Murugappa Group
The Murugappa Group is a diversified conglomerate with a turnover of ₹742 billion, employing over 73,000 people across sectors such as agriculture, engineering, and financial services. It has a significant presence in India's agriculture sector, serves 10 million customers through its financial services, and operates globally in 40 countries.
Company Overview
The Murugappa Group boasts a turnover of ₹742 billion and employs over 73,000 people. With a diverse portfolio that spans multiple sectors, including agriculture, engineering, and financial services, the Group has established a significant presence in these areas. A global enterprise, the Murugappa Group operates in 40 countries across 6 continents, emphasizing its international reach and impact. The Group's operations began in the pre-World War 1 era as a banking enterprise in Burma (Myanmar).
Murugappa Group Agriculture Sector Impact
The Murugappa Group has a significant presence in India's agriculture sector, impacting nearly 20 million farmers. Coromandel International Ltd., a key player in the Group, is the largest manufacturer of phosphatic fertilizer in the private sector. Additionally, EID Parry, one of India's largest integrated sugar producers, contributes significantly to the agricultural landscape. Parry Agro Industries Limited enhances the Group's agricultural footprint by producing around 13 million kilograms of tea annually. Coromandel International Ltd. also operates India's largest rural retail chain with over 800 outlets.
Light Engineering Leadership
The Murugappa Group is a leader in the light engineering sector with a dominant market share. Tube Investments of India Limited stands out as the second-largest bicycle producer in the country. Carborundum Universal Limited (CUMI), another notable subsidiary, manufactures over 20,000 product varieties in 31 state-of-the-art facilities across five countries. These ventures underscore the Group's strong engineering capabilities and expansive product range.
Financial Services Reach
Serving a customer base of 10 million, the Murugappa Group's financial services companies play a vital role in the financial sector. Cholamandalam Investment and Finance Company Limited anchors this segment with an asset base of over INR 540 billion. Alongside, Cholamandalam MS General Insurance Company Limited services over 10 million customers. Furthermore, Cholamandalam MS Risk Services Limited has undertaken over 8,500 consulting projects across 42 industrial sectors, demonstrating its extensive service portfolio and expertise.
Diverse Portfolio
Beyond its primary business sectors, the Murugappa Group has a diverse portfolio including niche segments like tea and travel solutions. The Group's companies have garnered numerous awards for business excellence, operational excellence, sustainability, and progressive human resource practices. This portfolio diversification solidifies the Group's adaptability and resilience across various industries.