The city of Dewas is located on the Malwa plateau in the Indian state of Madhya Pradesh. It functions as the administrative center of the Dewas District. Dewas is an industrial city. It houses a government bank note press which happens to be the largest of its kind in Asia. The word Dewas is assumed to be a combination of the words Dev which means deity and Vas which means abode; so Dewas refers to the house of the God. The city lies at the foot of a conical hill, known as Chamunda hill, which has the shrine of the Goddess Vashini on its peak. The city was known for being a production center of retail opium during the 19th century. The city has many industrial units of companies like Tata, Kirloskar, Arvind Mills, Gajra Gears, Sun Pharma Industries Limited, etc. employing thousands of workers. The city is known for its soya bean processing industry in the country. Places of tourist interest in and around Dewas are Mata Tekri, Kaila Devi temple, Meetha Talab, Chamunda Hills, etc.
The Muthoot Group, which has a history of the establishment of around 800 years, was founded in 1887 by Late Shri Ninan Mathai Muthoot, as a modest trading business in the remote village of Kozhencherry, Kerala. The position of the village couldnt be found on the map, and it was lacking all prerequisites for starting and expanding a company such as - mobility, land, resources, industry and favorable market conditions, etc. The Muthoot Group grew and broadened consequently due to sheer will, diligence, honesty, and trustworthiness exhibited by the founders, in spite of such challenging circumstances. Today, The Muthoot Group has garnered the trust of millions of customers. The Muthoot Groups triumph is due to its concern for the society, the hard work put in by its strong workforce of 30,000 employees and the trust of its millions of loyal customers. Each day, the company make an effort to keep their values and ethics intact to serve the customers with services of the utmost quality and ensuring a sustainable existence. The Muthoot Group has entered into every big & small town in India and is diversified into 20 divisions and more than 4500 branches with a global presence.