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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 = ''' | | 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| | | 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 == | ||
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:* 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: | ||
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:*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 | ||