20 Nov 2025 | 3 Mins Read
Billionaire Muthoots capitalise on India's gold obsession
Flipitmoney
Muthoot Finance Ltd, a century-old Indian family-run firm, has seen record growth in gold loans amidst surging bullion prices, boosting George Alexander Muthoot's combined fortune above $13 billion. The company's stock has hit a record and is valued at $17 billion, while gold lending across all firms surged 35% in 12 months to $151 billion.