Murugappa Group

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Murugappa
Private
IndustryConglomerate
Founded1900; 119 years ago (1900)
HeadquartersChennai
Key people
M.M. Murugappan (Executive Chairman)
M.V. Subbiah
ProductsCycles, general insurance, Fertilizers, Abrasives, Automotive chains, Car door frames, Steel tubes & Gearboxes.
RevenueIncrease 386 billion (US$5.4 billion) (31st March 2018)
Total equity787.65 billion (US$11 billion)
Number of employees
35,000
ParentMurugappa Holdings Limited,[1] New Ambadi Estates Private Limited, Ambadi Enterprises Private Limited
Websitewww.murugappa.com

Founded in 1900, the INR 329 Billion [2] Murugappa Group[3] is an Indian business conglomerate, founded, managed, and largely owned by the Murugappa family[4]. The group has 28 businesses including nine listed companies traded on the National Stock Exchange of India and the Bombay Stock Exchange. Headquartered in Chennai, the major companies of the group include Carborundum Universal Ltd, Cholamandalam Investment and Finance Company, Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., EID Parry (India) Ltd., ParryAgro Industries Ltd., Tube Investments of India Limited,Wendt (India) Ltd., and Shanthi Gears Limited (Coimbatore).

The current executive chairman is MM Murugappan[5]. They have presence in several segments including abrasives, auto components, bicycles, 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 all over India and spanning 6 continents.

Renowned brands like BSA, Hercules, Montra, Mach City, Ballmaster, Ajax, Parry's, Chola, Gromor, Shanthi Gears and Paramfos are from the Murugappa stable. The Group fosters an environment of professionalism and has a workforce of over 35,000 employees.[6][7].

The Group & family[edit]

Murugappa Chettiar Family[edit]

  • Founder:
  • Dewan Bahadur A. M. Murugappa Chettiar
  • Second Generation:


Group - Chairman(Murugappa Family)[edit]

  • Founder:
  • Dewan Bahadur A. M. Murugappa Chettiar
  • Past Chairman:



  • Present Chairman:

Murugappa Group - Corporate[edit]

  • Holding Company
  • Murugappa Holdings Limited
  • New Ambadi Estates Private Limited
  • Ambadi Enterprises Private Limited


  • Corporate Body

History[edit]

1901–1910[edit]

1921–1930[edit]

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

1941–1950[edit]

1951–1960[edit]

1961–1970[edit]

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

1971–1980[edit]

1981–1990[edit]

  • 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[edit]

  • 1991:
  • 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 Ltd acquired Sterling Abrasives Limited
  • December: Murugappa Group exited from electronics business after EID Parry divested MEL Systems and Services Electronics Limited
  • 1999
  • 2003:

2011–2020[edit]

  • 2011:
  • 2013:
  • 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 signing of agreement for acquisition of controlling stake in Creative Cycles & Great Cycles, Sri Lanka
  • 2018:
  • Jan: EID Parry and Synthite Industries announce 50-50 joint venture

Group Companies[edit]

Present[edit]

  • Agriculture & Chemials:
    • Associates and Subsidiaries
      • Alimtec S A
      • Coromandel International Limited
      • Parry America Inc
      • 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
    • 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 Organo Water Solutions

Previous[edit]

  • MELS Systems & Services (Murugappa Electronics)

The Pioneer and Innovator[edit]

Family Businesses Transformation[edit]

The Murugappa Group is the first family business to be transformed into Family controled Corporate set-up in India by create Murugappa Corporate Advisory Board (www.murugappa.com/murugappa-corporate-advisory-board/)

The Generation Sustainer[edit]

The Murugappa Group is leading family business Sustainer at Fifth Generation

Initiatives[edit]

References[edit]

  1. ^ "Forbes India's Richest". 29 September 2010.
  2. ^ "The Economist: A rare south Indian business house does things the difficult way". 1 June 2013.
  3. ^ Raghunathan, Anuradha. "Forbes article on Murugappa Group".
  4. ^ "How Gen 5 is reimagining the 117-year-old Murugappa Group". www.businesstoday.in. Retrieved 2018-03-26.
  5. ^ Chandrashekhar, Anandi (2018-02-05). "Murugappa Group appoints MM Murugappan as executive chairman". The Economic Times. Retrieved 2018-03-26.
  6. ^ "Murugappa Group clocks best ever performance in 2016-17". The Economic Times. 2017-05-19. Retrieved 2018-03-26.
  7. ^ "Conglomerates in India | Murugappa Group | Business Groups". 2015-10-14. Retrieved 2018-03-26.
  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. 2018-02-24. Retrieved 2018-03-26.
  11. ^ Narasimhan, T. E. (2018-01-03). "Murugappa steps on the gas". Business Standard India. Retrieved 2018-03-26.
  12. ^ "Historique - SEDIS". Sedis.fr. Retrieved 2016-12-01.

External links[edit]