertaken.

Muthoot Finance wins Skoch Financial Inclusion Award 2013

Mr M G George Muthoot receiving the SKOCH Financial Inclusion Award 2013 from Mr Sameer Kochhar and Dr C Rangarajan

On the occasion of Financial Inclusion Day, Muthoot Finance, the flagship company of The Muthoot Group won the coveted Skoch Financial Inclusion Award 2013. The award was conferred by Dr C Rangarajan, Hon’ble Chairman, Economic Advisory Council to the Prime Minister at Hotel Shangri-La, New Delhi. Muthoot Finance has received the award in recognition of its major initiative in the area of ‘Access to Banking and Financial Services’ to the aam aadmi who had been excluded from the country’s banking network for decades.

Since its inception in 1939, Muthoot Finance has brought thousands of rural and semi-urban Indians into the banking net for the very first time by venturing into the last mile of the remotest rural areas of India. It is one of the first Indian companies to consider thousands of rural Indians as perfectly bankable even before the term ‘financial inclusion’ was coined. A pioneer in the Non-Banking Financial Company (NBFC) sector, it has been successful in making the unorganized sector into an organized sector and thus, saving the rural masses from the clutches of local money lenders. With a customer base of over 6 million and serving around 80,000 customers every day who seek loan against gold ornaments, Muthoot Finance has changed the concept of gold loan from a ‘last resort’ or ‘desperate loan’ option to a ‘lifestyle banking product’. It has made gold jewellery, which was considered to be a static asset and kept in the lockers of the houses few years back, an economically productive asset and an economy driver. The massive branch expansion has also led to a lot of employment opportunities in Tier II, III & IV cities.

Dr. Sara George Muthoot conferred with ‘Spark of Excellence Award’

His Grace Dr. Youhanon Mar Demetrios, the 3rd Metropolitian of Malankara Orthodox Syrian Church (Delhi Diocese) conferred Dr. Sara George Muthoot, Principal, St. George’s School with ‘Spark of Excellence Award’ at a glittering ceremony at St. Paul’s School, Hauz Khas, New Delhi. Instituted by the Orthodox Christian Youth Movement (OCYM), the youth wing of the Malankara Orthodox Church, Delhi Diocese, the award was presented to Dr. Sara George Muthoot for her outstanding contribution in the field of Education.

Mr. MG George Muthoot, Chairman of The Muthoot Group, also received the prestigious award, however was not available in person. Dr. Sara George Muthoot accepted the Award on his behalf.

Paul George Memorial Tournament

Paul George Memorial Tournament - Gifted sportsmen win more than just a life changing victory. Education scholarship, free cricket training, chance to be part of IPL 6 and much more!

St. George’s School Principal honoured with Gem of India Gold Medal

(L-R) Mr. Alexander George Muthoot, Dr. Sara George Muthoot, Baroness Sandeep Verma & Mr. M.G George Muthoot at the Global Achievers Conclave

St. George’s School Principal Dr. Sara George Muthoot has been honoured with the Gem of India Gold Medal at the recently held Global Achievers Conclave at House of Lords, UK. Presented by Rt. Hon’ble Baroness Sandeep Verma, the award was conferred by NRI Welfare Society of India International Friendship Society (IIFS) to those Indians who have made considerable contribution, dominating all over the world in their field of profession and are creating wonders with their Midas touch.

Muthoot Group Wins Golden Peacock Award For Corporate Governance

(L-R) - Mr. M.G George Muthoot, Rt Hon Eric Pickles MP, Mr. Ola Ullsten, Mr. Alexander George Muthoot & Lt Gen J S Ahluwalia

Last week The Muthoot Group was awarded the Golden Peacock Award for Excellence in the field of Corporate Governance at the London Global Convention 2012. The event was graced by several dignitaries for all industries across the globe. Shri. M. G. George Muthoot, Chairman of The Muthoot Group & Shri Alexander George Muthoot, Director of The Muthoot Group, received the award on behalf of the group. The Golden Peacock Awards have been instituted since 1991 and are recognized worldwide as a hallmark of corporate excellence because of their independence, integrity and transparency. These awards provide an opportunity for self-assessment and help companies accelerate performance and competition. The Golden Peacock Awards lend worldwide recognition and prestige to the winners. Today the Golden Peacock Awards Secretariat receives over 1,000 entries per year for various National & Global awards from over 25 countries worldwide. The achievement of the Golden Peacock Award is the most speedy and powerful way to build your brand image. No business award today receives the kind of recognition and adulation among peers that the Golden Peacock does.

" Under-19 captain Unmukt Chand felicitated By Muthoot Group"

Always in the forefront to promote sports and celebrate sportsmanship, Muthoot Group, the team sponsorer of Delhi Daredevils felicitated India’s Under-19 captain and Delhi Daredevils star Unmukt Chand on his victorious win in the U-19 World Cup in a glittering ceremony at The Park Hotel, Bangalore. Shri George M Jacob, Director, Muthoot Group felicitated the player with the Delhi Daredevils Branded Gold coin memento. Present on the occasion were cricketer Unmukt Chand, George M Jacob (Director, Muthoot Group), Cherian Peter (GM – Marketing & Sales, Muthoot Group), Phaneendra P (GM - Sales & Marketing, GMR Sports) and other eminent dignitaries."

"Coveted Award for "Best Principal of the State"

Dr. Mrs. Sara George, Principal, St.George's School receiving the coveted Award for "Best Principal of the State" for the year 2012. Seen in the image; Principal Ma'am Receiving the award from Honorable Chief Minister of Delhi Smt. Sheila Dikshit. "

"Business Excellence Award –2012"

"The Trivandrum Chamber of Commerce and Industry conferred our Jt Managing Director, Shri George Jacob Muthoot with The Business Excellence Award –2012. The award was presented by Shri Kunhalikutty, Minister for Industries Information Technology and Urban Affairs, Kerala amid a gathering of eminent dignitaries."

St. George’s School felicitates IAS topper Ravi Dhawan

"St. George’s School organized a felicitation function in the honour of its student, Ravi Dhawan who achieved 6th rank in the Civil Services (IAS) exam. The function took place today at the school premises in Alaknanda, New Delhi. Present on the occasion were the school principal, vice principal, teachers, students and other school staff who could be seen cheering enthusiastically."

Alexander George Muthoot, director Muthoot Group, shared his views with Economic Times.

“IT has helped enhance speed and convenience” NBFCs have also joined the bandwagon. Alexander George Muthoot, director Muthoot Group, shared his views with Economic Times.

Students of University of North Carolina visited Muthoot’s corporate office in Cochin.

MBA Students of Kenan Flagler Business School, University of North Carolina ,who were on a fields study tour, visited our Corporate Office Cochin on 10th March 2012. Seen in the picture are Jayasankar M Swaminathan GlaxoSmithKline Distinguished Professor of Operations , Technology and Operations Management, Muthoot Group Managing Director Mr. George Alexander Muthoot & Vice President Mr. George M Alexander along with the students.

Sh. George Alexander Muthoot addressed the gathering at the Indian Business Conference held at Columbia Business School.

Sh. George Alexander Muthoot addressing the gathering in the Indian Business Conference held at Columbia Business School. Topic :'Corporate governance and transformation from a family owned business to a public enterprise'

On April 20th, The Indian Express New York covered Sh. George Alexander Muthoot's address on 'Corporate governance and transformation from a family owned business to a public enterprise' to the gathering at the Indian Business Conference held at Columbia Business School.

Sh. George Alexander Muthoot elaborated on the topic by explaining the benefits of sound Corporate Governance in family businesses by citing examples of various Indian and International family businesses that have benefited by corporate governance and grown in their respective industries.His speech talked about the stats that prove that in USA, around 5.5 million family businesses contribute to 57% of the GDP of the Country and employ 63% of the Country's workforce. Few examples of such giants are Wal-Mart, Ford, Carrefour, BMW, Samsung & Motorola.

He talked about his family business, Muthoot Finance Ltd., which is an NBFC that extends credit against the security of Gold mainly to households and small businesses. He took the gathering through the journey of the Company and how through continuous efforts, they have extended their presence to areas where access to organized credit facilities were limited or nil. Even though there are quite a few techies and young entrepreneurs using the Company's services, as a lender to the common man, it is essential that the Company remain continually sensitive to their changing needs and plan how best to secure the interests of shareholders, customers, employees and host community without jeopardizing any party's interests. He declared that the best tool at their disposal for securing sound business practices to achieve these ends is Corporate Governance.

He also mentioned that Innovation at any dynamic organization is a daily affair, and Corporate Governance is a facilitating factor in achieving this. Corporate mis-governance on the other hand, has resulted in the failure of large companies across the world. Unless the corporates are themselves focused on ensuring good governance, no regulator can assure the compliance of this in spirit. Only consistently good governance can build a credible brand and earn good valuation in the stock market. Sustained growth can only be nurtured in an atmosphere of trust among the stake holders which can only be ensured through sound corporate governance.

He said that corporate governance in family businesses helps them to invite investment and talent, decide on right roles, evaluate performance & strategies, assure objectivity, continuity and fair play while ensuring stakeholders' interests and also help in effective succession planning. This adds values to the business and also maintains family harmony.

He concluded by saying that ultimately, the governance norms set by Family or Public companies have to be evaluated against its efficacy in achieving its objectives. If the norms facilitate the Board to achieve corporate objectives, the company has sound governance policies but otherwise, the organization must introspect on the necessity for change and bring in better practices.

7th International Conference on CORPORATE SOCIAL RESPONSIBILITY at the Dubai Global Convention 2012.

In this Convention, Shri M.G. George Muthoot (Chairman Muthoot Group) was the Chairperson and Moderator for the Session on "Transparency & Accountability for Effective CSR"

He concluded by saying that ultimately, the governance norms set by Family or Public companies have to be evaluated against its efficacy in achieving its objectives. If the norms facilitate the Board to achieve corporate objectives, the company has sound governance policies but otherwise, the organization must introspect on the necessity for change and bring in better practices.

Award for CSR

Golden Peacock Award for CSR being conferred upon Muthoot Finance Ltd. in the Financial Services sector.

Muthoot Group - the only sponsor to launch a Gold Coin for its team

On 31st of March, 2012 Muthoot Precious Metals Corporation, a flagship company of The Muthoot Group unveiled its latest coin - a special Muthoot-Delhi Daredevils Gold Coin , embedded in a beautiful elephant tuskers memento with the coin embedded alongside a cricket bat with the autographs of 5 top line International Cricket Players. The memento is a collector's item, a true pride for any avid Daredevils fan to own.

Business Leadership’ for the year 2012 at Golden Peacock Awards

Shri. M. G. George Muthoot, Chairman, Muthoot Group has been conferred with 'Business Leadership’ for the year 2012' at Golden Peacock Awards, Bangalore in the presence of Hon’ble Union Minister for Corporate Affairs, Dr M. Veerappa Moily on 20. 01. 2012.

Commenting on this occasion our Chairman said, “This award reiterates our leadership position in the business of Gold Loans and also the trust we enjoy among our customers for more than seven decades”. He further added, “We as an organisation have built this business from scratch to become India’s largest gold loan company.”

Asian Business man of the year 2011

"Shri M.G. George Muthoot", Chairman of Muthoot Group was honored in the parliament by the UK Kerala Business Forum, wherein he was declared the "Asian Businessman of the Year 2011"

The award was presented by shadow minister for Employment Mr Stephen Timms MP, as a recognition of Shri M.G. George Muthoot's hard Work in making his company, the third most successful company in India.

"Shri M.G. George Muthoot" ,"50" richest man in India

Forbes magazine acknowledges "Shri M.G. George Muthoot" as th "50" richest man in India.

Felicitation at Delhi

by the Delhi Malayalee Association on 8th September 2011 at Sirifort Auditorium. New Delhi.

"Businessman of the Decade" Award

by World Malayalee Council on 10th September 2011 at Gokulam Convention Centre, Kochi

Life Time Achievement Award

"Shri M.G. George Muthoot", Chairman of The Muthoot Group has been honored with Life Time Achievement Award for his outstanding contribution to business, religion and social field by Delhi Panchvadya Trust (Regd), a charitable organization engaged in promotion of traditional art and culture, at their Annual Function in Delhi on 16th January 2011. Other noted dignitaries present for this award ceremony were Mr.K.V.Thomas - State Agriculture Minister, and Mr.T.K.A Nair - Principal Secretary to the Prime Minister of India among others.

TIMES OF INDIA award for Excellence in Bussiness

Mr. George Alexander Muthoot, Managing Director, The Muthoot Group, receiving the TIMES OF INDIA award for Excellence in Bussiness from Shri. M.M jacob, former Governor of Meghalaya, on March 6, 2009 at Cochin.

Awards to "Shri M.G. George Muthoot", Chairman of The Muthoot Group

In 2008, Mr "Shri M.G. George Muthoot" won the 8th Marthoma Mathews Memorial Award for his contributions to the society and exceptional social services.

"Shri M.G. George Muthoot", Chairman of The Muthoot Group Delivering acceptance Speech

Mr. George Alexander Muthoot awarded Ph.D