Muthoot Pappachan Group, also known as Muthoot Blue, is an Indian financial service conglomerate founded in 1887 by Ninan Mathai Muthoot. Headquartered in

Thiruvananthapuram Thiruvananthapuram ( ), also known as Trivandrum, is the Capital city, capital city of the Indian state of Kerala. As of 2011, the Thiruvananthapuram Municipal Corporation had a population of 957,730 over an area of 214.86 sq. km, making it the ...

Kerala Kerala ( , ) is a States and union territories of India, state on the Malabar Coast of India. It was formed on 1 November 1956, following the passage of the States Reorganisation Act, by combining Malayalam-speaking regions of the erstwhile ...

, the group has a workforce of more than 26,000 employees across 4,200 branches in India. Apart from financial services, the group has business interests in hospitality, automotive dealerships, real estate, healthcare, IT services, precious metals, alternate energy, and security services.

History

The family business was founded in 1887 by M. N. Mathai (who goes by N. Mathai Muthoot) in

Kozhencherry Kozhencherry is a census town in Pathanamthitta district of South Central Kerala in Kerala state, India. census, the population was 12,021 of which 5,594 are males while 6,427 are females. Etymology The name ''Kozhencherry'' is believed to have ...

. Mathai initially traded in timber and food grains, supplying rations to large British-run plantations. In 1939, the group established banking and finance services to provide immediate financial assistance to customers in rural and non-rural areas through easy secured loans. Post-independence, the demand for credit increased as individuals discovered their household gold as a safe and convenient means to get credit. Mathai then moved into the gold loan business. In 1979, the business was split among the founder's three surviving sons. The eldest son, M. George Muthoot, moved out of

and set up Muthoot Finance. The youngest son, M. Thomas Muthoot, also known as Muthoot Pappachan, then incorporated Muthoot Pappachan Group. The group is currently under his three sons T. John Muthoot, T. George Muthoot and T. Thomas Muthoot (known as just Thomas Muthoot). In May 2024, the group signed

Shah Rukh Khan Shah Rukh Khan (; born 2 November 1965), also known by the initialism SRK, is an Indian actor and film producer who works in Hindi cinema. Referred to in the media as the "Padishah, Baadshah of Bollywood" and "King Khan", he has Shah Rukh K ...

as a brand ambassador.

References

{{Reflist Companies based in Thiruvananthapuram Indian companies established in 1887 Conglomerate companies established in 1887 Conglomerate companies of India