Murugappa Group

Vellayan Subbiah to exit Cholamandalam Investment Finance as part of Murugappa family settlement

After two years of talks, Murugappa family settlement sees Subbiah exit Cholamandalam and align ownership with Tube Investments and CG Power.

It was a wild risk, but the underlying businesses were strong: Murugappa’s N Srinivasan on CG Power’s Revival

CG Power today is worth over Rs 1 trillion and is considered among one of the most successful corporate turnaround of recent years

Former Murugappa Group Chairman Arunachalam Vellayan passes away

Vellayan (72) passed earlier today after a prolonged illness.

Murugappa group's talks for amicable split hit roadblock: Report

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.