founded in 1900 , the murugappa group is an indian business conglomerate , founded , managed , and largely owned by the murugappa family .

the group has 28 businesses including eleven listed companies traded on the national stock exchange of india and the bombay stock exchange .

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. , eid parry ( india ) ltd. , parryagro industries ltd. , tube investments of india limited , and wendt ( india ) ltd. , and shanthi gears limited ( coimbatore ) .

active in several segments including abrasives , auto components , bicycles , sugar , farm inputs , fertilizers , plantations , bioproducts and nutraceuticals , the group has forged strong alliances with leading international companies like groupe chimique tunisien , foskor , cargill , mitsui sumitomo , morgan crucible and sociedad química y minera de chile ( sqm ) .

the group has a wide geographical presence spanning 13 states in india and five continents around across the globe .

brands like bsa , hercules , ballmaster , ajax , parry ’s , chola , gromor and paramfos are from the stables of murugappa .

the organisation has a workforce of over 32,000 employees .

murugappa group

murugappa group <EOT> i wish murugappa group great many success in the coming days . . . .

i am happy to be a part of tii - a murugappa group family .

he murugappa group is governed by the murugappa corporate board ( mcb ) , headed by a vellayan as its executive chairman .

cholamandalam ms general insurance company ltd . is a joint venture between murugappa group and mitsui…

cifcl was incorporated in 1978 as the financial services arm of the murugappa group . the company…

article details , " ethical values of the murugappa group : a case . . . "

recently , the murugappa group has finetuned its value system . this set of values is called as the ' spirit ' of the murugappa group , and has the following five components :

rugappa group ] your chennai ' s pride . our family loves all the products from murugappa .

an initiative by the murugappa group , the # goodnetizengoodcitizen campaign is aimed at raising social awareness on the responsible use of social media and the internet . client : murugappa group con . . .

cholamandalam ms risk services limited is a 50 : 50 joint venture between usd $ 3 . 14 billion murugappa group , india and mitsui sumitomo insurance group , japan and has a technical collaboration with interrisk , a group company of mitsui sumitomo insurance group .

the $ 3 billion murugappa group in south india has interests in everything from cycles to sugar to fertilizers .

the story of the murugappa group is a legacy of entrepreneurship that started in 1934 and lives to this day .

right � now i ' m working as a part of murugappa group of company cholams . i ' m waiting to start my career in murugappa ( ms ) if i got opportunit

dedicated employees drive the group . the murugappa group has always believed in the welfare of its employees . each company provides excellent opportunities for learning and growth to all its employees .

the non - statutory corporate board of the murugappa group requested vellayan " to resume the chairmanship an ass . . . read more

murugappa group chairman a vellayan resigned on friday , a day after market regulator sebi charged him and thre . . . read more

from left to right : mr . a . vellayan , murugappa group ; mr . mv . subbiah , murugappa group ; mr . karl - friedrich scheufele , chopard ; mr . thierry lombard , lombard odier darier hentsch & cie ; dr . peter lorange , imd

an initiative by the murugappa group , the # goodnetizengoodcitizen campaign is aimed at raising social awareness on the responsible use of social media and the internet .

please be informed that murugappa group is not a separate legal entity and never requires any customers to pay any advance money or deposit for loan sanctioning . public is cautioned not to rely or act on any such fraudulent sanction / offer made in the name of murugappa group without verifying the authenticity of the contents .

murugappa group’s cholamandalam investment and finance has picked up a majority stake in white data systems , a tech aggregator platform that brings together load providers and transporters .

m universal limited part of murugappa group . he started his career in this company and worked there for more than 28 years . he had to take voluntary reti

the buyout of hyderabad - based nagarjuna ( nfcl ) will also allow coromandel , part of chennai’s rs 29 , 500 - crore murugappa group , extract production .

content provided by murugappa group , info edge india limited disclaims all warranties against infringement . visit security guidelines and terms and conditions for more comprehensive information in this regard .

2 . introduction  murugappa group is one of india’s leading business conglomerates , founded , managed , and largely owned by the murugappa family in 1900 .  a 3 . 03 billion dollar group has 28 businesses including eleven listed companies actively traded in nse & bse .  over 40 manufacturing facilities spread across 13 states in india .

murugappa group chairman a vellayan resigned on friday , a day after market regulator sebi charged him and three others with insider trading in the shares of sabero organic gujarat .

vellayan has resumed charge as chairman of the murugappa group , five months after " stepping aside " from the post after market regulator sebi slapped insider trading charges against him .

the non - statutory corporate board of the murugappa group requested vellayan " to resume the chairmanship an assessment of the status of the ongoing proceedings against alleged insider trading and after considering expert legal advice of senior counsel on this matter . " vellayan has accepted the board ' s request and has resumed charge . as chairman of the ' murugappa corporate board ' , a statement from the group said . " the group corporate board believes that this action is consistent with the group ' s values of putting all stakeholder interests first and enables vellayan to resume the chairmanship of the group to continue providing the requisite strategic direction and leadership for the group ' s interests , " it said .

commissioned by the murugappa group direction – vijay prabakaran script , art and animation – keerthi vijay drawing - sagar kolwankar concept – mathangi v effects – pushparaj editing – aravind voic . . .

cholamandalam investment and finance company was incorporated in 1978 as the financial services company of the murugappa group . today , cholamandalam finance operates from 858 branches , serving 8 lakhs customers across india .

an initiative by the murugappa group , the # goodnetizengoodcitizen campaign is aimed at raising social awareness on the responsible use of social media and the internet . credit list client : murug . . .

an initiative by the murugappa group , the # goodnetizengoodcitizen campaign is aimed at raising social awareness on the responsible use of social media and the internet . credit list client : muru . . .

commissioned by the murugappa group direction – vijay prabakaran script , art and animation – keerthi vijay drawing - - sagar kolwankar concept – mathangi v effects – pushparaj editing – aravind voi . . .

ali abdullah al futtaim - industrialist al futtaim group , dubai telephones and telegraphs for oman .

the murugappa group continues to build on the culture of philanthropy initiated by its founder . social commitment has always been the cornerstone of the group’s ethos and it has been at the forefront of eco - conservation , public health , and education in the communities where its companies operate , since 1957 .

murugappa group is a company headquartered in chennai , . the firm manufactures automobile accessories , sugar , chemicals , and provides securities brokerage and investment advisory services . kapil kewal mehan has been the ceo since 2010 .

" ethical values of the murugappa group : a case study " by subramanian , s . - iup journal of corporate governance , vol . 8 , issue 2 , april 2009 | online research library : questia

cholamandalam ms general insurance company limited is owned by murugappa group in a combined business enterprise with mitsui sumitomo insurance group of japan . the murugappa group is one of india ' s leading business conglomerates . the insurance company has 105 branches panning across india with over 9000 agents . it offers a wide range of products including accident , engineering , health , liability , marine , motor , property , travel and rural insurance that address individual and corporate needs . the company aims to render its philosophy of trust , transparency and technology .

a . m . murugappa lays the foundation of the group by establishing a money - lending and banking business , with ramanathan chettiar in burma , under the name a . m . m . rm . firm .

the murugappa group is a chennai - based business conglomerate with business interests in engineering , abrasives , finance , general insurance , fertilizers , farm inputs , sugar , bio - products , cycles and plantations . the beginning of the murugappa group dates back to 1900 , when dewan bahadur a m murugappa chettiar established a moneylending and banking business , headquartered in moulmein , burma ( now myanmar ) . later , the founder family moved its business to india , and by 1940 , indian business operations of the murugappa group were well - established . currently , the group has 29 companies with a total turnover of rs . 9 , 582 cr ( $ 2 . 4 bn ) during the financial year 2007 - 2008 . the prominent companies of the group are carborundum universal ltd . , cholamandalam dbs finance ltd . , cholamandalam ms general insurance , coromandel fertilizers ltd . , eid parry india ltd . , parry agro industries ltd . , and tube investments of india ltd .

the group continues to increase its global presence through joint - ventures with leading international firms . its domestic capacity is on the rise through new product launches , newer acquisitions and green - field projects . the future holds the promise of significant opportunities , challenges , achievements and growth . and the murugappa group is poised to embrace it all with the zeal and positive energy that has come to be synonymous with the group .

68 . table 15 : showing the internal communication in murugappa group of company particulars number of respondents total good 64 64 needs improvement 23 23 not bad 13 13 total 100 100 chart showing internal communication in murugappa group of company inference from the above table it is inferred that 64 % of the respondents are good , 23 % of the respondents are needs improvement and 13 % of the respondents are not bad . 0 10 20 30 40 50 60 70

chola ms general insurance company , the joint venture of murugappa group and mitsui sumitomo group of japan , is aiming for gross premium of rs . 1900 crore by the end of this year . in the year 2012 - 13 , the company earned the gross written premium amounting to rs . 1621 crore . an official from the company stated that

marimutu sinivasan , founder and chairman of texmaco group , indonesia , a giant textile , machinery and aotomotive manufacturer .

a . c . muthiah , former chairman , southern petrochemicals of india corporation ( spic ) group of companies .

“in keeping with family values and tradition , he has stepped aside from the chairmanship of the murugappa group corporate board ( a non - statutory board which supervises the activities of the group ) and of coromandel international and eid parry india until this matter is resolved , ” a statement from vellayan’s office said . vellayan was the chairman of both these companies .

now , as chairman , vellayan is looking not only to reach a commanding size but also to groom the next generation . succession is no sure thing : murugappa kin , including two of vellayan ' s sons , go through the same human resources sieve as other employees , with annual reviews and career development assessments . currently all the major businesses in the group but one are led by nonfamily professionals , and the clan holds only two of eight group board seats in the murugappa corporate board .

renowned brands like bsa , hercules , montra , ballmaster , ajax , parry’s , chola , gromor , shanthi gears and paramfos are from the murugappa stable . the group fosters an environment of professionalism and has a workforce of over 32 , 000 employees .

five months after stepping down from his position following market regulator sebi ' s decision to charge him and three others with insider trading in the shares of sabero organic gujarat , a vellayan is back at the helm as the chairman of the murugappa group .

the public is hereby cautioned that it has been brought to our notice that certain unscrupulous persons / agencies are issuing fake sanction letters to customers and getting their signatures in fake loan agreements purporting to be a loan sanction letter & loan agreement of murugappa group and such persons / agencies are attempting to extort money by demanding security deposit / processing fee / insurance fee from the gullible customers for processing the required loan etc . in the aforesaid documents , those unscrupulous persons / agencies are also using the registered logo and name of murugappa group against law with intent to gain wrongfully by using the goodwill and reputation of the group .

he murugappa group is firmly rooted in its values , and is poised to take on the world . building on the same business acumen , modern and innovative outlook , as well as vision with which the founder of the group left his native land to seek his fortune in burma , the murugappa group is on the threshold of the global business arena today , backed by over 100 years of experience in diverse fields , sound traditional values and high ethical standards . the group has grown consistently through its decisive and visionary response to changing times . its pioneering efforts , steadfast commitment to ethical business practices and its dogged pursuit of new areas to extend its business acumen have brought in its wake several prestigious national and international awards . the group ' s business philosophy can be summed up in this couplet from the ancient indian treatise on wealth creation and governance , the

a vellayan , chairman of the murugappa group of chennai , is on a quest for size . he ' s aiming to nearly double revenues of his conglomerate , one of india ' s oldest , from a current $ 3 . 8 billion , by 2014 .

chennai : five months after stepping down from his position following market regulator sebi ' s decision to charge him and three others with insider trading in the shares of sabero organic gujarat , a vellayan is back at the helm as the chairman of the murugappa group .

renowned brands like bsa , hercules , montra , mach city , ballmaster , ajax , parry’s , chola , gromor , shanthi gears and paramfos are from the murugappa stable . the group fosters an environment of professionalism and has a workforce of over 35 , 000 employees .

conducting business by a clear set of values and beliefs , the group has observed very high standards of ethics and transparency . its belief in organisational renewal has allowed the group to adapt itself to changing economic contexts and grow from strength to strength . the management development institute ( imd ) of lausanne , switzerland , conferred the ‘imd distinguished family business award’ on the group in 2001 .

6 . board of directors : murugappa group corporate board :  a . vellayan executive chairman  m . m murugappan vice chairman  n srinivasan director , finance  venkatraman thygarajan non executive external director  deepak satwalekar non executive external director  sridar iyengar non executive external director

m . a . m . ramaswamy , chettinad cements group of companies and ex - pro chancellor , annamalai university , chidambaram .

the murugappa group traces its history to 1900 , when dewan bahadur a . m . murugappa chettiar , the founder , started a moneylending firm in burma . in 1935 the family shifted to india right before the japanese invasion of burma . after that it entered a variety of businesses from sandpaper to manufacturing safes to insurance . today 10 family members - - all male - - are part of the 32 , 000 employees .

conducting business by a clear set of values and beliefs , the group has observed very high standards of ethics and transparency . its belief in organisational renewal has allowed the group to adapt itself to changing economic contexts and grow from strength to strength . the management development institute ( imd ) of lausanne , switzerland , conferred the ' imd distinguished family business award ' on the group in 2001 .

the murugappa group , headquartered in india has grown from humble beginnings as the dream of a driven entrepreneur in burma in the early 1900s . the family traces its business history to 1760 when the great - great great – grandfather of the founder was active in trading and money lending .

it runs four schools , a polytechnic college and four hospitals . besides , the group runs a research and development centre for rural development , the sri am murugappa chettiar research centre ( mcrc ) , which has been designing simple , cost - effective technologies for local artisans since 1977 .

" in keeping with family values and tradition , he has stepped aside from the chairmanship of the murugappa group corporate board and of coromandel international and eid parry india until this matter is resolved , " a statement from vellayan ' s office said on may 22 following the sebi order .

the $ 3 billion murugappa group in south india has interests in everything from cycles to sugar to fertilizers . under current chairman a . vellayan , it ' s expanding global footprint . group firm tube investments acquired 77 percent of france ' s sedis group , a leading manufacturer of industrial chains . in april , it inked an $ 85 million deal to buy out stake of singapore partner dbs in its non - banking finance unit cholamandalam dbs finance . fortune previously listed under vellayan ' s name was changed to family grouping this year to reflect broader ownership .

ramesh k b menon took charge as director - hr of the murugappa group on 1st july , 2013 . he is a science graduate from jai hind college , mumbai and has completed his post graduation from xlri jamshedpur . ramesh has had a long ( over twenty six years ) and distinguished career with madura coats , where he has handled various assignments in india and has also been responsible for international locations , and brings with him considerable depth as well as width of experience . prior to joining the murugappa group , he was the director - hr of coats , south asia .

the 62 - year - old vellayan holds a diploma in industrial administration from the university of aston , uk and a master’s degree in business studies from the university of warwick business school . he took over the reins of the murugappa group in november 2009 from his uncle m a alagappan .

this is the presentation showing . . . . the full murugappa world . . . from origin to present running world . . . . . . .

however , these are tricky industries , with volatile raw - material costs , cyclical revenues and , in the case of sugar and fertilisers , cranky regulatory regimes . reflecting this , murugappa’s return on equity dropped to an estimated 13 % in the year to march 2013 , having been 20 % three years ago . investors place a low valuation on the group’s profits—its market value is about $ 2 billion . compare that with godrej , another family group mainly in the more stable consumer - goods industry . it has similar sales to murugappa but a market value of over $ 6 billion .

“the sebi order linking vellayan , chairman of the murugappa group , to trades by two individuals in shares of sabero organics gujarat , a company that was acquired by coromandel international in may 2011 , is based merely on suspicion and is a far - fetched tenuous conjecture , ” vellayan’s office said .

cholamandalam ms general insurance company ltd . is a joint venture between murugappa group and mitsui sumitomo insurance group of japan . cholamandalam ms offers a wide range of products that include accident , engineering , health , liability , marine , motor , property , travel and rural insurance for individuals and corporate . the company achieved a gwp of 1346 crores in 2011 - 12 . the company has 92 branches and over 6000 agents across the country .

the group has scaled each pinnacle consistently through its decisive and visionary response to changing times . its pioneering efforts , steadfast commitment to ethical business practices and its dogged pursuit of new areas to extend its business acumen have brought unprecedented success and several prestigious national and international awards . but there is no stopping for the murugappa group ; the journey is still on , in search of scaling newer heights and finding greener pastures – beyond the horizon .

insiders say that ever since vellayan ( he is a murugappa descendant , but he does not carry the murugappa surname - - his last name is arunachalam , from his father ) became chairman in 2009 , he ' s been pushing the group to dream bigger . the rule of thumb is three times gdp growth for the group as a whole . " he ' s a big thinker , " says v . ravichandran , a nonfamily lead director for fertilizers and sugar on the group ' s corporate board , who has worked directly with vellayan for nearly ten years . " it ' s not just about setting goals , he also rallies people around the vision . there ' s a lot of empowerment and a lot of trust . "

hosur will become the next noida or navi mumbai with regard to industrial development . several reputed industrialists have started their units here - the tatas , the birlas , the hindujas , tvs group companies , murugappa group of companies , lakshmi group and also a number of mncs . hosur industrial area is consists of about 700 industries comprising of large , medium , small and tiny industries . the coming up of the industrial sector here poses a fantastic opportunity for those waiting on to invest in housing here . the town witnesses a rise in demand for housing and consequently an appreciable return on investment .

the regulator alleged that vellayan had passed price sensitive information pertaining to the acquisition of sabero by coromandel , which is part of the chennai - based rs 24 , 300 crore murugappa group . it directed v karuppiah , a r murugappan and others to surrender the unlawful gains made by trading in sabero shares .

he murugappa group has drawn from its rich heritage to carry out organisational and entrepreneurial changes through transparency , and without operational disruption . the family - managed group successfully transitioned to a professionally managed corporate house , engaging arthur d little for restructuring and succession plans , following the demise of m v arunachalam ( 1929 - 96 ) , which brought the leadership to the older a m m arunachalam , who passed away in 1999 . it was in 1999 that m v subbiah decided to step down , bring in an external chairman for the group , and let the family take advisory positions . the murugappa corporate board was formed and n s raghavan , a professional , was appointed as chairman . on his retirement in 2001 , p s pai took over as executive chairman . during pai ' s tenure the group went through a period of learning and growth . on completion of his tenure , m a alagappan , took over as executive chairman in october 2006 and a vellayan as its vice - chairman and director - strategy . a vellayan succeeded m a alagappan as the executive chairman and m m murugappan the vice chairman on november 1 , 2009 . each successive generation has not only strengthened existing businesses but has developed new ones . it has developed unmatched expertise in turning around sick businesses in the shortest possible time following acquisition . the group manages the evolution of its businesses and governance structures consciously . as a result , the group ' s business portfolio is diverse and dynamic . dedicated employees drive the group . the murugappa group has always believed in the welfare of its employees . each company provides excellent opportunities for learning and growth to all its employees .

new acquisitions take place demonstrating the company’s capability to turn around businesses . existing companies and new acquisitions are consolidated and the muruguppa group is formed .

the group is restructured where core businesses are streamlined and portfolios , realigned . it takes on an aggressive growth path while driving into the domestic market .

customers who are interested in availing loans may directly contact any of the nearest branch of cholamandalam investment and finance company limited ( cholamandalam ) a constituent of our group for further details or get in touch with us at 1800 200 4565 or alternatively email at customercare @ chola . murugappa . com , or sms at 9500000312 .

coromandel international , which is part of the chennai - based rs . 26900 crore murugappa group , had acquired sabero in 2011 . sebi ordered vellayan and others to return rs 2 . 15 crore made on the transaction . the regulator alleged that vellayan had passed price sensitive information pertaining to the acquisition of sabero by coromandel .

murugappa group company coromandel international had acquired sabero in 2011 . the regulator had initiated a preliminary examination following complaints alleging that unpublished price sensitive information ( upsi ) pertaining to the acquisition of the shares of sabero organic by coromandel was leaked to certain persons , who were acting in concert with the management of sabero and coromandel .

founded in 1900 , the inr 243 billion murugappa group is one of india ' s leading business conglomerates . the group has 28 businesses including eleven 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 . , sabero organics , shanthi gears , tube investments of india ltd . , and wendt ( india ) ltd .

founded in 1900 , the inr 329 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 . , shanthi gears ltd . , tube investments of india ltd . , ti financial holdings ltd and wendt ( india ) ltd .

spirit of the murugappa group community initiatives corporate governance - code of conduct - whistleblower policy - rpt policy - mat . subs . policy - code of fair disclosure - archival policy - compliance csr policy csr projects & programmes - mat . events policy csr activities - esop - remuneration policy - dividend distribution policy - business responsibility policy

founded in 1900 , the inr 269 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 .

founded in 1900 , the inr 225 billion murugappa group is one of india’s leading business conglomerates . the group has 28 businesses including eleven 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 . , sabero organics ltd . , shanthi gears ltd . , tube investments of india ltd . , and wendt ( india ) ltd .

# group . in times of good health he had been paying his premiums on time to secure the health of himself and his family . what is mentionwor

each successive generation has not only strengthened existing businesses but has developed new ones . it has developed unmatched expertise in turning around sick businesses in the shortest possible time following acquisition . the group manages the evolution of its businesses and governance structures consciously . as a result , the group’s business portfolio is diverse and dynamic .

the murugappa group already has several sizable winners in its basket : coromandel international is the second - largest producer of phosphatic fertilizers in the country ; ti cycles is the second - largest maker of bicycles in india ; and eid parry is one of the top five sugar companies in the country . murugappa is often referred to as the tata of south india , a nod to its vintage , values and the diversity in its business portfolio . vellayan ' s idea of " self - protection " is the heft to wield bargaining power .

mitsui sumitomo insurance company limited is part of ms & ad insurance group holding inc , the largest insurance group in japan , with npw of jpy 1 , 269 billion ( inr 735 billion ) at fy2011 - 2012 . the company has wide international network of 878 facilities spanning 40 countries and regions , centered on the fast - growing asian region . ms & ad insurance group holdings , inc was awarded the “general insurance company of the year” award in 2011 at the 15th asia insurance industry award .

so how profitable is the harder , more virtuous path ? murugappa’s sales have grown by an annual compound rate of 19 % over the past five years , helped by acquisitions , and are now $ 4 . 1 billion . about 40 % of that comes from the group’s home state of tamil nadu ; that is half the level of two decades ago .

m m murugappan is the vice chairman of the murugappa corporate board . he is the chairman of tube investments of india ltd , carborundum universal ltd , wendt india ltd , and murugappa morgan thermal ceramics ltd . he serves as a trustee of the amm foundation and the correspondent of the murugappa polytechnic college . he is also on the board of mahindra & mahindra ltd . , mumbai and infotech enterprises ltd . , hyderabad . he is a member on the board of governors , iit , madras . he holds a master’s degree in chemical engineering from the university of michigan , usa .

the murugappa group and family also continue to build on the example of philanthropy . the family’s trust , the amm foundation , is sustained by a fixed percentage of annual business profits and family contributions . by 2001 it had built and nurtured four high schools of 8000 students , a polytechnic institute of 1000 students , four no - fee hospitals and a rural research center .

1900 – 1915 a . m . murugappa lays the foundation of the group by establishing a money - lending and banking business , with ramanathan chettiar in burma , under the name a . m . m . rm . firm . 1915 – 1934 the company diversifies into textiles , rubber plantation , insurance and stock broking . expands businesses to malaya , vietnam and ceylon . 1934 – 1949 just before the japanese invasion of burma in world war ii , the company strategically moves its assets back to india . invests in steel furniture and emery paper . 1950 – 1980 new companies ti of india and cumi are established . cholamandalam investment & finance co marks the entry into the financial services sector . 1981 – 1990 new acquisitions take place demonstrating the company’s capability to turn around businesses . existing companies and new acquisitions are consolidated and the muruguppa group is formed . 1991 – 2000 the group is restructured where core businesses are streamlined and portfolios are realigned . it takes on an aggressive growth path while driving into the domestic market . 2001 onwards the group continues to increase its global presence through joint - ventures with leading international firms . its domestic capacity is on the rise through new product launches , newer acquisitions and green - field projects . the future holds the promise of significant opportunities , challenges , achievements and growth . and the murugappa group is poised to embrace it all with the zeal and positive energy that has come to be synonymous with the group !

the group built the fertilizer business , beginning in the late 1990s , and after domestic consolidations and foreign - supply deals it now brings in $ 1 . 7 billion in annual revenues .

today , it is one of the country’s largest industrial houses . the group turnover crossed the usd 1 billion mark in 2003 - 04 , with an impressive growth of 25 per cent over

chennai , oct 28 , 2013 : cholamandalam ms general insurance company limited , a joint venture between the murugappa group and mitsui sumitomo insurance group japan , today announced the launch of its chola swasth parivar health insurance policy . the family floater policy offers a combination of health and personal accident covers at an affordable premium . the premium for a family of 4 ( 2 adults + 2 children ) works out to 5005 for a sum insured of 3 lacs . the premium does not increase with age ( upto 70 years ) making it the only policy in the market to offer such a benefit .

renowned brands like bsa , hercules , ballmaster , ajax , parry’s , chola , gromor and paramfos are from the murugappa stable . the organization fosters an environment of professionalism and has a workforce of over 32 , 000 employees .

the group has grown consistently through its decisive and visionary response to changing times . its pioneering efforts , steadfast commitment to ethical business practices and its dogged pursuit of new areas to extend its business acumen have brought in its wake several prestigious national and international awards . the group’s business philosophy can be summed up in this couplet from the ancient indian treatise on wealth creation and governance , the arthashastra :

market leaders in served segments including abrasives , auto components , cycles , sugar , farm inputs , fertilizers , plantations , bio - products and nutraceuticals , the group has forged strong alliances with leading international companies like groupe chimique tunisien , foskor , mitsui sumitomo , morgan crucible and sociedad química y minera de chile ( sqm ) . the group has a wide geographical presence spanning 13 states in india and 5 continents .

a palpable ‘can do’ energy at work . a diversity of businesses . exposure to enriching experiences . mentors who give you roots , yet let you grow wings to fly – there are many exciting reasons to seek a career at murugappa .

business organizations have many stakeholders , including shareholders , creditors , employees , customers , government and the society , and they need to fulfill their responsibility towards these stakeholders in an ethical manner . the corporate moral excellence theory of business ethics demands that business organizations need to practice their espoused values . this theory argues that , if business organizations practice their espoused values , ethical problems would not arise . every modern business organization has a well - defined value system , which is properly documented and communicated . the problem arises in practicing it . this paper analyzes the value system of an indian business group , namely the murugappa group , using a case study approach .

he did that when he sent a team to foskor , a south african supplier of phosphoric acid to the group ' s fertilizer company . vellayan put in place a team that increased production by 27 % , and ebit went from a loss of $ 22 million in 200405 to a profit of $ 122 million in 200708 . the group came out with a 13 % stake and a five - year supply contract .

the group has forged strong joint venture alliances with leading international companies like mitsui sumitomo , foskor , cargill and groupe chimique tunisien has consolidated its status as one of the fastest growing diversified business houses in india .

but for all its forays the murugappa group remains only a third of the size of , say , a mahindra & mahindra in terms of revenues . its portfolio of companies remains primarily those in agriculture , old - economy manufacturing and financial services ; it hasn ' t grown as fast as other groups that have expanded into sectors like infrastructure and telecom . a recent attempt with dbs of singapore to expand an indian retail - finance business went sour .

the contemporary indian tycoon is supposedly a decadent sort ; swanning about in luxury boats and skyscrapers with bollywood stars while living off inherited empires built on political connections that churn out cash . yet for all the visible swagger , indian business is in reality a fierce darwinian struggle , especially for those just below the top tier . an example is murugappa group , which ranks about 20th among indian family groups by sales and has been flirting with the big league for about a century .

it was in 1999 that m v subbiah decided to step down , bring in an external chairman for the group , and let the family take advisory positions . the murugappa corporate board was formed and n s raghavan , a professional , was appointed as chairman . on his retirement in 2001 , p s pai took over as executive chairman . during pai’s tenure the group went through a period of learning and growth . on completion of his tenure , m a alagappan , took over as executive chairman in october 2006 and a vellayan as its vice - chairman and director - strategy . a vellayan succeeded m a alagappan as the executive chairman and m m murugappan the vice chairman on november 1 , 2009 .

3 .  headquartered in chennai , india .  more than 32 , 000 employees globally .  strong alliances with huge international companies .  business origins dates back to 1900 when dewan bahadur murugappa chettiar established a money - lending & banking business .  diversification in the area of business a frequently repeated practice , with products ranging from bicycles to general insurance to fertilizers etc .  leadership models have changed throughout the times but always a family - run group . brief overview :

since last year vellayan has started holding two annual investor meets , one in india and one abroad . as a result the 111 - year - old group , which has maintained a low profile in the past , is lately gaining more visibility . " in the next few years murugappa will emerge in the top quartile of business houses in india , " predicts harsh dole , vice president at iifl cap of mumbai , the institutional equities division of financial services outfit india infoline . " they have vertical integration in key businesses . the platform for growth has been established . the systems and the people are in place , and most importantly , their internal cash flows are adequate to fund their growth plans . " ( murugappa also has bank loans . )

after an iffy patch in 2009 - 10 when it faced heavy bad debts on unsecured consumer loans , this business is now concentrating on loans for vehicles and rural homes . it has grown fast and contributes a third of the group’s pre - tax profits . given its rural focus and clean reputation , murugappa is a candidate for one of the new banking licences that india’s central bank is due to issue . that would allow it to raise deposits and , perhaps , make a leap in size .

10 . product offerings : the murugappa group has diverse interests in engineering , precision tools , finance , agro products , and biotechnology . thegroup ' sproductsare primarily divided into the following sectors :  agriculture and farm inputs ( fertilisers , pesticides , plantations , sugar and bio - products , nutraceuticals ) .  engineering ( tubes , chains and metal forms , material sciences ) .  consumer durables ( bicycles , fitness equipment ) .  services ( financial services , insurance services , it , travel )

in 2005 - 06 , combined turnover increased by 17 per cent to ₹ 7 , 340 crore and net profit ( pbt ) by 45 per cent to ₹ 800 crore . the group ended the year 2006 - 07 with a turnover of ₹ 8 , 446 crore , and profit before tax of ₹ 649 crore . the year 2007 - 08 saw a turnover of ₹ 9 , 852 crore . the group achieved a turnover of ₹ 13617 crores during 2009 - 10 , ₹ 17051 crores in 2010 - 11 , ₹ 22314 crores in 2011 - 12 and ₹ 22466 crores in fy 2012 - 13 . the fy 2013 - 1 4 saw the group reaching a turnover of ₹ 24350 crores .

4 . acknowledgement i would like to thank the co - ordinator , pondicherry university and loyola college twinning programme for providing all the encouragement and valuable inputs to do the project work by organizing seminars . i wish to convey my heartfelt thanks to prof . r . selva pary . m . a . , m . phil . , dept . of economics loyola college , ch - 34 , visiting faculty human resource management , pondicherry university - loyola twinning program for giving me all the valuable guidance to improvise the project . i would like to thank “murugappa group of companies” for providing me an opportunity to work with them and giving necessary guidance in completing the project to the best of my abilities . i am obliged to mr . parthasarathy , senior hr manager and mr . murali giri , senior admin manager - it - projects , murugappa group of companies , chennai who provided me the essential information and extended his best support . i would like to extend special gratitude to mr . parthasarathy , senior hr manager and mr . murali giri senior admin manager it - projects , murugappa group of companies , for being my company guide and providing me an insight into various issues pertaining to cases mentioned in the report . this is his sincere support and consistent guidance that led to the completion of the project . finally it is my foremost duty to express my gratitude to my parents , sister and friends for their moral support and encouragement without which would have not be a complete one . ( anil kumar khadka )

starting with a sandpaper plant , the group forayed into making steel safes , and then into manufacturing . it set up an insurance company , and bought a rubber plantation ; making a small but significant beginning . the rest is history .

3 . students’s declaration i , anil kumar khadka hereby declare that the project work titled “a case study on retaining the best talents in murugappa group of companies chennai” is the original work done by me and submitted to the pondicherry university in partial fulfillment of requirements for the award of master of business administration in human resource management is a record of original work done by me under the supervision of prof . r . selvapary m . a . , m . phil . enroll no : 0212390591 signature of the student date :

n srinivasan is the director - finance of the murugappa corporate board . he is a chartered accountant and company secretary with over 25 years of experience in the areas of corporate finance , legal , projects and general management . he is a director on the boards of cholamandalam investment and finance company ltd , tube investments of india ltd , cholamandalam ms general insurance company ltd and few other group companies . earlier , he was the cfo of carborundum universal ltd and was associated with corporate like bhel and thiru arooran sugars ltd .

in the past decade murugappa , like tata , has been spreading its wings globally , though not in businesses likely to draw popular attention . it has manufacturing bases in russia and china for abrasives , in france for industrial - class chains and in south africa for fertilizer inputs .

7 . journey…… . • a . m . murugappa lays the foundation of the group by establishing a money - lending and banking business , with ramanathan chettiar in burma , under the name a . m . m . rm . firm . 1900 – 1915 • the company diversifies into textiles , rubber plantation , insurance and stock broking . expands businesses to malaya , vietnam and ceylon . 1915 – 1934 • just before the japanese invasion of burma in world war ii , the company strategically moves its assets back to india . invests in steel furniture and emery paper . 1934 – 1949 • new companies ti of india and cumi are established . company enters the financial services sector with cholamandalam investment & finance co . 1950 – 1980 • new acquisitions take place demonstrating the company’s capability to turn around businesses . existing companies and new acquisitions are consolidated and the muruguppa group is formed . 1981 – 1990 • e group is restructured where core businesses are streamlined and portfolios , realigned . it takes on an aggressive growth path while driving into the domestic market . 1991 – 2000 • the group continues to increase its global presence through joint - ventures with leading international firms . its domestic capacity is on the rise through new product launches , newer acquisitions and green - field projects . 2001 onwards

market leaders in served segments including abrasives , auto components , transmission systems , cycles , sugar , farm inputs , fertilisers , plantations , bio - products and nutraceuticals , the group has forged strong alliances with leading international companies such as groupe chimique tunisien , foskor , mitsui sumitomo , morgan advanced materials , sociedad química y minera de chile ( sqm ) , yanmar & co . and compagnie des phosphat de gafsa ( cpg ) . the group has a wide geographical presence all over india and spanning 6 continents .

the great depression , world war and growing sentiment against foreigners cast a shadow on the future of the business in burma . employing keen foresight , dewan bahadur had the family funds transferred to india before the burmese government took over foreign holdings . the origins of the group in india can be traced back to this prudent act . in india , he encouraged his three sons to seize opportunities that would diversify their businesses . a series of investments included a sandpaper plant , manufacturing of steel safes , setting up of an insurance company , a rubber plantation and more . the group has drawn from its heritage and carried out organisational and entrepreneurial changes with transparency ; and was one of the first to successfully transition from a family - managed group to a professionally managed corporate house .

4 , 206 crore in 2002 - 03 , and a 40 per cent jump in profit before tax over the previous year . consolidated group turnover for 2004 - 05 crossed usd 1 . 44 billion , a growth of 20 per cent over the previous year .

30 . 2 . 4 tube investments of india limited - murugappa group management tress board of directors general manager ( corporate affairs ) service department work manager deputy woks manager ( floor incharge ) body & paint dept spares department hr , accounts & true value dept . service coordinator supporting section manager manager manager supervisor customer care , front office , lobby hostess , service mktg ) supervisors sr . executive sr . executives asst . service advisors senoir executives asst . supervisor officiers executive officiers service advisors executives technicians asst . officiers asst . officiers technicians technicians asst officiers technicians officers technicians

shares of some of the group companies reacted negatively in the bourses . while coromandel international was down 1 . 3 % , cholamandalam was down 2 . 83 % and tube investments was down 1 . 07 % . carborundum was down 1 . 4 % while eid parry closed marginally higher .

92 . bibliography i am overwhelmed in presenting my mba project report in murugappa group of company works for this i wish to express my deep sense of gratitude for following web sources and authors to take their references for these projects . books : 1 ) human resource management - - - - margam publications 2 ) human resource management system - - - - - prof . mr . subbarao 3 ) human resource management - - - - - - - - - - jyotsna bhatnagar 4 ) retention management - - - - zarmilaemba web sources : 1 ) urltoken 2 ) urltoken 3 ) urltoken 4 ) urltoken 5 ) urltoken

our journey began in 1898 when 14 year old murugappa chettiar accompanied his uncle as an apprentice to the british province of burma . he eventually set up his own banking practice , with his fluency in burmese giving him an uncommon edge . by 1914 , he had secured his firm’s position as second only to the imperial bank of burma .

a vellayan is the executive chairman of the murugappa corporate board . he is the chairman of eid parry ( india ) limited and coromandel international ltd . he is also on the board of kanoria chemicals ltd . he holds a diploma in industrial administration from the university of aston , uk and a master’s degree in business studies from the university of warwick business school , uk