Murugappa Group
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Murugappa Group:
Murugappa Group:
The Murugappa Group, a leading business conglomerate in India with a valuation of INR 369 billion (36,893 crores), has a rich history dating back to 1900. The group is headquartered in Chennai and has 28 businesses, including nine listed companies that trade in the NSE & BSE. Its major companies include Carborundum Universal Ltd., Cholamandalam Financial Holdings Ltd., Cholamandalam Investment and Finance
Milestones
A journey of excellence. Across paradigms
1900 TO 1915
The Group's founder, Dewan Bahadur AM Murugappa Chettiar sets up money lending and banking business in Burma (now Myanmar) under the name AMM Rm Firm
The Group diversifies into textiles, rubber plantations, insurance and stock broking. Expands business to Malaya (now Malaysia), Vietnam and Ceylon (now Sri Lanka)
1915 TO 1934
1934 TO 1949
Moves assets to India before the Japanese invasion of Burma in World War II. Ventures into industry with investments in emery paper and steel furniture
Establishes companies in core industrial sectors and re-enters the financial services sector
1950 TO 1980
1981 TO 1990
Enters agriculture sector with the acquisition of the 200-year old ailing company, E.I.D. Parry, a large sugar manufacturer in Tamil Nadu. Expands further into agriculture, growing the fertiliser business through its company Coromandel International Limited
Formation of the Murugappa Group structure, streamlining of core businesses and realigning of portfolios. Expands global presence through JVs with leading international companies
1991 TO 2000
2001 TO 2010
Increases global footprint and enhances customer touch points in cycles, farm inputs and general insurance
Achieves ambitious revenue targets at 3 times GDP. Garners significant leadership positions through increased capital expenditure and significant growth in adjacency businesses and acquisitions
2011 TO 2019
The Murugappa
Group today
The Murugappa Group turnover is at INR 547 billion