Today i.e. 25th December the whole world is celebrating Christmas. Even in India the Christian population is not small. According to an estimate, the Christian population in the country will be around 3 to 3.5 crore in the year 2025. But today the talk will not be about Christmas or Christian people but about India’s richest Christian family. A Christian family from India has no shortage of wealth. The special thing is that they have a kind of monopoly in the sector in which they do business. Who is this family after all? How much wealth does this family have? Who is the leader of this family? What profession is this family involved in? Let us also give you detailed information about this…
Business is in the name
It is said that the Christian family is the richest in India, whose business is also known by its name. According to the Forbes list, the richest Christian family in India is the Muthut family. As we told you, the business is in name only. The whole country knows the company named Muthut. Which is related to gold loan business. Muthoot Finance has a monopoly in the gold loan sector. The net worth of this family is in billions of dollars. The special thing is that this family is among the top 25 richest people in the country.
How much wealth?
According to a Forbes report, the Muthoot family’s total wealth is $10.4 billion. Also, it is the 23rd richest family in India. The wealth of this family related to finance and investment related business has increased significantly recently. According to Forbes data, the Muthut family’s wealth has more than doubled since the year 2022. According to statistics, the total wealth of the family in the year 2022 was 4.1 billion dollars. It means that in three years the wealth of the Muthut family has increased by more than 6 billion dollars. While in the year 2012, the wealth of the family was only 1.1 billion dollars.
Special facts about the Muthut family
- The Muthut family controls Muthut Finance, India’s leading gold loan lender.
- The Muthoot Group was founded in 1887 as a company to trade in timber and grain, supplying rations to large British-ruled plantations.
- The company serves 200,000 customers daily and has more than 7,300 branches across India.
- M.G. George Muthoot, who was chairman and ran the company with his three brothers, died in 2021. His brother George Jacob Muthoot is now the president.
What is the net worth of George Jacob Muthut?
If we talk about the net worth of George Jacob Muthoot, chairman of Muthoot Group, it is $3.2 billion according to Forbes list. Along with his two brothers, George Jacob Muthoot runs India’s largest gold lender, Muthoot Finance. The Muthoot Group was founded by his grandfather in 1887 as a timber and grain merchant, supplying rations to large British-ruled plantations. The company has 4,800 branches across India, providing gold loans and serving more than 200,000 customers every day. Muthoot Finance provides fund transfer services as well as corporate and personal loans. His elder brother MG George Muthoot, who was the chairman of the company, died in March 2021 at the age of 71.