Murugappa Group

Founded in 1900, the ₹36,893 crore [3] Murugappa Group[4] is one of India's leading business conglomerates. The Group has 28 businesses including nine listed Companies traded in NSE & BSE. Headquartered in Chennai, the major Companies of the Group include Carborundum Universal Ltd., Cholamandalam Financial Holdings Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., EID Parry (India) Ltd., Parry Agro Industries Ltd., Shanthi Gears Ltd., Tube Investments of India Limited., Net Access India Ltd and Wendt (India) Ltd.

Murugappa
TypePrivate
IndustryConglomerate
Founded1900 (1900)
HeadquartersChennai, Tamil Nadu, India
Key people
M. M. Murugappan (Executive Chairman)
M.V. Subbiah
ProductsAgriculture
Engineering
Financial services
Revenue ₹381 billion (US$5.3 billion) (2020)[1]
Number of employees
51,000[1]
ParentMurugappa Holdings[2]
SubsidiariesCarborundum Universal Ltd
Cholamandalam Financial Holdings Ltd
Cholamandalam Investment and Finance Company
Cholamandalam MS General Insurance
Coromandel International Ltd.
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
Websitewww.murugappa.com

The current executive chairman is MM Murugappan.[5] They have presence in several segments including abrasives, auto components, bicycles, sugar, farm inputs, fertilizers, plantations, bioproducts and nutraceuticals, the group has forged strong alliances with leading international companies like Groupe Chimique Tunisien, Foskor, Cargill, Mitsui Sumitomo, Morgan Crucible and Sociedad Química y Minera de Chile (SQM). The group has a wide geographical presence all over India and spanning 6 continents.

Renowned brands like BSA, Hercules, Montra, Mach City, Ballmaster, Ajax, Parry's, Chola, Gromor, Shanthi Gears and Paramfos are from the Murugappa stable. The Group fosters an environment of professionalism and has a workforce of over 50,000 employees.[6]

The Group & family

Murugappa Chettiar Family
  • Dewan Bahadur A. M. Murugappa Chettiar
  • Second Generation:

Group - Chairman(Murugappa Family)
  • Dewan Bahadur A. M. Murugappa Chettiar
  • Past Chairman:
  • Present Chairman:

History

1901–1910

1921–1930
  • In the 1930s the business was moved back to India.

1941–1950

1951–1960

1961–1970
  • 1965: Established TI Metal Forming
  • 1968: Purchased Kadamane Estates[9]

1971–1980

1981–1990
  • 1981: Murugappa Group Took over EID Parry
  • 1983:
  • Murugappa Morgan Thermal Ceramics Limited is established as a JV between Morgan Thermal Ceramics division of Morgan Crucible Plc. UK and Carborundum Universal Ltd (CUMI) of Murugappa Group
  • Murugappa Group established Polutech Limited in association with EPI( USA)

1991–2000
  • 1991:
  • 1993:
  • TIDC India acquired Satavahana Chains
  • EID Parry merged Murugappa Electronics Limited with itself as Murugappa Industrial & Technical Services [Division]
  • 1994:
  • 1995:
  • January: EID Parry de-merged Murugappa Industrial & Technical Services as MEL Systems and Services Electronics Limited
  • June: Carborundum Universal Ltd acquired Sterling Abrasives Limited
  • December: Murugappa Group exited from electronics business after EID Parry divested MEL Systems and Services Electronics Limited
  • 1999
  • 2003:

2011–2020
  • 2011:
  • 2013:
  • 2014:
October: Tube Investments of India Limited set up a plant for Large Diameter Tubes
  • 2015:
  • August: TI Cycles of India acquired the Brand Licensing Rights for Ridley Bikes, Belgium
  • 2016:
  • June: TI Cycles set up a new Bicycle factory in Punjab
  • September: CUMI launched cumidirect.com, an online store for warehouse equipment, power tools and industrial ceramics.
  • September: Tube Investments of India Limited entered 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: CUMI set up a new facility in Kochi for Composite Electro-minerals
  • Dec: TI Cycles announces signing of agreement for acquisition of controlling stake in Creative Cycles & Great Cycles, Sri Lanka
  • 2018:

Group Companies

Present
  • Agriculture & Chemials:
    • Associates and Subsidiaries
      • Alimtec S A
      • Coromandel International Limited
      • Parrys Sugar Industries Limited
      • Parry Sugar Refinery Pvt Ltd
      • US Nutraceuticals LLC
  • 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
    • 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
  • Parry Agro
  • Engineering :
  • 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
  • Coromandel Engineering Company Limited (CEC)
  • Finance:
  • Others:
  • Ambadi Enterprises Ltd.
    • Subsidiaries
      • Parry Murray & Co Ltd
  • Cholamandalam MS Risk Services Limited
  • Murugappa Organo Water Solutions

Previous
  • MEL Systems & Services Ltd (Murugappa Electronics)
  • LaserWords India Pvt Ltd (ePublishing)

Initiatives

References
  1. "Group Press Release For FY-2018-19" (PDF). 2 July 2019.
  2. "Forbes India's Richest". 29 September 2010.
  3. "Murugappa group posts 18% growth in its profit to Rs 2,880 crore". 2 July 2019.
  4. Raghunathan, Anuradha. "Forbes article on Murugappa Group".
  5. Chandrashekhar, Anandi (5 February 2018). "Murugappa Group appoints MM Murugappan as executive chairman". The Economic Times. Retrieved 26 March 2018.
  6. "Conglomerates in India | Murugappa Group | Business Groups". 14 October 2015. Retrieved 2 June 2019.
  7. "Murugappa Group History".
  8. Ramaswamy, Vijaya (2007). Historical dictionary of the Tamils. Lanham, Md. : Scarecrow Press. p. 153.
  9. "Photo feature: Kadamane, an enticing getaway amid lush tea gardens". The News Minute. 24 February 2018. Retrieved 26 March 2018.
  10. Narasimhan, T. E. (3 January 2018). "Murugappa steps on the gas". Business Standard India. Retrieved 26 March 2018.
  11. "Historique - SEDIS". Sedis.fr. Retrieved 1 December 2016.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.