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	[[Category:Avantha Group]]		[[Category:Avantha Group]]
	[[Category:Indian companies established in 1878]]		[[Category:Indian companies established in 1878]]
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			[[Category:Companies listed on the Bombay Stock Exchange]]

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{{short description|Indian power and industrial solutions company}}
{{Use British English|date=March 2013}}
{{Use dmy dates|date=March 2013}}
{{multiple issues|
{{more citations needed|date=January 2016}}
{{expert needed|1=Companies|date=January 2016}}
}}
{{Infobox company
| name = CG Power and Industrial Solutions Limited
| logo = Crompton Greaves Logo.svg
| logo_size = 150px
| type = [[Public Company|Public]]
| traded_as = {{BSE|500093}}<br />{{NSE|CGPOWER}}
| foundation = 1878
| location_city = [[Mumbai]]
| location_country = [[India]]
| key_people =
| founders = [[R. E. B. Crompton]] <br /> James Greaves
| industry = Electrical|
| parent = [[Murugappa Group]]
| products = Transformers, pump, HT & LT Motors, DC Motors, Railway Signaling|
| revenue = {{INRConvert|140.13|b}} (2015) <ref>http://www.cgglobal.com/pdfs/Aud-FinRes-consolidated_1415.pdf</ref>
| homepage = [http://www.cgglobal.com/ www.cgglobal.com]
}}
'''CG Power and Industrial Solutions Limited''', previously known as '''Crompton Greaves Limited''', is an [[India]]n multinational company engaged in design, manufacturing, and marketing of products related to power generation, transmission, and distribution. It is based in [[Mumbai]] and a part of the [[Murugappa Group]].<ref>{{Cite web|last=Ahaskar|first=Abhijit|date=2020-08-08|title=Murugappa Group led Tube Investments to acquire 56% stake in CG Power|url=https://www.livemint.com/companies/news/murugappa-group-led-tube-investments-to-acquire-56-stake-in-cg-power-for-rs-700-crore-11596870980735.html|access-date=2020-09-16|website=mint|language=en}}</ref> The company was restructured in 2016 following the demerger of its [[Crompton Greaves|consumer goods business]].<ref>{{cite news |title=Crompton Greaves Shares Tank 74% Ex-Demerger |url=https://www.ndtv.com/business/crompton-greaves-shares-tank-73-ex-demerger-1287253 |accessdate=10 November 2020 |work=NDTV.com}}</ref>

== History ==
Col. [[R. E. B. Crompton]] founded R.E.B. Crompton & Company in 1878. The company was merged with F.A. Parkinson in 1927 to form [[Crompton Parkinson]] Ltd. [[Greaves Cotton]] and Company, established by James Greaves in 1859, was appointed as their concessionaire in India.<ref>{{Cite journal|last=HERMON‐TAYLOR|first=CG|date=January 1975|title=A company view|url=http://dx.doi.org/10.1108/eb003440|journal=Industrial and Commercial Training|volume=7|issue=1|pages=11–13|doi=10.1108/eb003440|issn=0019-7858}}</ref>

The company was incorporated in 28 April 1937 as Crompton Parkinson Works Private Ltd. In 1947, it was acquired by [[Karam Chand Thapar]] of [[Thapar Group]]. The company went public in 1960 and changed its name to Crompton Greaves Limited in 1966.<ref>{{cite news |title=Crompton Greaves seeks shareholders nod to change name |url=https://www.livemint.com/Companies/ForFQuyiGVzSOn14ak27AO/Crompton-Greaves-seek-shareholders-nod-to-change-name.html |accessdate=10 November 2020 |work=mint |date=23 December 2016 |language=en}}</ref><ref>{{cite news |title=70 companies with pre-1947 roots |url=https://www.livemint.com/Companies/IvqNiC0KHlZg9ZOXhFbe4O/70-companies-with-pre1947-roots.html |accessdate=10 November 2020 |work=mint |date=17 August 2017 |language=en}}</ref>

In July 2014, Crompton Greaves Limited announced plans to demerge the company in order to separate its consumer goods business from the power and industrial systems segment.<ref>{{cite news |last1=Merchant |first1=Krishna |title=Crompton Greaves shares discount value unlocking from demerger |url=https://www.livemint.com/Money/reJo8elFAHefGveULo7fnL/Crompton-Greaves-shares-discount-value-unlocking-from-demerg.html |accessdate=10 November 2020 |work=mint |date=20 July 2014 |language=en}}</ref><ref>{{cite news |last1=Kamat |first1=Vatsala |title=Crompton Greaves improves demerger plan of consumer goods business |url=https://www.livemint.com/Money/ZfQrFG82FvBIVYoe4oeTrM/Crompton-Greaves-improves-demerger-plan-of-consumer-goods-bu.html |accessdate=10 November 2020 |work=mint |date=24 March 2015 |language=en}}</ref> The demerger was completed in 2016 with the listing of Crompton Greaves Consumer Electricals (CGCEL) and [[Gautam Thapar]] selling his 34% stake in CGCEL to [[Advent International]] and [[Temasek Holdings]] for {{INR}}2000 crore.<ref>{{cite news |title=Crompton Greaves Consumer Electricals lists on bourses today, shares up |url=https://www.financialexpress.com/market/crompton-greaves-consumer-electricals-lists-on-bourses-today-shares-up/254268/ |accessdate=10 November 2020 |work=The Financial Express |date=13 May 2016}}</ref><ref>{{cite news |last1=Dubey |first1=Jyotindra |title=The downfall! How this iconic Delhi business empire went bust |url=https://economictimes.indiatimes.com/markets/stocks/news/the-downfall-how-this-iconic-delhi-business-empire-went-bust/articleshow/71575247.cms |accessdate=10 November 2020 |work=The Economic Times}}</ref>

In January 2017, Crompton Greaves changed its name from Crompton Greaves Limited to CG Power and Industrial Solutions Limited.<ref>{{cite news |title=Crompton Greaves gets shareholders' nod to change name |url=https://economictimes.indiatimes.com/industry/cons-products/electronics/crompton-greaves-gets-shareholders-nod-to-change-name/articleshow/56780514.cms |accessdate=10 November 2020 |work=The Economic Times}}</ref>

In August 2019, CG Power and Industrial Solutions reported that its employees had carried out unauthorized transactions resulting in an "understatement of the company's liabilities" by thousands of crores in the previous financial year.<ref>{{cite news |title=CG Power reports massive fraud |url=https://www.thehindubusinessline.com/companies/cg-power-reports-huge-financial-fraud/article29184226.ece |accessdate=10 November 2020 |work=Business Line |language=en}}</ref><ref>{{cite news |last1=Kamat |first1=Vatsala |title=For CG Power, the trouble started long before it reported serious lapses |url=https://www.livemint.com/market/mark-to-market/for-cg-power-stock-trouble-started-long-before-it-reported-serious-lapses-1566372469087.html |accessdate=10 November 2020 |work=mint |date=21 August 2019 |language=en}}</ref>

In September 2020, [[Murugappa Group]]'s [[Tube Investments of India Limited|Tube Investments]] acquired a 56% stake in CG Power and Industrial Solutions for {{INR}}700 crore.<ref>{{cite news |last1=Ahaskar |first1=Abhijit |title=Murugappa Group led Tube Investments to acquire 56% stake in CG Power |url=https://www.livemint.com/companies/news/murugappa-group-led-tube-investments-to-acquire-56-stake-in-cg-power-for-rs-700-crore-11596870980735.html |accessdate=10 November 2020 |work=mint |date=8 August 2020 |language=en}}</ref>

==Products & Services==
*'''MV Switchgear'''
**VCB, PCVCB, GIS & RMU<ref>http://www.cgglobal.com/frontend/Crompton.aspx?cnl1=KV1SpKMjSGM=</ref>

== Awards ==
* Received NABL Accreditation for 5 of its labs & 1 calibration lab.<ref>http://www.cgglobal.com/frontend/finalnonproduct.aspx?cnl2=3G3ss5YkJ3g=</ref>

==References==
{{reflist}}

==External links==
*[http://www.cgglobal.com/index.aspx Crompton Greaves Global]
*[https://web.archive.org/web/20160515074754/http://www.cromptonpump.com/ Crompton Pump]

{{Nifty 200 companies}}

[[Category:Companies established in 1878]]
[[Category:Companies based in Mumbai]]
[[Category:Electrical engineering companies of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Avantha Group]]
[[Category:Indian companies established in 1878]]

{{India-company-stub}}

CG Power and Industrial Solutions - Revision history

Ankushraj: improve content and improved wording

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