Founded in 1900, the INR 295 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., Parry Sugar industries Ltd, Shanthi Gears Ltd., Tube Investments of India Ltd., and Wendt (India) Ltd.
Murugappa Group recorded a turnover of Rs. 30, 023 Crores during 2016-17 (last year Rs. 29,395 Crores). Earnings before Interest, Taxes, Depreciation and Amortisation (EBITDA) posted a growth of 34%, at Rs. 4, 065 Crores (last year Rs.3, 032 Crores). Profit before Tax and Extra Ordinary Items was R... (more)
Parry Nutraceuticals (a division of EID Parry and part of the Murugappa Group) has received the U.S. Food and Drug Administration (US-FDA) approval for its India facility for organic microalgae cultivation and processing. The fully organic, 130 acres - 600 TPA facility, located in Oo... (more)
