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 in uenced 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 di erence 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 diversi es 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 signi cant 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 Re ned 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. In EHS TII ventures into Europe with the acquisition of SEDIS, France, material supplier for its US arm an industrial chains manufacturer 2019 Risk Engineering Consultancy, the company has Coromandel acquires Liberty Phosphates, TI Cycles commences operations the largest contingent of 270+ engineers E.I.D. Parry acquires majority stake in GMR Industries Limited, becoming the largest Single Super at Rajpura and achieves with manufacturing units in Karnataka and Andhra Pradesh Phosphate player in India production of 1 Lakh bicycles Parry Agro produces 13 Million kgs of tea on per month its own and outsourced leaf production of 1 Million Coromandel enters farm mechanisation kg from the Assam Rajajuli factory. Paralai estate joint venture with Yanmar, Japan in Tamil Nadu, Annamalai is certi ed organic
TPI expands into non-auto segments 2001 TO 2010
10 2019-2020 Murugappa Group 11 The Murugappa Way
e Murugappa Way embodies the Group’s business ethic and value system. It enables employees to keep rm sight on the guiding principles and values even as they pursue performance and progress.
e two key elements are:
Five Lights
Arthashastra Philosophy
Led by Vision. Guided by Ethics.
Murugappa Group 13 Five Lights
The light of IN EGRITY that gives us the courage to always do the right thing
The light of The light of
that gives us the humility that provides us to think about the world around us with the desire to win
The light of The light of
that inspires people which makes us around us to perform dream of excellence
The Five Lights of the Murugappa Group e Five Lights represent the Murugappa Group’s value system, and working culture. At the core of the Group’s day-to-day functioning, it helps employees de ne ‘who am I’, ‘how do I work’ and ‘how do I relate to my environment’.
14 2019-2020 The Arthashastra Philosophy
e fundamental principle of economic activity is that no man you transact with will lose, then you shall not. - An excerpt from the Arthashastra
e Murugappa Group approaches every transaction, strategy, and business decision from the perspective of this win-win philosophy
16 2019-2020 Murugappa Group 17 Legacy
Legacy e story of the Murugappa Group in India is a legacy of entrepreneurship that started in 1934 and lives to this day.
When Founder Dewan Bahadur AM Murugappa Chettiar came back from Burma, he laid the foundation of a family business that is one of the longest and most enduring in India’s corporate history.
Four generations of family have guided the Murugappa Group through India’s chequered business history – laying the cornerstones of growth built on tradition, togetherness, ethical values, innovation and discipline.
Each generation strengthened existing businesses and developed new ones, managing the evolution of businesses and governance structures simultaneously. As a result, the Group’s business portfolio is diverse and dynamic.
18 2019-2020 Murugappa Group 19 Group Financials
2019-20 SNAPSHOT
Growth of 3.3% in turnover
EBITDA INR 5,347 Crore For 120 years, the Murugappa Group has established systems and followed sound business practices to enhance value 2.8% PAT growth to all stakeholders. An over last financial approach, that has helped year build this highly respected conglomerate, with Delivering Value. market-leading companies, Market popular brands, high quality A Way of Life. Capitalisation* products & services and INR 46,683 Crore consistent returns year-on-year. ereby, creating an 9 companies eco-system that touches and listed on the BSE & NSE transforms countless lives.
*Market Capitalisation as of 31st March, 2020
20 2019-2020 Murugappa Group 21 Group Business Portfolio
Revenue Composition Group revenue (in Billion INR) over the last 5 years
Other AGRICULTURE Businesses 0% Financial Services Agriculture 2 8 7 . 5 9 2 9 . 0 6 3 0 . 7 9 3 6 8 . 9 0 3 8 1 . 0 5 35% 45% 400
350 Fertilisers Crop Protection Bio Specialty Organic Agri-Retail 2019-20 Chemicals Products Nutrients Manure 300
250
Engineering 200 20% Sugar Ethanol Co-generated Nutraceuticals Sugar 150 Power Re nery Other Businesses 1% 100 ENGINEERING Financial Services Agriculture 50 31% 45% 0 7 9 6 8 2 1 1 1 1 - - - - - 9 8 7 6 5 1 1 1 1 2018-19 1 0 0 0 0 0 2 2 2 2 2 Abrasives Electro Industrial Refractories Power Precision Tubes Bicycles Minerals Ceramics Generation & Steel Strips
Engineering 23% Profit before tax (in Billion INR) over the last 5 years Other Automotive Auto Railway Door Frame Industrial Businesses 1% & Industrial Components Segments & Fine Blanking Gears Financial Chains Services Agriculture 29% 47% 2 6 . 3 0 . 1 3 5 . 1 2 4 2 . 3 4 0 . 6 1 FINANCIAL SERVICES 40 2017-18 35
30
Engineering 25 23% Vehicle Home Equity Home Loans SME Loans Wealth General Risk 20 Finance Management Insurance Management Other 15 Businesses 0% OTHER BUSINESSES Financial 10 Services Agriculture 49% 27% 5
2016-17 0 7 9 6 8 2 1 1 1 1 - - - - - 5 6 7 8 9 1 1 1 1 Tea Rubber Home Nets Travel Construction Water 1 0 0 0 0 0 2 2 2 2 Furnishing & Packaging Services Treatment 2 Products Engineering 24%
22 2019-2020 Murugappa Group 23 Agriculture
Fertilisers
e Murugappa Group impacts Crop Protection Chemicals the lives of Millions of farmers through its sustainable, reciprocal value chain in both the input and output side of the Bio agricultural sector. It has helped Products improve productivity, pro tability and the standard of life, across many parts Specialty of rural India. Nutrients
FINANCIALS INR Organic Manure 170.58 Billion Nurturing Growth. Revenue Yielding Success. Agri- Retail Contribution45% to Group Revenue
INR Sugar 20.80 Billion EBITDA Ethanol 39% Contribution to Group EBITDA Co-generated Power COMPANIES
Nutraceuticals
Sugar Re nery
24 2019-2020 Agriculture
SBUs & PRODUCTS
Coromandel International Limited
Coromandel International Limited is a pioneer and Fertilisers Crop Protection Specialty Nutrients Agri-Retail front runner amongst India's agri-solutions providers. Chemicals and Organic Fertilisers It o ers a wide range of technical and formulation Di-Ammonium, Farm Inputs, products for crop protection. Its Specialty Nutrients Phosphate (DAP), Herbicides, Fungicides, Sulphur Products, Farm Advisory Services, business focuses on the water-soluble fertiliser, Complex Fertilisers, Single Insecticides, Plant Water Soluble Fertilisers (WSFs), Farm Mechanisation secondary and micronutrient segments. Coromandel operates 16 manufacturing units across the country. Super Phosphate (SSP)/ Bio-stimulants, Micro-nutrients Services Muriate of Potash (MOP), Bio-pesticides and Organic Manure e Company is the leading marketer of organic Forti ed Fertilisers fertilisers and the second largest manufacturer and marketer of phosphatic fertilisers in India and recently added bio pesticide solutions to its portfolio. e company serves over 20 Million farmers currently. A consistent, mutually bene cial partnership with ASSOCIATED COMPANIES them has led to a 60% share in the ‘rice bowl’ regions of Andhra Pradesh and Telangana. Subsidiaries CFL Mauritius Ltd. Liberty Pesticides and Fertilisers Limited e largest rural retail chain in India o ering farm inputs and services – ‘Mana Gromor’, ‘Namma Coromandel Agronegocios de Mexico, S.A de C.V Parry Chemicals Limited Gromor’ & ‘Aapla Gromor’ is a Coromandel initiative. Coromandel Brasil Ltda Parry America Inc. 750 rural retail outlets are spread across Andhra Coromandel International (Nigeria) Limited Sabero Argentina S.A Pradesh, Telangana, Karnataka and Maharashtra Coromandel Mali SASU (CMS) Sabero Australia Pty. Ltd. o ering farming services. It also has a strong R&D Dare Investments Limited Sabero Europe B.V and Regulatory setup, supporting businesses in Sabero Organics America S.A process development and new product introductions. UNDP has recognised its e orts towards the Joint Ventures Associate environment and TERI has voted it as one of the ten greenest companies in India. Coromandel SQM (India) P Ltd. Sabero Organics Philippines Asia Inc. Yanmar Coromandel Agrisolutions P Ltd.
FINANCIALS 2019-20 HIGHLIGHTS RECENT AWARDS
» Largest agri-rural retail chain in India » Classi ed Platinum by CII Exim Business Excellence INR INR » World’s largest Neem based bio pesticide manufacturer » Corporate award from Dun & Bradstreet 130.91 17.71 » 2nd largest phosphatic fertilisers manufacturer » ‘Growth Achiever Award’ for Coromandel Innovation Billion Billion and marketer in India and largest in the Center at IKP in IKMC 2019 (Innovation Knowledge Revenue EBITDA private sector Millennium Conference 2019) » 5th largest Indian crop protection » CII EHS Excellence Award from Southern Region solutions provider for Vizag and Ennore units INR » Market leader in the specialty nutrients » 5S award for Kakinada plant and organic fertiliser segments » Awarded Best Corporate in Health for CSR by CSR times 160.01 » Largest single super phosphate player in India » Received Overall excellence for CSR by Zee Billion Market » Set up IIT Monash Academy, along with Capitalisation IIT Mumbai & Monash University, Australia
26 2019-2020 Murugappa Group 27 Agriculture
SBUs & PRODUCTS
E.I.D. Parry (India) Limited Sugar Division Nutraceuticals Sugar Re nery Normal Sugar/Re ned Sugar, Organic Spirulina, Zanthin™, Export E.I.D. Parry is a name synonymous Amrit Natural Brown Sugar, Organic Chlorella, of Re ned Sugar Spiruzan™, Natural Mixed Amrit Natural Jaggery, with sugar and is among India’s largest Carotenoids, Lycopene, integrated sugar producers. Jaggery, Co-generated Power, Xanmax® and Flomentum e company has contributed Ethanol, Sanitiser (Saw Palmetto) signi cantly to make India a dominant international player in the segment.
E.I.D. Parry today is also a global leader in the nutraceutical product ASSOCIATED COMPANIES lines of organic spirulina, lycopene, saw palmetto, micro-algal products and natural astaxanthin, with Subsidiaries Partnerships USFDA-approved manufacturing Alimtec S.A Synthite Coromandel International Limited facilities and a host of international Parry Sugar Re nery India Private Limited quality certi cations. Parry Infrastructure Company Private Limited Parry Sugar Limited Parry Investments Limited FINANCIALS 2019-20 Parry Agrochem Exports Limited US Nutraceuticals LLC
INR INR 39.67 3.09 HIGHLIGHTS RECENT AWARDS Billion Billion Revenue EBITDA » Largest sugar manufacturer in South India » Awarded ‘Industry Leadership in Agriculture’ in the 9th » Only sugar brand to be conferred the Agriculture Leadership Conclave 2019 ‘Super Brand’ status in India » e Ramdurg unit received National Safety Award (Winner) » st INR 1 sugar company to implement zero liquid 2019 for the Performance Year 2017 in New Delhi discharge system in its plants » e Nellikuppam unit received Platinum Award from 24.61 » Nellikuppam plant is the only sugar unit to have SISSTA for the Best Distillery 2018-19 Billion an array of quality certi cations including IP, » e Nellikuppam unit received Excellent Energy E cient Market th Capitalisation BP, USP, EP, ISO 9001:2015, ISO 14001:2015, Unit in 20 National Energy Management 2019, CII Hyderabad FSSC 22000, Bonsucro and SMETA 6.0 » Haliyal sugar unit has the FSSC 22000, ISO 9001:2015, Bonsucro and SMETA 6.0 quality certi cations » e company’s R&D centre is recognised by the Department of Scienti c & Industrial Research (DSIR), Department of Science & Technology, Government of India » Successfully commissioned backend re nery at Haliyal, Karnataka, in 2019
28 2019-2020 Murugappa Group 29 Engineering
Abrasives An integral part of India’s manufacturing framework, the Engineering Performance. Murugappa Group is an undisputed Electro Minerals leader in the light engineering Redefining Reliability. sector. Known for quality and value, it is the preferred supplier for engineered materials, components Industrial Ceramics and parts to diverse industries. World renowned companies like Carborundum Universal Limited (CUMI) and Tube Investments of Refractories India (TII) form part of the engineering arm. e Group manufactures a wide range of products, covering Power Generation industrial applications, mobility and tness solutions. Precision Tubes & Steel Strips FINANCIALS INR 77.04 Bicycles Billion Revenue
Automotive Contribution20% to Group Revenue & Industrial Chains
INR 11.13 Auto Billion Components EBITDA 21% Contribution Railway Segments to Group EBITDA
COMPANIES Door Frame & Fine Blanking
Industrial Gears
30 2019-2020 Engineering
SBUs & PRODUCTS
Carborundum Universal Limited Abrasives Division Electro-Minerals Division Industrial Ceramics Super Refractories Carborundum Universal Limited (CUMI) is a leading Bonded Abrasives, Brown Fused Alumina, Wear Ceramics, Super Refractories material science company with expertise in the Cutting & Grinding Wheels, White Fused Alumina, Engineered Ceramics, (Fired Products production and distribution of abrasives, ceramics Coated Abrasives, Silicon Carbide, Zirconia, Metallised Ceramics, and Monolithics) and electro-minerals, globally. Established in 1954, Super Abrasives, Specialty Minerals Bioceramics and Anti-corrosives CUMI was formed as a joint venture between Power Tools Carborundum Company USA, Universal Grinding Wheel Company UK and the Murugappa Group. ASSOCIATED COMPANIES CUMI manufactures over 20,000 di erent varieties of abrasives, industrial ceramics, refractory products Subsidiaries Joint Ventures and electro-minerals in 32 state-of-the-art facilities CUMI Abrasives & Ceramics Company Ltd. Ciria India Limited across ve countries. CUMI America Inc. Murugappa Morgan ermal Ceramics Limited It is one of the ve manufacturers in the world with CUMI Australia Pty. Ltd. Wendt (India) Limited fully integrated operations, and is set to become one CUMI International Limited of the world’s largest abrasive and technical ceramics CUMI Middle East FZE companies in the near future. CUMI products are sold Foskor Zirconia (Pty.) Ltd. in over 50 countries, giving the company the distinction Net Access (India) Ltd. of earning more than half of its revenue from Sterling Abrasives Ltd. outside India. Southern Energy Development Corporation Ltd. Volzhsky Abrasive Works (VAW) FINANCIALS 2019-20 HIGHLIGHTS RECENT AWARDS
» Largest electro minerals & abrasives player » HR Department won the 1st place in the Southern Region at the INR INR in India CII’s Young HR Managers Competition » Largest Silicon Carbide player in Russia » e Industrial Ceramics Division won the CSIR Diamond 25.69 4.44 Jubilee Technology 2018 Award for the technology Billion Billion » One of the largest producers of Silicon Carbide of Metallization of Alumina Ceramics from the Council Revenue EBITDA grains worldwide for Scienti c & Industrial Research » ird-largest manufacturer of Zirconia worldwide » ‘Silver Shield under Category VIII’ – Manufacturing, for Excellence » One of the market leaders in abrasives, in India in Financial Reporting from the Institute of Chartered Accountants INR and Russia of India, felicitated second time in a row » World’s second-largest manufacturer » e Electrominerals Business, Kochi won the prestigious 42.05 of metallised cylinders (used in vacuum Excellence Award in Silver category at the Society of Engineers Billion circuit breakers) and Managers (SEEM) National Energy Management Award 2019 Market » e Abrasives Business was the recipient of a Gold Certi cate at the Capitalisation » 7 R&D centres approved by the Department for Scienti c & Industrial Research (DSIR) Indian Machine Tools Manufacturers Association (IMTMA) Productivity Competition and over 200 IPs » Super Refractories Business at Serkadu, Tamil Nadu received the ‘TPM Signi cant Achievement Award’ in recognition of its achievement towards Manufacturing Excellence » e Russian subsidiary of the Company, Volzhsky Abrasive Works was recognized as the ‘Best Organization in the Volgograd Region’ by the Governor of Volgograd
32 2019-2020 Murugappa Group 33 Engineering
SBUs & PRODUCTS
Tube Investments of India Limited Tube Investments of India Limited (TII) is one of the country’s leading engineering companies, with a portfolio that spans metals to mobility Tube Products TI Cycles Metal Formed Industrial Industrial solutions. It is a leading manufacturer in cycles and of India (TPI) of India (TICI) Products Division Chains Gears is a preferred supplier of tubes, metal formed products CDW and ERW Tubes, Cycles, Cycle Components, Drive and Cam Chains Chains for Industrial Worm Gearboxes, and chains to a wide range of industries. Tubular Components, Fitness Equipment and A ermarket Kits for Applications, Helicals, Large Diameter Tubes and Accessories Two-wheelers, Fine Blanked Engineering Class Gears & Pinions and TII supplies safety-critical precision parts to major for Hydraulic Cylinders and Precision Components, Chains Gear Servicing OEMs. TII also has strong presence in the power O -road Applications and Auto Components, sector, o -road applications, textile machinery and Special Grade Cold-rolled Stainless Steel Coach, general engineering segments. e company Steel Strips (CRSS) Agri Implements, Sub-assemblies for Railway is a leader in automotive and industrial chains with Passenger Coaches its ‘Diamond’ brand, the most sought a er in the domestic market. e ability to consistently deliver ASSOCIATED COMPANIES high-precision and global quality standards has resulted in rising exports for the tubes division, year on year. Subsidiaries Joint Ventures Creative Cycles Private Limited TI Tsubamex P Limited (a JV with Tsubamex TII is a pioneer in cycle retailing in India, with Great Cycles Private Limited Company Limited, Japan, engaged in the design prestigious brands like BSA, Hercules, Ladybird, SEDIS (the number one French manufacturer and engineering of sheet metal dies and xtures) Roadeo, Montra and Mach City in its stable. It has a of Industrial Chains) network of over 1100 retail stores across the country. Shanthi Gears Limited TII operates in the industrial gears segment in India through its subsidiary Shanthi Gears Limited. Shanthi HIGHLIGHTS RECENT AWARDS Gears is a category leader, manufacturing a wide range of power transmission components including gears, » Largest manufacturer of precision tubes in India » Strategic Global Supplier Award by Showa for 4th gear boxes, geared motors and gear assemblies. » 2nd largest bicycle producer in India with 4 Million consecutive year cycles per year; market leader in the ‘specials’ segment » ‘Star Performer Award’ from EEPC for the 5th consecutive year nd FINANCIALS 2019-20 » 2 largest producer of transmission chains in India » Award from Toyota Kirloskar Auto Parts Pvt. Ltd. for » Every second two wheeler in India uses TPI’s Quality, Delivery and VA safety-critical front fork » Award from ‘Toyotetsu India Pvt. Ltd.’ (TTIA) formerly » Developed Telescopic Front Fork Tubes in Electric known as STTI for consistent Quality and Delivery INR INR Vehicle and Scooter models » CII Poka yoke competition - 2nd prize for elimination of » Exclusive supplier of door frames to marquee brands Decoiler Mandrel Bolt Broken rough Poka-Yoke from 45.20 6.41 » Billion Billion Frontrunner in developing a complete and premium 4.3 hrs to zero hrs Revenue EBITDA buying experience for cycles in India through » Excellence Awards at the QCFI-NCQC National level its concept ‘Track & Trail’ stores and online sales competition for Quality Circle at Varanasi » Value Engineering through indigenisation of Raw Material » Launched brand PRECI+ for new and di erentiated, INR adjacency products » Completed supplier audits of Global Energy OEM - 51.46 pipeline conversion Billion Market » Enlarged market share of Diamond brand of Rotavator Chains Capitalisation » Implementation of TPS (Toyota Production System) manufacturing model and TQM (Total Quality Management) initiatives
34 2019-2020 Murugappa Group 35 Financial Services
Cholamandalam Financial Holdings Limited (formerly TI Financial Holdings Limited), a NBFC classi ed as a Core Investment Company, is the holding entity of the Group’s nancial services companies, comprising Cholamandalam Investment and Finance Company Limited, Cholamandalam MS General Insurance Company Limited and Cholamandalam MS Risk Services Limited. Vehicle Finance e nancial services division has a wide portfolio covering investment and nancial products, general insurance and risk management. True to the Murugappa lineage, all three companies operate right at the top Home of their segments and are front-runners in Equity expanding access to quality nancial services Enabling Dreams. across the country. Today, they reach a customer base of over 10 Million, helping dreams, both big Unlocking Possibilities. and small, come true.
Home Loans FINANCIALS INR 131.58 Billion Revenue
SME Loans Contribution35% to Group Revenue
INR 19.84 Wealth Billion Management EBITDA
Contribution37% to Group EBITDA
General Insurance COMPANIES
Risk Management
36 2019-2020 Financial Services
SBUs & PRODUCTS
VEHICLE FINANCE
Cholamandalam Investment and Finance Commercial Passenger Two Wheeler Tractor Loans Construction Vehicle Loans Loans Equipment Loans Company Limited Vehicle Loans Cholamandalam Investment and Finance Company Limited (CIFCL) is a leading asset nance company MORTGAGE LOANS BUSINESS LOANS providing comprehensive nancial services and products in the elds of asset-backed nancing and wealth management. Today, it is one of the country’s fastest growing companies in the sector, with a stellar reputation for consistent performance. Home Equity Home Loans SME Loans Chola Wealth Chola o ers vehicle nance, home equity loans, home loans, SME loans, investment advisory and stock broking services to over 10 Lakh customers. e commercial vehicles business, one of its oldest and largest business divisions, o ers loans for an entire spectrum of vehicles: ASSOCIATED COMPANIES two and three-wheelers, cars, construction and farm equipment. Chola has preferred nancier tie-ups with all Subsidiaries automobile brands in the country. Cholamandalam Distribution Services Limited (CDSL) Cholamandalam Home Finance Limited (CHFL) Chola's vision is to enable customers enter a better life Cholamandalam Securities Limited (CSEC) by achieving its goals of nancial inclusion. Chola has a strong geographical presence with 1098 branches across 29 states/Union Territories. is dominant market position in it’s target customer segments helps Chola support the automobile manufacturers and their channel partners with customised nancing solutions. HIGHLIGHTS RECENT AWARDS
FINANCIALS 2019-20 » Serving over 14 Lakh customers » Placed rst in entries submitted in the operations category » e company is included in the FTSE4Good Index (i) Kaizen theme submission (ii) Physical le traceability Series, created by the Global Index and data and ACH registration through mobile application at 3rd CII National Kaizen Circle Competition in June 2020 provider FTSE Russell. e FTSE4Good Index INR INR » Won the Best Social Media Awareness Campaign on Road Series is designed to measure the performance of Safety for #jaldikyahai by ET NOW at the World CSR Day 87.13 16.99 companies demonstrating strong Environmental, Congress & Awards in February 2020 Billion Billion Social and Governance (ESG) practices » Awarded the SICCI Rotary CSR award from the Southern Revenue EBITDA » Maiden issue of Masala Bonds with CDC & ECB India Chamber Of Commerce & Industry (SICCI) & with IFC Rotary International District 3232 for its contribution in » Infused capital of `900 Cr (QIP) and `300 Cr Creating Sustainable Environment in February 2020 INR (Preferential allotment) » Awarded rst place in Employee Engagement and Runners-Up in Learning & Development at the 3rd CII 125.27 National HR Circle Competition 2019 Billion » Won the CII award in Operations category for simpli cation Market of schedule printing process in the area of document Capitalisation management » Chola Wealth won the NSDL Star Performer Award for three consecutive years (2017, 2018 & 2019)
38 2019-2020 Murugappa Group 39 Financial Services
SBUs & PRODUCTS
INDIVIDUAL INSURANCE Cholamandalam MS
General Insurance Commercial Car Health Travel Personal Accident Home Company Limited Vehicle Cholamandalam MS General Insurance Company Limited is one of the leading multi-line General CORPORATE INSURANCE Insurance companies in the country. It was formed through a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group, Japan, one of the largest insurance rms in the world. Fire Engineering Projects Engineering Operations Property Crime e company is ranked 7th amongst private insurers within addressable markets (i.e. industry volumes excluding Crop, Govt & Group Health). Chola MS has a strong presence in Tier III/IV/V towns and services over 14 Million customers through its country-wide network of over 599 retail touch points and 30,000 agents. Marine Liability Insurance e company has signi cantly boosted its distribution network through tie-ups with 15 OEMs, 5 Banks, 6 NBFCs, 4 RRBs, 2 Small Finance Banks and 1 HFC. It HIGHLIGHTS RECENT AWARDS also participates in Government-sponsored insurance programs. » Addition of channel partners in PSU Banks, NBFC/HFCs, » EFMD Excellence in Practice Gold Award 2019 for RRB/Co-op banks, two wheeler OEMs and digital partners Additionally, Chola MS serves customers across 37,000 the Category ‘Talent Development’ » Renewal of the bancassurance agreement with Bank of Baroda » branches through the various Bancassurance ‘Best Employer Brand Award’ at the Tamil Nadu Best (merged entity) upto March 2022 Employer Brand Awards 2019 partnerships, and has a cashless network of 8,700 » Strong growth in two wheeler segment. Crossed 2 Million » ‘General Insurance Company of the Year-Large’ at garages (400 In-House Assessors for Motor Claims customers mark for the year contributing to about 10% share World BFSI Congress and Awards 2020 Assessment) and 9,100 hospitals (2nd highest among all of Motor GWP and brought in an advance premium of close » insurance companies including standalone players). to `5000 M Best Insurance Company (Bancassurance) 2020 - » Chola Insurance Xpress has emerged as the second largest General by Insurance Alerts Chola MS’s brand philosophy is T3 - Trust, channel and the growth engine for the thrust in two wheeler Transparency & Technology. segment » Growth in property lines of business to about 8% share in total GWP of the company (from 6.0%) from both bancassurance FINANCIALS 2019-20 and Indian commercial » Continued industry leadership in managing motor OD LR and compromise settlements in motor third party INR INR » Digitisation initiatives with revamped website, Robotic Process Automation (RPA) for claims & nance, CHATBOT for 43.98 2.78 customer & employee support and cloud infrastructure for Billion Billion quicker launch of products with APIs Revenue EBITDA » Engagement with BCG for the planned growth in retail health and digital divisions, and for augmenting renewals
40 2019-2020 Murugappa Group 41 Financial Services
SBUs & PRODUCTS Cholamandalam MS Risk Services Limited Cholamandalam MS Risk Services Limited, a 50:50 Process Safety Environment Construction Safety Electrical Safety joint venture with the Mitsui Sumitomo Insurance & Sustainability Consulting Group, Japan, is a comprehensive risk management and engineering solutions company. e Company is currently celebrating its silver jubilee and in the past 25 years, it has undertaken over 9200 EHS consulting projects across 42 industrial sectors, o ering best-in-class services to organisations to Logistics Risk Management Insurance Support Services EHS Training optimise their EHS performance and set new benchmarks in safety performance. Chola MS Risk Services provides a spectrum of customised solutions across the lifecycle of a project - from conceptualisation to design, until decommissioning, in environment management and sustainability, process safety, electrical safety, logistics risk consulting and construction safety. HIGHLIGHTS RECENT AWARDS e company also o ers EHS training, competency building and assessment services through its ‘Safety » Largest employer of EHS specialists in India, with » Empanelled with Power Finance Corporation Consulting Ltd. Academy’. nearly 300 risk engineering experts (PFC) to carry out Socio-economic studies, Hydrographic » Part of a committee constituted by the Oil Industry Surveys, EIAs, Environment Audits, Energy Audits e company has a technical collaboration with Safety Directorate (OISD) to frame ‘Guidelines for and Water Audits InterRisk, Japan (the risk management arm of Mitsui Carrying out Quantitative Risk Assessment of Oil » Certi ed Safety Auditors by DGFASLI (Directorate General, Sumitomo Insurance & Aioi Nissay Dowa Insurance & Gas Installations’ in India Factories Advice Service and Labour Institutes, GOI) [MS&AD]). It holds a partner status with Inogen, a » 600 building safety audits conducted across the country » Accredited by NABET for 11 sectors including Petroleum global EHS consulting body, delivering solutions » Over 75,000 registrations for the online courses on Re nery, Ports & Harbours, Cement, Power, ermal, Fertilisers Plants etc., to perform EIA Studies worldwide for a sustainable future. safety, designed by the Chola MS Safety Academy » MOU with the Rajiv Gandhi Institute of Petroleum Technology to o er Certi cation Programs in Safety FINANCIALS 2019-20 and Sustainability to EHS Professionals
INR INR 466.49 64.20 Million Million Revenue EBITDA
42 2019-2020 Murugappa Group 43 Other Businesses
Tea e Murugappa Group has found valuable niches in diverse segments like tea, rubber, construction, Rubber polymer fabrics, textiles and travel solutions. In each segment, Murugappa brands Home command considerable Furnishing market share and enjoy strong loyalty among discerning customers.
Nets & Packaging Products
Travel Services
Construction
Water Treatment A Network of Strength. From Diverse Interests.
44 2019-2020 Other Businesses
SBUs & PRODUCTS
Parry Agro Industries Limited Parry Agro Industries Limited, Kadamane Estate Company and New Ambadi Estates Private Limited are Bulk Tea Basket Orthodox Ice Tea Retailed Tea Packs Specialty Teas (Organic & Conventional) the three Murugappa companies operating in the CTC plantation (tea and rubber) business. e company is amongst the few plantation companies in the world with a dedicated R&D. It is accredited with a NABL certi cation for chemical and microbial testing facilities. Known for sustainable cultivation Value-added practices, the company produces 13 Million kilograms Pepper Rubber Products of tea through its 8 manufacturing facilities. A pioneer in organic tea cultivation since 2004, the company produces premier organic brands for export to the US, UK and European markets. Parry Agro's HIGHLIGHTS RECENT AWARDS plantation brand is much sought a er by connoisseurs and commands a premium at tea auctions. » 3,147 hectares of estates produce around » e Deckiajuli Tea Estate won the Family Welfare Runner-up 13 Million kilograms of tea annually Kadamane Estate Company Limited is situated in Award, from the Indian Tea Association » Producers of Iyerpadi Organic Tea, a bestseller » Sakleshpur, Karnataka. It owns over 950 acres of Tea Parry Agro won e Golden Leaf India Awards in the international market. Entire organic area, producing 1 Million kilograms of the best quality by UPASI for various marks in recent years tea produced is exported to US, UK and Europe CTC tea, which are primarily sold in the Cochin » Teas from Upper Paralai and the Iyerpadi factory auction and Karnataka markets. have global organic certi cations and New Ambadi Estates Private Limited are also Fairtrade certi ed New Ambadi Estates cultivates rubber across 1,500 » Factories are ISO 9001:2015 acres, with one of the highest yields in the country. It is and 14001:2015-BUREAU VERITAS certi ed a pioneer in the production of chemically modi ed » All estates and factories are Trust Tea certi ed and rubber in India. e company produces ‘Value Added all estates are Rainforest Alliance certi ed Latex’ and ‘Sheet Grade’ rubber for the pharma and healthcare segments. Its plantation is the only one in India to receive a certi cation from the Forest Stewardship Council and is also ISO 9001:2000 certi ed.
46 2019-2020 Murugappa Group 47 MOWS (Murugappa Parry Enterprises India Limited Organo Water Solutions)
MOWS (Murugappa Organo Water Solutions) Parry Enterprises has four business divisions, with is a joint venture company established in 2015 well established brands and top of the line services. between the Murugappa Group and Organo Tu ex India Corporation, Japan. It manufactures Tu ex India is the company behind one of India’s equipment and designing systems for water most well-known brands ‘Netlon’, a mosquito and wastewater treatment plants. It is a proo ng solution. It is the market leader in extruded complete turnkey solution provider, from polymer nets and polymer knitted fabrics. A pioneer concept to commissioning in raw water & and leading supplier in geo-synthetic systems, it also e uent treatment systems. provides solutions for soil stabilisation, waste management and embankments. e division has just It is one of the leading players in providing commissioned a state-of-the-art expansion project, total water management solutions to diverse to add knitting capacity and create a 3 layer blown industries like Sugar, Pharma, Food & lm production line in order to meet the growing Beverage, Leather, Textile, Chemical etc. demand from the agricultural segment. Tu ex has Partnering with Organo, a company with over achieved platinum status in the 5S substance journey 70 years of experience in water treatment, and has won export awards from the Plastic Export MOWS o ers cost-e ective technologies to Promotion Council in the MSME segment. various industries. General Marketing Division MOWS has completed more than 150+ e General Marketing Division markets food projects in water and sewage treatment, and ingredients and avouring agents. installation of zero liquid discharge plants of Parry Travels varying capacities. It also provides operation Parry Travels is one of the preferred travel agencies and maintenance services to more than 35+ for MICE, providing end-to-end travel (domestic industries pan India. and international) solutions for business and leisure. ey currently operate in 5 locations in South MOWS’ list of clients include the biggest India and have a dedicated team to expand its names from corporate India - United MICE and FIT business footprint. Breweries, Piramal Enterprises, ITC, Dr. Reddy’s Laboratories, GSK Healthcare, Solar Division e Solar Division provides roof top solar energy Biocon, Syngene, Indus Co ee, Yamaha Music, solutions for industrial and commercial use. Maruti Suzuki India, Suzuki Motors, Its products cover both panels and inverters, TATA Co ee, Indian Additives Limited, L&T manufactured using advanced technologies, and Strides-Shasun. ensuring optimum performance, e ciency and life expectancy of 25 years.
48 2019-2020 Murugappa Group 49 Other Businesses
Coromandel Engineering Company Limited Ambadi Enterprises Limited Coromandel Engineering Company Limited Ambadi Enterprises Limited has an extensive (CECL) is a civil construction and real estate line of Home Furnishing products, that include development company that develops industrial Rugs, Wall to Wall carpets, Furnishing Fabrics, structures for leading businesses and Decorative Cushions, rows and Bed & Table government organisations. is ISO 9001:2015 Linen. & BS OHSAS 18001:2007 certi ed company Ambadi is one of the largest exporters of Rugs has developed some of the most iconic and Floor coverings including major parts buildings in southern India such as the LIC’s of Europe, US, UK, Australia and China. southern headquarters and the Trident hotel. e company specialises in exquisite Pitloom It has developed several other landmarks in Woven, Knotted, Hand Tu ed and Handloom Chennai, Pondicherry, Bangalore, Hyderabad Rugs manufactured in state-of-the-art and Vizag. manufacturing facilities in Panipat and e Company’s clients include leading industrial Bhadohi. e extensive in-house production houses, government organisations, power plants, of Broadloom carpets reserves its position malls, ve-star hotels, sugar factories, fertiliser as major suppliers to the world's largest plants and automobile facilities. Some of the broadloom players in the US and Europe. prominent names are Hotel Holiday Inn, e vital restoration of the Home Textile division Standard Chartered Bank, Ford India, Hindustan has paved its way to gain a larger share in the Motors, Daimler, Mahindra, ermax, BHEL, Home Furnishings Industry. e Textile division yssenKrupp, TNPL, Saint Gobain, Siemens, caters a wide range of home furnishing products Eveready, UB Group, LMW, Kerneos, Ramco including cushions, throws, bedding, kitchen Cements, Hatsun Agro Products, Komatsu, linen, table linen to suit all kinds of customer Kajima and Seco Komos. needs. e e cient manufacturing facilities for Home textiles are established in Kannur (Kerala), Mysore and Noida. Ambadi is an export-oriented company and its subsidiary, Parry Murray UK, has been among the leading suppliers of fabrics & carpets to the US & UK since 1981. e company has a rm foothold in the worldwide market for bespoke textiles and home furnishings. It supplies to global labels like Ralph Lauren, Designer Guild, GP & J Baker, Colefax & Fowler and Zac+Fox.
50 2019-2020 Murugappa Group 51 People
Building Teams. Shaping Leaders.
e Murugappa Group is a pioneer in creating a people-centric and progressive work culture. e Group’s HR policies continuously evolve to meet the changing aspirations and expectations of employees. A Group-wide Engagement Survey is proof of the system’s responsiveness. Over 85% of the employees who participated in the last survey cite “freedom to w o r k”, “ work-life balance” and “diverse opportunities to learn and grow”, as the top reasons to work for the Murugappa Group.
Murugappa Group 53 People
e Group has robust talent development systems to identify Fitness, Health and Happiness and develop leadership from within. It has tied up with leading A Group-wide initiative which began in 2014 academic institutions for executive training. In-house leadership with 722 participants, this popular contest cum programmes like the Business Leadership Programme (BLP), tness programme has completed 6 years, and Murugappa Leadership Programme (MLP) and Young Leaders has bene tted over 18,000 employees. Programme (YLP) are also well established. Graduates of these programmes have gone on to become business leaders and Online mentoring functional heads across various SBUs of the Group. Employees can seek support at any time, through the mentoring platform. e aim is to help e Group partnered with SafeStart, a Canadian safety training tackle challenges in any aspect of professional rm, to conduct a behavior-based safety initiative, which was life, like career development, skill development, attended by over 90 senior executives. e attendees also problem solving, work life balance etc. A pilot participated in Leadership Orientation sessions with SafeStart project currently, it is expected to be CEO, Larry Wilson, Gary Higbee & Mark McLellen. Senior implemented more widely in the near future. Group leaders were also part of a ‘Train the Trainer’ programme, which is set to deploy in various Murugappa Group companies. Given its diverse presence and size, the Group also o ers AWARDS employees a range of opportunities across functions and Murugappa Star Performer Award: A prestigious industry verticals. annual recognition of top SBUs for stellar growth based on nancial parameters and qualitative business enablers. Pride of Murugappa: A coveted annual internal Award, Pride of Murugappa rewards project teams across the Group for implementing best practices that foster sharing and collaboration. Conducted between August and December in 2019, the award received 2702 entries, which were judged by a high-calibre external jury panel. 29 winning projects were shortlisted. Shine Award: A unique award that recognises KEY HR INITIATIVES Role Models of the Group’s Values – e Five e Murugappa Group has a wholesome range of recognition Lights. platforms and forums that cover all aspects of the workplace. Murugappa Safety Excellence Model: e Employee Wellness Group has developed and piloted a custom- e Group runs several initiatives to promote overall employee designed Murugappa Safety Excellence Model wellness, including nancial and mental well-being. (M-SEM) that will be progressively rolled out to the 80+ manufacturing facilities across the Employee Assistance Programme (EAP) country. e M-SEM will enable plant teams e EAP is available to all employees and their families. to raise the bar in operational safety, on a It facilitates mental wellness by providing easy access continuous basis. to con dential counselling services.
54 2019-2020 Murugappa Group 55 Community Initiatives
e Murugappa Group has a rich legacy of service. Keeping in line with the Chettiar community’s tradition of ‘Mahimai’ or giving back, a portion of pro t has always been set aside for good causes. CSR in its current form, began in 1924, when Dewan Bahadur AM Murugappa Chettiar built a hospital in his native village. Since then, the Group’s community initiatives have expanded in proportion to its business growth. In 1953, the Group set up the AMM Foundation. e Foundation works for the welfare of the communities where Murugappa operates, with special focus on healthcare and education. Inclusive Growth. Sustainable Change.
56 2019-2020 Community Initiatives
Over the last eight decades, the Foundation has built and maintains: » Four high schools » A polytechnic institute » Four hospitals In 19-20, the hospitals served 8 Lakh out-patients and over 11,000 in-patients.
Healthcare institutions: 1. AMM Arunachalam Hospital 2. AMM Hospital 3. Sir Ivan Stedeford Hospital 4. Valliammai Achi Hospital Educational institutions: 1. AMM Matriculation Higher Secondary School 2. Sri Ramaswamy Mudaliar Higher Secondary School 3. Vellayan Chettiar Higher Secondary School 4. TI Matriculation Higher Secondary School 5. Murugappa Polytechnic College
Shri AMM Murugappa Chettiar Research Centre (MCRC) is a Research and Development centre that uses science and technology applications e Group’s approach to CSR is a dynamic model that ensures community initiatives are: for rural development. Responsive Apart from the Group’s involvement CSR should change to suit the evolving needs of the served community. in social development, employees are orough & Professional also encouraged to individually CSR should be conducted with the same attention to detail, e ectiveness contribute their time and energy and professionalism as any business activity. for the betterment of society. Employee-driven Funding is one part of CSR. It should be backed by dedicated people for real results and impact. Sustainable e focus should always be on enabling progress through long-term and sustainable initiatives.
58 2019-2020 Murugappa Group 59 Community Initiatives
From the early years, the Murugappa Group’s community initiatives were focussed on Healthcare and Education. In the last decade, it has expanded to include Hygiene & Sanitation, Environment, Skill Development and Community Development.
KEY INITIATIVES
Healthcare » e AMM Foundation reached out to over 97,000 patients through its Mobile Health Van service in Haliyal (North Karnataka), Education Sarigam (Gujarat) and Deckiajuli (Assam) » e AMM Foundation awards full fee scholarships » TII’s Medical Outreach to students from programme has grown in scope economically challenged and together with its Mobile backgrounds. Currently 218 Medical Unit, reaches over 24,000 students are pursuing their people in areas around factory professional dreams under locations this scheme » Chola launched Raahi, an initiative » Coromandel created its to provide quality and accessible agship ‘Coromandel Girl primary eye care services to Child Education Scheme’ occupational drivers across the (CGCES) to address the country. is initiative covered over speci c challenges faced by 40,700 truckers and involved the girl students. e scheme distribution of 16,000 spectacles supports girls through their higher classes, by easing the Hygiene & Sanitation » Chola MS supported the nancial strain on parents » Chola's Swachha Telangana - Phase II - project provides safe drinking construction of the new Neonatal and boosting the self-esteem water to 15 villages in the uoride-a ected zones of Telangana through Step-Down Wards 1 & 2 in the of students through Any Time Water plants (ATWs) existing premises of the recognition. Over the past Government General Hospital – few years, 8800 girls have » Chola’s Swachh Odisha initiative focussed on improving health Kakinada, Andhra Pradesh, to cater bene tted from the and sanitation by introducing SAFE WASH practices. As part of to the medical care of infants (0-28 scholarships. An additional the scheme, 55 toilets were constructed in 317 villages. Around days) bene tting over 4,000 infants 1245 girl students have been 800 bene ciaries of this initiative were provided with uninterrupted per year provided assistance under water supply for toilets, through solar energy and were also made the scheme in 2019-20 aware of safe toilet practices
60 2019-2020 Murugappa Group 61 Environment » E.I.D. Parry’s Pugalur factory became the rst sugar plant in Asia to win the Bonsucro certi cation - the world benchmark for sustainability practices in the production of cane sugar in 2015. It continues its e orts with scores of farmers in the region
» CUMI’s Green Belt initiative has planted 35,000 trees till date. is simple e ort has proven highly e ective in conserving greenery and providing a habitat for local wildlife
» Coromandel ‘Birds Paradise’ at Kakinada plant was conceived to support initiatives leading to sustainable conservation measures and improve the understanding of fragile ecosystems in relation to ecology, eld biology, and conservation. In collaboration with EGREE foundation, Coromandel Kakinada plant’s surroundings have become the largest breeding site in the East Godavari district for over 100 rare bird species, including the Grey Heron and the Painted Stork
Skill Development » Two Group Companies, TII and CUMI have setup training centres around their plants to provide skill development for underprivileged students. Over 400 under privileged students have bene tted till date
Community Development » E.I.D. Parry has partnered with the local government to prevent ood damage, by contributing towards desilting e orts in communities around its factory. Over 300 villages have been positively impacted by this initiative
62 2019-2020 Murugappa Group 63 28 Businesses 51,000 Employees One Group
120 Years of Enabling Progress
Ambadi Enterprises | Carborundum Universal | Cholamandalam Financial Holdings Cholamandalam Investment and Finance Company | Cholamandalam MS General Insurance Cholamandalam MS Risk Services | Coromandel Engineering | Coromandel International | E.I.D. Parry Murugappa Morgan Thermal Ceramics | Net Access India | New Ambadi | Parry Agro | Parry Enterprises India Parry Murray | Parry Nutraceuticals | Murugappa Organo Water Solutions Shanthi Gears | Tube Investments of India | Tu ex | Wendt India 64 2019-2020 Dare House, New No. 2, NSC Bose Road, Chennai - 600 001, India www.murugappa.com MurugappaGroup @Murugappa_Group MurugappaGroup MurugappaGroup murugappa_group