Workflow
Billionaire family turns India’s gold obsession into a fortune
三菱UFJ三菱UFJ(US:MUFG) ETRetail.com·2025-11-20 11:45

Gold is having a moment in the sun and the billionaire Muthoot clan of India is reaping the benefits.Their family-run firm that’s doled out “The market is exploding,” said George Alexander Muthoot, 70, the managing director of his eponymous firm and third-generation executive of the business. “Even for rich people, it’s fashionable today to take gold loans.” Advt The company’s biggest challenge now is keeping rivals at bay, with gold hovering near a record high. Competition is heating up after Bain Ca ...