Established in the year 1900, the Murugappa Group stands as a distinguished Indian conglomerate with a diverse portfolio of 28+ businesses, some of which are publicly listed. This conglomerate holds a commanding presence across multiple industry segments, encompassing abrasives, auto components, bicycles, sugar, cycles, transmission systems, farm inputs, fertilizers, plantations, bioproducts, and nutraceuticals. What sets the Murugappa Group apart is its extensive geographical footprint, extending across the length and breadth of India and reaching far and wide to span six continents. (Feature image reference, https://companies.naukri.com/murugappagroupnew-jobs/about-us/ )
Do not miss out on my previous two blogs with the list of 250+ companies in Tamil Nadu and about the TVS Group.
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Overview of the Murugappa Group
Their Journey
- 1900: The foundation for this group was laid by Dewan Bahadur A M Murugappa Chettiar who established a money-lending and banking business
- 1930: Initially the business was run in Burma (now Myanmar), Ceylon (now Sri Lanka). However, in 1930s, the business moved to India. This was a pivotal shift to bring the business back to the Indian subcontinent.
- 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 day 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
- 1978: Tube Investments of India Limited acquired Cholamandalam Investment and Finance Company Limited. This strategic acquisition expanded the group’s presence in the financial services sector.
- 1981: Murugappa Group Took over EID Parry. This strategic move expanded the group’s footprint in agribusiness and sugar production.
- 2020: Murugappa acquires controlling stakes in CG Power and Industrial Solutions
Note:
- The above is only a few of the key milestones in the journey of the company as in https://en.wikipedia.org/wiki/Murugappa_Group
- If you wish to read the complete journey, do check the link https://tiindia.com/milestones/ from the website of Tube Investments of India Limited
Family Tree
The Murugappa Group’s inception traces back to its first-generation founder, Dewan Bahadur A. M. Murugappa Chettiar. Today, the reins of leadership are firmly held by the fourth and fifth generations of the family. For a comprehensive view of the family tree and additional details regarding other members of the group, you can refer the page https://blog.entitree.com/family-tree-of-dewan-bahadur-a-m-murugappa-chettiar/. (The below image is also sourced from this site)
Murugappa Group Holding Structure
Ambadi Investments serves as the Holding company for most of the listed companies of the group. Below is the holding structure of different companies. Apart from the below, different family members and unlisted companies of the Murugappa group hold small stakes in different companies in the capacity of a promoter.
Listed Companies of Murugappa Group
The group has 28+ companies. We will discuss only the listed entities. The list below is in no particular order.
Shanthi Gears Limited
Sector: Manufacturing
Overview: The company engages in designing, manufacturing, supplying, and servicing gears, gearboxes, and power transmission products. In 2012, Tube Investments of India, the promoter entity, acquired Shanthi Gears.
Tube Investments of India Limited
Sector: Engineering
Overview: As a prominent Indian manufacturer, it specializes in an extensive array of products catering to key industries, including Automotive, Railway, Construction, Mining, Agriculture, and more. The company operates within three primary verticals: Engineering, Metal Formed Products, and Bicycles. Aligning with its growth objectives, the company has ventured into the TMT bars and Truck Body Building business, with additional exploration of prospects in optic lens and vision systems for the automotive sector.
Wendt India
Sector: Abrasives and Tooling
Overview: Wendt is a top manufacturer specializing in Super Abrasives, Machining Tools, and Precision Components. It is the preferred supplier for numerous customers in the automotive, auto component, engineering, aerospace, defense, and ceramics industries, providing them with cutting-edge Super Abrasive Tooling solutions, Grinding & Honing Machines, and Precision components.
Carborundum Universal
Sector: Abrasives and Industrial Ceramics
Overview: Carborundum Universal, a global player in abrasives, ceramics, refractories, and electro-minerals, produces a diverse range of products utilized in industries such as automotive, construction, and manufacturing.
Cholamandalam Investment & Finance Company
Sector: Financial Services / NBFC
Overview: The company is one of the premier diversified non-banking finance companies in India, engaged in providing vehicle finance, home loans and Loan against property.
Cholamandalam Financial Holdings Limited
Sector: Financial Services
Overview: Founded in 1978, the company operates as a Core Investment Company authorized by the RBI. Through its group entities, it provides an extensive array of financial products and risk management services to both individual and corporate clients. It maintains a robust footprint in the southern regions of India.
CG Power & Industrial Solutions
Sector: Power
Overview: Founded in 1937 as Crompton Greaves, CG Power, now part of the Murugappa Group since 2020, boasts a rich history. It stands as a global enterprise that delivers comprehensive solutions to utilities, industries, and consumers for the efficient and sustainable management and application of electrical energy. The company operates in two primary business segments: Power Systems and Industrial Systems, offering a wide range of products, services, and solutions.
Coromandel International
Sector: Fertilizer and Agriculture
Overview: Founded in 1961, Coromandel International boasts a six-decade history. It stands as one of India’s foremost agri-solution providers, offering a diverse array of products and services across the entire farming value chain. The company specializes in fertilizers, crop proteins, bio-pesticides, specialty nutrients, organic fertilizers, and more.
Coromandel Engineering
Sector: Realty / Construction
Overview: Established in 1947, this company embodies a rich heritage of over seven decades. Specializing in engineering and industrial solutions, it has contributed significantly to the nation’s infrastructure development. Coromandel Engineering’s diversified portfolio encompasses projects across sectors such as construction, power, infrastructure, and manufacturing.
EID Parry
Sector: Sugar, Nutraceuticals, and Biopesticides
Overview: EID Parry, one of the oldest business entities in the Indian subcontinent, was established by Thomas Parry, a Welshman who arrived in India in the late 1780s. The Murugappa Group took over EID Parry in 1981 from financial & public institutions such as Life Insurance Corporation Of India, United Assurance Co, and Unit Trust of India. The company operates in the sugar, nutraceuticals, and biopesticides segments, manufacturing products such as sugar, bio-products, and healthcare ingredients.
Conclusion
The Murugappa Group’s legacy dates back to 1900. The group has evolved into a dynamic Indian conglomerate with a diverse portfolio spanning 28 businesses across multiple sectors. Presently it is run by the fourth and fifth-generation founders.
In the next blog, I will discuss the Lakshmi Group from Coimbatore.
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Great to have the detailed analysis
Wonderful information
The content is very good
Good informative
A very distinguished group the nation should be proud of