Murugappa Group is an Indian conglomerate founded in 1900 by A. M. Murugappa Chettiar. The Group has 29 businesses including 10 companies listed on the NSE and the BSE. 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, Tube Investments of India, Wendt (India), and CG Power and Industrial Solutions. In 2024, their net worth was estimated as ₹85,000 crore (₹, or about US$9.8 billion).
The Group has presence in several segments including abrasives, auto components, bicycles, sugar, farm inputs, fertilisers, plantations, bioproducts and nutraceuticals. It owns brands like BSA, Hercules, Montra, Montra Electric, Mach City, Ballmaster, Ajax, Parry's, Chola, Gromor, Shanthi Gears and Paramfos. The group has a workforce of over 60,000 employees. The current executive chairman is MM Murugappan.
The Group & family
Murugappa Chettiar Family
Murugappa family Founder: Dewan Bahadur A. M. Murugappa Chettiar
Second Generation: A. M. M. Murugappa Chettiar A. M. M. Vellayan Chettiar A. M. M. Arunachalam
Group - Chairman (Murugappa Family)
Murugappa family Founder: Dewan Bahadur A. M. Murugappa Chettiar
Past Chairman: A. M. M. Murugappa Chettiar A. M. M. Arunachalam M. M. Muthaiah M. V. Arunachalam M. V. Murugappan M. V. Subbiah M. A. Alagappan A. Vellayan
Present Chairman: dissolved
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. The business was first up in Moulmein, Burma (now Myanmar) and then spread to British Malaya, Ceylon, Dutch East Indies and French Indo-China.
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 the (present day the TI 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
1971–1980 2030: 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 the 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 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
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 the signing of an agreement for the acquisition of controlling stake in Creative Cycles & Great Cycles, Sri Lanka 2018:
Jan: EID Parry and Synthite Industries announce 50-50 joint venture April: Coromandel International acquires bio-pesticide business of EID Parry (India) Tube Investments of India Limited Launch a building construction material TI Macho TMT introduced in 27 November
2020: November - Murugappa acquires 56% stake in CG Power and Industrial Solutions
Group companies
Present
Agriculture & Chemicals: EID Parry
Associates and subsidiaries Alimtec S A Coromandel International Limited 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 Parry America Inc Coromandel International (Nigeria) Limited
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:
Tube Investments of India Limited Associates and subsidiaries CG Power and Industrial Solutions Sedis TI Clean Mobility (Montra Electric) Shanthi Gears TI Tsubamex Pvt Ltd TI medical Pvt Ltd.
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: Cholamandalam Investment and Finance Company Subsidiaries Cholamandalam Securities Limited Cholamandalam Home Finance Limited Cholamandalam MS General Insurance
Others: Ambadi Enterprises Ltd. Subsidiaries Parry Murray & Co Ltd Cholamandalam MS Risk Services Limited Murugappa Water Technology & Solutions
Previous
MEL Systems & Services Ltd (Murugappa Electronics) LaserWords India Pvt Ltd (ePublishing)
Initiatives The Madras Song
References
External links