Murugappa Group
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, and CG Power and Industrial Solutions. In 2024, their net worth was estimated as ₹85,000 Crore.
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:
- Second Generation:
Group - Chairman (Murugappa Family)
- Murugappa family
- Founder:
- Past Chairman:
- Present Chairman:
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 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 in association with Tube Investments Limited, UK the
1951–1960
- 1954: Carborundum Universal of Madras India Limited 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 Limited, UK
- 1960:Tube Investments of India Limited Established TI Diamond Chains Limited in association with Diamond Chain Company
- 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:
- 1990: Tube Investments of India Limited acquired Press Metal
1991–2000
- 1991:
- 1993:
- 1994:
- 1995:
- 1999
- 2003:
- 2006: Coromandel Fertilizer acquired Ficom Organics Limited
- 2008: Carborundum Universal Ltd acquired Foskor Zirconia 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:
- 2013:
- 2014:
- 2015:
- 2016:
- 2017:
- 2018:
- 2020:
Group companies
Present
- Agriculture & Chemicals:
- Engineering:
- Finance:
- Others:
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