The Murugappa Group is a USD 3 billion Indian conglomerate founded in 1900 and headquartered in Chennai, India. It has interests in engineering, abrasives, finance, general insurance, fertilisers, farm inputs, sugar, bio-products, nutraceuticals, cycles and plantations, and employs over 30,000 people. The Group's business philosophy focuses on ensuring no losses for stakeholders and treating all people with respect. It has restructured over time to be led more by professional non-family managers while maintaining its values.
The Murugappa Group is a USD 3 billion Indian conglomerate founded in 1900 and headquartered in Chennai, India. It has interests in engineering, abrasives, finance, general insurance, fertilisers, farm inputs, sugar, bio-products, nutraceuticals, cycles and plantations, and employs over 30,000 people. The Group's business philosophy focuses on ensuring no losses for stakeholders and treating all people with respect. It has restructured over time to be led more by professional non-family managers while maintaining its values.
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The Murugappa Group is a USD 3 billion Indian conglomerate founded in 1900 and headquartered in Chennai, India. It has interests in engineering, abrasives, finance, general insurance, fertilisers, farm inputs, sugar, bio-products, nutraceuticals, cycles and plantations, and employs over 30,000 people. The Group's business philosophy focuses on ensuring no losses for stakeholders and treating all people with respect. It has restructured over time to be led more by professional non-family managers while maintaining its values.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPTX, PDF, TXT or read online from Scribd
USD 3 billion Headquarters - Chennai Interests - engineering, abrasives, finance, general insurance, fertilisers, farm inputs, sugar, bio- products, nutraceuticals, cycles and plantations Employees – Over 30,000 BUSINESS PHILOSOPHY • The Group's business philosophy can be summed up in this couplet from the ancient Indian treatise on wealth creation and governance, the Arthashastra: • "The fundamental principle of economic activity is that no man you transact with will lose, then you shall not." VALUES AND BELIEFS • Adhere to ethical norms in all dealings with shareholders, employees, customers, suppliers, financial institutions & government • Treat people with respect and concern; provide opportunities to learn, contribute & advance; recognize and reward initiative, innovativeness & creativity • Maintain an organizational climate conductive to trust, open communication & team spirit, a style of operation befitting our size but reflecting moderation & humility • Manage environment effectively for harnessing opportunities • Discharge responsibilities to various sections of society and preserve environment • Grow in an accelerated manner, consistent with values and beliefs, by continuous organizational renewal • Provide value for money to customers through quality products and services
FAMILY TREE NEW GOVERNANCE STRUCTURE • NGS was created in 1999 • Changed the leadership of individual business units from family members to professional managers • Family members moved to board positions on MCB Creation of knowledge transfer and technology synergies Shift in decision-making (more collaborative) RESTRUCTURING THE ORGANISATION • GOALS – To introduce change without disrupting performance • To be more of a Group rather than a collection of separate entities • To be more flexible in the make-up of the portfolio of businesses • To have less emotional attachment by individuals to their business • To shift away from family-led units to non-family-led units • To mentor the non-family managing directors for the long- term view. Boards and Committees WHISTLE BLOWING POLICY OBJECTIVE • To provide employees, customers and vendors an avenue to raise concerns which seem to go against company’s commitment • Provide necessary safeguards for protection of employees from victimization COMPANIES MAJOR COMPANIES OF MURUGAPPA GROUP
• Carborundum Universal Limited
• Cholamandalam MS General Limited • EID Parry India Limited • Parry Agro Industries Limited • Cholamandalam DBS Finance Limited • Coramandel Fertilisers Limited • Tube Investments of India Limited • THE OTHER COMPANIES OF MURUGAPPA GROUP • Ambadi Enterprises Ltd • Kadamane Estates Company • Murugappa Morgan Thermal Ceramics Ltd • New Ambadi Estates Pvt Ltd • Wendt India Ltd • Sterling Abrasives Ltd • Net Access India Pvt Ltd • Laserwords Pvt Ltd • Placon (India) Pvt Ltd • Prodorite Anticorrosives Ltd CORPORATE BOARD CORPORATE SOCIAL RESPONSIBILITY
Transitioning into New Manufacturing Paradigm: To Succeed in the Customer Centric Business Environment—Agility, Speed and Responsiveness. “The Lean Manufacturing Enterprise”