Chettinad Group
Chettinad Group is an Indian business conglomerate headquartered in Chennai. It was founded as the Annaamalai Chettiar Group by Annamalai Chettiar.
History
The Chettinad Group was founded in January 1912 by Raja Sir Annamalai Chettiar, who was part of the Nagarathar community in Tamil Nadu. In July 1962, the Chettinad Group expanded into the cement sector and launched Chettinad Cement. In December 1984, after the death of M.A.Muthiah Chettiar, leadership passed to his son, M.A.M. Ramaswamy Chettiar, who became the group's head. After the death of Ramaswamy Chettiar, leadership passed to his adopted son M.A.M.R.Muthiah, who became the group's head in 2015.March 2011, Ennore Port entered into a license agreement with Chettinad Group through a special purpose vehicle, Chettinad International Coal Terminal, for a build-operate-transfer scheme.
From January 2012 to 2013 Chettinad Cement Corporation partnered with its associate company, Chettinad Power Corporation, to fund a thermal power project in Tamil Nadu. Chettinad Cement invested around ₹1,300 crore in equity.
In 2013 Chettinad Group partnered with private firms such as Breeze Enterprises, Mintra, Trans Earth Logistics, and Fossil Logistics, for logistics and coal movement.
In 2020 November JSW Infrastructure acquired Chettinad Group’s port assets.
In August 2015, the Income Tax Department conducted extensive raids on properties linked to the Chettinad Group, reportedly uncovering unaccounted income of over ₹300 crore, which included large caches of cash and jewellery. These raids were part of a larger crackdown on alleged financial irregularities within the group.