G eorge Jacob Muthoot is an Indian billionaire and the chairman of the Muthoot Group, one of India's largest and most prominent gold financing companies. He is a key member of the third generation of the founding family. The business was started by his grandfather as a small trading company in the 19th century and was later transformed into a financial services powerhouse by his father.
The Muthoot Group's flagship company, Muthoot Finance, is the largest gold loan non-banking financial company (NBFC) in India. The business model is simple but powerful: providing loans to individuals and small businesses with gold jewelry as collateral, a practice deeply ingrained in Indian culture. George Jacob, along with his brothers, has overseen the massive expansion of the company's network, which now has thousands of branches across India. The publicly traded company's success has made the Muthoot family one of the wealthiest in South India.
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