Murugappa Group
Murugappa Group is an Indian conglomerate founded in 1900. The Group has 28 businesses including nine companies listed on the NSE and the 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.
Corporate office of Murugappa Group | |
| Company type | Private |
|---|---|
| Industry | Conglomerate |
| Founded | 1900 |
| Founder | Dewan Bahadur A. M. Murugappa Chettiar |
| Headquarters | Chennai, Tamil Nadu, India |
Key people | M. M. Murugappan (Executive Chairman) M.V. Subbiah |
| Products | Agriculture Engineering Financial services |
| Revenue | ₹41,700 crore (US$5.2 billion) (2020) |
| Total assets | ₹60,786 Crore (US$7.3 Billion) (2023) |
Number of employees | 60,000 (2023) |
| Parent | Murugappa Holdings |
| Subsidiaries | 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 |
| Website | murugappa.com |
The Group has presence in several segments including abrasives, auto components, bicycles, sugar, farm inputs, fertilizers, 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 50,000 employees. The current executive chairman is MM Murugappan.