Page 3 - Murugappa Group

Family rift over asset settlement out in the open at Murugappa Group

Daughter of former group patriarch says will explore all options if not treated fairly on asset settlement

Lotte picks up the confectionary trail, puts spotlight back on Coffy Bite

The Korean major that owns Parry's Confectionary turns to an old faithful brand, Coffy Bite, to push its way forward in the candy and gums business

Murugappa Group eyes double-digit growth in FY20, plans Rs 1,300 cr capex

Group is going ahead with expansion despite challenges faced in its main businesses such as fertilizer, sugar, engineering and financial services

What Murugappa Group's chief learned from the Tao of Leadership

Murugappan speaks to T E Narasimhan & Gireesh Babu about how keeping things simple has worked in his favour

Murugappa Group to invest Rs 20 billion in next two years

The plan includes a Rs 3.50-billion investment into expansion of its phosphoric acid facility in Visakhapatnam

Murugappa Group appoints M M Murugappan as exec chairman, succeeds Vellayan

In a change of guard in the Rs 300 billion-Murugappa Group, M M Murugappan has taken charge as the Executive Chairman of the Group today, succeeding A Vellayan who has been the Executive Chairman from November 2009. Vellayan retires, as customary in the Murugappa Group, at the age of 65. Murugappan was the vice-chairman of the Group so far.During his tenure, A Vellayan steered the Group's growth through organic and inorganic initiatives, recording nearly 100% increase in revenues from Rs 159.07 billion in 2008-09 to Rs 300.23 billion in 2016-17. During this period, the Group's earnings before interest, tax, depreciation and amortization (EBITDA) had gone up from Rs 15 billion to Rs 40 billion and in percentage from 10 per cent to 14 per cent. The Group's market cap has gone up from Rs 116 billion to over Rs 700 billion at the end of January 2018. It took nearly 109 years for the Group to reach market capitalisation of $1 billion, and it was then Vellayan took over as the Executive ...

Murugappa Group to rope in start-ups to strengthen its agri biz

It is already working with start-ups in the fertiliser business and with non-banking finance firms

Implementation of swadeshi policies have started benefitting, says Vellayan

Also says, better performance, investor confidence in India & a strong rupee have helped businesses

Murugappa Group's market cap touches $8 bn in March quarter

Group received highest revenue from Coromandel International

Vellayan charts new course for Murugappa

The conservative Chennai-based group has tried its hand at joint ventures and inorganic growth, with encouraging results

Payments bank not viable for us, says Murugappa Group

Murugappa Group surrendered its in-principal approval for payment banks two months back

Murugappa group PAT up 46% owing to one-time income

The group expects 20% growth this year due to better industry scenario

Son of a grand-aunt and another botched insider trading case

In a little less than a year, life has become full circle for Murugappa Group Chairman A Vellayan