The NDA II government has been emphasising the importance of scaling up the size of public sector entities. In the oil sector, the government initiated measures to merge the public sector oil companies to form a mega-corporation that would compare in size with global giants. It made a beginning, merging
Rane Group – Deming Prizes Galore! Vinod Dasari, then Managing Director, Ashok Leyland, once told me: “there are more Deming award-winning companies in an hour’s drive around Chennai than the whole of the US and Europe combined.” Frequently we come across news on Tamil Nadu-based companies emerging as Deming award winners. The
T R Gopalan, Regional Director, Indo-German Chamber of Commerce, mentioned increasing investments from Germany in Tamil Nadu. With the reputation of Germany in engineering excellence there is increasing interest in hi-tech companies setting up manufacturing facilities in Tamil Nadu. The latest is Witzenmann India that opened its production facility at Chromepet.
Improved margins for SAIL The persistent strategic approach helped SAIL to strengthen the EBIDTA to Rs.5184 crore in 2017-18, a substantial increase over 2016-17, said Saraswati Prasad, CMD, SAIL. SAIL achieved its highest ever production of hot metal of 15.983 MT, crude steel of 15.021 MT and saleable steel of 14.071 MT.
Leyland posts record performance With commercial vehicle industry turning around well and recovering strongly during 2017-18, Ashok Leyland, the Hinduja flagship, has maintained market share and has reported record revenue and profit for the full year. Its profit after tax (including exceptional item) grew 28 per cent Rs.1563 crore for 2017-18
Star Health – another year of sterling performance It was another year of spectacular growth for Star Health Insurance. The gross underwriting premium income recorded a 40 per cent growth to a whopping Rs 4155 crore. The company continues to be a leader in the health insurance business. While most other general
With remarkable top and bottom line numbers 2017-18 had been a record year the Murugappa Group. Net sales grew 13 per cent to Rs. 32,893 crore while EBITDA increased 14 per cent to Rs. 4663 crores. The group, comprising 28 businesses, has nine listed companies focusing on agriculture, engineering and
M V Arunachalam could be termed the most familiar public face of the Murugappa group of companies. Along with his uncles AMM Murugappa Chettiar and AMM Arunachalam, he formed the triumvirate that managed and expanded the group in the initial decades. This post graduate of the Madras University was quite