Muthoot Pappachan Group (MPG) , founded in 1887, as a trading company serving the retail requirements of plantation holdings in a small village in Kerala, MPG transformed into a Chit Fund company in 1939. MPG’s turnover is Rupees 20,000 Crores (US$4.4 Billion) and, it has become one of the most admired and professionally managed corporate houses in India.
Consumer, employed professional and trader finance are the Group’s core activities. The Muthoot Pappachan Group also has significant presence in other sectors of business, such as hospitality, infrastructure, automotive and renewable energy.
According to this report, MPG has a currently installed capacity of 25 mega watts with a total Investment of Rs. 125 crores in Tirunelveli and Kanyakumari Districts of Tamil Nadu where some of the highest PLF sites are located in India.
Muthoot Pappachan Group has added 4.50 MW of wind power in the current year with an investment of Rs. 26 crores and according to Thomas John Muthoot, Chairman and Managing Director. “We are currently studying expansion plans that are expected to double our total wind power generation capacity by end 2012.”