A graduate in Mathematics from St. Berchman’s College, Changanasserry, Mr. Jacob Thomas is the MD of Mulamoottil Financiers from its incorporation.
A sixth generation Mulamoottil, he has founded a line of successful companies and carries on the family tradition in financial services. He modernized the largely unorganized money lending / gold loan business that was one of the family enterprises for 5 generations. Moving on, he wasted no time in taking an NBFC license from the Reserve Bank of India in 1993. The company which was known as Mulamoottil Leasing & Hire Purchase Ltd. then, was renamed as Mulamoottil Financiers Ltd. in 2014.
Other group companies founded by him include:
- Mulamoottil Chits, a chit fund company
- Mulamoottil Homes Ltd. specializing in affordable housing
- Mulamoottil Trading Company, a company that dealt with wholesale supply of construction material in 6 districts of Kerala. The company was the all-India number 1 dealer for Nerolac Paints 5 times in a row from 1998.