One of India’s largest corporate empires was founded in 1900 and has a market capitalization of Rs. 547 billion (Rs. 54,722 crores). In addition to ten listed companies trading on the NSE and BSE, the Group has 29 enterprises overall. The main corporations of the Murugappa Group Of Companies are Cholamandalam Financial Holdings Ltd., Cholamandalam MS General Insurance Company Ltd., Cholamandalam Investment and Finance Company Ltd., Coromandel International Ltd., E.I.D. Parry (India) Ltd., Coromandel Engineering Company Ltd., Parry Agro Industries Ltd., Tube Investments of India Ltd., Shanthi Gears Ltd., and Wendt (India).
With well-known international businesses including Yanmar & Co., Foskor, Morgan Advanced Materials, Groupe Chimique Tunisien, Mitsui Sumitomo, and Compagnie Des Phosphat De Gafsa, the Group has developed solid partnerships (CPG). The Group is geographically present in all of India and on six different continents.
The company, which used to go by the name Coromandel Fertilizers, deals in fertilisers, insecticides, and specialised nutrients. Additionally, the company operates Mana Gromor Centers in the states of Andhra Pradesh, Karnataka, and Maharashtra, engaging in the rural retail sector. EID Parry, which owns 62.82% of the company’s ownership, and the Murugappa Group both include Coromandel International as a subsidiary. The company has sixteen manufacturing facilities spread out over the states of Andhra Pradesh, Maharashtra, Tamil Nadu, Gujarat, Madhya Pradesh, Rajasthan, Uttar Pradesh, and Jammu & Kashmir. Godavari, Parry Gold, Gromor, Paramfos, and Parry Super are some of the company’s products.
Their total assets were valued at 10,148.77 crore (US$1.4 billion) as of 2020, while their revenues were 13,176.73 crore (US$1.8 billion).
The 64-year-old Coromandel Engineering Company Ltd. is a construction firm owned by the US$3.8 billion Murugappa Group. One of India’s oldest and most reputable corporate organisations, the corporation invented various cutting-edge engineering methods and was the country’s first to use pre-engineered metal buildings. In all Indian states and union territories, the company has completed or is currently completing projects as a provider of integrated turn-key construction services. In the residential, commercial, industrial, and infrastructure sectors of the building business, they offer integrated turnkey construction services. With extensive operations in Tamil Nadu, the corporation is also engaged in the real estate development industry.
Their primary line of work is the development of the residential and commercial real estate. The company has a fully integrated internal development team that handles all facets of real estate development, from project selection and inception through construction to completion and sale. The Coromandel Engineering Company Ltd., the company’s original name, was incorporated on September 3, 1947. At first, the business was involved in the civil construction industry, building factories and other structures.
An Indian public corporation with its main office in Chennai, Tamil Nadu, East India Distilleries (EID) Parry Limited has been in operation for more than 225 years. It may be proud of a number of firsts, including the first fertiliser production in the Indian subcontinent in 1906. The company’s current activities include producing and marketing sugar and bioproducts. The oldest surviving mercantile name in Chennai is Parry’s.
Thomas Parry, a Welshman who immigrated to India in the latter half of the eighteenth century, founded EID Parry, one of the earliest corporate companies on the Indian subcontinent. He began a banking and piece goods business on July 17, 1788.
Thomas Parry and John William Dare created the “Parry and Dare” Company by the end of 1819. Parry is the source of the name of Parry’s Corner, one of Chennai’s most well-known central commercial districts. The corporation founded by Parry grew over time, and its signature brand, EID Parry, became apparent.
Part of the Murugappa Group, one of India’s most reputable commercial conglomerates and one of the country’s top producers of CTC, Orthodox, Organic, and Green teas, is Parry Agro.
The tea estates and factories of Parry Agro cover 3,210 hectares and generate over 14 million kilos of tea annually. The brand has had a solid international image and respectability as one of the top tea producers for the past 50 years. Located in Rajagarh, district Udalguri, BTAD – Assam, Rajajuli Tea Factory is a 1 million kilogramme of CTC tea producing unit. The mill is surrounded by 5000 hectares of mature, young tea plantations.
Among the major gear manufacturers in India, today is Shanthi Gears, a division of India’s Tube Investments. Shanthi Gears is a pioneer in the field of gear production. Some of the greatest brands in the industry have turned to Shanthi Gears for gear and gearbox solutions for over 40 years.