September 26, 2016 6:48 AM ET

Industrial Conglomerates

Company Overview of Murugappa Group Ltd.

Company Overview

Murugappa Group Ltd., a business conglomerate, engages in abrasives, auto components, transmission systems, cycles, sugar, farm inputs, fertilizers, plantations, bio-products, and nutraceuticals businesses. It manufactures fertilizers, specialty nutrients, crop protection products, single super phosphate, refractories, electro minerals, industrial ceramics, ceramic fibers, teas, and ice tea concentrates. The company also offers abrasives, metal working fluids, power tools, electro minerals, industrial ceramics, super refractories, refractory ceramic fibers, ceramic insulation fibers, monolithics, fire protection products, insulating fire bricks, fired refractory shapes, furnaces and fire ass...

Dare House

234, N S C Bose Road

Chennai,  600 001

India

Founded in 1900

Phone:

91 44 2530 6789

Fax:

91 44 2534 0858

Key Executives for Murugappa Group Ltd.

Director of Finance and Executive Director
Age: 58
Vice Chairman, Chief Technology Officer, Head of Human Resources and Director of Technology
Age: 61
Senior Vice President of Group Human Resources
Age: 53
Director of Human Resources, Lead Director of Diversified Business Group and Executive Director
Executive Chairman and Head of Sales & Marketing
Age: 63
Compensation as of Fiscal Year 2016.

Murugappa Group Ltd. Key Developments

Murugappa Group Enter into A Joint Venture with Organo Corp

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

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

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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