Bangalore, 27th July, 2013: Muthoot M. George Foundation launched its Excellence Scholarships for the toppers of 10th Standard in Government Schools under the Educational Districts of Karnataka region.

    The launch event was inaugurated by Shri K J George, Home Minister of Karnataka along with Mr. George Alexander Muthoot, Managing Director, Muthoot Finance Ltd. The other officials present during this occasion include Mr. George Muthoot Alexander, Vice President – Operations South, Muthoot Finance Ltd. Mr. Babu John Malayil, AGM Corporate Communications, Muthoot Finance Ltd., Mr. B Karunakara Shetty, Regional Manager Muthoot Finance Ltd., North Bangalore, and Mr. Mathunny, Sr. Regional Manager, Muthoot Finance Ltd., South Bangalore along with parents and teachers.

    This scholarship will benefit students of 210 Government Schools and consists of a certificate and cash prize of Rs.2500/ each. This activity is the extension of a program already implemented in the government schools of Kerala.

    Speaking on this occasion, Hon. K J Gorge said “I am happy to be a part of this event today, I am glad that an institution like The Muthoot Group which has undertaken such an initiative, it truly, depicts their noble objective of doing good for the society, this scholarship program would encourage and motivate our Government School children to excel in their studies in a big way”.

    “Mr. George Alexander Muthoot said “Our prime objective of giving these awards is to reach out and encourage the children from the deprived class who constitute the main student population of Government Schools. We will remain duly committed towards the community with various corporate social responsibility initiatives in the near future”.

    About Muthoot Group:

    The Muthoot Group’s business origins can be traced back to 1887 when it started as a small trading business enterprise in Kozhencherry, a remote village in the state of Kerala. Since its formation, the company, under the leadership of its key management – Shri M.G. George Muthoot (Chairman), Shri George Alexander Muthoot (Managing Director), Shri George Thomas Muthoot (Jt. Managing Director) and George Jacob Muthoot (Jt. Managing Director) has broadened its scale and widened its geographic scope of retail operations.

    Today, The Muthoot Group is a multi-faceted business conglomerate serving the nation for over 126 years. The formidable business empire comprises 16 divisions including Financial Services, Plantations & Estates, Education, Leisure & Hospitality, Healthcare, Housing & Infrastructure, Infotech, Wealth Management, Money Transfer, Forex, Media, Power Generation, Precious Metals, Securities, Vehicle & Asset Finance, Travel Services, Muthoot Global and Muthoot Money.

    Headquartered in Kochi and having its Corporate Office in New Delhi, the company has a dominant presence in over 21 states & 4 Union Territories of India. It also has its presence in USA, UK and UAE too.

    About Muthoot M George Foundation

    Muthoot M. George Foundation is named after Late Shri M George Muthoot, the Founder Chairman of The Muthoot Group and started functioning in the year 1993. The Foundation’s activities include support to the poor for their medical treatment, marriage of girls and education of children. It also has projects to encourage Medical Research and an environment-friendly life. The activities of the Foundation are broadly divided into four parts as given below:

    • Muthoot Environment Research Foundation: To conduct an advanced study in Environment Preservation and environment-friendly
    • Projects in public interest
    • Relief & Rehabilitation works during and after Natural Calamities & Disasters
    • Supporting the poor and underprivileged in the form of Medical Treatment, Marriage of Girls, Professional Education of their children etc.

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