Around the early 1800s, Mulamoottil Family patriarch Mulamoottil Mathen settled in Kozhencherry, a prominent business hub of Central Travancore (part of the erstwhile princely state of Travancore) now part of Kerala State, India. He was a prominent merchant.
His son Mathen Mathen continued in the tradition and expanded into money-lending activities too.
In 1885, Mathen Mathai started an Ayurvedic eye care facility at the family home. He was a proficient physician and was revered for his selfless service. Being a prominent merchant who was financially stable, he devoted his medical service to the people and did not charge a fee.
Even today, Mulamoottil family is known widely across Kerala state as a family of Ayurvedic Eye Physicians.
His son M.M Abraham concentrated more on financial services business than eye care. He started a retail banking business known popularly in India as the Chit business.
M.A Thomas, a gold medallist MA graduate at the famous Kerala University broke with tradition and served in the British government offices and Rubber estates at Malaysia and Sri Lanka (previously Ceylon). He launched a Banking business in Ceylon around the time it gained independence. The consequent turmoil in the country saw him return to India and launch a construction and trading business in 1966.
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