Private company

Murugappa Group

Logo: The logo may be obtained from Murugappa Group., Non-free logo, via Wikipedia3

Indian conglomerate

Murugappa Group is an Indian conglomerate founded in 1900 by A. M. Murugappa Chettiar. The Group has 29 businesses including 10 companies listed on the NSE and the BSE. Headquartered in Chennai, the major companies of the Group include Carborundum Universal, Cholamandalam Financial Holdings, Cholamandalam Investment and Finance, Cholamandalam MS General Insurance, Coromandel International, EID Parry, Parry Agro Industries, Shanthi Gears, Tube Investments of India, Wendt (India), and CG Power and Industrial Solutions.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1900Founded1
Dare House,Chennai
Photo: Samueljjohn, CC BY-SA 4.0, via Wikimedia Commons5

Murugappa Group is an Indian conglomerate founded in 1900 by A. M. Murugappa Chettiar. The Group has 29 businesses including 10 companies listed on the NSE and the BSE. Headquartered in Chennai, the major companies of the Group include Carborundum Universal, Cholamandalam Financial Holdings, Cholamandalam Investment and Finance, Cholamandalam MS General Insurance, Coromandel International, EID Parry, Parry Agro Industries, Shanthi Gears, Tube Investments of India, Wendt (India), and CG Power and Industrial Solutions. In 2024, their net worth was estimated as ₹85,000 crore (₹850,000,000,000, or about US$9.8 billion).2

Corporate structure

Murugappa Group sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Murugappa Group reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

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 up in Moulmein, Burma (now Myanmar) and then spread to British Malaya, Ceylon, Dutch East Indies and French Indo-China.

1921–1930

In the 1930s the business was moved back to India.

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 the (present day the TI 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)

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1960: 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

2030: 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 the 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

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 acquired U. S. Nutraceuticals LLC (Valensa International), a Company based in Florida, USA

December: Coromandel International acquired Sabero Organics, a leading player in crop protection products

2013:

January: Coromandel International acquired Liberty phosphates, India's leading single super phosphate producer

2014:

October: Tube Investments of India Limited set up a plant for Large Diameter Tubes

2015:

August: TI Cycles of India acquired the Brand Licensing Rights for Ridley Bikes, Belgium

2016:

June: TI Cycles set up a new Bicycle factory in Punjab

September: CUMI launched cumidirect.com, an online store for warehouse equipment, power tools, and industrial ceramics.

September: Tube Investments of India Limited entered into a joint venture with Absolute Speciality to open Bicycle cafes in India under the Ciclo Cafe brand

2017:

March: Tube Investments of India Limited's incubation cell launched India's first online-only Bicycle brand, Brooks

March: CUMI set up a new facility in Kochi for Composite Electro-minerals

Dec: TI Cycles announces the signing of an agreement for the acquisition of controlling stake in Creative Cycles & Great Cycles, Sri Lanka

2018:

Jan: EID Parry and Synthite Industries announce 50-50 joint venture

April: Coromandel International acquires bio-pesticide business of EID Parry (India)

Tube Investments of India Limited Launch a building construction material TI Macho TMT introduced in 27 November

2020:

November - Murugappa acquires 56% stake in CG Power and Industrial Solutions

From Wikipedia’s article on Murugappa Group, shared under CC BY-SA 4.0.4

Products and brands

  • bicycle

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries

Also owns

From Wikidata.1

Timeline

  1. 1900Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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