Ad Here  
Vanakkam Chennaiyin FC Hawker’s paradise gets a permanent place Read before you buy... Is Chennai now the accident capital? The sunshine and the shadow side of this digital era Black outs will be knocked out India’s first 3D Museum Overflowing garbage Water wars begin Chennai to Bengaluru as quick as pizza delivery Indian of the Year Chennai teachers rank low K7’s Entrepreneurial Odyssey Million landmark and Rs. 200 crore influx by Yamaha Prithika Yashini takes charge... Online approval of layout plans Outlays and outcome – the long gap A skinny affair A sweet marketing splash by Pattappas The worst is yet to come Yes, you are safe! Paranjoy on crony capitalism City Corner A praiseworthy peer recognition Water woes North Chennai booms This dabba has a cure for all your ailments Must visit of 2014 Keep in touch, anytime anywhere Book your water tanker Chennai airport to become solar-powered Force Motors’ two new SUVs Missing, but not missing the top spot Coimbatore backs up for Chennai Engineering colleges lose lustre Murugappas-focus on consolidation A feast for book worms 60 years of cultural and economic ties Indian media-operators of democracy Education a cause of concern City Corner Need for an integrated approach to medicine Chennaites lose 7 crore to debit card frauds City Corner - Chennai Chevrolet Sail U-VA Launched How to roast 45 human beings alive Presto! Bravo! Technology handshakes with sanitation Sathyabhamasat propels ahead When the crowd will miss the roar Reality Check The curious case of Evgenii Berdnikov Chennai soon to get an Aerospace Park When Chennai became Venice Medical miracle! Green energy, not really green? Arnold visits Chennai Apollo targets a third of CV tyre market Safe Trac-keeps track on your safety Maruti Suzuki wins NIQR award Google street view’s India competitor City Corner-June Perplexing communications Yamaha in the news Ennore Port excels Metro chugs the green way Colourful welcome at the Saidapet station Tambaram tracks…. Metro mania India’s first online-only bicycle brand Talk your way and land in a job Pocket Therapist finds mention in Forbes Raj Bhavan opened the gates for public Cricket comes calling to Chennai A budget that butted into deficit The underground don zips through State VAT leads to inflation: a study It is not only your noodle... Frontier Mediville attracts Japanese investments International conference on saving energy, environment Building highs and lows When Marina became the Tahrir Square Chennai, the noisiest city Chennai gets its Imax The auto gets a remake Self-sufficiency in dredging... Technologists to rescue Kollywood’s Mahabharatha Doing business is not so easy in Chennai Tamil Nadu Premier League launched Metro chugs through the city Aviation sector to grow three times... CMRL takes off till airport The sweet killer Car-free Bessy A new technique to treat dry sewage An industry institution link… Mexico opens Consulate in Chennai Two friends trigger a change Bewailing monsoons the new fad Boozing and driving Realty bytes TTV stumps all The sweet tooth of the city Thrills for the holiday season I know nothing else but cinema... SGRI – a global research centre for building materials Star studded city It’s so cool! He made Ranganathan Street so crowded... The 20-year itch of Hindujas ends Hey Chitti! please take my order From trash land to tourist spot Chennai Silks in flames Chennai Metro looking for revival Know the start-ups in the city Nilam threatens the city Working space for women by woman Planning the right energy 377 yet young Meters return to the metro
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 :
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
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236