Murugappa Group - Revision history

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Group - Chairman(Murugappa Family)

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{{Use dmy dates|date=January 2015}}
{{Use Indian English|date=January 2015}}
{{Infobox company
| name = '''Murugappa'''
| logo = Murugappa Group Logo.svg
| logo_size = 180px
| image = Dare House,Chennai.jpg
| image_size = 280px
| image_caption = Corporate office of Murugappa Group
| type = [[Private company|Private]]
| foundation = {{start date and age|1900}}
| location = [[Chennai]], [[Tamil Nadu]], India
| parent = Murugappa Holdings<ref name="A9">{{cite news |title=Forbes India's Richest|url= https://www.forbes.com/lists/2010/77/india-rich-10_Murugappa-Family_D51V.html | date=29 September 2010}}</ref>
| key_people = [[M. M. Murugappan]] (Executive Chairman) [[M.V. Subbiah]]
| industry = [[Conglomerate (company)|Conglomerate]]
| products = [[Agriculture]] [[Engineering]] [[Financial services]]
| revenue = {{profit}} {{INRConvert|381|b}} (2020)<ref name="A3">{{cite news |title=Group Press Release For FY-2018-19 | url= https://www.murugappa.com/wp-content/uploads/2019/05/Group-Press-Release-FY-2018-19_for-web.pdf | date=2 July 2019}}</ref>
| num_employees = {{increase}} 51,000 (2020)
| subsid = [[Carborundum Universal Ltd]] Cholamandalam Financial Holdings Ltd [[Cholamandalam Investment and Finance Company]] [[Cholamandalam MS General Insurance]] [[Coromandel International]] Ltd. Coromandel Engineering Company Ltd [[EID Parry]] Parry Agro Industries Ltd. Shanthi Gears Ltd [[Tube Investments of India Limited]] Net Access India Ltd and Wendt (India) Ltd [[CG Power and Industrial Solutions]] 
| homepage = {{URL|https://www.murugappa.com/}}
}}
'''Murugappa Group''' is an Indian conglomerate founded in 1900.<ref name="A2">{{cite news |title=Forbes article on Murugappa Group|url= https://www.forbes.com/global/2011/1107/india-billionaires-11-murugappa-vellayan-old-bold-raghunathan.html | first=Anuradha | last=Raghunathan}}</ref><ref name="A1">{{cite news |title=Murugappa group posts 18% growth in its profit to Rs 2,880 crore|url= https://www.financialexpress.com/industry/murugappa-group-posts-18-growth-in-its-profit-to-rs-2880-crore/1579478/ | date=2019-07-02}}</ref> The Group has 28 businesses including nine companies listed on NSE and BSE. Headquartered in Chennai, the major companies of the Group include [[Carborundum Universal Ltd]]., Cholamandalam Financial Holdings Ltd., [[Cholamandalam Investment and Finance Company]] Ltd., [[Cholamandalam MS General Insurance]] Company Ltd., [[Coromandel International]] Ltd., Coromandel Engineering Company Ltd., [[EID Parry]] (India) Ltd., Parry Agro Industries Ltd., Shanthi Gears Ltd., [[Tube Investments of India Limited]]., Net Access India Ltd and Wendt (India) Ltd.

The Group has presence in several segments including [[abrasives]], auto components, [[bicycle]]s, [[sugar]], farm inputs, [[fertilizer]]s, [[plantation]]s, [[bioproducts]] and [[nutraceutical]]s. It owns brands like BSA, Hercules, Montra, Mach City, Ballmaster, Ajax, Parry's, Chola, Gromor, Shanthi Gears and Paramfos. The Group has a workforce of over 50,000 employees.<ref>{{Cite news|url=https://www.murugappa.com/about-us/|title=Conglomerates in India {{!}} Murugappa Group {{!}} Business Groups|date=2015-10-14|access-date=2019-06-02|language=en-US}}</ref> The current executive chairman is MM Murugappan.<ref>{{Cite news|url=https://economictimes.indiatimes.com/industry/banking/finance/murugappa-group-appoints-mm-murugappan-as-executive-chairman/articleshow/62792748.cms|title=Murugappa Group appoints MM Murugappan as executive chairman|last=Chandrashekhar|first=Anandi|date=2018-02-05|work=The Economic Times|access-date=2018-03-26}}</ref>

==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. M. Murugappa Chettiar|A M Murugappa Chettiar]] who established a money-lending and banking business in 1900.<ref name="A4">{{cite web |title=Murugappa Group History|url= http://www.murugappa.com/corporate/group_profile.htm}}</ref>
* The business was first set up in [[Mawlamyine|Moulmein]], [[Burma]] (now [[Myanmar]])<ref>{{Cite book|title=Historical dictionary of the Tamils|last=Ramaswamy|first=Vijaya|publisher=Lanham, Md. : Scarecrow Press|year=2007|pages=153}}</ref> 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 [[Tube Investments of India Limited|TI Cycles of India]] Limited (present day [[Tube Investments of India Limited]]) in association with Tube Investments Limited, UK(present day[[TI Group]])

===1951–1960===
* 1954: Carborundum Universal of Madras India Limited (present day [[Carborundum Universal Ltd]]) was established in [[Chennai|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<ref>{{Cite news|url=https://www.thenewsminute.com/article/photo-feature-kadamane-enticing-getaway-amid-lush-tea-gardens-76980|title=Photo feature: Kadamane, an enticing getaway amid lush tea gardens|date=2018-02-24|work=The News Minute|access-date=2018-03-26}}</ref>

===1971–1980===
* 1978: [[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 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<ref>{{Cite news|url=http://www.business-standard.com/article/companies/murugappa-steps-on-the-gas-118010301322_1.html|title=Murugappa steps on the gas|last=Narasimhan|first=T. E.|date=2018-01-03|work=Business Standard India|access-date=2018-03-26}}</ref>
:*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 [http://www.thehindubusinessline.in/2003/07/05/stories/2003070502810300.htm]
:*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 <ref>{{cite web|url=http://www.sedis.fr/groupe-sedis/historique.html |title=Historique - SEDIS |publisher=Sedis.fr |access-date=2016-12-01}}</ref>

===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: [[Carborundum Universal|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: [[Carborundum Universal|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 & Chemials:
:* [[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
:***Sedis
:***Shanthi Gears
:***TI Tsubamex 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]]
:* [[Cholamandalam MS General Insurance]]

* Others:
:* Ambadi Enterprises Ltd.
:**Subsidiaries
:***Parry Murray & Co Ltd
:* Cholamandalam MS Risk Services Limited
:* Murugappa Organo Water Solutions

===Previous===

* MEL Systems & Services Ltd (Murugappa Electronics)
* LaserWords India Pvt Ltd (ePublishing)

== Initiatives ==
* [[The Madras Song]]

==References==
{{Reflist}}

==External links==
*{{Official website|name=Official Website of Murugappa Group}}

{{Murugappa Group}}
{{Authority control}}

[[Category:Companies based in Chennai]]
[[Category:Conglomerate companies established in 1900]]
[[Category:Indian brands]]
[[Category:Multinational companies headquartered in India]]
[[Category:Indian companies established in 1900]]
[[Category:Murugappa Group]]

← Older revision		Revision as of 15:58, 13 May 2022
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			{{Short description\|Indian conglomerate}}
	{{Use dmy dates\|date=January 2015}}		{{Use dmy dates\|date=January 2015}}
	{{Use Indian English\|date=January 2015}}		{{Use Indian English\|date=January 2015}}
	{{Infobox company		{{Infobox company
	\| name = '''~~Murugappa~~'''		\| name = ''''''
	\| logo = Murugappa Group Logo.svg		\| logo = Murugappa Group Logo.svg
	\| logo_size = 180px		\| logo_size = 180px
Line 10:		Line 11:
	\| type = [[Private company\|Private]]		\| type = [[Private company\|Private]]
	\| foundation = {{start date and age\|1900}}		\| foundation = {{start date and age\|1900}}
	\| location = [[Chennai]], [[Tamil Nadu]], India		\| location = [[Chennai]], [[Tamil Nadu]], [[India]]
	\| parent = Murugappa Holdings<ref name="A9">{{cite news \|title=Forbes India's Richest\|url= https://www.forbes.com/lists/2010/77/india-rich-10_Murugappa-Family_D51V.html \| date=29 September 2010}}</ref>		\| parent = Murugappa Holdings<ref name="A9">{{cite news \|title=Forbes India's Richest\|url= https://www.forbes.com/lists/2010/77/india-rich-10_Murugappa-Family_D51V.html \|archive-url= https://web.archive.org/web/20101005014851/http://www.forbes.com/lists/2010/77/india-rich-10_Murugappa-Family_D51V.html \|url-status= dead \|archive-date= 5 October 2010 \| date=29 September 2010}}</ref>
	\| key_people = [[M. M. Murugappan]] (Executive Chairman)<br/>[[M.V. Subbiah]]		\| key_people = [[M. M. Murugappan]] (Executive Chairman)<br/>[[M.V. Subbiah]]
	\| industry = [[Conglomerate (company)\|Conglomerate]]		\| industry = [[Conglomerate (company)\|Conglomerate]]
	\| products = [[Agriculture]]<br>[[Engineering]]<br>[[Financial services]]		\| products = [[Agriculture]]<br>[[Engineering]]<br>[[Financial services]]
	\| revenue = {{profit}} {{INRConvert\|~~381~~\|b}} (2020)<ref name="A3">{{cite news \|title=Group Press Release For FY-2018-19 \| url= https://www.murugappa.com/wp-content/uploads/2019/05/Group-Press-Release-FY-2018-19_for-web.pdf \| date=2 July 2019}}</ref>		\| revenue = {{profit}} {{INRConvert\|41700\|c\|lk=on}} (2020)<ref name="A3">{{cite news \|title=Group Press Release For FY-2018-19 \| url= https://www.murugappa.com/wp-content/uploads/2019/05/Group-Press-Release-FY-2018-19_for-web.pdf \| date=2 July 2019}}</ref>
	\| num_employees = {{increase}} 51,000 (2020)		\| num_employees = {{increase}} 51,000 (2020)
	\| subsid = [[Carborundum Universal Ltd]]<br>Cholamandalam Financial Holdings Ltd<br>[[Cholamandalam Investment and Finance Company]]<br>[[Cholamandalam MS General Insurance]]<br>[[Coromandel International]] Ltd.<br>Coromandel Engineering Company Ltd<br>[[EID Parry]]<br>Parry Agro Industries Ltd.<br>Shanthi Gears Ltd<br>[[Tube Investments of India Limited]]<br>Net Access India Ltd and Wendt (India) Ltd<br>[[CG Power and Industrial Solutions]]<br>		\| subsid = [[Carborundum Universal Ltd]]<br>Cholamandalam Financial Holdings Ltd<br>[[Cholamandalam Investment and Finance Company]]<br>[[Cholamandalam MS General Insurance]]<br>[[Coromandel International]] Ltd.<br>Coromandel Engineering Company Ltd<br>[[EID Parry]]<br>Parry Agro Industries Ltd.<br>Shanthi Gears Ltd<br>[[Tube Investments of India Limited]]<br>Net Access India Ltd and Wendt (India) Ltd<br>[[CG Power and Industrial Solutions]]<br>
	\| homepage = {{URL\|https://www.murugappa.com/}}		\| homepage = {{URL\|https://www.murugappa.com/\|murugappa.com}}
	}}		}}
	'''Murugappa Group''' is an Indian conglomerate founded in 1900.<ref name="A2">{{cite news \|title=Forbes article on Murugappa Group\|url= https://www.forbes.com/global/2011/1107/india-billionaires-11-murugappa-vellayan-old-bold-raghunathan.html \| first=Anuradha \| last=Raghunathan}}</ref><ref name="A1">{{cite news \|title=Murugappa group posts 18% growth in its profit to Rs 2,880 crore\|url= https://www.financialexpress.com/industry/murugappa-group-posts-18-growth-in-its-profit-to-rs-2880-crore/1579478/ \| date=2019-07-02}}</ref> The Group has 28 businesses including nine companies listed on NSE and BSE. Headquartered in Chennai, the major companies of the Group include [[Carborundum Universal Ltd]]., Cholamandalam Financial Holdings Ltd., [[Cholamandalam Investment and Finance Company]] Ltd., [[Cholamandalam MS General Insurance]] Company Ltd., [[Coromandel International]] Ltd., Coromandel Engineering Company Ltd., [[EID Parry]] (India) Ltd., Parry Agro Industries Ltd., Shanthi Gears Ltd., [[Tube Investments of India Limited]]., Net Access India Ltd and Wendt (India) Ltd.		'''Murugappa Group''' is an Indian [[Conglomerate (company)\|conglomerate]] founded in 1900.<ref name="A2">{{cite news \|title=Forbes article on Murugappa Group\|url= https://www.forbes.com/global/2011/1107/india-billionaires-11-murugappa-vellayan-old-bold-raghunathan.html \| first=Anuradha \| last=Raghunathan}}</ref><ref name="A1">{{cite news \|title=Murugappa group posts 18% growth in its profit to Rs 2,880 crore\|url= https://www.financialexpress.com/industry/murugappa-group-posts-18-growth-in-its-profit-to-rs-2880-crore/1579478/ \| date=2019-07-02}}</ref> The Group has 28 businesses including nine companies listed on the [[National Stock Exchange of India\|NSE]] and the [[Bombay Stock Exchange\|BSE]]. Headquartered in [[Chennai]], the major companies of the Group include [[Carborundum Universal Ltd]]., Cholamandalam Financial Holdings Ltd., [[Cholamandalam Investment and Finance Company]] Ltd., [[Cholamandalam MS General Insurance]] Company Ltd., [[Coromandel International]] Ltd., Coromandel Engineering Company Ltd., [[EID Parry]] (India) Ltd., Parry Agro Industries Ltd., Shanthi Gears Ltd., [[Tube Investments of India Limited]]., Net Access India Ltd and Wendt (India) Ltd.

	The Group has presence in several segments including [[abrasives]], auto components, [[bicycle]]s, [[sugar]], farm inputs, [[fertilizer]]s, [[plantation]]s, [[bioproducts]] and [[nutraceutical]]s. It owns brands like BSA, Hercules, Montra, Mach City, Ballmaster, Ajax, Parry's, Chola, Gromor, Shanthi Gears and Paramfos. The Group has a workforce of over 50,000 employees.<ref>{{Cite news\|url=https://www.murugappa.com/about-us/\|title=Conglomerates in India {{!}} Murugappa Group {{!}} Business Groups\|date=2015-10-14\|access-date=2019-06-02\|language=en-US}}</ref> The current executive chairman is MM Murugappan.<ref>{{Cite news\|url=https://economictimes.indiatimes.com/industry/banking/finance/murugappa-group-appoints-mm-murugappan-as-executive-chairman/articleshow/62792748.cms\|title=Murugappa Group appoints MM Murugappan as executive chairman\|last=Chandrashekhar\|first=Anandi\|date=2018-02-05\|work=The Economic Times\|access-date=2018-03-26}}</ref>		The Group has presence in several segments including [[abrasives]], auto components, [[bicycle]]s, [[sugar]], farm inputs, [[fertilizer]]s, [[plantation]]s, [[bioproducts]] and [[nutraceutical]]s. It owns brands like BSA, Hercules, Montra, Mach City, Ballmaster, Ajax, Parry's, Chola, Gromor, Shanthi Gears and Paramfos. The Group has a workforce of over 50,000 employees.<ref>{{Cite news\|url=https://www.murugappa.com/about-us/\|title=Conglomerates in India {{!}} Murugappa Group {{!}} Business Groups\|date=2015-10-14\|access-date=2019-06-02\|language=en-US}}</ref> The current executive chairman is MM Murugappan.<ref>{{Cite news\|url=https://economictimes.indiatimes.com/industry/banking/finance/murugappa-group-appoints-mm-murugappan-as-executive-chairman/articleshow/62792748.cms\|title=Murugappa Group appoints MM Murugappan as executive chairman\|last=Chandrashekhar\|first=Anandi\|date=2018-02-05\|work=The Economic Times\|access-date=2018-03-26}}</ref>

	==The Group & family ==		==The Group & family ==
Line 94:		Line 95:
	:* Prodorite Anticorrosives Limited becomes a subsidiary of [[Carborundum Universal Ltd]]		:* Prodorite Anticorrosives Limited becomes a subsidiary of [[Carborundum Universal Ltd]]
	* 1993:		* 1993:
	:* TIDC India acquired Satavahana Chains		:* TIDC India acquired Satavahana Chains<ref>{{cite web\|url=https://www.scribd.com/document/416277292/EQUITY-RESEARCH-ON-TUBE-INVESTMENT-OF-INDIA-Ltd-docx \|title=Equity research on tube investment of india ltd \|website=Scribd.com \|access-date=May 13, 2022}}</ref>
	:* [[EID Parry]] merged Murugappa Electronics Limited with itself as Murugappa Industrial & Technical Services [Division]		:* [[EID Parry]] merged Murugappa Electronics Limited with itself as Murugappa Industrial & Technical Services [Division]
	* 1994:		* 1994:
Line 102:		Line 103:
	:*January: [[EID Parry]] de-merged Murugappa Industrial & Technical Services as MEL Systems and Services Electronics Limited		:*January: [[EID Parry]] de-merged Murugappa Industrial & Technical Services as MEL Systems and Services Electronics Limited
	:*June: [[Carborundum Universal Ltd]] acquired Sterling Abrasives Limited		:*June: [[Carborundum Universal Ltd]] acquired Sterling Abrasives Limited
	:*December: Murugappa Group exited from electronics business after [[EID Parry]] divested MEL Systems and Services Electronics Limited		:*December: Murugappa Group exited from the electronics business after [[EID Parry]] divested MEL Systems and Services Electronics Limited
	* 1999		* 1999