Murugappa Group

Murugappa Group

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Murugappa Group

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Description:
The Murugappa Group is conglomerate company headquartered in Chennai, India, with a valuation of $3 billion as of March 31, 2010. It is a market leader in diverse areas of business including Engineering, Abrasives, Finance, General insurance, Bicycles, Sugar, Farm Inputs, Fertilizers, Plantations, Bio-products and Nutraceuticals. Its 29 businesses have manufacturing facilities spread across 13 states in India, with over 32,000 employees. The Group has forged strong joint venture alliances with international companies like Mitsui Sumitomo, Foskor, Cargill and Groupe Chimique Tunisien to consolidate its status as one of the fastest growing diversified business houses in India.

History

The business has its origins in 1900, when Dewan Bahadur A M Murugappa Chettiar established a money-lending and banking business in Burma (now Myanmar), which then spread to Malaysia, Sri Lanka, Indonesia and Vietnam. In the following 100 years, it has withstood enormous vicissitudes, including strategically moving its assets back to India and restarting from scratch in the '30s, before the Japanese conquest of Burma in World War II.

Starting with a sandpaper plant, the Group forayed into making steel safes, and then into manufacturing. It set up an insurance company, and bought a rubber plantation; making a small but significant beginning. Today, it is one of the country's biggest industrial houses. Group turnover crossed the $1 billion mark in 2003-04, with a growth of 25 per cent over Rs...
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