
The Murugappa Group is a leading business conglomerate in India, with a rich history dating back to 1900. Founded by Kumaraswamy Raja, the group has grown into a diverse business empire with a presence in various sectors.
The group's business operations are diverse, with a presence in industries such as automotive, chemicals, cements, fertilizers, and more. Its flagship company, E.I. DuPont India Limited, is a leading manufacturer of automotive and industrial coatings.
The Murugappa Group has a strong presence in the Indian market, with a significant share of the country's automotive and industrial coatings market. Its products are used in various industries, including automotive, aerospace, and construction.
The group's commitment to innovation and quality has earned it several awards and recognition, including the "Best Company to Work for" award.
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The Murugappa Group
The Murugappa Group is a private conglomerate that has been around since 1900, founded by A.M.Murugappa Chettiar. It's headquartered in Chennai, Tamil Nadu, India.
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The Group's impressive revenue of ₹85,000 crore (US$9.7 billion) in FY24 is a testament to its diversified business portfolio. This includes conglomerate, agri-solutions, financial services, engineering, and more.
One of the key people behind the Group's success is M. M. Murugappan, who serves as the Executive Chairman. He's supported by M.V. Subbiah, among others.
The Murugappa Group has a significant presence in various sectors, including:
- 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
- Wendt (India) Ltd, CG Power and Industrial Solutions
The Group's commitment to values and governance is evident in its focus on ethical practices and value creation. This has led to its positive impact on several lives, employing over 73,000 individuals as of 2024.
Key People and Events
The Murugappa Group has a rich history of leadership and innovation.
Eramma Murugappa, the wife of the founder, played a crucial role in the group's early success, managing the family business during her husband's absence.
The group's current leadership is led by E. Murugappa, the great grandson of the founder, who has been instrumental in driving the company's growth and diversification.
Under E. Murugappa's leadership, the group has expanded its operations to various sectors, including automotive, chemicals, and healthcare, among others.
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History

Dewan Bahadur A.M. Murugappa Chettiar laid the foundation for the Murugappa Group by establishing a money-lending and banking business in 1900 in Moulmein, Burma.
This business was the starting point for the group's expansion into various regions, including British Malaya, Ceylon, Dutch East Indies, and French Indo-China.
The Murugappa Group's diversification efforts began in the early 20th century, with the establishment of various businesses such as textiles, rubber plantations, insurance, and stock broking.
Here's a brief timeline of the group's key milestones:
- 1947: Established Coromandel Engineering Company Limited
- 1949: Established TI Cycles of India Limited (present day Tube Investments of India Limited) in association with Tube Investments Limited, UK the (present day the TI Group)
- 1953: The AMM Charities Trust was founded, showcasing the Group’s commitment to social responsibility and philanthropy.
- 1960: TI Cycles achieved a landmark by manufacturing its one-millionth bicycle, cementing its industry position.
The group continued to expand and diversify, entering the financial sector with Cholamandalam Investment and Financial Company in 1978, and venturing into agriculture through Coromandel International Limited in the 1980s.
As of 2023, the Murugappa Group is a ₹742 billion conglomerate with a presence worldwide, diversified into 28 businesses and manufacturing units in 11 locations.
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Valli Fails to Win Board Seat
Valli fails to win board seat, marking a significant setback for her efforts to secure a seat on the Murugappa holding company's board.
Arunachalam publicly criticized the Murugappa Group for its lack of appreciation for women's contributions, highlighting the issue of gender bias within the organization.
The failure of Valli to secure a board seat has sparked controversy and debate about the group's commitment to diversity and inclusion.
Vellayan Quits as Chairman

Vellayan resigned as the chairman of the Murugappa Group due to insider trading charges.
Sebi named him as a suspect in the case, along with V Karuppiah, C Gopalakrishnan, and AR Murugappan.
The insider trading case led to Vellayan's resignation from the chairman position.
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Financial Performance
Coromandel International, a fertiliser major, reported a 16% decline in its consolidated net profit in Q2.
Coromandel International is a notable subsidiary of the Murugappa Group.
Wendt India, another part of the USD 3.8 billion Murugappa Group, reported a dip in its Q3 net profit.
This highlights the varying financial performance of the group's companies.
Coromandel's Q2 Net Profit Declines
Coromandel's Q2 net profit declines 16%. This significant drop in profit is a notable trend in the company's financial performance.
Fertiliser major Coromandel International reported a 16% decline in its consolidated net profit. This decline is a stark reminder of the challenges faced by the company in the second quarter.
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The decline in net profit is a clear indicator of the company's struggles during the quarter. It's essential to monitor such trends to make informed decisions about investments or business partnerships.
Coromandel International's financial performance is a crucial aspect of the company's overall success. A decline in net profit can have far-reaching consequences for the company's future growth.
Wendt India Q3 Profit Down
Wendt India's net profit took a dip in the third quarter.
The company is part of the Murugappa Group, a USD 3.8 billion conglomerate.
This decline in profits is a notable trend in the company's financial performance.
Wendt India's financials are closely watched by investors and analysts.
Companies and Subsidiaries
The Murugappa Group has a diverse portfolio of companies and subsidiaries that contribute to its success.
The group has a significant presence in the financial services sector through its subsidiaries, including Cholamandalam Investment and Finance Company and Cholamandalam MS General Insurance.
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Cholamandalam Investment and Finance Company provides a range of financial services, while Cholamandalam MS General Insurance offers insurance solutions to its customers.
In addition to these two companies, the group also has other notable subsidiaries such as Ambadi Enterprises Ltd., Cholamandalam MS Risk Services Limited, and Murugappa Water Technology & Solutions.
These subsidiaries operate in various sectors, including finance, insurance, and water technology, and play a crucial role in the group's overall strategy.
Here is a list of some of the group's notable subsidiaries:
- Cholamandalam Investment and Finance Company
- Cholamandalam MS General Insurance
- Ambadi Enterprises Ltd.
- Cholamandalam MS Risk Services Limited
- Murugappa Water Technology & Solutions
Investments and Acquisitions
The Murugappa Group has made significant investments and acquisitions over the years. They have a diverse portfolio of businesses, which has been achieved through strategic investments and acquisitions.
One notable example is their acquisition of EID Parry, a leading manufacturer of sugar and other industrial chemicals. This acquisition has helped the group expand its presence in the sugar industry.
The group has also invested in various sectors, including fertilizers, chemicals, and engineering. These investments have enabled them to tap into new markets and increase their revenue streams.
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Tube Invest to Buy Shanti Gears Stake
Tube Invest may buy Shanti Gears stake. Murugappa Group, a USD 4.4 bn business conglomerate, plans to acquire 44.1 per cent stake.
This is a significant move in the world of investments and acquisitions. Tube Invest is looking to expand its portfolio.
Murugappa Group has a substantial amount of assets at its disposal. The conglomerate's business dealings will likely be closely watched.
The acquisition of a 44.1 per cent stake in Shanti Gears will give Tube Invest a substantial presence in the industry.
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Major Acquisitions/ Ventures
In the world of investments and acquisitions, making the right move can be a game-changer. Companies like Alphabet acquired Nest Labs in 2014 for $3.2 billion, a deal that paid off with Nest's smart home products becoming a huge hit.
Google's parent company has also made a significant investment in the life sciences industry, specifically in biotech companies like Calico and Verily.
The acquisition of Nest Labs was a strategic move to expand Google's presence in the smart home market. This move not only brought new products to the table but also helped Google to stay ahead of the competition.
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Alphabet's investment in Calico, a biotech company focused on aging and longevity research, was a significant bet on the future of healthcare. This investment has the potential to pay off in the long run, as the aging population continues to grow.
Verily, another biotech company, is working on developing new medical technologies, including a smart contact lens that can monitor glucose levels. This innovative technology has the potential to revolutionize the way we manage diabetes.
Google's acquisition of Nest Labs and investments in biotech companies like Calico and Verily demonstrate the company's commitment to innovation and growth. By making strategic investments and acquisitions, companies can stay ahead of the curve and achieve long-term success.
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Products Brands
Murugappa Group has a diverse portfolio of products and brands that cater to various industries.
Easun Reyrolle is a leading manufacturer of electrical and automation products, including transformers, switchgear, and control panels.
The Group's chemicals division, Coromandel International Limited, produces fertilizers, phosphatic fertilizers, and micro nutrients.
EID Parry is a leading manufacturer of sugar, bio-ethanol, and other sugar-based products.
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Investing in Stocks
Investing in stocks can seem daunting, but it's actually quite straightforward. To invest in Murugappa Group stocks, you'll need to have an account with a brokerage firm like Angel One.
Logging into your Angel One account is the first step. From there, you can search for the Murugappa Group stock you're interested in.
To place a buy order, simply click on the 'Buy' button, enter your desired quantity, and select the order type. This is a crucial step, as it ensures your order is executed correctly.
Once you've entered your order details, clicking on the 'Buy' button will complete your transaction.
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Frequently Asked Questions
Who is the daughter of Murugappa Group owner?
Valli Arunachalam is the eldest daughter of MV Murugappan, the former chairman of the Murugappa Group. She is a former nuclear scientist who took her family members to the National Company Law Tribunal (NCLT).
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