Murugappa Group

Overview

Murugappa Group

type	Private
foundation	1900
founder	A.M.Murugappa Chettiar
location	Chennai, Tamil Nadu, India
parent	Murugappa Holdings‡R1R‡
key people	M. M. Murugappan (Executive Chairman) M.V. Subbiah
industry	Conglomerate
products	Agriculture Engineering Financial services
operating income	inr 104240000000 (FY23)‡R2R‡
profit	inr 68460000000 (FY23)‡R2R‡
equity	inr 850000000000 (FY24)‡R3R‡
num employees	73000 (2024)
subsid	Carborundum 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
homepage	murugappa.com

Murugappa Group is an Indian conglomerate founded in 1900 by A. M. Murugappa Chettiar.[4][5] The Group has 29 businesses including 10 companies listed on the NSE and the BSE.[6][2] 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,

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.[9]
The business was first up in Moulmein, Burma (now Myanmar)[10] and then spread to British Malaya, Ceylon, Dutch East Indies and French Indo-China.

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 the (present day the TI Group)

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

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:
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[12]
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

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