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About Us
From Burma to the world.
A history of enterprise.

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 369 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

The Murugappa Group turnover is at INR 381.05 billion

Coromandel is presently the 5th largest Agrochemical Indian player. Operates the largest network of agri-retail chains, ‘Mana Gromor’ in India with over 750 centres

E.I.D. Parry is one of India’s largest integrated sugar producers. The company is a global leader in the organic spirulina space

CUMI enjoys the widest global footprint in the Murugappa Group with over 20,000 products across 3 business verticals being manufactured in 5 countries and sold in over 50 countries

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

Cholamandalam Investment and Finance Company is a leading comprehensive financial services company present across 1000+ branches serving over 10 Lakh customers with an AUM crossing INR 60,000 Crores

Cholamandalam MS General Insurance is ranked 7th among private insurers serving over 14 million customers. Chola MS’s GWP is at INR 4000 Crores in premiums and the PBT is at INR 200 Crores

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

The Murugappa Group turnover is at INR 381.05 billion