Tag: Murugappa

CorporateCorner – February 2024

ONDC and Chennai Metro Collaborate… The Open Network for Digital Commerce (ONDC) has launched ticketing services of Chennai Metro on its platform. This move marks...

From abrasives and bicycles to agrichemicals to finserve… The ‘Gromore’ group

In the early years of independence, the Murugappa Group under the chaimanship of Sir Arcot Ramaswami Mudaliar as Chairman and A M M Murugappa...

Murugappa Group restructures ownership

Another iconic family-run business of Chennai, the $ 5 billion turnover Murugappa group, is repositioning the leadership of unit companies aligning these with families. Till recently the group had the senior most family member designated as chairman of the group: in the early stages under AMM Murugappa Chettiar (1902-1965) the group entered into a number of foreign collaborations and emerged a large light engineering conglomerate that was nurtured by AMM, his younger brother AMM Arunachalam and their nephew M V Arunachalam. The chairmanship passed on, in due course, to AMM Arunachalam and thence to M V Arunachalam. During the tenure of MVA, the group expanded through acquisitions of the two-centuries’ old EID Parry. This helped it diversify activities to sanitaryware, fertilizers, sugar, confectionary … The baton passed to MVA’s brother M V Subbiah.

Motivating managerial excellence

A significant differentiator has been the ability of MMA to enlist talent from the luxurious pool of ex-defense personnel. MMA has been lucky in...

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