About Murugappa Group, List of Murugappa Group of Companies, Subsidiaries, Murugappa Group Products and Each Company Profile.
Murugappa Group was Founded in 1900, the INR 369 Billion (36,893 Crores) Murugappa Group is one of India’s leading business conglomerates. The Group has 28 businesses including nine listed Companies traded in NSE & BSE. Headquartered in Chennai.
Murugappa Group Products
Market leaders in served segments including
- Auto Components,
- Transmission systems,
- Farm Inputs,
- Bioproducts and
Murugappa Group has forged strong alliances with leading international companies such as Groupe Chimique Tunisien, Foskor, Mitsui Sumitomo, Morgan Advanced Materials, Sociedad Química y Minera de Chile (SQM), Yanmar & Co. and Compagnie Des Phosphat De Gafsa (CPG). Murugappa Group has a wide geographical presence all over India and spanning 6 continents.
Renowned brands like
- Mach City,
- Shanthi Gears and
- Paramfos are from the Murugappa stable.
The Murugappa Group fosters an environment of professionalism and has a workforce of over 50,000 employees.
M M Murugappan Executive Chairman
List of Murugappa group of companies
The Major Companies of the Murugappa Group include. List of murugappa group of companies
Carborundum Universal Ltd.,
Coromandel International Limited, India’s second-largest Phosphatic fertilizer player, is in the business segments of fertilizers, specialty Nutrients, crop Protection, and retail.
The Company manufactures a wide range of fertilisers and has the capacity to manufacture over 3.5 million tons of Phosphatic fertilizers and 1 million tons of single super phosphate, making it a leader in its addressable markets among the other Fertilizer Manufacturers in India.
In its endeavor to be a complete plant nutrition solutions Company, Coromandel has also introduced a range of Speciality Nutrient products comprising water-soluble fertilizers and micronutrients.
- Revenue: Rs 2,751 Cr
- Market Cap: 6,218 Cr.
- ROE: 15.01 %
- Sales Growth (3Yrs): 11.42 %
- Promoter holding: 42.08 %
- Debt to equity: 0.04
- Price to book value: 3.40
Coromandel is a pioneer in marketing Organic Fertilizers. The crop protection business has a wide range of technical products, which are also exported to various countries. Coromandel has a pan – India presence for distribution of these products in India besides its own retail outlets.
Coromandel has ventured into the retail business and has set up close to 800 rural retail centers (Mana & Namma Gromor) in the States of Andhra Pradesh, Karnataka, and Telangana.
Coromandel was voted as one of the ten greenest companies in India by TERI, reflecting its commitment to the environment and society. It was also ranked in the Top 20 Best Companies to Work for by Business Today.
Also Read Top 10 Chemical Companies in India
Cholamandalam Financial Holdings Ltd.,
Cholamandalam Financial Holdings Limited (CFHL) (formerly known as TI Financial Holdings Limited) was incorporated in 1949 and is a part of the Murugappa Group, one of the most diversified business conglomerates of India.
Consequent to the scheme of arrangement (demerger) sanctioned by the National Company Law Tribunal, the manufacturing business of the Company was transferred to a separate company and the company retained its finance business.
CFHL is registered with the Reserve Bank of India as a Non-Deposit taking Systemically Important – Core Investment Company (CIC-ND-SI) pursuant to the receipt of Certificate of Registration from the Reserve Bank of India (RBI) dated January 6, 2020, under Section 45-IA of the Reserve Bank of India Act, 1934.
After the demerger, the company has significant shareholding in companies viz., Cholamandalam Investment and Finance Company Limited, Cholamandalam MS General Insurance Company Limited and Cholamandalam MS Risk Services Limited.
Cholamandalam Investment and Finance Company Ltd.,
Cholamandalam Investment and Finance Company Limited (Chola), incorporated in 1978 as the financial services arm of the Murugappa Group.
Chola commenced business as an equipment financing company and has today emerged as a comprehensive financial services provider offering vehicle finance, home loans, home equity loans, SME loans, investment advisory services, stockbroking and a variety of other financial services to customers.
Chola operates from 1029 branches across India with assets under management above INR 59,292 Crores. The subsidiaries of Chola are Cholamandalam Securities Limited (CSEC) and Cholamandalam Home Finance Limited (CHFL).
Cholamandalam MS General Insurance Company Ltd.,
Chola MS General Insurance Company Limited is a Joint Venture between the Murugappa Group and Mitsui Sumitomo Insurance Company Limited, Japan.
Chola MS offers a wide range of insurance products that include Motor, Health, Property, Accident, Engineering, Liability, Marine, Travel and Crop insurance for individuals and corporates. In 2018, the company achieved a Gross Written Premium (GWP) of INR 41,026 million. Chola MS currently has 87 branches and over 34,000 agents across the country.
Chola MS champions a brand philosophy called T3, which stands for Trust, Transparency, and Technology. It has also been consistently recognized and awarded by the Government of India, international entities and rating agencies for its insurance service and delivery innovations.
Coromandel International Ltd.,
Coromandel International Limited, India’s second-largest Phosphatic fertilizer player, is in the business segments of Fertilizers, Specialty Nutrients, Crop Protection, and Retail. The Company manufactures a wide range of fertilizers and markets around 4.5 million tons making it a leader in its addressable markets.
In its endeavor to be a complete plant nutrition solutions Company, Coromandel has also introduced a range of Specialty Nutrient products including Organic Fertilizers. The Crop Protection business produces insecticides, fungicides and herbicides and markets these products in India and across the globe.
Coromandel is the second-largest manufacturer of Malathion and only the second manufacturer of Phenthoate. Coromandel has also ventured into the retail business setting up around 800 rural retail centers in the States of Andhra Pradesh, Telangana, Karnataka, and Maharashtra.
The Company clocked a turnover of Rs. 13,240 Crore during FY 2018-19. lt was ranked among the top 20 best companies to work for by Business Today and was also voted as one of the ten greenest companies in India by TERI, reflecting its commitment to the environment and society. Coromandel is a part of the INR 369 Billion (36,893 Crores) Murugappa Group.
Coromandel Engineering Company Ltd.,
Coromandel Engineering Company Limited (CEC) was incorporated in the year 1947 and is engaged in the field of Construction/Property Development. It is part of the INR 369 Billion Murugappa Group. CEC is one of India’s oldest Companies in the Construction sector, having pioneered several novel engineering techniques and was the first to introduce a pre-engineered metal building system in India.
E.I.D. Parry (India) Ltd.,
E.I.D. – Parry (India) Limited (E.I.D. Parry) is a listed company engaged in the business of Sugar and Nutraceuticals. Headquartered in ‘Dare House’ a heritage building, in Chennai, India, the Company is a part of the INR 369 Billion Murugappa Group, one of India’s leading business conglomerates.
Founded in 1788, ‘Parry’ has been a household name for over 225 years. The Company holds the distinction of setting up India’s first sugar plant at Nellikuppam in 1842 and even today continues to pioneer new paths in each of its businesses.
Amongst the leading sugar manufacturers in India, E.I.D. Parry’s 9 sugar plants are spread across South India. These state-of-the-art plants with a total sugarcane crushing capacity of 43,400 TCD, co-generation capacity of 160 MW and Distillery capacity of 234 KLPD across units are located at Nellikuppam, Pugalur, Pudukottai, Pettavathalai and Sivaganga in Tamil Nadu, Ariyur in Puducherry, Sankili in Andhra Pradesh and Bagalkot, Haliyal and Ramdurg in Karnataka.
E.I.D. Parry is a pioneer and world leader in organic spirulina and microalgal products in the Nutraceuticals space. ‘Parrys Spirulina’, with 3 major international certifications, is sold in more than 41 countries across the globe. The highly specialized manufacturing Plants of the Nutraceuticals business for microalgal production are located at Oonaiyur and Saveripuram in Tamil Nadu.
Parry Agro Industries Ltd.,
Parry Agro, one of the leading producers of CTC, Orthodox, Organic and Green teas, in India, is a part of the Murugappa Group, which is among the most respected business conglomerates in India.
Spread over 3,210 hectares, the tea estates and factories at Parry Agro produce around 14 million kilograms annually. Over the last five decades, the brand’s reputation and respectability, as one of the premier tea growers have been well established across the globe
Rajajuli tea factory is a 1 million kilograms CTC tea manufacturing unit situated in Rajagarh, district Udalguri, BTAD – Assam. The factory is situated in the midst of 5000 hectares of young mature tea plantations. These tea bushes are of the best quality clone varieties and are plucked with the utmost care to deliver the right fine leaf.
Shanthi Gears Ltd.,
Shanthi Gears—a subsidiary of Tube Investments of India—is a pioneer in gear manufacturing and ranks amongst India’s top gear manufacturers today. For over four decades now, Shanthi Gears has been the preferred name for gear and gearbox solutions, for some of the biggest names in the industry.
Tube Investments of India Ltd.,
In 1949, TI Cycles of India (TICI) was born in collaboration with TI of the UK. It was the Group’s first of many successful Joint Ventures and also its first foray into large scale manufacturing.
Later, as a measure of backward integration two more companies were formed: Tube Products of India (TPI) in 1955, to make steel tubes for bicycle frames and TI Diamond Chain (TIDC) in 1960 to make bicycle chains. Over a period of time, these two businesses have moved up the value chain from bicycle parts to higher technology products.
In 1959, Tube Investments of India (TII) was formed by merging the TI Cycles of India and Tube Products of India. TI Diamond Chain was merged with the parent company, in 2004. In 1962, the company saw the potential to leverage its engineering skills to address the market for roll-formed metal products. So a new unit called TI Metal Forming was created to realize this potential; to this day it is recognized as the pioneer in this business.TII is an Indian company with a global outlook.
Wendt (India) Ltd.
Wendt (India) Limited (WIL) was incorporated in 1980 as a Joint Venture between Wendt GmbH ( www.wendtgroup.com ) and The House of Khataus. In 1991, Carborundum Universal Ltd (CUMI), 5.3 billion USD Billion Murugappa Group Company ( www.murugappa.com ) acquired the Khatau’s stake in the business. Since then WIL has been a 40 – 40 Joint Venture between Wendt GmbH and CUMI. The public holds the balance of 20% equity.
Wendt India is ranked among the Top 25 successful Indo-German JVs by the Indo-German Chamber of Commerce (IGCC).
|1||Carborundum Universal Ltd.,|
|2||Cholamandalam Financial Holdings Ltd.,|
|3||Cholamandalam Investment and Finance Company Ltd.,|
|4||Cholamandalam MS General Insurance Company Ltd.,|
|5||Coromandel International Ltd.,|
|6||Coromandel Engineering Company Ltd.,|
|7||E.I.D. Parry (India) Ltd.,|
|8||Parry Agro Industries Ltd.,|
|9||Shanthi Gears Ltd.,|
|10||Tube Investments of India Ltd.,|
|11||Wendt (India) Ltd.|