The Murugappa Group began as a banking enterprise in the pre -World War 1 era in Burma (Myanmar).
Shifting to India during the turbulent war years, the Group established its base in the South. It grew by leaps & bounds, building strong, market-leading companies in critical sectors like agri-solutions, financial services & engineering.
Today, the Murugappa Group is an INR 778 billion conglomerate, with an exceptional reputation for value creation and high standards of governance.
Milestones
A journey of excellence. Across paradigms
Our milestones reflect our eventful journey since 1900.
1900 TO 1915
The Group's founder, Dewan Bahadur AM Murugappa Chettiar sets up money lending and banking business in Burma (now Myanmar) under the name AMM Rm Firm
The Group diversifies into textiles, rubber plantations, insurance and stock broking. Expands
business to Malaya (now Malaysia), Vietnam and Ceylon (now Sri Lanka)
1915 TO 1934
1934 TO 1949
Moves assets to India before the Japanese invasion of Burma in World War II. Ventures into
industry with investments in emery paper and steel furniture
1949
Establishes TI Cycles of India Limited in collaboration with Tube Investments Limited, UK, the world’s largest manufacturer of bicycles at the time.
1934 TO 1949
Moves assets to India before the Japanese invasion of Burma in World War II. Ventures into
industry with investments in emery paper and steel furniture
Establishes companies in core industrial sectors and re-enters the financial services sector
1950 TO 1980
1950 TO 1980
Establishes companies in core industrial sectors and re-enters the financial services sector
1953
Establishes AMM Charities Trust, the formal entity to channelise the Group's philanthropic initiatives
1954
Incorporates CUMI, a JV between Carborundum Company, USA, Universal Griding Wheel Company, UK and the Murugappa Group, India
Tube Investments of India (TII) diversifies operations into tube products, metal formed products and chains
TI cycles launches the BSA SLR Brand which caters to the urban cycling needs
1960
TI cycles makes its one millionth bicycle
1978
Cholamandalam Investment and Financial Company begins operations in Equipment Finance, lending to small entrepreneurs
1981 TO 1990
Enters agriculture sector with the acquisition of the 200-year old ailing company, E.I.D. Parry, a
large sugar manufacturer in Tamil Nadu. Expands further into agriculture, growing the fertiliser business through its company Coromandel International Limited
1984
CUMI acquires 40% interest in Wendt (India) Ltd., which manufactures Super Abrasives.
Sets up Murugappa Morgan Thermal Ceramics Ltd. (MMTCL), a JV between Morgan Thermal
Ceramics division of Morgan Crucible Plc. UK and Carborundum Universal (CUMI)of
Murugappa Group
1985
Commissions Parry Agro Mayura,the biggest tea manufacturing facility in South India. Mayura
becomes the leading mark in the Kochi Auctions and continues to be a leading mark in terms of
volume and price
Late 1980’s
E.I.D. Parry begins large scale production of Spirulina
1981 TO 1990
Enters agriculture sector with the acquisition of the 200-year old ailing company, E.I.D. Parry, a
large sugar manufacturer in Tamil Nadu. Expands further into agriculture, growing the fertiliser business through its company Coromandel International Limited
Formation of the Murugappa Group structure,streamlining of core businesses and realigning of portfolios. Expands global presence through JVs with leading international
companies
1991 TO 2000
1991
CUMI enters a new business segment - Industrial Ceramics, with technical
know-how from CoorsTek of USA
1994
Chola MS Risk Services, a unique JV with Mitsui Sumitomo, Japan set up to cater to the growing
need for Risk Assessment, Consulting and Mitigation.
TI Cycles launches India’s first bicycle for girls, BSA Ladybird
1998
TII enhances presence in auto-ancillaries business with exclusive vendor tie-up supplying
doorframes to Hyundai
1999
Formation of the Murugappa Group structure
1991 TO 2000
Formation of the Murugappa Group structure,streamlining of core businesses and realigning of portfolios. Expands global presence through JVs with leading international
companies
2001 TO 2010
Increases global footprint and enhances customer touch points in cycles, farm inputs and
general insurance
2001
The Murugappa Group becomes the first Group in India to win the IMD Distinguished Family
Business Award from IMD Switzerland
2002
TI Metal Forming begins supplying to the Railways, a new segment that grows to capture significant market
share in less than two decades
2003
Chola MS General Insurance Company Limited, a General Insurance Joint Venture with global
leader Mitsui Sumitomo Insurance Group, Japan, is launched
2004
The Murugappa Group turnover crosses the USD I billion mark. E.I.D. Parry launches India’s first
branded sugar– Parry’s Pure Refined Sugar.
2005
CUMI achieves global scale in silicon carbide, with the acquisition of Volzhsky Abrasive Works
(VAW), the world’s second largest producer of silicon carbide
2007
Coromandel launches unique farm inputs rural retail format, Mana Gromor
2008
TI Cycles takes the bicycle buying experience up several notches – launches innovative retail
format Track & Trail
E.I.D. Parry acquires US Nutraceuticals, producer of dietary formulations and nutraceuticals
The Murugappa Group turnover crosses INR 150 billion
2009
E.I.D. Parry acquires 76% stake in Sadashiva Sugars Limited and enters the state of Karnataka
2010
Coromandel establishes Joint Venture with SQM, Chile, and becomes a ‘top 3’ player in India in
the Specialty Nutrients space
TII ventures into Europe with the acquisition of SEDIS, France, an industrial chains
manufacturer
E.I.D. Parry acquires majority stake in GMR Industries Limited, with manufacturing units in Karnataka and Andhra Pradesh.
2001 TO 2010
Increases global footprint and enhances customer touch points in cycles, farm inputs and
general insurance
Achieves ambitious revenue targets at 3 times GDP. Garners significant leadership positions
through increased capital expenditure and significant growth in adjacency
businesses and acquisitions
2011 TO 2019
2011
TI Cycles creates a record, manufacturing over 4 million cycles
Coromandel acquires Sabero Organics in the Crop Protection Chemicals space
TI Cycles launches India’s first carbon fibre bicycle, Montra
2012
TII acquires Shanthi Gears, brand leader and benchmark in industrial gears
2014
E.I.D. Parry’s SEZ unit at Kakinada records INR 1000 Crore turnover in its first full year of
operations
E.I.D. Parry subsidiary, US Nutraceuticals acquires Chile-based Alimtec SA, a key raw material
supplier for its US arm
Coromandel acquires Liberty Phosphates, becoming the largest Single Super Phosphate player in India
Coromandel enters farm mechanisation joint venture with Yanmar, Japan
Tube Products of India expands into non-auto segments
2016
The Murugappa Group turnover crosses INR 300 billion
Mitsui Sumitomo Insurance Group hikes stake in Chola MS to 40%
2017
TI Cycles acquires 80% stake in Creative Cycles (Pvt) Limited and Great Cycles (Pvt) Limited,
Sri Lanka
2018
TI holding in financial services is unbundled and a financial services holding company is setup.
With this divestment, TI becomes a full manufacturing setup
2019
TI Cycles commences operations at Rajpura and achieves production of 1 Lakh bicycles per
month
2011 TO 2019
Achieves ambitious revenue targets at 3 times GDP. Garners significant leadership positions
through increased capital expenditure and significant growth in adjacency
businesses and acquisitions
The Murugappa Group Today: 2020-Till Date
The Murugappa Group turnover is at INR 778 billion
Coromandel is the largest private sector NPK player and the largest single super phosphate player. Operates the largest network of agri-retail chains, ‘Mana Gromor’ in India with over 750 centres
E.I.D. Parry is a leader in the sugar industry, and has now entered the FMCG space. The company serves 1.5 lakh farmers.
CUMI is a pioneer and industry leader in materials science and engineering, and is one of the largest silicon carbide producers in the world.
TII is one of the country’s leading engineering companies, the second largest manufacturer of bicycles, and a preferred tier 1 supplier for the automotive industry.
CG Power and Industrial Solutions is an engineering conglomerate which has made a foray into the semiconductor industry, and is a leader in the electrical engineering industry.
Cholamandalam Investment and Finance Company is a leading comprehensive financial services company present across 1400+ branches serving over 40 Lakh customers with an AUM crossing INR 1.7 Lakh Crore
Cholamandalam MS General Insurance is a leading private insurer serving over 16 million customers. Chola MS’s GWP is over INR 7,500 Crore in premiums.
Cholamandalam MS Risk Services executes 400+ Projects on an average every year. In EHS Risk Engineering Consultancy, the company has the largest contingent of 270+ engineers.
Parry Agro produces 13 million kgs of tea on its own and has outsourced leaf production of 1 million kg from the Assam Rajajuli factory. Paralai estate in Annamalai, Tamil Nadu, is certified organic.
The Murugappa Group Today: 2020-Till Date
The Murugappa Group turnover is at INR 778 billion
