Murugappa Group was founded in the year 1900 and has its headquarters located in Chennai, India. The company is one of the leading business conglomerates in India. The Murugappa group is involved in engineering, finance and Agricultural sectors. Let’s look at the subsidiaries of Murugappa group of companies.
CG Power and Industrial Solutions
Cholamandalam MS General Insurance Company
Tube Investments of India Limited
Coromandel International Limited
EID Parry
Carborundum Universal Limited
Cholamandalam Investment and Finance Company Limited
Shanthi Gears Limited
Parry Agro Industries Limited
FAQ
CG Power and Industrial Solutions
CG Power and Industrial solutions Limited is one of the biggest subsidiary company under the Murugappa group. It is an Indian based multinational company. CG Power and Industrial Solutions was founded in the year 1878 and has its headquarters located in Mumbai, India.
The company was formerly known as Crompton Greaves Limited. The company is involved in the design, manufacturing and marketing of products which are related to power transmission, power generation and power distribution. Some of the products of CG Power and Industrial solutions are transformers, HT & LT motors, pump, DC Motors, Railway signaling, etc.
Cholamandalam MS General Insurance Company
Cholamandalam MS General Insurance Company is a financial service company which is a subsidiary company of Murugappa group. It is an Indian based insurance firm. Cholamandalam MS General Insurance Company was founded in the year 2001 and has its headquarters located in Chennai, India.
The company is a joint venture between its parent company Murugappa group and a Japanese insurance firm Mitsui Sumitomo Insurance Group. The company has a wide range of insurance products that include general insurance, health insurance, vehicle insurance, property insurance, travel insurance, accident insurance, marine insurance, crop insurance, etc.
In the year 2011-2012 Cholamandalam MS General Insurance Company was named as the best Insurance Company in India.
Tube Investments of India Limited
Tube Investments of India Limited is an engineering company which is a subsidiary company of Murugappa group. The company was founded in the year 1949 and has its headquarters in Chennai, India. Tube Investments of India Limited has its specialization in engineering, metal formed products, bicycles and chains.
The company was incorporated in the year 1949 as TI Cycles of India Limited. Some of the products of the company include bicycle dominators, automotive chains, car door frames, steel tubes, TMT bars, etc. Some of the well-known bicycle brand under the company is BSA, Hercules, Philips Cycles, Montra, Roadeo, etc.
PV Vyshnavi
Coromandel International Limited
Coromandel International Limited is a public limited company which is a subsidiary of Murugappa group. The company was founded in the year 1960 and has its headquarters in Hyderabad, India. The company focuses in the manufacturing and supplying of fertilizers, pesticides and specialty nutrients.
The company also focuses on its retail business in rural areas of Karnataka, Andhra Pradesh and Maharashtra. Coromandel International Limited has around 16 manufacturing units which are located in the states of Andhra Pradesh, Karnataka, Tamil Nadu, Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, Uttar Pradesh and Jammu and Kashmir.
EID Parry
EID Parry which is the short form of East India Distilleries Parry Limited is a subsidiary company of Murugappa Group. The company was founded in the year 1788 and has its headquarters located in Chennai, India. The company has been doing business for more than 200 years as of now.
EID Parry focuses the manufacturing and marketing of Sugar products, Co-gen, distilleries, value added products, bio-fertilizers and nutraceuticals. The company has around 50,000 employees.
EID Parry is one of the oldest companies in the Indian subcontinent.
Carborundum Universal Limited
Carborundum Universal Limited is an engineering company which is a subsidiary of Murugappa group. Carborundum Universal Limited was founded in the year 1954 and has its headquarters located in Chennai, India. CUMI is the only company which is involved in the manufacturing of abrasive with the diversification.
Carborundum Universal Limited is involved in the manufacturing and development of ceramics, abrasives, refractories, machine tools, aluminum oxide grains, polymers, electro minerals and adhesives in India.
The company has a global presence in countries such as Russia, South Africa, China, Australia, Thailand and Canada. The company was initially established to manufacture the core products required by the collaborating companies.
Kimi Dutta
Cholamandalam Investment and Finance Company Limited
Cholamandalam Investment and Finance Company Limited is a financial service company which is a subsidiary of Murugappa group. The company was founded in the year 1978 and has its headquarters located in Chennai, India. The company provides financial and investment services in India.
Cholamandalam Investment and Finance Company has around 1029 branches across the country. It has a wide range of products which include vehicle finance, home loans, mortgage loans, wealth management, etc. The company was ranked in the 9th position among the top 50 NBFCs in India by the Banking and Finance Post.
Shanthi Gears Limited
Shanthi Gears Limited is a subsidiary company of Tube Investments of India. It is an industry leader in the manufacturing of gear. Shanthi Gears Limited is India’s top gear manufacturing company. The company is one of the biggest names in the industry for gear and gear box solutions.
Parry Agro Industries Limited
Parry Agro Industries Limited is a subsidiary company of Murugappa companies. The company is the leading producers of CTC teas, Organic teas, Orthodox and green teas in India. The company is one of the well-established premier tea growers across the globe.
PV Vyshnavi
FAQ
Who is the founder of Murugappa group?
A. M. M. Murugappa Chettiar is the founder of Murugappa group.
When was Murugappa group founded?
The foundation of Murugappa was laid by Dewan Bahadur A M Murugappa Chettiar, who established a money-lending and banking business in 1900.
How many companies does Murugappa has under it?
Murugappa has 28 businesses including nine listed Companies traded in NSE & BSE.
Conclusion
Murugappa Group is one of the oldest group of companies in India and is one of the most valuable companies in the country.
Author: Alan Joseph
Source : https://startuptalky.com/murugappa-group-subsidiaries/
Date : 2021-04-20T09:11:28.000Z