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{{short description|Indian power and industrial solutions company}}
{{short description|Indian power and industrial solutions company}}
{{distinguish|Crompton Greaves Consumer Electricals}}
{{more citations needed|date=January 2016}}
{{Use British English|date=March 2013}}
{{Use British English|date=March 2013}}
{{Use dmy dates|date=March 2013}}
{{Use dmy dates|date=July 2022}}
{{multiple issues|
{{more citations needed|date=January 2016}}
{{expert needed|1=Companies|date=January 2016}}
}}
{{Infobox company
{{Infobox company
| name = CG Power and Industrial Solutions Limited
| name = CG Power and Industrial Solutions Limited
| logo = Crompton Greaves Logo.svg
| logo =  
| logo_size = 150px
| logo_size = 150px
| type = [[Public Company|Public]]
| type = [[Public Company|Public]]
| traded_as = {{BSE|500093}}<br />{{NSE|CGPOWER}}
| traded_as = {{BSE|500093}}<br />{{NSE|CGPOWER}}
| foundation = 1878
| foundation = 1937
| location_city = [[Mumbai]]
| location_city = [[Mumbai]], [[Maharashtra]]
| location_country = [[India]]
| location_country = India
| key_people =  
| key_people =  
| founders = [[R. E. B. Crompton]] <br /> James Greaves
| founders = [[R. E. B. Crompton]] <br /> James Greaves
| industry = Electrical|
| industry = Electrical|
| parent = [[Murugappa Group]]
| parent = [[Murugappa Group]]
| subsid = G.G. Tronics
| products = Transformers, pump, HT & LT Motors, DC Motors, Railway Signaling|
| 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>
| revenue = {{INRConvert|14013|c|lk=on}} (2015)<ref>{{cite web |url=http://www.cgglobal.com/pdfs/Aud-FinRes-consolidated_1415.pdf|title=Statement of Consolidated Audired Financial Results for the Quarter and Year Ended 31st March, 2015 |website= cgglobal.com |url-status=dead |archive-url=https://web.archive.org/web/20171125185447/http://www.cgglobal.com/pdfs/Aud-FinRes-consolidated_1415.pdf |archive-date=25 November 2017}}</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>
 
'''CG Power and Industrial Solutions Limited''', also known as '''Crompton Greaves Limited''', is an Indian [[Multinational corporation|multinational company]] engaged in design, manufacturing, and marketing of products related to power generation, transmission, and distribution, as well as rail transportation. The company is based in [[Mumbai]] and has been part of the [[Chennai]]-based [[Murugappa Group]] since 2020, when it was acquired from the [[Avantha 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 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 ==
== 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>
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|url-access=subscription}}</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>
The company was incorporated on 28 April 1937 as [[Crompton Parkinson|Crompton Parkinson Work Private Limited]]. 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>
The company in [[Cold War]] era collaborated with the [[Soviet Union|USSR]] and the [[Eastern Bloc]] for [[technology transfer]] of new electrical technologies.
 
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|Crompton Greaves Consumer Electricals Limited]] (CGCEL) and [[Gautam Thapar]] selling his 34% stake in CGCEL to [[Advent International]] and [[Temasek Holdings]] for {{INR}} 2,000 [[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 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 August 2019, CG Power and Industrial Solutions reported that its employees had carried out unauthorised 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>
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==
==Products and services==
*'''MV Switchgear'''
*'''MV Switchgear'''
**VCB, PCVCB, GIS & RMU<ref>http://www.cgglobal.com/frontend/Crompton.aspx?cnl1=KV1SpKMjSGM=</ref>
**VCB, PCVCB, GIS & RMU, all Rail Transportation Equipments like Traction Motors, Converters, cubicles, Relays, Point machines etc.<ref>{{Cite web |url=http://www.cgglobal.com/frontend/Crompton.aspx?cnl1=KV1SpKMjSGM= |title=Products and Services |access-date=6 January 2012 |archive-date=25 January 2022 |archive-url=https://web.archive.org/web/20220125010531/http://www.cgglobal.com/frontend/Crompton.aspx?cnl1=KV1SpKMjSGM= |url-status=dead }}</ref>


== Awards ==
== Awards ==
* Received NABL Accreditation for 5 of its labs & 1 calibration lab.<ref>http://www.cgglobal.com/frontend/finalnonproduct.aspx?cnl2=3G3ss5YkJ3g=</ref>
* Received [[National Architectural Accrediting Board|NABL accreditation]] for 5 of its labs & 1 calibration lab.<ref>{{Cite web |url=http://www.cgglobal.com/frontend/finalnonproduct.aspx?cnl2=3G3ss5YkJ3g= |title=Awards|access-date=22 December 2011 |archive-date=14 March 2022 |archive-url=https://web.archive.org/web/20220314021327/http://www.cgglobal.com/frontend/finalnonproduct.aspx?cnl2=3G3ss5YkJ3g= |url-status=dead }}</ref>


==References==
==References==
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==External links==
==External links==
*[http://www.cgglobal.com/index.aspx Crompton Greaves Global]
*[http://www.cgglobal.com/index.aspx Crompton Greaves Global] {{Webarchive|url=https://web.archive.org/web/20220423091146/http://www.cgglobal.com/index.aspx |date=23 April 2022 }}
*[https://web.archive.org/web/20160515074754/http://www.cromptonpump.com/ Crompton Pump]


{{Nifty 200 companies}}
{{Nifty 200 companies}}


[[Category:Companies established in 1878]]
[[Category:Companies based in Mumbai]]
[[Category:Companies based in Mumbai]]
[[Category:Electrical engineering companies of India]]
[[Category:Electrical engineering companies of India]]
[[Category:Avantha Group]]
[[Category:Murugappa Group]]
[[Category:Indian companies established in 1878]]
[[Category:Indian companies established in 1878]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Companies listed on the Bombay Stock Exchange]]
 
[[Category:Indian companies established in 1937]]
{{India-company-stub}}

Latest revision as of 02:34, 22 March 2026


Not to be confused with Crompton Greaves Consumer Electricals.

CG Power and Industrial Solutions Limited
Traded asBSE: 500093
NSE: CGPOWER
IndustryElectrical
Founded1937
Founder(s)sR. E. B. Crompton
James Greaves
Headquarters
Mumbai, Maharashtra
,
India
ProductsTransformers, pump, HT & LT Motors, DC Motors, Railway Signaling
Revenue₹14,013 crore (US$2.0 billion) (2015)[1]
ParentMurugappa Group
SubsidiariesG.G. Tronics

CG Power and Industrial Solutions Limited, also known as Crompton Greaves Limited, is an Indian multinational company engaged in design, manufacturing, and marketing of products related to power generation, transmission, and distribution, as well as rail transportation. The company is based in Mumbai and has been part of the Chennai-based Murugappa Group since 2020, when it was acquired from the Avantha Group.[2] The company was restructured in 2016 following the demerger of its consumer goods business.[3]

History[edit | edit source]

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.[4]

The company was incorporated on 28 April 1937 as Crompton Parkinson Work Private Limited. 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.[5][6]

The company in Cold War era collaborated with the USSR and the Eastern Bloc for technology transfer of new electrical technologies.

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.[7][8] The demerger was completed in 2016 with the listing of Crompton Greaves Consumer Electricals Limited (CGCEL) and Gautam Thapar selling his 34% stake in CGCEL to Advent International and Temasek Holdings for ₹ 2,000 crore.[9][10]

In January 2017, Crompton Greaves changed its name from Crompton Greaves Limited to CG Power and Industrial Solutions Limited.[11]

In August 2019, CG Power and Industrial Solutions reported that its employees had carried out unauthorised transactions resulting in an "understatement of the company's liabilities" by thousands of crores in the previous financial year.[12][13]

In September 2020, Murugappa Group's Tube Investments acquired a 56% stake in CG Power and Industrial Solutions for ₹ 700 crore.[14]

Products and services[edit | edit source]

  • MV Switchgear
    • VCB, PCVCB, GIS & RMU, all Rail Transportation Equipments like Traction Motors, Converters, cubicles, Relays, Point machines etc.[15]

Awards[edit | edit source]

References[edit | edit source]

  1. ↑ "Statement of Consolidated Audired Financial Results for the Quarter and Year Ended 31st March, 2015" (PDF). cgglobal.com. Archived from the original (PDF) on 25 November 2017.
  2. ↑ Ahaskar, Abhijit (8 August 2020). "Murugappa Group led Tube Investments to acquire 56% stake in CG Power". mint. Retrieved 16 September 2020.
  3. ↑ "Crompton Greaves Shares Tank 74% Ex-Demerger". NDTV.com. Retrieved 10 November 2020.
  4. ↑ HERMON-TAYLOR, CG (January 1975). "A company view". Industrial and Commercial Training. 7 (1): 11–13. doi:10.1108/eb003440. ISSN 0019-7858.
  5. ↑ "Crompton Greaves seeks shareholders nod to change name". mint. 23 December 2016. Retrieved 10 November 2020.
  6. ↑ "70 companies with pre-1947 roots". mint. 17 August 2017. Retrieved 10 November 2020.
  7. ↑ Merchant, Krishna (20 July 2014). "Crompton Greaves shares discount value unlocking from demerger". mint. Retrieved 10 November 2020.
  8. ↑ Kamat, Vatsala (24 March 2015). "Crompton Greaves improves demerger plan of consumer goods business". mint. Retrieved 10 November 2020.
  9. ↑ "Crompton Greaves Consumer Electricals lists on bourses today, shares up". The Financial Express. 13 May 2016. Retrieved 10 November 2020.
  10. ↑ Dubey, Jyotindra. "The downfall! How this iconic Delhi business empire went bust". The Economic Times. Retrieved 10 November 2020.
  11. ↑ "Crompton Greaves gets shareholders' nod to change name". The Economic Times. Retrieved 10 November 2020.
  12. ↑ "CG Power reports massive fraud". Business Line. Retrieved 10 November 2020.
  13. ↑ Kamat, Vatsala (21 August 2019). "For CG Power, the trouble started long before it reported serious lapses". mint. Retrieved 10 November 2020.
  14. ↑ Ahaskar, Abhijit (8 August 2020). "Murugappa Group led Tube Investments to acquire 56% stake in CG Power". mint. Retrieved 10 November 2020.
  15. ↑ "Products and Services". Archived from the original on 25 January 2022. Retrieved 6 January 2012.
  16. ↑ "Awards". Archived from the original on 14 March 2022. Retrieved 22 December 2011.

External links[edit | edit source]

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