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sanjay
{{Infobox company
{{Infobox company
| company_name = '''Murugappa''' Group
| company_name = '''Murugappa''' Group

Revision as of 13:54, 19 February 2013

sanjay

Murugappa Group
Company typePrivate
IndustryConglomerate
Founded1900
HeadquartersChennai
Key people
A. Vellayan (Executive Chairman)
ProductsCycles, general insurance, Fertilizers, Abrasives, Automotive chains, Car door frames & Steel tubes
RevenueIncreaseUSD 4.4 billion (Rs.22314 crores as on 31st March 2012)
Number of employees
32,000
ParentMurugappa Holdings Limited,[1] New Ambadi Estates Private Limited, Ambadi Enterprises Private Limited, EID Parry (India) Limited (Group Main Flagship Company)
Websitewww.murugappa.com

Founded in 1900, the Rs. 22314 Crores [2] (USD 4.4 billion) Murugappa Group[3] is one of India's leading business conglomerates. The Group has 28 businesses including eight 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.

Market leaders 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 5 continents across the globe.

Renowned brands like BSA, Hercules, Ballmaster, Ajax, Parry’s, Chola, Gromor and Paramfos are from the Murugappa stable. The organization fosters an environment of professionalism and has a workforce of over 32,000 employees.The company is sometimes referred to as "The TATA of South India", due to its very diversified products and business portfolio. It is known for its strong values and its focus on giving back to society.

History

1901 - 1910

  • 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

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

1941 - 1950

1951 - 1960

  • 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

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

1971 - 1980

  • 1978: Carborundum Universal Limited acquired Eastern Abrasives Limited

1981 - 1990

  • 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

  • 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

  • 2001:
  • 2003:

2011 - 2020

  • 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

Products Offerings

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

Murugappa Group Corporate Board [6]

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

Group Companies

Murugappa Group's Community Initiatives

  • Education
  • Health Care
  • Research and Development

References

  1. ^ "Forbes India's Richest".
  2. ^ "Economic Times Article".
  3. ^ "Forbes article on Murugappa Group".
  4. ^ "Murugappa Group History".
  5. ^ "Murugappa Group Product Offerings".
  6. ^ "Murugappa Group Board of Directors".
  7. ^ "Murugappa Group companies".

External links

Retrieved from "https://en.wikipedia.org/w/index.php?title=Murugappa_Group&oldid=539039639"