Founded in 1900, the INR 329 Billion Murugappa Group is one of India’s leading business conglomerates. The Group has 28 businesses including nine listed Companies traded in NSE & BSE. Headquartered in Chennai, the major Companies of the Group include Carborundum Universal Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Shanthi Gears Ltd., Tube Investments of India Ltd., TI Financial Holdings Ltd and Wendt (India) Ltd.
Market leaders in served segments including Abrasives, Auto Components, Transmission systems, Cycles, Sugar, Farm Inputs, Fertilisers, Plantations, Bio-products and Nutraceuticals, the Group has forged strong alliances with leading international companies such as Groupe Chimique Tunisien, Foskor, Mitsui Sumitomo, Morgan Advanced Materials, Sociedad Química y Minera de Chile (SQM),Yanmar & Co. and Compagnie Des Phosphat De Gafsa (CPG). The Group has a wide geographical presence all over India and spanning 6 continents.
Renowned brands like BSA, Hercules, Montra, Mach City, Ballmaster, Ajax, Parry’s, Chola, Gromor, Shanthi Gears and Paramfos are from the Murugappa stable. The Group fosters an environment of professionalism and has a workforce of over 35,000 employees.
Group Heritage
The story of the Murugappa Group is a legacy of entrepreneurship that started in 1934 and lives to this day.
Our journey began in 1898 when 14 year old Murugappa Chettiar accompanied his uncle as an apprentice to the British province of Burma. He eventually set up his own banking practice, with his fluency in Burmese giving him an uncommon edge. By 1914, he had secured his firm’s position as second only to The Imperial Bank of Burma.
The great depression, World War and growing sentiment against foreigners cast a shadow on the future of the business in Burma. Employing keen foresight, Dewan Bahadur had the family funds transferred to India before the Burmese government took over foreign holdings. The origins of the group in India can be traced back to this prudent act. In India, he encouraged his three sons to seize opportunities that would diversify their businesses. A series of investments included a sandpaper plant, manufacturing of steel safes, setting up of an insurance company, a rubber plantation and more. The Group has drawn from its heritage and carried out organisational and entrepreneurial changes with transparency; and was one of the first to successfully transition from a family-managed group to a professionally managed corporate house.
Group-philosophy
This was the basic principle laid out by our founder, over a century ago and the tradition has endured. Today, this belief continues to guide our decisions and define our work ethics.
Caution Notice
The public is hereby cautioned that it has been brought to our notice that certain unscrupulous persons/agencies are issuing fake sanction letters to customers and getting their signatures in fake loan agreements purporting to be a loan sanction letter & loan agreement of Murugappa Group and such persons /agencies are attempting to extort money by demanding security deposit/processing fee/insurance fee from the gullible customers for processing the required loan etc. In the aforesaid documents, those unscrupulous persons/agencies are also using the registered logo and name of Murugappa Group against law with intent to gain wrongfully by using the goodwill and reputation of the Group.
Please be informed that Murugappa Group is not a separate legal entity and never requires any customers to pay any advance money or deposit for loan sanctioning. Public is cautioned not to rely or act on any such fraudulent sanction/offer made in the name of Murugappa Group without verifying the authenticity of the contents.
Customers who are interested in availing loans may directly contact any of the nearest branch of Cholamandalam Investment and Finance Company Limited (Cholamandalam) a constituent of our group for further details or get in touch with us at 1800 200 4565 or alternatively email at customercare@chola.murugappa.com, or SMS at 9500000312.
MURUGAPPA GROUP