Company Overview of Murugappa Group Ltd
Murugappa Group Ltd., an industrial conglomerate, engages in abrasives, auto components, cycles, sugar, farm inputs, fertilizers, plantations, bio-products and nutraceuticals, industrial chains, power transmission systems, and other businesses in India and internationally. It manufactures, markets, and exports coated and bonded abrasives, super refractories, electro minerals, industrial ceramics, and ceramic fibers; precision steel tubes and strips, automobile doorframes, other metal forms, and automotive and industrial chains for industrial, automotive, and agricultural markets; and light roadsters, mountain terrain bikes, all-terrain bikes, children's bikes, bikes with shock absorbers, and...
234, N S C Bose Road
Chennai, 600 001
Founded in 1900
Key Executives for Murugappa Group Ltd
Director of Finance and Director
Vice Chairman, Chief Technology Officer, Head of Human Resources and Director of Technology
Senior Vice President of Group Human Resources
Director of Human Resources and Director
Head of Sales and Marketing and Director
Compensation as of Fiscal Year 2015.
Murugappa Group Ltd Key Developments
Murugappa Group Enter into A Joint Venture with Organo Corp
Aug 6 15
Murugappa Group has announced that it will enter into a joint venture (JV) agreement with Organo Corp. of Japan. The JV in India will be between Organo Group of Japan, and Polutech of the Murugappa Group. Organo Group will hold 49% in the JV, and the remaining portion will continue to be with the Murugappa Group, which has revenues of about INR 269.00 billion. The JV will target industrial water treatment requirements of the growing manufacturing sector in India. With water security becoming the critical need of industrial units, the company expects this tie-up to address the growing demand of industries to recycle and re-use of water.
Murugappa Group Ltd Reports Earnings Results for the Year Ended March 2015
Jun 12 15
Murugappa Group Ltd. reported earnings results for the year ended March 2015. For the year, the company reported 32% growth in net profit to INR 12,830 million compared to INR 9,710 million in the previous fiscal, driven largely by the financial services business. Turnover grew 11% to INR 269,260 million compared to INR 243,500 million and EBITDA grew 11% to INR 29,210 million against INR 26,270 million in the previous year. Profit before tax grew 26% to INR 17,800 million against INR 14,150 million in the previous fiscal year.
A. Vellayan Steps Down as Chairman of EID Parry India Ltd, Murugappa Group and Coromandel International Limited
May 22 15
EID Parry India Ltd. announced that Mr. A. Vellayan has informed the company that in keeping with the values and tradition of the Murugappa Group he is stepping down as Chairman of the company, consequent to the interim order of SEBI dated May 21, 2015, purporting to link him with the alleged insider trading by certain individuals in the shares of Sabero Organics Gujarat Limited. He will continue to be a member of the Board of the company. Mr. A. Vellayan stepped aside from the Chairmanship of Murugappa Group Corporate Board and of Coromandel International Limited until this matter is resolved.
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