Murugappa Group
 | |
| Private | |
| Industry | Conglomerate |
| Founded | 1900 |
| Headquarters | Chennai |
Key people |
M.M. Murugappan (Executive Chairman) M.V. Subbiah |
| Products | Cycles, general insurance, Fertilizers, Abrasives, Automotive chains, Car door frames, Steel tubes & Gearboxes. |
| Revenue |
 |
| Total equity | ₹787.65 billion (US$11 billion) |
Number of employees | 35,000 |
| Parent | Murugappa Holdings Limited,[1] New Ambadi Estates Private Limited, Ambadi Enterprises Private Limited |
| Website | www.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].
History
1901–1910
1921–1930
- In the 1930s the business was moved back to India.
1941–1950
- 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
- 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[9]
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)
- 1990: Tube Investments of India Limited Acquired Press Metal
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
- 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 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[10]
- 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 [11]
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 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
Initiatives
References
- ↑ "Forbes India's Richest". 29 September 2010.
- ↑ "The Economist: A rare south Indian business house does things the difficult way". 1 June 2013.
- ↑ Raghunathan, Anuradha. "Forbes article on Murugappa Group".
- ↑ "How Gen 5 is reimagining the 117-year-old Murugappa Group". www.businesstoday.in. Retrieved 2018-03-26.
- ↑ Chandrashekhar, Anandi (2018-02-05). "Murugappa Group appoints MM Murugappan as executive chairman". The Economic Times. Retrieved 2018-03-26.
- ↑ "Murugappa Group clocks best ever performance in 2016-17". The Economic Times. 2017-05-19. Retrieved 2018-03-26.
- ↑ "Conglomerates in India | Murugappa Group | Business Groups". 2015-10-14. Retrieved 2018-03-26.
- ↑ "Murugappa Group History".
- ↑ "Photo feature: Kadamane, an enticing getaway amid lush tea gardens". The News Minute. 2018-02-24. Retrieved 2018-03-26.
- ↑ Narasimhan, T. E. (2018-01-03). "Murugappa steps on the gas". Business Standard India. Retrieved 2018-03-26.
- ↑ "Historique - SEDIS". Sedis.fr. Retrieved 2016-12-01.
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