The Chairman of Kerala-based diversified conglomerate Muthoot Pappachan Group, Thomas John Muthoot, has been elected as the Chairman of Confederation of the Indian Industry (CII), Southern Region for the year 2025-26.
The President of Danfoss India Region, Ravichandran Purushothaman, has been elected Vice Chairman, CII said.
Danfoss India, a subsidiary of Denmark-based Danfoss, is a leader in heating, ventilation, air-conditioning and compressors.
Muthoot heads the Muthoot Pappachan Group, which has a presence in various sectors, including financial services, hospitality, real estate, automotive and power generation, the CII said in a release on Saturday.
He is also the Chairman and Managing Director of Muthoot Fincorp, which has a wide network of 3,800 branches, serving over 1.25 lakh customers. Muthoot has been instrumental in driving digital transformation within the group, integrating financial technology solutions, among others.