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What started 100 years ago as a small family run business in indigenous financing is today an INR 52,000 million (USD 1 billion) corporate with diversified interests in abrasives, engineering, farm inputs, confectionery, plantations, sugar, bio-products, chemicals, nutraceuticals, insurance and financial services. |
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The Murugappa Group is today an industry leader in many fields and enjoys a high degree of credibility in the market place. The group is also one of the first Indian corporates to begin the process of transformation from being a family owned business to a professionally run organisation. Recently changes have been effected at the Board level by bringing in professional non family members to run the business.
The group is also the first and only business group in Asia to have been awarded the 'IMD Distinguished Family Business Award' by the internationally famous Management Development Institute located in Lausanne, Switzerland.
Right through its one hundred years of evolution, the group has maintained transparency in all its activities and enjoys an excellent reputation for high ethical standards in whatever business it is in. Highly people oriented, the group has a workforce of nearly 20,000 satisfied employees. Traditional in values but innovative and modern in its outlook, the group is also known to be very environment conscious and eco friendly. Nearly half of its turnover is from agro based products. As part of its globalisation, some of the companies in the Murugappa Group have already started moving towards international accounting practices.
Group Companies
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Carborundum Universal Ltd. - abrasives
Cholamandalam Investment & Finance Co. Ltd. - financial services
Coromandel Fertilisers Ltd. - agro inputs
EID Parry (India) Ltd. - sugar and ceramics
Godavari Fertilisers & Chemicals Ltd. - agro inputs
Parry Agro Industries Ltd. - plantations - tea, coffee, vanilla and Rubber
Tube Investments of India : Cycles, Industrial / Automotive Chains, Engineering
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