Murugappa Group

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.

Murugappa Group
Company typePrivate
IndustryConglomerate
Founded1900 (1900)
FounderDewan Bahadur A. M. Murugappa Chettiar
HeadquartersChennai, Tamil Nadu, India
Key people
M. M. Murugappan (Executive Chairman)
M.V. Subbiah
ProductsAgriculture
Engineering
Financial services
RevenueIncrease ₹74,220 crore (US$9.3 billion) (FY23)[1]
Increase ₹10,424 crore (US$1.3 billion) (FY23)[1]
Increase ₹6,846 crore (US$860 million) (FY23)[1]
Number of employees
60,000 (2023)
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
CG Power and Industrial Solutions
Websitemurugappa.com

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
  • 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)
  • 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

1901–1910

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

1941–1950

1951–1960
  • 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
  • 1965: Established TI Metal Forming
  • 1968: Purchased Kadamane Estates[10]

1971–1980
  • 1978: Carborundum Universal Ltd acquired Eastern Abrasives Limited

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:
  • 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
  • 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
  • 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:

Group companies

Present
  • Agriculture & Chemicals:
    • 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 Water Technology & Solutions

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

Initiatives
  • The Madras Song

References
  1. Balachandar, G. (3 July 2023). "Murugappa Group posts strong double-digit growth in revenue and PAT in FY23". BusinessLine. Retrieved 21 March 2024.
  2. "Forbes India's Richest". 29 September 2010. Archived from the original on 5 October 2010.
  3. Raghunathan, Anuradha. "Forbes article on Murugappa Group".
  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.
  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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