Murugappa Group

The group’s business empire, which generated a revenue of over $9 billion in FY23, has been under talks for an amicable division, the report said, adding that the negotiations are being led by the Murugappa Chettiar family.

CG Power and Industrial Solutions expects OSAT business to generate revenues in next 4 years: MD

The estimated investment in the project over five years is Rs 7,600 crore and the same is expected to be funded by a combination of government subsidies, equity contribution and potential bank borrowings as required, the company said.

CG Power inks pact with K Raheja to redevelop headquarter building in Mumbai's tony Worli area

The company and the developer will be entitled to 50% share of the leasehold right and the developed building.

Murugappa family completes family arrangement with Valli Arunachalam; latter to withdraw legal proceedings

Valli, daughter of the late M V Murugappan, former head of Carborundum Universal Ltd, wanted a board seat in Ambadi Investments Ltd (AIL), the holding company of the group, or the family members to buy out the 8.15 percent stake held by herself and her sister in AIL.

Murugappa Group stocks jump up to 6% as warring family branches settle feud

The settlement of the feud removed the overhang on stocks of the Murugappa Group companies. Now the management and shareholders can focus on growth of the Group.

Tube Investments rises 6% as consolidated net profit zooms 74% YoY

Consolidated net profit zoomed 74 percent on year to Rs 311.84 crore in the quarter ended March while sales rose 11 percent YoY to Rs 3,778.24 crore.

Tube Investments: Why does the market retain faith in it despite ‘puzzling’ healthcare forays?

The Murugappa Group company has been reshaping its business over the past two years through venture capital fund-type investments and turning around distressed companies

Tube Investments' EV arm gets Rs 1,200 crore investment from Multiples PE

The investment from Multiples is a part of the Rs 3,000 crore fundraising efforts by TICMPL for its electric vehicle venture.

Coromandel International develops nanotechnology-based fertilizer

Coromandel International Ltd is setting up a greenfield facility in Andhra Pradesh and plans to launch the product this year, it said.

Wendt India reports October-December standalone PAT at Rs 11.45 crore

The Murugappa group company had registered a standalone profit after tax at Rs 6.76 crore during corresponding quarter of previous year.

Wendt India clocks Q1 standalone PAT at Rs 6.94 crore

The Murugappa Group company had registered standalone profit after tax at Rs 5.34 crore in corresponding quarter previous year.

Tube Investments acquires Moshine Electronics for Rs 8.64 crore in all-cash deal

The Murugappa Group firm buys 76 percent equity in the start-up that makes camera modules for mobile phones.

TI Clean Mobility Agrees to Acquire Stake in IPL Tech for Rs. 246 crore

The proposed acquisition is consistent with the objective of the company to broaden its product and business portfolio to reduce its dependence on existing revenue streams.

TI Clean Mobility picks up majority stake in IPL Tech Electric for Rs 246 crore

TI Clean Mobility is a wholly-owned subsidiary of Tube Investments of India, part of the city-based diversified conglomerate Murugappa Group

Murugappa Group company to launch electric three-wheelers by September

TI Clean Mobility will come out with three variants each in the passenger and cargo segments for electric three-wheelers

Board clears deck for Tube Investments to foray into new businesses; terminate GDP programme

Company to move into medical devices & instruments, electronic products & components, and energy-related products

How does Murugappa Group keep everyone in the family happy?

When family businesses are struggling to keeps its members united, this century-old group seems to have cracked the code

CUMI acquires German firm Rhodius at an enterprise value of Rs 464 crore

The acquisition will be done through CUMI Abrasives GmbH, Germany, a step-down wholly owned subsidiary of Carborundum Universal Limited.

Tube Investments of India sets up new arm to focus on clean mobility

The company is also planning to acquire a 70 percent equity stake in Cellestial E-Mobility Private Limited with an investment of Rs 161 crore.

Valli Arunachalam: Diverse corporate leadership is key to post-pandemic survival of all humanity

Transformational corporate leadership will be vital for building a stronger economy and society. Research shows women leaders have the right mix of skills and behavioural traits for this.

Valli Arunachalam’s battle at Murugappa is for all the women of India

For years, we have seen the unseemly sight of male heirs in India squabbling for spoils of the family fortunes. Yet, the moment a few brave women stake their claim to be considered as part of the business in their own right, all hell seems to break loose

Valli Arunachalam moves waiver application to sue Murugappa Group

Valli Arunachalam's family owns 8.21 percent in Ambadi Investments, thus falling short of the minimum requirement by 1.79 percent.

CG Power lenders agree for loan restructuring, pave way for Murugappa takeover

In separate stock exchange filings, CG Power and Murugappa Group firm Tube Investments of India Ltd (TIIL) said lenders have accepted one-time settlement and restructuring of debt.

Tube Investments' stake purchase in CG Power gets Competition Commission nod

In August, TIIL offered to invest Rs 700 crore in CG Power for more than 50 percent stake.

Murugappa Group family feud: Shareholders vote against giving Valli Arunachalam a board seat

Valli Arunachalam, who has been engaged in a long-standing battle for recognition as her father's heir, had reportedly proposed her name for the directorship in a notice last month