In the year 1887, Muthoot Ninan Mathai, patron founder of our group, started in a humble way as a retail and whole-sale trader of grains at Kozhencherry, Kerala. These wholesale goods were mainly supplied to the large estates owned by British Companies. Subsequently, understanding the unmet saving needs of the estate workers, Mr. Ninan Mathai, started the Chit Funds business with philanthropic motive, as an avenue for saving. Functioning out of a single office in Kozhencherry, Muthoot Ninan Mathai entered the gold loan business in the 1950’s. He soon went on to become the largest player in Chits & Gold Loans. Soon Kozhencherry became a known name where people across Kerala came to for gold loan & chits.

“He held every hand that reached out to him. And led them to a better tomorrow.”

Muthoot Pappachan was a simple and devout man, who espoused a nine point formula that stood by him in realizing his goals. Love. Peace. Happiness. Kindness. Helpfulness. Patience. Pleasantness. Faithfulness and Self-control. These ethics have been a guiding light to the path of his successors and have permeated to every strata of the Muthoot Pappachan Group. These values still govern every decision in the Group. When asked for his formula to success, he quipped, "unflinching faith in the Almighty and unshakeable determination to face and overcome challenges." In dire circumstances and sometimes in the face of loss, he was heard to quote that a debit on earth will be a credit in heaven. A man, known to adhere to his word, he instilled these values throughout the organization he nurtured.