Odiha News: Muthoot Group Chairman, M.G. George Muthoot, has passed away. According to police, he fell from the roof of his residence in Delhi East around 9 pm on Friday. He was rushed to a hospital, where he was pronounced dead at the scene. Doctors performed the post-mortem on Saturday and mentioned the death cause as the injuries caused by falling from the roof.
Muthoot was 71 and was ill. He had been taking rest at home for some time and staying away from work. At around 9 pm on Friday, he suddenly fell off the roof. The Muthoot Group, set up by him, has become one of the country’s largest financial institutions. Muthoot Finance is a non-banking institution and lends money against gold.
So M.G. George Muthoot was the third generation member of his family to chair the organization, and he was also a trustee of the Orthodox Church. Muthoot Finance has more than 5,000 branches around the world.
Who was M.G. George Muthoot (Muthoot Finance Chairman)
Mathai George Muthoot was born in 1949 in Kozencherry, Kerala. She is the grandson of Muthoot Meenal Mathai, the founder of the Muthoot Group. He completed his graduation from Manipal Institute of Technology, and let me also tell you that he was a mechanical engineer. In 1993, he became the chairman of that group.
In the 1980s, due to family feuds, the Muthoot group got busted and split into two. Its other part is named Muthoot Pappachan Group, which mostly does its business in Kerala.
Due to George’s leadership, the group moved out of Kerala and started its business in the whole of India, and it became the largest company in India’s fold lending sector. Today, the market capitalization of Muthoot Finance is about 50000 crores Rupees in BSE.
George had three sons, and all three were named George M George, Alexander M George, or Paul M George. His youngest son, Paul M. George, lost his life in 2009 due to road rage, and at that time, he was also serving as Executive Director in the company.
In 2020, Forbes magazine named George among the top 50 richest men in India, and his position was 26, and he was declared the richest man in Kerala.
Police are not finding anything suspicious in this matter, yet CCTV cameras in and around their house are being checked.