M.G. George, Muthoot Finance chairman, passes away

M.G. George Muthoot, the chairman of Muthoot Finance which is the largest gold loan NBFC in the country, passed away on March 5 evening in his New Delhi home after a fall, according to the family. The 71-year-old Muthoot 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.