Murugappa Group Stocks

In 1900, Dewan Bahadur AM Murugappa Chettiar established a money lending and banking business in Burma under the name AMM Rm Firm. Later, the group diversified into various businesses, such as rubber plantations, textiles, insurance, and stock broking. They expanded to various other regions like Vietnam, Malaysia and Sri Lanka before entering India between 1934 to 1949. 

Between 1991 to 2000, Murugappa Group was formed by building a strong and leading company in the market in key sectors like financial services, agri-solutions and engineering. As of 2023, Murugappa Group is an ₹742 billion conglomerate with a presence worldwide. The Group is diversified into 28 businesses and manufacturing units in 11 locations in the world.

Murugappa Group currently operates in sectors such as:

• Financial Services: Through Cholamandalam Investment and Finance Company Limited (CIFCL), Cholamandalam MS General Insurance Company Limited and Cholamandalam MS Risk Services Limited, the Group provides insurance and financial services.
• Agriculture: Through Coromandel International Ltd, EID Parry (India) Limited, and Parry Agro Industries Limited, the Group is in the agricultural sector. 
• Engineering: Through Carborundum Universal Limited (CUMI), Tube Investments of India Limited (TII) and CG Power, the Group offers engineering solutions.
• Others: The Group has a presence in other business sectors, such as construction and real estate development, through their company Coromandel Engineering Limited and textile products through Ambadi Enterprises Limited. They also offer mosquito-proofing solutions, food ingredients and flavouring agents marketing, travel solutions and solar energy solutions through their Group company, Parry Enterprises

MM Murugappan, Executive Chairman

MM Murugappan is the Executive Chairman of the Murugappa Group. He also serves on the Boards of several companies, such as Cyient Limited, IIT Madras Research Park and Ambadi Investments Limited.

Investing in Murugappa Group stocks via Angel One is easy. Simply follow these steps:

• Log in to your Angel One account.
• Click on the search icon and look for your desired Murugappa Group stock.
• Now, place your buy order. Simply click on the ‘Buy’ button, enter your desired quantity, and select the order type. 
• To complete your transaction, click on the ‘Buy’ button.

If you don’t have a Demat account with Angel One, you can open one for free online within minutes.