Murugappa Group

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Murugappa
Type Private
Industry Conglomerate
Founded 1900
Headquarters Chennai
Key people A. Vellayan (Executive Chairman)
M.V. Subbiah
Products Cycles, general insurance, Fertilizers, Abrasives, Automotive chains, Car door frames & Steel tubes
Revenue IncreaseUS$ 4.1  billion (2014) (as on 31st March 2014)
Employees 32,000
Parent Murugappa Holdings Limited,[1] New Ambadi Estates Private Limited, Ambadi Enterprises Private Limited, EID Parry (India) Limited (Group Main Flagship Company)
Website www.murugappa.com

Founded in 1900, the [2] Murugappa Group[3] is one of India's leading business conglomerates, founded, managed, and largely owned by the Murugappa family. The group has 28 businesses including eleven listed companies actively traded in NSE & BSE. Headquartered in Chennai, the major companies of the group include Carborundum Universal 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., Tube Investments of India Limited, and Wendt (India) Ltd.

Active in several segments including Abrasives, Auto Components, Cycles, 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 spanning 13 states in India and five continents around across the globe.

Brands like BSA, Hercules, Ballmaster, Ajax, Parry’s, Chola, Gromor and Paramfos are from the Murugappa stable. The organization has a workforce of over 32,000 employees.

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.[4]
  • The business was first set up in Burma (now Myanmar) and then spread to Malaysia, Sri Lanka, Indonesia and Vietnam.

1921 - 1930[edit]

  • In the 1930s the business was moved back to India to start all over again from the scratch.

1941 - 1950[edit]

1951 - 1960[edit]

  • 1954: Carborundum Universal of Madras India Limited (present day Carborundum Universal Limited) 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:

1961 - 1970[edit]

  • 1965: Established TI Metal Forming
  • 1968: Purchased Kadamane Estates

1971 - 1980[edit]

  • 1978: Carborundum Universal Limited acquired Eastern Abrasives Limited

1981 - 1990[edit]

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

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 Limited
  • 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 Limited acquired Sterling Abrasives Limited
  • December: Murugappa Group exited from electronics business after EID Parry divested MEL Systems and Services Electronics Limited
  • 1999

2001 - 2010[edit]

  • 2001:
  • 2003:

2011 - 2020[edit]

  • 2011:
  • October: EID Parry (India) Limited, completed the acquisition of U. S. Nutraceuticals LLC (Valensa International), a Company based in Florida, USA
  • December: Coromandel International Limited completed the acquisition of Sabero Organics, a leading player in crop protection products
  • 2013:
  • January: Coromandel International Limited Acquires Liberty phosphates, India's leading single super phosphate producer

Products Offerings[edit]

The Murugappa Group has diverse interests in engineering, precision tools, finance, agro products, and biotechnology. The Group's products are primarily divided into the following sectors [5]

  • Agriculture and Farm Inputs (Fertilisers, Pesticides, Plantations, Sugar and Bio-Products, Nutraceuticals)
  • Engineering (Tubes, Chains and Metal forms, Material Sciences)
  • Consumer Durables (Bicycles, Fitness equipment)
  • Services (Financial services, Insurance services, IT, Travel)

Board of Directors[edit]

Murugappa Group Corporate Board [6]

  • A. Vellayan – Executive Chairman
  • M M Murugappan – Vice Chairman
  • N Srinivasan – Director, Finance
  • Venkatraman Thygarajan – Non Executive External Director
  • Deepak Satwalekar - Non Executive External Director
  • Sridar Iyengar - Non Executive External Director

Group Promoters Holding Organization[edit]

  • Murugappa & Sons
  • Murugappa Holdings Limited
  • New Ambadi Estates Private Limited
  • Ambadi Enterprises Limited
  • Dare Investments Limited
  • Udevar Property Development Co. Pvt. Ltd.
  • A M M Vellayan Sons Private Limited
  • MM Muthiah Sons Private Limited
  • M A Murugappan Holdings Pvt Ltd.,
  • AMM Foundation,
  • Murugappa Educational and Medical Foundation,
  • M M Muthiah Research Foundation
  • AR Lakshmi Achi Trust
  • M V Seetha Subbiah Benefit Trust,
  • Valli Subbiah Benefit Trust,
  • AR Lakshmi Achi Trust

Group Companies[edit]

References[edit]

External links[edit]