Murugappa Group

Murugappa Group
	Corporate office of Murugappa Group
Company type	Private
Industry	Conglomerate
Founded	1900; 124 years ago
Founder	Dewan 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
Revenue	₹74,220 crore (US$9.3 billion) (FY23)
Operating income	₹10,424 crore (US$1.3 billion) (FY23)
Net income	₹6,846 crore (US$860 million) (FY23)
Number of employees	60,000 (2023)
Parent	Murugappa Holdings
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.

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 edit

Murugappa 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 edit

1901–1910 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 set up in Moulmein, Burma (now Myanmar)^[9] and then spread to British Malaya, Ceylon, Dutch East Indies and French Indo-China.

1921–1930 edit

In the 1930s the business was moved back to India.

1941–1950 edit

1947: Established Coromandel Engineering Company Limited
1949: Established TI Cycles of India Limited (present day Tube 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 day Carborundum Universal Ltd) was established in Madras, 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 Limited Established Tube Products of India Limited in association with Tube Products (Old Bury) Limited, UK
1960:Tube Investments of India Limited Established TI Diamond Chains Limited in association with Diamond Chain Company( USA)
1960: Tube Investments of India Limited Established 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 Ltd acquired Eastern Abrasives Limited

1981–1990 edit

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)

1990: Tube Investments of India Limited Acquired Press Metal

1991–2000 edit

1991:

The House of Khataus Group divested its share in Wendt (India) Limited (WIL) to Carborundum Universal Ltd (CUMI)
Prodorite Anticorrosives Limited becomes a subsidiary of Carborundum Universal Ltd

1993:

TIDC India acquired Satavahana Chains^[11]
EID Parry merged Murugappa Electronics Limited with itself as Murugappa Industrial & Technical Services [Division]

1994:

Chevron Corporation Group California Chemical Company (now called Chevron Chemical Company) divested its share in Coromandel International to EID Parry
Carborundum Universal Ltd acquired Cutfast Abrasive Tools Limited and Cutfast Polymers Limited

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 the electronics business after EID Parry divested MEL Systems and Services Electronics Limited

1999

Tube Products of India acquired Steel Strips And Tubes Limited
International Minerals and Chemical Corporation (IMC) divested its share in Coromandel International to EID Parry. Following this sale Coromandel Fertilisers Limited (present day Coromandel International) became a Group company.
November: Murugappa Corporate Board formed
Tube Investments of India Limited acquired Cholamandalam Investment and Finance Company Limited^[12]
Established Cholamandalam MS General Insurance Company Ltd

2003:

July: Government of Andhra Pradesh divested its share in Godavari Fertilizers & Chemicals Limited to Coromandel International
November: Indian Farmers Fertiliser Cooperative Limited (IFFCO) divested its share in Godavari Fertilizers & Chemicals Limited to Coromandel 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 day Coromandel International) acquired Ficom Organics Limited
2008: Carborundum Universal Ltd (CUMI) acquired Foskor Zirconia (Pty) Limited
2009: Coromandel Fertilizer changed to its present name Coromandel International with new logo
2010: Tube Investments of India Limited acquired Sedis Chain France ^[13]

2011–2020 edit

2011:

October: EID Parry acquired U. S. Nutraceuticals LLC (Valensa International), a Company based in Florida, USA
December: Coromandel International acquired Sabero Organics, a leading player in crop protection products

2013:

January: Coromandel International acquired Liberty phosphates, India's leading single super phosphate producer

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 the signing of an agreement for the acquisition of controlling stake in Creative Cycles & Great Cycles, Sri Lanka

2018:

Jan: EID Parry and Synthite Industries announce 50-50 joint venture
April: Coromandel International acquires bio-pesticide business of EID Parry (India)
Tube Investments of India Limited Launch a building construction material TI Macho TMT introduced in 27 November

2020:

November - Murugappa acquires 56% stake in CG Power and Industrial Solutions

Group companies edit

Present edit

Agriculture & Chemicals:

EID Parry

- 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 :

Tube Investments of India Limited
- Associates and subsidiaries
  - CG Power and Industrial Solutions^[14]
  - Sedis
  - Shanthi Gears
  - TI Tsubamex Pvt Ltd

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:

Cholamandalam Investment and Finance Company
- Subsidiaries
  - Cholamandalam Securities Limited
  - Cholamandalam Home Finance Limited
Cholamandalam MS General Insurance

Others:

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

Previous edit

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

Initiatives edit

The Madras Song

References edit

^ ^a ^b ^c ^d Balachandar, G. (3 July 2023). "Murugappa Group posts strong double-digit growth in revenue and PAT in FY23". BusinessLine. Retrieved 21 March 2024.
^ "Forbes India's Richest". 29 September 2010. Archived from the original on 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. Retrieved 2 June 2019.
^ Chandrashekhar, Anandi (5 February 2018). "Murugappa Group appoints MM Murugappan as executive chairman". The Economic Times. Retrieved 26 March 2018.
^ "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. Retrieved 26 March 2018.
^ "Equity research on tube investment of india ltd". Scribd.com. Retrieved 13 May 2022.
^ Narasimhan, T. E. (3 January 2018). "Murugappa steps on the gas". Business Standard India. Retrieved 26 March 2018.
^ "Historique - SEDIS". Sedis.fr. Retrieved 1 December 2016.
^ "Tube Investments takes over majority stake in CG Power, holds 50.62% equity". The Economic Times. 26 November 2020. Retrieved 7 February 2023.

External links edit

Official Website of Murugappa Group

[fy23-1] Balachandar, G. (3 July 2023). "Murugappa Group posts strong double-digit growth in revenue and PAT in FY23". BusinessLine. Retrieved 21 March 2024.

[A9-2] "Forbes India's Richest". 29 September 2010. Archived from the original on 5 October 2010.

[A2-3] Raghunathan, Anuradha. "Forbes article on Murugappa Group".

[A1-4] "Murugappa group posts 18% growth in its profit to Rs 2,880 crore". 2 July 2019.

[5] "Forbes India's Richest 2023".

[6] "Conglomerates in India | Murugappa Group | Business Groups". 14 October 2015. Retrieved 2 June 2019.

[7] Chandrashekhar, Anandi (5 February 2018). "Murugappa Group appoints MM Murugappan as executive chairman". The Economic Times. Retrieved 26 March 2018.

[A4-8] "Murugappa Group History".

[9] Ramaswamy, Vijaya (2007). Historical dictionary of the Tamils. Lanham, Md. : Scarecrow Press. p. 153.

[10] "Photo feature: Kadamane, an enticing getaway amid lush tea gardens". The News Minute. 24 February 2018. Retrieved 26 March 2018.

[11] "Equity research on tube investment of india ltd". Scribd.com. Retrieved 13 May 2022.

[12] Narasimhan, T. E. (3 January 2018). "Murugappa steps on the gas". Business Standard India. Retrieved 26 March 2018.

[13] "Historique - SEDIS". Sedis.fr. Retrieved 1 December 2016.

[14] "Tube Investments takes over majority stake in CG Power, holds 50.62% equity". The Economic Times. 26 November 2020. Retrieved 7 February 2023.

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