Milan Mathew

Muthoot Pappachan Group

The Muthoot Pappachan Group, with a reputation that has been shaped over decades with high-quality practices, total customer satisfaction, and steady growth, in the field of business, is a legacy built on God-given values of trust, truth, transparency, and tradition. It has become one of the top business houses today, with over 3600 branches PAN India. Muthoot takes its name from its Family, which is a branch of a traditional Orthodox Christian family, based in Kozhencherry, a small town in the erstwhile primary state of Travancore (Kerala). In the year 1887, Muthoot Ninan Mathai (Patron Founder of the group), started in a humble way as a retail and wholesale trader of grains at Kozhencherry. He diversified into chit funds and by early 1950s became the largest player in Chits & Gold Loans. It was in 1979 that Muthoot Pappachan Group (MPG), was founded by the Late Mathew M Thomas, popularly known as Muthoot Pappachan. Over the years, the Muthoot Pappachan Group has grown to become a significant entity in the Indian business landscape. "A journey of a thousand miles begins with a single step." True to this adage, the group which planted its roots in retail trading, later diversified into various sectors including Financial Services, Hospitality, Automotive, Realty, IT Services, Precious Metals, Global Services and Alternate Energy.