Murugappa Group: Legacy of a Century-Old South Indian Conglomerate
- Group Name: Murugappa Group
- Founded In: 1900
- Founder: Dewan Bahadur A. M. Murugappa Chettiar
- Current Group Chairman: M. V. Subbiah
- Executive Chairman: M. M. Murugappan
- Head Office: Chennai, Tamil Nadu, India
Family Heritage & Business Legacy
Steered by the 5th and 6th generations, the Murugappa Group exemplifies South Indian family business excellence. Their governance model merges traditional values with modern business practices.
Core Values:
- Integrity & transparency
- Long-term sustainability
- Community-driven growth
Key CSR Initiatives:
- Education: Murugappa schools, AMM Foundation
- Healthcare: Murugappa Medical Centre (MMC)
Their family-centric leadership model emphasizes ethical entrepreneurship and inclusive growth.
Murugappa Group’s Listed Companies (As of October 2023)
The group commands a significant presence in the Indian stock market through seven publicly traded companies across diverse sectors:
| Company | Share Price (INR) | Market Cap (INR Cr) | Industry Segment | Key Offerings | Location |
| Carborundum Universal | 1,450 | 27,500 | Abrasives & Ceramics | Grinding wheels, advanced ceramics | Chennai, TN |
| Cholamandalam Investment | 1,200 | 1,15,000 | Financial Services | Vehicle loans, home finance | Chennai, TN |
| Coromandel International | 1,100 | 35,000 | Agri-tech & Chemicals | Fertilizers, crop protection | Secunderabad, TS |
| EID Parry | 600 | 10,500 | Sugar & Renewables | Sugar, nutraceuticals, bio-pesticides | Chennai, TN |
| Shanthi Gears | 400 | 2,200 | Precision Engineering | Gears, custom-built motors | Coimbatore, TN |
| Tube Investments of India | 3,200 | 55,000 | Engineering & Mobility | Bicycles, metal-formed components | Chennai, TN |
| Wendt India | 5,800 | 1,800 | Super Abrasives | Diamond wheels, precision grinding solutions | Bengaluru, KA |
Note: Market caps and stock prices are indicative and subject to market fluctuations.Leadership & Governance Structure
- M. V. Subbiah – Group Chairman, focused on legacy and long-term vision
- M. M. Murugappan – Executive Chairman, steering innovation and growth
- Managing Directors – Lead individual companies with professional acumen
The Murugappa Group’s unique governance model balances family values with professional management, ensuring consistency and innovation.
Digital Footprint & Online Engagement
- Official Website: murugappa.com
- Twitter/X: @MurugappaGroup
- YouTube: Murugappa Group Channel
- CSR & Sustainability: Explore Reports
Evolution & Strategic Milestones
Early Years (1900–1947)
- Started with banking in colonial Burma and Malaya
- Laid the foundation for ethical and global business thinking
Post-Independence Era (1948–1980)
- Forayed into manufacturing — TI Cycles, EID Parry
- Built India’s early industrial ecosystem
Also Read: Kirloskar Group: 135+ Years of Engineering Legacy & Stock Market Presence
Diversification Phase (1980s–2000s)
- Expanded into finance, engineering, and agrochemicals
- Consolidated presence across India
Modern Era (2000s–Present)
- Embraced AI, EVs, and sustainable agriculture
- Focus on renewable energy, digitization, and global M&A
Noteworthy Achievements
- Revenue: ₹50,000+ Crore (FY 2022–23)
- Global Footprint: 40+ companies across 6 continents
- Recognitions:
- Best Managed Company by Deloitte (2022)
- Top Indian CSR Leader (2021)
- Global Ties: Collaborations with Mitsui, Mitsubishi, and GCT (Tunisia)
Future Outlook & Investments
- Electric Vehicles: ₹1,000 Cr pumped into TI Clean Mobility
- Sustainable Energy: Solar power through EID Parry initiatives
- Global Expansion: Acquisition of CUMI Europe (2021) for abrasives leadership
Conclusion
The Murugappa Group exemplifies how a family-run business from South India can evolve into a global industrial powerhouse. With over a century of legacy, ethical business practices, and bold investments in innovation, it continues to shape India’s economic future.
📢 Stay Updated: Follow the Murugappa Group on Twitter or visit murugappa.com for the latest updates.
