Murugappa Group Corporate Brochure

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Murugappa Group Corporate Brochure Driven by Values. Powered by People. Contents 01 36 Overview Financial Services 06 38 Group Structure Cholamandalam Investment 08 and Finance Company Limited Milestones 40 13 Cholamandalam MS General e Murugappa Way Insurance Company Limited 19 42 Legacy Cholamandalam MS Risk Services Limited 20 44 Group Financials Other Businesses 22 46 Group Business Portfolio Parry Agro Industries Limited 24 48 Agriculture MOWS (Murugappa Organo Water Solutions) 26 49 Coromandel International Limited Parry Enterprises India Limited 28 50 E.I.D. Parry (India) Limited Coromandel Engineering Company Limited 30 51 Engineering Ambadi Enterprises Limited 32 53 Carborundum Universal Limited People 34 56 Tube Investments of India Limited Community Initiatives All nancials in this brochure are for FY 2019-2020. Market Capitalisation as of 31st March, 2020 Overview e Murugappa Group has had two core drivers, right from day one: People and Value Creation. Factors that have inuenced its choice of businesses, alliances, standards and strategies. Group companies operate from a position of strength, aligning the interests of stakeholders and maximising the potential of their people. Governance is given the highest importance, to ensure business continuity and smooth transitions. is steadfast path has seen the Group establish a market-leading presence in core sectors such as Agriculture, Engineering and Financial Services. 51,000 Employees 28 Businesses 1 Group 1 Ethos e Murugappa Group had its origins in the banking business in Burma in the 1900s. Over the years, the Group has grown into a conglomerate with a global footprint spanning 40 countries. e Group operates 28 successful businesses catering to diverse markets around the world. Over 51,000 employees work together to create products and services that make a dierence to countless lives around the world. Murugappa Group 01 Global Manufacturing Presence 11 manufacturing locations Australia Industrial Ceramics Chile Nutraceuticals France Industrial Chains Russia Electro Minerals, Abrasives South Africa (2) Electro Minerals, Phosphoric Acid Sri Lanka (2) Bicycles ailand Abrasives Tunisia Phosphoric Acid USA Nutraceuticals 02 2019-2020 Murugappa Group 03 Manufacturing Locations in India 80 manufacturing locations across 16 states 1 3 3 2 State/Union Territory* No. of Plants Companies (No. of Units) 2 2 2 Tamil Nadu 35 E.I.D. (7) CUMI (7) TII (7) Parry Agro (7) Coromandel (4) MMTCL (1) SGL (1) New Ambadi (1) 2 8 1 Gujarat 8 Coromandel (4) CUMI (1) TII (1) MMTCL (1) PEIL (1) Andhra Pradesh 5 Coromandel (3) E.I.D. (1) PSRIL (1) Maharashtra 5 E.I.D. (2) TII (2) Coromandel (1) 5 Karnataka 4 E.I.D. (2) Coromandel (1) Ambadi (1) 1 Kerala 4 CUMI (3) Ambadi (1) Uttarakhand 3 TII (2) CUMI (1) 5 Punjab 3 TII (3) 4 Assam 2 Parry Agro (2) Haryana 2 TII (1) Ambadi (1) Madhya Pradesh 2 Coromandel (1) CUMI (1) 35 Rajasthan 2 Coromandel (2) 4 Uttar Pradesh 2 Coromandel (1) Ambadi (1) Telangana 1 TII (1) West Bengal 1 CUMI (1) Jammu 1 Coromandel (1) 04 2019-2020 Murugappa Group 05 Group Structure. Holding Pattern. Tube Investments of India* E.I.D. Parry (India) Limited* 47.89% 44.77% Shanthi Gears Limited* 70.47% Coromandel International Limited* 59.60% Cholamandalam Financial Holdings Limited* 48.80% Carborundum Universal Limited* 42.05% Cholamandalam Investment and Finance Company Limited* 51.65% Wendt India Limited (JV)* 39.87% Chola MS General Coromandel Engineering Insurance (JV) Company Limited* 60.00% 74.52% *Companies listed on NSE/BSE % represents Murugappa Group shareholding as of June 2020 06 2019-2020 Murugappa Group 07 Milestones The Group’s founder, Dewan Bahadur 1981 AM Murugappa Chettiar TO sets up money lending and banking business in Burma 1990 (now Myanmar) under the name AMM Rm Firm Moves assets to 1950 Formation of the Murugappa Group structure, India before the TO streamlining of core businesses Japanese invasion and realigning of portfolios. of Burma in World 1980 Expands global presence through War II. Ventures Enters agriculture sector with JVs with leading international companies 1900 into industry with the acquisition of the 200-year old ailing company, E.I.D. Parry, TO investments in emery paper and a large sugar manufacturer 1915 steel furniture in Tamil Nadu. Expands further into agriculture, growing the fertiliser business, Coromandel 1991 Establishes companies CUMI enters a new business segment - in core industrial sectors Industrial Ceramics, with technical know-how and re-enters the financial 1984 from CoorsTek of USA services sector CUMI acquires 40% interest in Wendt 1994 1915 (India) Ltd., which manufactures Super Chola MS Risk Services, a unique JV with TO 1949 Abrasives Mitsui Sumitomo, Japan set up to cater to the Establishes TI Cycles 1953 growing need for Risk Assessment, Consulting 1934 of India Limited in Establishes AMM Charities Trust, Sets up Murugappa Morgan ermal and Mitigation collaboration with the formal entity to channelise Ceramics Ltd. (MMTCL), a JV between Tube Investments Limited, the Group’s philanthropic initiatives Morgan ermal Ceramics division TI Cycles launches India’s rst bicycle for girls, UK, the then world’s largest of Morgan Crucible Plc. UK and BSA Ladybird manufacturer of bicycles 1954 Incorporates CUMI, a JV between Carborundum Universal (CUMI) of Murugappa Group 1998 Carborundum Company, USA, TII enhances presence in auto-ancillaries business Universal Grinding Wheel Company, 1985 with exclusive vendor tie-up supplying doorframes UK and the Murugappa Group, India Commissions Parry Agro Mayura, to Hyundai 1934 the biggest tea manufacturing facility The Group diversifies Tube Investments of India (TII) TO in South India. Mayura becomes the 1999 into textiles, rubber diversies operations into tube leading mark in the Kochi Auctions and Formation of the Murugappa Group structure plantations, insurance products, metal formed products 1949 continues to be a leading mark in terms and stock broking. and chains Expands business to of volume and price Malaya (now Malaysia), TI Cycles launches the BSA SLR Late 1980’s Vietnam and Ceylon Brand which caters to the urban E.I.D. Parry begins large scale production (now Sri Lanka) cycling needs of Spirulina 1960 1991 TI Cycles makes its one TO Millionth bicycle 1978 2000 Cholamandalam Investment and Financial Company begins operations in Equipment Finance, lending to small entrepreneurs Pursuing Excellence. Delivering Success. 08 2019-2020 Murugappa Group 09 Milestones Increases global footprint and enhances customer touch points in cycles, farm inputs and general insurance 2001 e Murugappa Group becomes the rst Group in India to win the IMD Distinguished Family Business Award from IMD Switzerland The Murugappa 2002 2011 Group today TIMF begins supplying to the Railways, a new segment TO that grows to capture signicant market share in less than two decades 2019 e Murugappa Group turnover is at INR 381.05 2003 Billion Launches Chola MS General Insurance Company Limited, th a General Insurance Joint Venture with global leader, Coromandel is presently the 5 largest Mitsui Sumitomo Insurance Group, Japan Agrochemical Indian player. Operates the largest network of agri-retail chains, ‘Mana Gromor’ 2004 in India with over 750 centres e Murugappa Group turnover crosses USD 1 Billion mark Achieves ambitious revenue E.I.D. Parry is one of India’s largest integrated E.I.D. Parry launches India’s rst branded sugar targets at 3 times GDP. sugar producers. e company is a global leader – Parry’s Pure Rened Sugar Garners significant leadership positions through increased in the organic spirulina space 2005 capital expenditure and significant CUMI achieves global scale in silicon carbide, with the growth in adjacency CUMI enjoys the widest global footprint in the acquisition of Volzhsky Abrasive Works (VAW), the world’s businesses and acquisitions Murugappa Group with over 20,000 products second largest producer of silicon carbide across 3 business verticals being manufactured in 5 countries and sold in over 50 countries 2007 2011 2016 Coromandel launches unique farm inputs rural retail format, TI Cycles creates a record, manufacturing e Murugappa Group turnover TII is one of the country’s leading engineering Mana Gromor over 4 Million cycles crosses INR 300 Billion companies, the second largest manufacturer of bicycles, and a preferred tier 1 supplier for 2008 Coromandel acquires Sabero Organics Mitsui Sumitomo Insurance the automotive industry TI Cycles takes the bicycle buying experience up several notches – in the Crop Protection Chemicals space Group hikes stake in Chola MS launches innovative retail format Track & Trail to 40% Cholamandalam Investment and Finance TI Cycles launches India’s rst carbon E.I.D. Parry acquires US Nutraceuticals, producer of dietary Company is a leading comprehensive nancial bre bicycle, Montra 2017 formulations and nutraceuticals services company present across 1000+ branches TI Cycles acquires 80% stake in 2012 serving over 10 Lakh customers with an AUM Creative Cycles (Pvt.) Limited e Murugappa Group turnover crosses INR 150 Billion TII acquires Shanthi Gears, brand leader crossing INR 60,000 Crores and Great Cycles (Pvt.) Limited, 2009 and benchmark in industrial gears Sri Lanka Cholamandalam MS General Insurance E.I.D. Parry acquires 76% stake in Sadashiva Sugars Limited 2014 th 2018 is ranked 7 among private insurers serving and enters the state of Karnataka E.I.D. Parry’s SEZ unit at Kakinada records TI holding in nancial services over 14 Million customers. Chola MS’s GWP INR 1000 Crore turnover in its rst full 2010 is unbundled and a nancial is at INR 4000 Crores in premiums and the PBT year of operations Coromandel establishes Joint Venture with SQM Chile and services holding company is setup. is at INR 200 Crores becomes a ‘top 3’ player in India in the Specialty Nutrients space E.I.D. Parry subsidiary, US Nutraceuticals With this divestment, TI becomes Cholamandalam MS Risk Services executes acquires Chile-based Alimtec SA, a key raw a full manufacturing setup 400+ Projects on an average every year.
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