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