New Delhi: The chairman of the Muthoot Finance firm MG George Muthoot handed away on Friday night after reportedly falling from the fourth floor of his house in Delhi.
He was largely credited for making the Muthoot Finance a pan-India and the most important gold mortgage NBFC and he performed a pivotal function in taking Muthoot Finance to new heights, increasing its attain throughout the nation and even abroad particularly to the Middle East.
As per the police, they acquired the details about MG George Muthoot being admitted to a hospital after falling from the fourth floor of the house on Friday at 9.21 pm, he was later declared lifeless.
“Enquiry conducted into the matter and statements were recorded. The CCTV cameras were also checked. He was taken to Fortis Escort Hospital where he died during treatment. On Saturday, his post mortem has been conducted at AIIMS. No foul play is suspected. Inquest proceeding is being done,” Deputy Commissioner of Police (South East Delhi) R P Meena informed PTI.
Muthoot, 71, was for lengthy based mostly in the National Capital though his diversified group that runs over 20 companies from gold loans to securities, realty property to infrastructure, hospitals to hospitality and schooling, is headquartered in Kochi making it one of the most important enterprise homes in the state.
“M G George Muthoot’s sudden and unexpected demise will be an irreparable loss to the Company, employees, all stakeholders, family, and friends. All directors and employees of the Company convey deep sympathy, sorrow and condolences to his family,” the Muthoot Finance stated in a press release on Saturday.
Mathai George George Muthoot was born in November 1949 in Kozhencherry in the current day Pathanamthitta district of Kerala to M George Muthoot, who started the finance enterprise and because the grandson of Muthoot Ninan Mathai, the group founder.
After commencement, Muthoot joined the household enterprise as an workplace assistant and in 1979 he grew to become the managing director and group chairman in February 1993.
Muthoot leaves behind spouse Sara George and two sons. His two sons George M George and Alexander George are the is the chief director and director of the group whereas a 3rd son Paul Muthoot George was murdered in 2009.
With shut to $5 billion property Forbes Asia had listed him because the forty fourth richest Indian in 2020Â and the richest Keralite.Â
(With PTI inputs)
