Shri. M.G. George Muthoot, Chairman, The Muthoot Group was conferred with ‘Emerging Business Leader of the Year’ title at the fifth edition of AIMA Managing India Awards 2014 held at Taj Palace, New Delhi. The award was presented by Hon'ble Union Minister of Home Affairs, Shri Rajnath Singh to the recipients at the award function.
Speaking on the recent accomplishment, Shri. M.G. George Muthoot, Chairman, Muthoot Group said, “I am truly honoured to receive the 'Emerging Business Leader of the Year' award. This award is an acknowledgement of our continued efforts towards financial inclusion and a recognition of a good Non-Banking Financial Company being the backbone of our country. Our pioneering steps in providing a host of inclusive financial services to the unbanked and under-served customers has not only been providing empowerment to the common man but has monetised a static asset into an economically productive resource. This award will always be treasured as it comes at a time when the government too is taking steps to empower citizens by providing them easy access to financial services.”
While presenting the award, the citation among others, highlighted that he “attributed his success to his unwavering principles of ethics, values, reliability, dependability, trustworthiness, goodwill, integrity and sound governance and believes in giving back to the community by identifying and facilitating growth in areas which are less recognised.”
AIMA Managing India Awards which recognizes eminent personalities from different walks of life recognized Muthoot Group in one of the most prestigious categories amongst 13 others during the event. The award is recognition of Muthoot Group’s hard work, dedication and ingenuity. It is recognition of the brand’s spirit and determination to take financial inclusion to every family in the remotest corner of the country with a desire to empower them.
Every year, AIMA, brings vibrant disciplines, which reflect the state of advanced development in an economy under one umbrella through the AIMA Managing India Awards to recognize the contributions of those who have set benchmarks of excellence in their respective spheres and have helped built Brand India. AIMA has been at the forefront of fostering excellence in management, entrepreneurship and leadership.
What started as a gold loan company seven decades ago is today a “Financial Supermarket.” The Muthoot Group has been providing a host of financial services to the Indian customers at a timely, affordable and adequate credit with minimal hassle and documentation. 'Reaching the unreached and serving the under-served as soon as possible' has been their 360 degree inclusion mantra. The company has been bridging the gap between the banked and the unbanked population of the country by facilitating the common man with immediate financial assistance for their personal or business purposes. This assistance has brought thousands of rural and semi-urban Indians into the banking net for the very first time and helped them associate with organised banking/financial services. The successful transformation from unorganised sector to an organised sector has helped bring credibility to this sector. They disburse INR 320 crores daily through their 4500+ vast branch network spread across the length and breadth of the country, of which 65 per cent are in rural areas. Since listing in May 2011, they have disbursed INR three lakh crores as easy secured loans (out of which INR one lakh crore was disbursed in rural & semi urban areas).
Financial services are often associated with high-denomination products and services but, Muthoot Group has been providing loan starting from Rs. 1,500. Their services has aided many customers in starting a small business, paying for the education of their children, medical emergencies among others and thereby, changing the course of their lives.
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 127 years. The formidable business empire comprises of 17 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, Muthoot Money and Home Finance.
Headquartered in Kochi and having its Corporate Office in New Delhi, the company has a dominant presence in all States & all Union Territories of India. It also has its presence in USA, UK , UAE, Hongkong, SriLanka and Central America too.
Photo caption: Mr. M.G. George Muthoot, Chairman, The Muthoot Group