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Murugappa Group Stocks

The Murugappa Group is a conglomerate based in Chennai, India. The group has grown into a diverse entity with interests spanning various sectors, incl

The Murugappa Group is a conglomerate based in Chennai, India. The group has grown into a diverse entity with interests spanning various sectors, including engineering, abrasives, finance, general insurance, cycles, sugar, farm inputs, fertilisers, plantations, bio-products, and nutraceuticals.
The conglomerate is known for its strong values of integrity, passion, quality, respect, and responsibility, which guide its business operations. With over 50,000 employees and a presence in 32 countries, the Murugappa Group has established itself as a major player in the Indian economy, contributing significantly to its industrial and financial growth. Its companies are leaders in their respective domains, driven by innovation and a commitment to excellence, making the Murugappa Group a respected name in the global business community.

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History of Murugappa Group

In 1900, Dewan Bahadur AM Murugappa Chettiar established a money lending and banking business in Burma under the name AMM Rm Firm. Later, the group diversified into various businesses, such as rubber plantations, textiles, insurance, and stock broking. They expanded to various other regions like Vietnam, Malaysia and Sri Lanka before entering India between 1934 to 1949. 

Between 1991 to 2000, Murugappa Group was formed by building a strong and leading company in the market in key sectors like financial services, agri-solutions and engineering. As of 2023, Murugappa Group is an ₹742 billion conglomerate with a presence worldwide. The Group is diversified into 28 businesses and manufacturing units in 11 locations in the world.

Murugappa Group’s Sector Presence

Murugappa Group currently operates in sectors such as:

  • Financial Services: Through Cholamandalam Investment and Finance Company Limited (CIFCL), Cholamandalam MS General Insurance Company Limited and Cholamandalam MS Risk Services Limited, the Group provides insurance and financial services.
  • Agriculture: Through Coromandel International Ltd, EID Parry (India) Limited, and Parry Agro Industries Limited, the Group is in the agricultural sector. 
  • Engineering: Through Carborundum Universal Limited (CUMI), Tube Investments of India Limited (TII) and CG Power, the Group offers engineering solutions.
  • Others: The Group has a presence in other business sectors, such as construction and real estate development, through their company Coromandel Engineering Limited and textile products through Ambadi Enterprises Limited. They also offer mosquito-proofing solutions, food ingredients and flavouring agents marketing, travel solutions and solar energy solutions through their Group company, Parry Enterprises

Key Personnel of the Murugappa Group

MM Murugappan, Executive Chairman

MM Murugappan is the Executive Chairman of the Murugappa Group. He also serves on the Boards of several companies, such as Cyient Limited, IIT Madras Research Park and Ambadi Investments Limited.

How To Invest in the Murugappa Group Stocks?

Investing in Murugappa Group stocks via Angel One is easy. Simply follow these steps:

  • Log in to your Angel One account.
  • Click on the search icon and look for your desired Murugappa Group stock.
  • Now, place your buy order. Simply click on the ‘Buy’ button, enter your desired quantity, and select the order type. 
  • To complete your transaction, click on the ‘Buy’ button.

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FAQs

The listed stocks of Murugappa Group are Cholamandalam Investment and Finance Company Ltd, Tube Investments of India Ltd, Coromandel International Ltd, Carborundum Universal Ltd, Cholamandalam Financial Holdings Ltd, E I D-Parry (India) Ltd, Shanthi Gears Ltd and Wendt (India) Limited.
As of January 20, 2024, the largest Murugappa Group stock based on the market capitalisation is Cholamandalam Investment and Finance Company Ltd. The market cap of the company is ₹1,08,461.48 crore.
The founder of Murugappa Group is Dewan Bahadur AM Murugappa Chettiar. In 1900, he started the Group in Burma, which is currently Myanmar.
Cholamandalam Investment and Finance Company Ltd earned a net profit of ₹772.87 crore in the quarter that ended September 30, 2023, making it the highest profit-making company in the Murugappa Group.
Cholamandalam Investment and Finance Company Ltd has the highest debt in the Murugappa Group stock, where the total debt is ₹97,357.50 crore as of January 20, 2024.
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