Founded in 1900, the Murugappa Group is an Indian business conglomerate, founded, managed, and largely owned by the Murugappa family. The group has 28 businesses including eleven listed companies actively traded in NSE & BSE. Headquartered in Chennai, the major companies of the group include Carborundum Universal Ltd, Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., EID Parry (India) Ltd., ParryAgro Industries Ltd., Tube Investments of India Limited, and Wendt (India) Ltd, Shanthi Gears Limited (Coimbatore)
Active in several segments including abrasives, auto components, bicycles, sugar, farm inputs, Fertilizers, plantations, bioproducts and nutraceuticals, the group has forged strong alliances with leading international companies like Groupe Chimique Tunisien, Foskor, Cargill, Mitsui Sumitomo, Morgan Crucible and Sociedad Química y Minera de Chile (SQM). The Group has a widest geographical presence spanning 13 states in India and five continents around across the globe.
Brands like BSA, Hercules, Ballmaster, Ajax, Parry’s, Chola, Gromor and Paramfos are from the stables of Murugappa. The organisation has a workforce of over 32,000 employees.
==History
1901 - 1910
The foundation for this group was laid by Dewan Bahadur A M Murugappa Chettiar who established a money-lending and banking business in 1900.
The business was first set up in Burma (now Myanmar) and then spread to Malaysia, Sri Lanka, Indonesia and Vietnam.
1921 - 1930
In the 1930s the business was moved back to India to start all over again from the scratch.
1941 - 1950
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(present dayTI Group)
1951 - 1960
1954: Carborundum Universal of Madras India Limited (present day Carborundum Universal Ltd) was established in Madras, Tamil Nadu, as a tripartite collaboration between the Murugappa Group, The Carborundum Company Limited USA and the Universal Grinding Wheel Co. Limited, U.K
1955: Tube Investments of India Limited Established Tube Products of India Limited in association with Tube Products (Old Bury) Limited, UK
1960:
Tube Investments of India Limited Established TI Diamond Chains Limited in association with Diamond Chain Company( USA)
Tube Investments of India Limited Established TI Miller in association with Miller, UK
1961 - 1970
1965: Established TI Metal Forming
1968: Purchased Kadamane Estates
1971 - 1980
1978: Carborundum Universal Ltd acquired Eastern Abrasives Limited
1981 - 1990
1981:
Murugappa Group Took over EID Parry
1983:
Murugappa Morgan Thermal Ceramics Limited is established as a JV between Morgan Thermal Ceramics division of Morgan Crucible Plc. UK and Carborundum Universal Ltd (CUMI) of Murugappa Group
Murugappa Group established Polutech Limited in association with EPI( USA)
1990: Tube Investments of India Limited Acquired Press Metal
1991 - 2000
1991:
The House of Khataus Group divested its share in Wendt (India) Limited (WIL) to Carborundum Universal Ltd (CUMI)
Prodorite Anticorrosives Limited becomes a subsidiary of Carborundum Universal Ltd
1993:
TIDC India acquired Satavahana Chains
EID Parry merged Murugappa Electronics Limited with itself as Murugappa Industrial & Technical Services [Division]
1994:
Chevron Corporation Group California Chemical Company (now called Chevron Chemical Company) divested its share in Coromandel International to EID Parry
Carborundum Universal Ltd acquired Cutfast Abrasive Tools Limited and Cutfast Polymers Limited
1995:
January: EID Parry de-merged Murugappa Industrial & Technical Services as MEL Systems and Services Electronics Limited
June: Carborundum Universal Ltd acquired Sterling Abrasives Limited
December: Murugappa Group exited from electronics business after EID Parry divested MEL Systems and Services Electronics Limited
1999
Tube Products of India acquired Steel Strips And Tubes Limited
International Minerals and Chemical Corporation (IMC) divested its share in Coromandel International to EID Parry. Following this sale Coromandel Fertilisers Limited (present day Coromandel International) became a Group company.
November: Murugappa Corporate Board formed.
2001 - 2010
2001:
Tube Investments of India Limited acquired Cholamandalam Investment and Finance Company Limited
Established Cholamandalam MS General Insurance Company Ltd
2003:
July: Government of Andhra Pradesh divested its share in Godavari Fertilizers & Chemicals Limited to Coromandel International
November: Indian Farmers Fertiliser Cooperative Limited (IFFCO) divested its share in Godavari Fertilizers & Chemicals Limited to Coromandel International. Thus Godavari Fertilizers & Chemicals Limited became a Murugappa Group Company [1]
December: Godavari Fertilizers & Chemicals Limited merged with Coromandel International
2006: Coromandel Fertilizer (present day Coromandel International) acquired Ficom Organics Limited
2008: Carborundum Universal Ltd (CUMI) acquired Foskor Zirconia (Pty) Limited
2009: Coromandel Fertilizer changed to its present name Coromandel International with new logo
2010: Tube Investments of India Limited acquired Sedis Chain France
2011 - 2020
2011:
October: EID Parry (India) Limited, completed the acquisition of U. S. Nutraceuticals LLC (Valensa International), a Company based in Florida, USA
December: Coromandel International Limited completed the acquisition of Sabero Organics, a leading player in crop protection products
2013:
January: Coromandel International Limited Acquires Liberty phosphates, India's leading single super phosphate producer
2016:
September: cumidirect.com, India's leading warehouse equipment and industry product traders and suppliers.
