Ad Here  
January
February
March
April
May
June
 
 
The 20-year itch of Hindujas ends Force Motors’ two new SUVs Prithika Yashini takes charge... Safe Trac-keeps track on your safety SGRI – a global research centre for building materials Aviation sector to grow three times... North Chennai booms Vanakkam Chennaiyin FC Hawker’s paradise gets a permanent place The sweet tooth of the city Raj Bhavan opened the gates for public India’s first 3D Museum Arnold visits Chennai Online approval of layout plans Cricket comes calling to Chennai Coimbatore backs up for Chennai Must visit of 2014 377 yet young Bewailing monsoons the new fad Keep in touch, anytime anywhere Presto! Bravo! Reality Check Frontier Mediville attracts Japanese investments Tambaram tracks…. Metro chugs through the city Water wars begin How to roast 45 human beings alive The underground don zips through Outlays and outcome – the long gap Working space for women by woman The worst is yet to come City Corner-June Pocket Therapist finds mention in Forbes Indian media-operators of democracy Paranjoy on crony capitalism Read before you buy... Chennai gets its Imax Boozing and driving Chennaites lose 7 crore to debit card frauds K7’s Entrepreneurial Odyssey A praiseworthy peer recognition Ennore Port excels It’s so cool! Google street view’s India competitor I know nothing else but cinema... Sathyabhamasat propels ahead Meters return to the metro The curious case of Evgenii Berdnikov A budget that butted into deficit International conference on saving energy, environment Medical miracle! CMRL takes off till airport Chennai Metro looking for revival Yamaha in the news Car-free Bessy This dabba has a cure for all your ailments Planning the right energy Chevrolet Sail U-VA Launched 60 years of cultural and economic ties Perplexing communications Star studded city Overflowing garbage Know the start-ups in the city Technologists to rescue When Marina became the Tahrir Square Technology handshakes with sanitation Talk your way and land in a job Chennai soon to get an Aerospace Park A new technique to treat dry sewage Green energy, not really green? The auto gets a remake Murugappas-focus on consolidation Chennai airport to become solar-powered Metro mania Tamil Nadu Premier League launched Missing, but not missing the top spot Yes, you are safe! Education a cause of concern Book your water tanker A skinny affair It is not only your noodle... Nilam threatens the city The sunshine and the shadow side of this digital era Colourful welcome at the Saidapet station Building highs and lows Thrills for the holiday season Chennai to Bengaluru as quick as pizza delivery Indian of the Year City Corner - Chennai Maruti Suzuki wins NIQR award The sweet killer A feast for book worms When the crowd will miss the roar Apollo targets a third of CV tyre market An industry institution link… State VAT leads to inflation: a study Need for an integrated approach to medicine Doing business is not so easy in Chennai Chennai, the noisiest city City Corner Kollywood’s Mahabharatha TTV stumps all When Chennai became Venice A sweet marketing splash by Pattappas City Corner From trash land to tourist spot Realty bytes Million landmark and Rs. 200 crore influx by Yamaha Black outs will be knocked out Is Chennai now the accident capital? He made Ranganathan Street so crowded... India’s first online-only bicycle brand Two friends trigger a change Metro chugs the green way Engineering colleges lose lustre Mexico opens Consulate in Chennai Self-sufficiency in dredging... Hey Chitti! please take my order Chennai Silks in flames Water woes Chennai teachers rank low
 
Murugappas-focus on consolidation

Murugappa Group Executive Chairman A Vellayan targeted growth for his group at three times that of GDP. In recent years, when the economy grew at 8 per cent, the group recorded growth at 25 per cent. With high inflation, interest rates and depressed demand, the group focused on consolidating its operations.

The Group recorded gross sales of Rs 24,350 crore for 2013-14. The flagship company Coromandel International Ltd. clocked Rs 10,144 crore. The EBITDA recorded a modest five per cent growth to Rs 2627 crore. The finance arm, Cholamandalam Investments and Finance Co Ltd (CIFCL), grew at 28 per cent with sales of Rs 3279 crore and Cholamandalam MS General Insurance Co Ltd grew at 14 per cent.

A highlight was a tripartite joint venture alliance with Yanmar (40 per cent) and Mitsui (20 per cent), both from Japan, to manufacture and market farm machinery.

The sugar segment saw  sales revenue of Rs 1448 crore and de-grew by 17 per cent because of low net realisation. While the business of organic fertiliser and demand for single sulphate phosphate dropped, the company benefitted from pipeline inventory reduction of complex fertilisers by 45 per cent.  Vellayan said that last year was the best for CIFCL and asset under management touched

Rs 25,000 crores (24 per cent growth). With capital adequacy comfortable at over 17 per cent, the promoter’s holding has been reduced from 75 per cent to 54 per cent.

Foreign operations accounted for ten per cent of the turnover.

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com