How Much Revenue Does Murugappa Group Make from Each of Its Businesses?

Murugappa Group, a diversified Indian conglomerate, generates revenue from key sectors like financial services, engineering, abrasives, agriculture, and manufacturing. Each business division contributes significantly, reflecting the group’s strong industrial presence and balanced growth across domestic and international markets.

Murugappa Group’s Company Overview and History

Murugappa Group, founded in 1900 by Dewan Bahadur A.M. Murugappa Chettiar, is one of India’s oldest and most respected business conglomerates. Headquartered in Chennai, it operates in financial services, engineering, agriculture, abrasives, and manufacturing across India and international markets.

With a rich legacy spanning over 124 years, Murugappa Group owns leading brands like Cholamandalam, Carborundum Universal, Coromandel International, and Tube Investments. The group is known for its ethical business practices, innovation, and contributions to India’s industrial growth and economic development.

Murugappa Group’s valuation is estimated at over ₹75,000 Crores, reflecting its vast business portfolio and financial strength. Owned and managed by the Murugappa family, the group maintains a robust presence in the Indian business landscape and global markets.

The group ranks among India’s top industrial houses with leadership in abrasives, bicycles, fertilizers, financial services, and engineering. Its diverse businesses ensure strong market positions in both domestic and international markets, earning global recognition for performance and reliability.

Murugappa Group Financials and Shareholder Returns

Murugappa Group maintains strong financial performance with consistent revenue growth, solid profitability, and reliable shareholder returns driven by its diverse business portfolio spanning financial services, manufacturing, agriculture, and engineering sectors.

Particulars	Details
Revenue (FY 2024)	₹63,000 Crores
Net Profit (FY 2024)	₹4,800 Crores
Dividend Yield	1.6%
1-Year Return	10%
3-Year Return	32%
5-Year Return	58%

How Murugappa Group Started and the Growth of Its First Business

Murugappa Group began in 1900 as a money-lending and banking business in Burma (Myanmar), founded by Dewan Bahadur A.M. Murugappa Chettiar. The group later diversified across sectors, becoming one of India’s leading industrial conglomerates.

• First Business: Murugappa Group started with banking and money-lending in Burma, supporting agriculture and trade during British rule when financial services were scarce, making it crucial for farmers and traders.
  
• Founder and Establishment: Dewan Bahadur A.M. Murugappa Chettiar founded the group in 1900. His sharp business acumen laid the foundation for future growth, starting with financial services and expanding over time.
  
• Industry Scenario: During that era, banking services were limited, dominated by European firms. Murugappa Group’s entry provided essential financial services, creating strong trust among local businesses and farmers in the region.
  
• Current Leadership: Presently, Murugappa Group is chaired by M.M. Murugappan, leading operations across diverse sectors like engineering, agriculture, abrasives, and financial services while upholding the group’s legacy and strategic growth vision.

How Did Murugappa Group Expand into Subsequent Business Sectors?

Murugappa Group expanded beyond financial services by strategically entering manufacturing, engineering, agriculture, and abrasives, building a diversified portfolio that ensured growth, stability, and leadership in India’s industrial and financial sectors.

• Engineering & Manufacturing (1949): Murugappa Group entered engineering with the launch of Tube Investments of India. The company began producing steel tubes, bicycles, and metal-formed products, capitalizing on India’s industrialization and growing transportation demand post-independence.
  
• Abrasives (1954): The group diversified into abrasives by establishing Carborundum Universal Limited (CUMI). It manufactured coated and bonded abrasives, ceramics, and electro minerals, catering to India’s growing infrastructure, manufacturing, and construction industries.
  
• Agriculture & Fertilizers (1961): Expanding into agriculture, the Murugappa Group launched Coromandel International. It focused on fertilizers, crop protection, and specialty nutrients, supporting India’s Green Revolution and growing demand for agricultural productivity and rural development.
  
• Financial Services (1978): Strengthening its financial arm, the group established Cholamandalam Investment and Finance Company. It provided vehicle finance, home loans, and insurance, becoming a major player in India’s non-banking financial services sector.

Murugappa Group Revenue Split – How It Earns Across Different Sectors

Murugappa Group earns revenue from multiple sectors, reflecting its diversified business model. Key contributors include financial services, engineering, agriculture, and abrasives, with each division playing a crucial role in sustaining the group’s growth and financial strength.

• Financial Services: Cholamandalam Investment generates around ₹15,500 Crores annually, offering vehicle finance, home loans, and insurance services, making it the group’s largest revenue contributor with steady growth in India’s NBFC sector.
  
• Engineering & Manufacturing: Tube Investments of India contributes approximately ₹14,800 Crores yearly, manufacturing bicycles, steel tubes, metal-formed products, and chains, serving India’s industrial, automotive, and infrastructure markets.
  
• Agriculture & Fertilizers: Coromandel International earns nearly ₹18,200 Crores annually, offering fertilizers, crop protection chemicals, and specialty nutrients, playing a key role in supporting Indian agriculture and rural economic growth.
  
• Abrasives & Ceramics: Carborundum Universal (CUMI) contributes ₹6,000 Crores yearly, manufacturing abrasives, ceramics, and electro minerals, serving diverse sectors like construction, infrastructure, and manufacturing with high-quality industrial solutions.

Challenges Faced by Murugappa Group Across Its Businesses

Murugappa Group faces multiple challenges across sectors due to market volatility, regulatory changes, raw material price fluctuations, and global competition. These challenges test the group’s resilience and impact operations, profitability, and long-term growth strategies.

• Financial Services: Cholamandalam faces rising NPAs, regulatory tightening, and interest rate fluctuations impacting loan growth, asset quality, and profitability in India’s highly competitive non-banking financial sector.
  
• Engineering & Manufacturing: Tube Investments grapples with raw material cost volatility, intense competition, and demand fluctuations in automotive and industrial sectors, affecting margins and requiring constant innovation and operational efficiency.
  
• Agriculture & Fertilizers: Coromandel International faces challenges from fluctuating global commodity prices, government policy changes, subsidy delays, and unpredictable monsoon patterns impacting fertilizer demand and agricultural product sales.
  
• Abrasives & Ceramics: Carborundum Universal faces stiff competition from cheaper imports, rising input costs, and technological disruptions, requiring continuous R&D investments to maintain quality standards and market competitiveness.

How Does Murugappa Group’s Future Look in Terms of Growth and Strategy?

Murugappa Group’s future growth strategy focuses on strengthening core businesses, expanding into new markets, and embracing technology-driven innovations. The group aims for sustainable growth across financial services, manufacturing, agriculture, and abrasives while maintaining leadership in each sector.

• Financial Services Expansion: Cholamandalam plans to grow its retail loan book, focusing on vehicle finance, housing loans, and insurance, while leveraging digital platforms to improve customer reach and operational efficiency.
  
• Engineering & Manufacturing Growth: Tube Investments targets expansion into EV components, metal-formed products, and international markets, focusing on automotive sector demand and infrastructure growth opportunities in India and abroad.
  
• Agriculture & Fertilizers Diversification: Coromandel International aims to expand specialty nutrients, agrochemicals, and digital farming solutions, strengthening its leadership in agriculture while supporting farmers with innovative and sustainable products.
  
• Abrasives & Ceramics Innovation: Carborundum Universal focuses on upgrading product lines, enhancing global market share, and developing advanced ceramics for industrial and defense applications to capture emerging growth opportunities.

How To Invest In Murugappa Group Stock?

With Alice Blue, investing in Murugappa Group stocks is simple and hassle-free, with zero brokerage on equity delivery trades. Follow these steps to get started:

• Open a Demat & Trading Account – Sign up on Alice Blue, complete KYC, and activate your account to begin trading.
• Add Funds – Deposit money into your trading account using UPI, Net Banking, or NEFT/RTGS for a seamless investment experience.
• Search & Buy Murugappa Group Stocks – Absolutely Free – Find Coromandel International, Cholamandalam Investment, or Tube Investments in the stock list, choose Market Order (instant buy) or Limit Order (buy at your set price), and confirm your purchase.
• Track & Manage Investments – Monitor your Murugappa Group stock holdings, set price alerts, and stay informed with real-time market insights.

Murugappa Group Overview and Revenue Split – Quick Summary

• Murugappa Group was founded in 1900 by Dewan Bahadur A.M. Murugappa Chettiar. It has since grown into a diversified conglomerate with operations in financial services, engineering, agriculture, abrasives, and manufacturing across India.

• Murugappa Group reports annual revenue of ₹63,000 Crores and profits of ₹4,800 Crores. With a 1.6% dividend yield, it maintains steady shareholder returns, driven by Cholamandalam, Tube Investments, Coromandel, and Carborundum Universal.

• Murugappa Group began with money-lending and banking in Burma in 1900, supporting trade and agriculture during British rule. The group is currently led by Executive Chairman M.M. Murugappan, ensuring continued strategic leadership.

• Murugappa Group diversified into engineering in 1949, abrasives in 1954, agriculture in 1961, and financial services in 1978, creating flagship companies like Tube Investments, CUMI, Coromandel International, and Cholamandalam Investment.

• Murugappa Group earns ₹18,200 Crores from agriculture, ₹15,500 Crores from financial services, ₹14,800 Crores from engineering, and ₹6,000 Crores from abrasives, with Coromandel and Cholamandalam as major contributors.

• Murugappa Group plans to grow its financial, engineering, and agri-businesses through digitalization, investment in EV components, and expansion into global ceramics and specialty agro-chemicals markets for sustainable growth.

• Open a free demat account with Alice Blue in 15 minutes today! Invest in Stocks, Mutual Funds, Bonds & IPOs for Free. Also, trade at just ₹ 20/order brokerage on every order.

Murugappa Group And Its Revenue Across Business Segments – FAQs

We hope you’re clear on the topic, but there’s more to explore in stocks, commodities, mutual funds, and related areas. Here are important topics to learn about.

How Much Revenue Does Wadia Group Make from Each of Its Businesses?	How To Analyze Quarterly Results Of The Companies?	K. M. Mammen Mappillai’s Success Story – From Toy Balloons to Tyre Empire	TVS Motors: 3 Huge Foreign Companies Owned by TVS That You Never Knew	How Pro Traders Control Emotions While Trading Futures & Options
How Much Revenue Does Dalmia Group Make from Each of Its Businesses?	How To Prepare For A Stock Market Correction? – Strategies To Protect And Analyse Your Portfolio	Rakesh Jhunjhunwala’s Success Story – From Humble Beginnings to India’s Warren Buffett	Bajaj Group: Major Foreign Companies Owned That You Might Not Know	Who Is A Fund Manager?
Ravi Jaipuria’s Success Story – From Bottling Beginnings to Beverage Empire	What Are Global Trade Policies? – How Do They Shape Stock Market Dynamics?	Vijay Mallya’s Story – Business Ventures and Legal Challenges	What Foreign Companies Are Owned by Reliance Industries? A Closer Look at Its Global Assets	Difference Between Futures And Options – Which One Suits Your Strategy?
T. V. Sundram Iyengar’s Success Story – From Rural Transport to Industrial Conglomerate	How Venu Srinivasan Built a Legacy with TVS Motor Company	Seth Shiv Narayan Birla’s Success Story – Founding the Birla Business Legacy	Tata Group International Brands List: Companies It Owns Worldwide	How To Combine Fundamental Analysis With Technicals In F&O Trading?
Ardeshir and Pirojsha Godrej Success Story – Pioneers of Indian Industry	How Sameer Gehlaut Built Indiabulls into a Diversified Financial Service	Jamnalal Bajaj’s Legacy – From Visionary Entrepreneur to Industrial Pioneer	What Foreign Companies Are Owned by ONGC Group? A Closer Look at Its Global Assets	Butterfly Spread Vs Condor Spread – Which Is Better?
Ritesh Agarwal’s Success Story – From College Dropout to Hospitality Innovator	How Manoj Bhargava Built a Billion-Dollar Empire with Innovation	Lakshmi Mittal’s Success Story –The Visionary Who Shaped the Steel Industry	How Karsanbhai Patel Built a Global Empire with Nirma	How to Use Rollovers in Futures Trading?
Anand Mahindra’s Success Story – From Family Legacy to Global Business Leader	How Baba Kalyani Took Bharat Forge to the World Stage	Om Prakash Jindal’s Success Story – From Humble Beginnings to Jindal Group Empire	How Hasmukhbhai Parekh Became a Visionary Leader in the Finance Industry	How Margin Requirements Differ In Index Vs Stock Futures
How Did Aadit Palicha and Kaivalya Vohra Revolutionize the Delivery Industry?	How to Identify Undervalued Stocks Using Fundamental Metrics	Azim Premji’s Success Story – From Family Business to Global IT Leader	How Qimat Rai Gupta Built Havells into a Market Leader	How Vega Impacts Your Option Trades In The Indian Market?
Narayana Murthy’s Success Story – From Humble Beginnings to IT Industry Pioneer	What Is Market Depth? – Understanding Bid-Ask Spread & Liquidity	Irfan Razack’s Success Story – From Family Business to Prestige Group Empire	How Chaudhary Raghvendra Singh Built DLF Ltd into a Business Empire	What is Secondary Market?
Shiv Nadar’s Success Story – From Visionary Entrepreneur to Philanthropic Leader	How Much Revenue Does Titagarh Wagons Make from Each of Its Businesses?	M.R. Jaishankar’s Success Story – From Coffee Plantations to Real Estate Mogul	How K. Nageswara Rao Pantulu Built Amrutanjan and Transformed Indian Healthcare	What is Online Trading?
What Made Uday Kotak One of India’s Most Influential Business Leaders?	How Much Revenue Does Torrent Group Make from Each of Its Businesses?	What Is Short Selling In A Derivative Market? Risks And Rewards Explained	How Falguni Nayar Built Nykaa into a Beauty Empire	Pledged Shares Meaning
Kiran Mazumdar-Shaw’s Success Story – From Brewer to Biotech Pioneer	How Much Revenue Does Ramco Group Make from Each of Its Businesses?	What Are Gaps In Stock Market? – Gap Trading Strategies Explained	How Ghazal Alagh Built Mamaearth into a Leading D2C Brand	Difference between Fundamental Analysis and Technical Analysis
Sajjan Jindal’s Success Story – From Visionary Entrepreneur to Industrial Magnate	How Much Revenue Does Essar Make from Each of Its Businesses?	What Is Market Breadth? – Types Of Market Breadth Indicators	How Upasana Taku Built MobiKwik into a Leading Fintech Brand	What are CTT & STT Charges?
How Did Vijay Shekhar Sharma Build Paytm from Scratch to a Fintech Giant?	How Much Revenue Does JSW Group Make from Each of Its Businesses?	How Rahul Bajaj Built a Business Empire with Bajaj Group?	How Achal Bakeri Built Symphony into a Global Cooling Giant	How to Open a Commodity Trading Account?
How Did Bhavish Aggarwal Revolutionize Indian Mobility with Ola?	Which Aditya Birla Business Makes the Most Money? Here’s the Revenue Breakdown!	How Did Vikram Kirloskar Shape the Future of Toyota Kirloskar in India?	How Premchand Roychand Shaped India’s Financial Market	what is adx in stock market
How Did Deepinder Goyal Transform Zomato into a Food Delivery Giant?	Which Shapoorji Pallonji Business Makes the Most Money? – Full Breakdown!	How Adar Poonawalla Became a Leading Figure in the Vaccine Industry	How Ravi Pandit and Kishor Patil Built KPIT Technologies	Iron Condor
How Did Sridhar Vembu Build Zoho into a Global SaaS Powerhouse?	Which Hiranandani Business Generates the Most Revenue? Find Out Here!	How Salil Parekh Revolutionized Infosys’ Global Growth	How Ajay Bijli Revolutionized the Indian Cinema Experience with PVR	What Is A Call Option?
How a Stock Market Guru Transformed Indian Retail – The DMart Story	How Much Revenue Does Apollo Group Make from Each of Its Businesses?	How Sanjiv Mehta Built a Global Legacy with Hindustan Unilever	Why Every Investor Should Consider Commodities In Their Portfolio?	Gold Mini
How Harsh Mariwala Built Marico into a Household Name?	Where Does Piramal Group Make Its Money? – A Business-Wise Revenue Analysis!	How Naveen Jindal Built Jindal Steel and Power into a Global Powerhouse	Commodity ETFs Vs. Physical Commodities: Which One Is Better?	What is IPO Full Form
How Venugopal Dhoot Built Videocon into an Electronics Powerhouse	Mukesh Ambani Success Story – From Humble Beginnings to Business Empire	How Rakesh Jhunjhunwala Became One of India’s Most Successful Investors	Understanding The Energy Market: Crude Oil, Natural Gas & Coal	AMFI mutual fund
Difference Between NRI Demat Account and Normal Demat Account	Gautam Adani Success Story – From a Small Trading Business to a Global Infrastructure Giant	How Nandan Nilekani Transformed India’s Digital Landscape	Theta Decay – How Time Works Against Option Buyers	Shares Below 5
IPO Investing 101 – How To Spot The Winners And Avoid The Losers	Ratan Tata Success Story – From Steering Tata Group to Pioneering India’s Industrial Growth	How Did Ravi Pillai Build RP Group from the Ground Up?	Sector Rotation Strategies – Aligning Investments With Economic Cycles	CNC vs MIS
How to Analyze Financial Statements of Companies?	Chandrababu Naidu Success Story – Transforming a Modest Dairy Venture to a Leading Dairy Enterprise	How Ajay Piramal Built the Piramal Group into a Diversified Conglomerate	How To Use Sector Analysis In Stock Market To Pick Winning Stocks?	BTST Trading
Macro Analysis – A Trader’s Guide To Understanding Market Trends	What is Sensex?	How Rahul Bhatia Built IndiGo into India’s Leading Airline	How To Use Spread Trading To Manage Risk In F&O?	What is a Sub Broker?

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.