Muthoot Finance chairman MG George died after falling from fourth floor
Delhi Police denies any foul play
New Delhi, Mar 6: M G George Muthoot, largely credited for making the Muthoot Finance a pan-India and the largest gold loan NBFC, passed away on Friday evening in a freak incidence of falling from the fourth floor of his house.
As the chairman of the company, he played a pivotal role in taking Muthoot Finance to new heights, expanding its reach across the country and even overseas especially to the Middle East.
Police received information on Friday at 9.21 pm regarding the admission of M G George Muthoot at a hospital after falling from the fourth floor of the house and was later declared dead, a senior police officer said.
"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 said.
Muthoot, 71, was for long based in the National Capital even though his diversified group that runs over 20 businesses from gold loans to securities, realty estate to infrastructure, hospitals to hospitality and education, is headquartered in Kochi making it one of the largest business houses 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 said in a regulatory filing on Saturday without giving reason for the cause of death.
He was responsible for scaling up the Muthoot Group's presence beyond the southern region by expanding its branch presence across north, east and west and thereby transforming the company into a pan India organization, it said.
He was instrumental in making the gold loan finance into an organised business.
Mathai George George Muthoot was born in November 1949 in Kozhencherry in the present day Pathanamthitta district of Kerala as the son of M George Muthoot, who began the finance business and as the grandson of Muthoot Ninan Mathai, the group founder.
After graduating from the Manipal Institute of Technology with a degree in mechanical engineering, Muthoot joined the family business as an office assistant and in 1979 he became the managing director and group chairman in February 1993.
In the early 1980s, the large family broke up and the family empire was divided between the cousin brothers and this led to the creation of Muthoot Pappachen Group, another diversified group in the state which runs rival gold loan company Muthoot Fincorp.
The Muthoot Group's flagship Muthoot Finance had a loan book of close to Rs 56,000 crore in the December 2020 quarter.
The group has grown manifold under him--when he took over it had just 31 branches but has over 5,550 branches across the country and outside today and the group.
Muthoot leaves behind wife Sara George and two sons. While eldest son George M George is the executive director of the group, the youngest son Alexander George is the director of the group and the second son Paul Muthoot George was murdered in 2009.
He was also a lay trustee of the powerful Orthodox Church in the state and was also a member of the national executive committee of Ficci and headed the Ficci Kerala council.
Forbes Asia listed him as the 44th richest Indian in 2020 with close to USD 5 billion assets and the richest Keralite.
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Kangana Ranaut sparks row: Claims Gandhi made 'Raghupati Raghav Raja Ram' the national anthem
New Delhi: A significant political controversy has erupted following the Modi government's decision to rename the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), a move that has drawn sharp criticism from opposition parties. The row was further fueled by BJP MP Kangana Ranaut, who, while defending the name change, erroneously claimed that Mahatma Gandhi had made the devotional song "Raghupati Raghav Raja Ram" India’s national anthem.
The central government has rebranded the flagship rural employment scheme from MGNREGA to the "Viksit Bharat-Guarantee for Employment and Livelihood Mission," abbreviated as VB-G RAM G. The removal of Mahatma Gandhi's name from the scheme has been termed an insult to the Father of the Nation by the Congress and other opposition parties.
When questioned by the media outside Parliament regarding the opposition's allegations, Mandi MP Kangana Ranaut defended the government's decision by invoking Mahatma Gandhi's devotion to Lord Ram.
"How is naming it 'Ram Ji' an insult to Gandhi ji?" Ranaut asked. "Mahatma Gandhi made 'Raghupati Raghav Raja Ram' the national anthem to organize the entire country. Therefore, this is an insult to Mahatma Gandhi? The government is fulfilling his dream by giving it the name of Ram."
Ranaut's claim regarding the national anthem was immediately seized upon by the opposition. Congress leader Supriya Shrinate shared the video of Ranaut’s statement on social media, tweeting sarcastically, "Come on brother, today we learned a new national anthem! The BJP is full of such gems."
Social media users also trolled the MP for the factual error. One user quipped, "Kangana ji forgot to mention that Bapu made this the national anthem after the country got independence in 2014," while another commented that the party finds people who "don't use their brains while forwarding WhatsApp messages."
Beyond the social media mockery, senior Congress leaders criticised the renaming on ideological grounds. Former Rajasthan Chief Minister Ashok Gehlot took to X (formerly Twitter) to condemn the move.
"The biggest irony is that Mahatma Gandhi was a lifelong devotee of Lord Ram and said 'Hey Ram' in his last moments," Gehlot wrote. "Today, the central government is making a despicable attempt to sideline Gandhi ji under the guise of the same 'Ram' name (VB-G RAM G), which is highly condemnable."
मनरेगा का नाम बदलने की केंद्र सरकार की कवायद महात्मा गांधी के प्रति उनकी ओछी मानसिकता और असम्मान का प्रमाण है। सरकार पहले 'पूज्य बापू' के नाम का शिगूफा छोड़ती है और फजीहत होने पर अब 'विकसित भारत-गारंटी फॉर रोजगार एंड आजीविका मिशन (VB-G RAM G)' जैसा नाम थोपना चाहती है। बार-बार नाम…
— Ashok Gehlot (@ashokgehlot51) December 15, 2025
गांधी जी ने ‘रघुपति राघव राजा राम’ को लेकर नेशनल एंथम बनाया था
— Supriya Shrinate (@SupriyaShrinate) December 16, 2025
BJP MP कंगना रनौत
चलो भाई आज नया नेशनल एंथम भी पता चला है!
BJP में एक से एक शिरोमणि भरे पड़े हैं 😂🤣 pic.twitter.com/9DvyV5xLb1
