Murugappa Group

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Murugappa Group
Company type Private
Industry Conglomerate
Founded1900;124 years ago (1900)
FounderDewan Bahadur A. M. Murugappa Chettiar
Headquarters Chennai, Tamil Nadu, India
Key people
M. M. Murugappan (Executive Chairman)
M.V. Subbiah
Products Agriculture
Engineering
Financial services
RevenueIncrease2.svg74,220 crore (US$9.3 billion) (FY23) [1]
Increase2.svg10,424 crore (US$1.3 billion) (FY23) [1]
Increase2.svg6,846 crore (US$860 million) (FY23) [1]
Number of employees
60,000 (2023)
Parent Murugappa Holdings [2]
Subsidiaries Carborundum 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
CG Power and Industrial Solutions
Website murugappa.com

Murugappa Group is an Indian conglomerate founded in 1900 by A. M. Murugappa Chettiar. [3] [4] The Group has 29 businesses including 10 companies listed on the NSE and the BSE. [5] [1] Headquartered in Chennai, the major companies of the Group include Carborundum 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), and CG Power and Industrial Solutions.

Contents

The Group has presence in several segments including abrasives, auto components, bicycles, sugar, farm inputs, fertilisers, plantations, bioproducts and nutraceuticals. 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

Murugappa Chettiar Family

  • Dewan Bahadur A. M. Murugappa Chettiar

Group - Chairman(Murugappa Family)

  • Dewan Bahadur A. M. Murugappa Chettiar
  • Past Chairman:
  • Present Chairman:
dissolved

History

1901–1910

1921–1930

1941–1950

1951–1960

1961–1970

1971–1980

1981–1990

  • 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

  • TIDC India acquired Satavahana Chains [11]
  • EID Parry merged Murugappa Electronics Limited with itself as Murugappa Industrial & Technical Services [Division]
  • 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 the electronics business after EID Parry divested MEL Systems and Services Electronics Limited

2011–2020

October: Tube Investments of India Limited set up a plant for Large Diameter Tubes
  • August: TI Cycles of India acquired the Brand Licensing Rights for Ridley Bikes, Belgium
  • 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
  • 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 the signing of an agreement for the acquisition of controlling stake in Creative Cycles & Great Cycles, Sri Lanka

Group companies

Present

    • 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
  • 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)
  • Ambadi Enterprises Ltd.
    • Subsidiaries
      • Parry Murray & Co Ltd
  • Cholamandalam MS Risk Services Limited
  • Murugappa Water Technology & Solutions

Previous

Initiatives

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References

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