Shri. M. Mathew Muthoot
Chairman and Director of
Muthoot Ninan Group of Companies
Shri. M. Mathew Muthoot is the son of late Shri. Muthoot M. Ninan who established the Muthoot Group in the year 1939. He hails from the reputed family by name Thevervelil, Kozhencherry in Pathanamthitta district. He is a Mechanical Engineering graduate from MIT Manipal. He has shown very keen interest in Money lending business right from his childhood onwards. In fact, he was actually engaged in the Chitty and Gold loan business of Muthoot establishments at Kozhencherry in Central Travancore from the very young age of ten onwards. Thus motivated by his keen interest coupled with his vast experience in the field, he was instrumental in the major development of the Company, which has already attained the maximum heights in the business arena. He is the Chairman of the Company. The word mark and the trade mark “MUTHOOT” is awarded exclusively in the name of the Chairman and Director Sri. M. Mathew.
He has given a substantial amount of leverage to the Company for scaling of its operation in a fast manner and also for addressing operational efficiency and disciplinary control of the Staff of the Company. As such any relevant financial data required could be made available at our fingertips, which is just a click away. The company affairs are managed, controlled and motivated by the Board of Directors under the able guidance of the Managing Director.
Shri. Richi Mathew, Son of Shri. M. Mathew Muthoot is a graduate in computer engineering from Mangalore University, and is a businessman by profession. He is the Managing Director of Muthoot Mercantile Limited – a Non-Banking Financial Company registered by the Reserve Bank of India. The main business of the Company is conducting Money Lending Business against the security of Gold. He has more than eighteen years experience in banking field.
The entire software required for the operations of the company are headed under his guidance and support. This has given a substantial amount of leverage to the Company for scaling up its operations in a fast manner and also for addressing operational efficiency and disciplinary control of the Staff of the Company. He formulates and implements the company policy and directs strategy towards the profitable growth and operation of the company. He develops strategic operating plans that reflect the longer-term objectives and priorities established by the board. He closely monitors the operating and financial results against plans and budgets and takes remedial action wherever necessary and informs the board of significant changes.