Murugappa Groupis an Indianconglomeratefounded in 1900 by A. M. Murugappa Chettiar.[3][4]The Group has 29 businesses including 10 companies listed on theNSEand theBSE.[5][1]Headquartered inChennai,the major companies of the Group includeCarborundum Universal,Cholamandalam Financial Holdings,Cholamandalam Investment and Finance,Cholamandalam MS General Insurance,Coromandel International,EID Parry,Parry Agro Industries, Shanthi Gears,Tube Investments of India,Wendt (India), andCG Power and Industrial Solutions.
Company type | Private |
---|---|
Industry | Conglomerate |
Founded | 1900 |
Founder | A.M.Murugappa Chettiar |
Headquarters | Channai,Tamil Nadu,India |
Key people | M. M. Murugappan(Executive Chairman) M.V. Subbiah |
Products | Agriculture Engineering Financial services |
Revenue | ₹74,220 crore(US$8.9 billion) (FY23)[1] |
₹10,424 crore(US$1.2 billion) (FY23)[1] | |
₹6,846 crore(US$820 million) (FY23)[1] | |
Number of employees | 73000 (2024) |
Parent | Murugappa Holdings[2] |
Subsidiaries | Carborundum Universal Ltd Cholamandalam Financial Holdings Ltd Cholamandalam Investment and Finance Company Cholamandalam MS General Insurance Coromandel InternationalLtd. Coromandel Engineering Company Ltd EID Parry Parry Agro Industries Ltd. Shanthi Gears Ltd Tube Investments of India Limited Net Access India Ltd and Wendt (India) Ltd CG Power and Industrial Solutions |
Website | murugappa |
The Group has presence in several segments includingabrasives,auto components,bicycles,sugar,farm inputs,fertilisers,plantations,bioproductsandnutraceuticals.It owns brands like BSA, Hercules, Montra, Montra Electric, Mach City, Ballmaster, Ajax, Parry's, Chola, Gromor, Shanthi Gears and Paramfos. The Group has a workforce of over 60,000 employees.[6]The current executive chairman is MM Murugappan.[7]
The Group & family
editMurugappa Chettiar Family
edit- Murugappa family
- Founder:
- Dewan Bahadur A. M. Murugappa Chettiar
- Second Generation:
- A. M. M. Murugappa Chettiar
- A. M. M. Vellayan Chettiar
- A. M. M. Arunachalam
Group - Chairman (Murugappa Family)
edit- Murugappa family
- Founder:
- Dewan Bahadur A. M. Murugappa Chettiar
- Past Chairman:
- A. M. M. Murugappa Chettiar
- A. M. M. Arunachalam
- M. M. Muthaiah
- M. V. Arunachalam
- M. V. Murugappan
- M. V. Subbiah
- M. A. Alagappan
- A. Vellayan
- Present Chairman:
- dissolved
History
edit1901–1910
edit- The foundation for this group was laid by Dewan Bahadur A.M.Murugappa Chettiar who established a money-lending and banking business in 1900.[8]
- The business was first up inMoulmein,Burma(nowMyanmar)[9]and then spread toBritish Malaya,Ceylon,Dutch East IndiesandFrench Indo-China.
1921–1930
edit- In the 1930s the business was moved back toIndia.
1941–1950
edit- 1947: Established Coromandel Engineering Company Limited
- 1949: EstablishedTI Cycles of IndiaLimited (present dayTube Investments of India Limited) in association with Tube Investments Limited, UK(present dayTI Group)
1951–1960
edit- 1954: Carborundum Universal of Madras India Limited (present dayCarborundum Universal Ltd) was established inMadras,Tamil Nadu,as a tripartite collaboration between the Murugappa Group, The Carborundum Company Limited USA and the Universal Grinding Wheel Co. Limited, U.K
- 1955:Tube Investments of India LimitedEstablishedTube Products of IndiaLimited in association with Tube Products (Old Bury) Limited, UK
- 1960:Tube Investments of India LimitedEstablished TI Diamond Chains Limited in association with Diamond Chain Company( USA)
- 1960:Tube Investments of India LimitedEstablished TI Miller in association with Miller, UK
1961–1970
edit- 1965: Established TI Metal Forming
- 1968: Purchased Kadamane Estates[10]
1971–1980
edit- 1978:Carborundum Universal Ltdacquired Eastern Abrasives Limited
1981–1990
edit- 1981: Murugappa Group took overEID Parry
- 1983:
- Murugappa Morgan Thermal Ceramics Limited is established as a JV between Morgan Thermal Ceramics division ofMorgan CruciblePlc. UK andCarborundum Universal Ltd(CUMI) of Murugappa Group
- Murugappa Group established Polutech Limited in association with EPI( USA)
- 1990:Tube Investments of India Limitedacquired Press Metal
1991–2000
edit- 1991:
- The House of Khataus Group divested its share in Wendt (India) Limited (WIL) toCarborundum Universal Ltd(CUMI)
- Prodorite Anticorrosives Limited becomes a subsidiary ofCarborundum Universal Ltd
- 1993:
- 1994:
- Chevron CorporationGroup California Chemical Company (now called Chevron Chemical Company) divested its share inCoromandel InternationaltoEID Parry
- Carborundum Universal Ltdacquired Cutfast Abrasive Tools Limited and Cutfast Polymers Limited
- 1995:
- January:EID Parryde-merged Murugappa Industrial & Technical Services as MEL Systems and Services Electronics Limited
- June:Carborundum Universal Ltdacquired Sterling Abrasives Limited
- December: Murugappa Group exited from the electronics business afterEID Parrydivested MEL Systems and Services Electronics Limited
- 1999
- Tube Products of Indiaacquired Steel Strips And Tubes Limited
- International Minerals and Chemical Corporation(IMC) divested its share inCoromandel InternationaltoEID Parry.Following this sale Coromandel Fertilisers Limited (present dayCoromandel International) became a Group company.
- November: Murugappa Corporate Board formed
- Tube Investments of India Limitedacquired Cholamandalam Investment and Finance Company Limited[12]
- EstablishedCholamandalam MS General InsuranceCompany Ltd
- 2003:
- July:Government of Andhra Pradeshdivested its share in Godavari Fertilizers & Chemicals Limited toCoromandel International
- November:Indian Farmers Fertiliser Cooperative Limited(IFFCO) divested its share in Godavari Fertilizers & Chemicals Limited toCoromandel International.Thus Godavari Fertilizers & Chemicals Limited became a Murugappa Group Company[1]
- December: Godavari Fertilizers & Chemicals Limited merged with Coromandel International
- 2006: Coromandel Fertilizer (present dayCoromandel International) acquired Ficom Organics Limited
- 2008:Carborundum Universal Ltd(CUMI) acquired Foskor Zirconia (Pty) Limited
- 2009: Coromandel Fertilizer changed to its present nameCoromandel Internationalwith new logo
- 2010:Tube Investments of India Limitedacquired Sedis Chain France[13]
2011–2020
edit- 2011:
- October:EID Parryacquired U. S. Nutraceuticals LLC (Valensa International), a Company based inFlorida,USA
- December:Coromandel Internationalacquired Sabero Organics, a leading player incrop protectionproducts
- 2013:
- January:Coromandel Internationalacquired Liberty phosphates, India's leading single super phosphate producer
- 2014:
- October:Tube Investments of India Limitedset up a plant for Large Diameter Tubes
- 2015:
- August: TI Cycles of India acquired the Brand Licensing Rights forRidley Bikes,Belgium
- 2016:
- June: TI Cycles set up a new Bicycle factory in Punjab
- September:CUMIlaunched cumidirect, an online store for warehouse equipment, power tools, and industrial ceramics.
- September:Tube Investments of India Limitedentered into a joint venture with Absolute Speciality to open Bicycle cafes in India under the Ciclo Cafe brand
- 2017:
- March:Tube Investments of India Limited’s incubation cell launched India’s first online-only Bicycle brand, Brooks
- March:CUMIset up a new facility inKochifor Composite Electro-minerals
- Dec: TI Cycles announces the signing of an agreement for the acquisition of controlling stake in Creative Cycles & Great Cycles, Sri Lanka
- 2018:
- Jan:EID Parryand Synthite Industries announce 50-50 joint venture
- April:Coromandel Internationalacquires bio-pesticide business ofEID Parry(India)
- Tube Investments of India LimitedLaunch a building construction material TI Macho TMT introduced in 27 November
- 2020:
- November - Murugappa acquires 56% stake inCG Power and Industrial Solutions
Group companies
editPresent
edit- Agriculture & Chemicals:
- Associates and subsidiaries
- Alimtec S A
- Coromandel International Limited
- Parrys Sugar Industries Limited
- Parry Sugar Refinery Pvt Ltd
- US Nutraceuticals LLC
- Associates and subsidiaries
- Coromandel International
- Associates and subsidiaries
- Coromandel Brasil Ltda
- Dare Investments Limited
- CFL Mauritius Ltd
- Liberty Pesticides and Fertilisers Limited
- Parry Chemicals Limited
- Sabero Australia Pty. Ltd
- Sabero Argentina S.A
- Sabero Europe B.V
- Sabero Organics America Ltda
- Sabero Organics Mexico S.A de C.V
- Sabero Organics Philippines Asia Inc
- Parry America Inc
- Coromandel International (Nigeria) Limited
- Associates and subsidiaries
- Coromandel International
- Joint ventures
- Coromandel Getax Phosphates Pt Ltd
- Coromandel SQM (India) P Ltd
- Yanmar Coromandel Agrisolutions P Ltd
- Groupe Chimique Tunisien (GCT) and CPG of Tunisia
- Joint ventures
- Parry Agro
- Engineering:
- Tube Investments of India Limited
- Associates and subsidiaries
- CG Power and Industrial Solutions[14]
- Sedis
- Shanthi Gears
- TI Tsubamex Pvt Ltd
- Associates and subsidiaries
- Tube Investments of India Limited
- Carborundum Universal
- Associates and subsidiaries
- Volzhsky Abrasive Works, Russia
- Foskor Zirconia(Pty) Ltd., South Africa
- Sterling Abrasives Ltd.
- CUMI International Ltd.
- Joint ventures
- Wendt GmbH
- Murugappa Morgan Thermal Ceramics
- Associates and subsidiaries
- Carborundum Universal
- Coromandel Engineering Company Limited (CEC)
- Finance:
- Cholamandalam Investment and Finance Company
- Subsidiaries
- Cholamandalam Securities Limited
- Cholamandalam Home Finance Limited
- Subsidiaries
- Cholamandalam MS General Insurance
- Cholamandalam Investment and Finance Company
- Others:
- Ambadi Enterprises Ltd.
- Subsidiaries
- Parry Murray & Co Ltd
- Subsidiaries
- Cholamandalam MS Risk Services Limited
- Murugappa Water Technology & Solutions
- Ambadi Enterprises Ltd.
Previous
edit- MEL Systems & Services Ltd (Murugappa Electronics)
- LaserWords India Pvt Ltd (ePublishing)
Initiatives
editReferences
edit- ^abcdBalachandar, G. (3 July 2023)."Murugappa Group posts strong double-digit growth in revenue and PAT in FY23".BusinessLine.Retrieved21 March2024.
- ^"Forbes India's Richest".29 September 2010. Archived fromthe originalon 5 October 2010.
- ^Raghunathan, Anuradha."Forbes article on Murugappa Group".
- ^"Murugappa group posts 18% growth in its profit to Rs 2,880 crore".2 July 2019.
- ^"Forbes India's Richest 2023".
- ^"Conglomerates in India | Murugappa Group | Business Groups".14 October 2015.Retrieved2 June2019.
- ^Chandrashekhar, Anandi (5 February 2018)."Murugappa Group appoints MM Murugappan as executive chairman".The Economic Times.Retrieved26 March2018.
- ^"Murugappa Group History".
- ^Ramaswamy, Vijaya (2007).Historical dictionary of the Tamils.Lanham, Md.: Scarecrow Press. p. 153.
- ^"Photo feature: Kadamane, an enticing getaway amid lush tea gardens".The News Minute.24 February 2018.Retrieved26 March2018.
- ^"Equity research on tube investment of india ltd".Scribd.Retrieved13 May2022.
- ^Narasimhan, T. E. (3 January 2018)."Murugappa steps on the gas".Business Standard India.Retrieved26 March2018.
- ^"Historique - SEDIS".Sedis.fr.Retrieved1 December2016.
- ^"Tube Investments takes over majority stake in CG Power, holds 50.62% equity".The Economic Times.26 November 2020.Retrieved7 February2023.