The managing director of Muthoot Finance Ltd. was injured after miscreants allegedly pelted his vehicle with stones in Kochi on Tuesday morning.

George Alexander Muthoot suffered a head injury and has been admitted to a private hospital, police said. A section of employees have been agitating against the Muthoot Finance management over dismissal of 160 staff from the company's 43 branches across Kerala in December.

The protest is being held under the aegis of the Centre of Indian Trade Unions. The Muthoot Finance management alleged that "CITU goons" were behind the attack that occurred at around 9:00 am in front of IG office.

CIITU rejected the allegations, saying the trade union outfit has no role in the incident. "We don't believe in such type of violent mode of agitation", CITU leader Ananthalavattom Anandan told mediapersons.

An official of the Confederation of Indian Industries, Kerala chapter, condemned the incident, saying "it is a matter of great concern".