Everyone knows the Tata and Birla Group. There is a big name, and there is also a big business in the country. But there is another big group in the country, about which most people do not know. However, almost everyone knows about the companies of this group. Do you know about Murugappa Group? Even if you do not know about this group, but if you are asked about Hercules Cycle, then your answer will be, who does not know it.
Let’s know about Murugappa Group …
Murugappa Group is one of the oldest and reputed trading groups in India, it was founded in 1900 Diwan Bahadur A. M. Murugappa Chestiar was done. The group is headquartered in Chennai, Tamil Nadu. The most important thing is that a total of 9 companies of this group are listed in the Indian stock market (NSE and BSE). At the same time, there are a total of 28 business units of this group. Talking about the work, this group is present in the abrasives, automotive parts, bicycles, sugar, agricultural input, fertilizer, plantation, bio-product and neutrasuticals sector.
The history of this group is very old, this group did not start in India. Just before the Second World War, this group shifted its business to India. In fact, Murugappa Group started in 1900 Burma i.e. Myanmar, the first business of the group was related to moneylender and banking, which was known as AMM RM FIRM. Its founder Diwan Bahadur A. M. Murugappa was a Chettiar. He spread his business in Myanmar, Malaya (current Malaysia), Sri Lanka, Vietnam and French Indo-China. But during the Second World War in 1930, the group shifted its business to India due to the Japanese invasion during World War II, and then the company’s business from Chennai started running.
In the 1940s, the Murugappa group spread its business to areas such as Emri paper, steel furniture and later bicycle and fertilizer. In 1981, the group acquired Eid Parry, which is a 200 -year -old Chinese manufacturer. After this, the company stepped into many more sectors.
Carborandum Universal Limited (CUMI): Leading in abrasive, technical ceramics and electro-minracies. It makes products for automotive, steel and construction industries.
Cholamandalam Investment and Finance Company Limited (CIFCL): Non-Banking Financial Company provides vehicle loans, home loans and sme loans. It has a strong presence in rural and semi-urban areas.
Cholamandalam Financial Holdings Limited: Invested in financial services, including non-banking finance and insurance.
Cholamandalam MS General Insurance Company Limited: The company provides general insurance and risk management services.
Coromandel International Limited: This company is a leader in fertilizer, agricultural solutions and bio-products. It serves up to about 2 crore farmers of India.
Eid parry (india) limited: Creates sugar, neutralcuticals and bio-pesticides. It is one of the oldest companies in India.
Tube Investments of India Limited (TII): The company makes engineering products such as bicycles, automotive chains and metal tubes. It is also investing in electric vehicles (EV).
Shanti Gears Limited: Specialization in transmission systems and gears.
Vendent (India) Limited: Construction of super abrasive and industrial ceramics.
CG Power and Industrial Solutions Limited: Power systems and industrial systems, which make transformers and railway signaling equipment.
Unlisted companies of the group include Parry Agro Industries Limited (Tea and Bagan) and Coromandel Engineering Company Limited (Construction and Real Estate).
The Murugappa Group has many famous brands.
Cycle: BSA, Hercules, Montra, Montra Electric, Mach City
Agriculture and Fertilizer: Gromor, Paramfos
Sugar and Food: Parry’s
Finance: Chola, Chola MS
Exemption and Engineering: Ajax, Shanthi Gears, Cumi
Apart from India, the business of groups is spread in more than 40 countries of the world. Australia, Chile, France, Russia, South Africa, Sri Lanka, Thailand, Vietnam and America have business of Murugappa Group. This has given international companies Groupe Chimique Tunisien, Foskor, Mitsui Sumitomo, Morgan Advanced Materials and Yanmar & Co. Are strong partnerships with.
The group’s holding company is Ambadi Investments Limited, which is owned by the family and holds a control stake in many group companies. While the family is managed through Murugappa Management Services Limited (MMSL), which has been working since 1972.
The Murugappa Group is currently being led by family members of the fourth and 5th generations. MM Murugappan is the executive president of the Group, as well as he is included in the board of Carborandum Universal (CUMI) and Chola MS General Insurance. Vellyan Subbaiah is the chairman of the Cholamandalam Investment and Finance Company. A Vellion is Emeritus, Chairman of Coromandel International, while Arun Murugappan is the President of the Tube Investments of India. A total of 10 members in the group are active in the fourth and fifth generations. MM in the group at a special level Murugappan, Vellayan Subbaiya and Arun Murugappan are playing lead roles.
The Murugappa Group has more than 83,500 employees. The company is now focusing on sectors like electric vehicles, semiconductors and agriculture. The company is contributing to the development of India for about 125 years. The group’s largest company is Chola Investment and Finance Limited, which has a market cap of ₹ 86,507 CR, the second big company is CG Power, which has a market cap of about Rs 55000 crore, while the third major company is Tube Investment of India, whose market cap is about Rs 52000 crore.
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