Top Tweets for #Murugappa
I'm surprised that the #Tata isn't in the list and so are the #TVS #Murugappa and few others who seem to ethicallyanage their business.
India now has 12 business families with wealth exceeding ₹1 lakh crore each, according to a joint report by 360 ONE and CRISIL Intelligence.
The families are:
Adani (Adani Enterprises)
Ambani (Reliance)
Mittal (Bharti)
Dilip Shanghvi (Sun Pharma)
Mistry (Shapoorji Pallonji)
Shiv Nadar (HCL)
Jindal (JSW),
Damani (DMart)
Birla (Aditya Birla Group)
Agarwal (Vedanta)
Premji (Wipro)
Mehta (Torrent)
A decade ago, this club barely existed.
#Murugappa Group enters the drone sector
Via its flagship Coromandel International
Bought Dhaksha Unmanned Systems
A Chennai-based drone maker, it name was given by (Dr. A.P.J. Abdul Kalam)
It builds UAS/drones for agriculture spraying, defence, surveillance & enterprise use.
One of the few Indian cos with DGCA type-certification across 3 drone models.
Stake accumulated over time
Dec 2022: Coromandel's Picks Up 18.34% stake
Jun 2023: Buys another 32.68% Stake
In May 2024: Adds another 7% Stake
Acquired A 58% controlling stake by investing over ₹230 Crore.
Building a bet on the high-growth drone setor.
@sab_maya_hai__ Case in point -
#murugappa , #muthoot , #tvs , #amalgamtion, #apollohosp groups - all 3-4 generations in biz
& Mkt value much higher than previous gen
There hv been some bad apples as well who couldn't manage it e.g. #induacements
#Murugappa Group of Companies
Here's why shares of this #Murugappa Group company surged over 5% on Wednesday
https://t.co/BMiiRuLQaV
#Cholamandalam Finance part of #Murugappa Group, has awarded a major construction contract worth ₹540 Cr to #Kalpataru Projects for its upcoming Corporate office in #Chennai
- Co HQ to come up in prime location along #Velachery Main Road in #Guindy
- Proposed HQ office will be 4B+G+12 floors with 1.71 Million Sq.ft Office space
https://t.co/OXZSBdtHwT
#Murugappa group stock gets multiple analyst upgrades for up to 25% upside potential; Details here
@sudarshankr @ShlokaBadkar
https://t.co/pYranIb8yc
#Carborundum Universal Ltd part of #Murugappa Group commenced commercial production of cutting and grinding wheels at its manufacturing facility in #Hosur, #TamilNadu
- Facility has been set up using production lines and technology acquired from #DRONCO GmbH, #Germany
- It has existing plants at Roorkee, #Uttarakhand, and Maraimalai Nagar in #Chennai
https://t.co/1VNghfiaxs
#MCExclusive | 🚨 Vellayan Subbiah to exit Cholamandalam Investment Finance as part of Murugappa family settlement
Break by @Deborshi 👇
https://t.co/jedJkKX4yW
#VellayanSubbiah #Cholamandalam #Murugappa
#Murugappa Group
https://t.co/Xcl02gj48g
Koi doodh ka dhula nahi - is what comes to my mind while read this - again just an allegation - until proven - but a must read when it comes to declining corp governance standards
What's the thing!! in simple language
Key Corporate Governance Issues Alleged
Undisclosed Related-Party Transactions (RPTs): Reports suggest transactions worth over ₹10,000 crore between Cholamandalam Investment & Finance Company (CIFCL) and other Murugappa entities.
Large Cash Deposits: Allegations of ~₹25,000 crore in cash deposits across multiple banks over six years, raising concerns about disclosure and compliance.
Transparency Concerns: Investigative reports highlight gaps in statutory disclosures and compliance practices.
Regulatory Scrutiny: Analysts note that such large RPTs merit closer examination by regulators.
Company Response: CIFCL and Murugappa Group have dismissed the allegations as “malicious and baseless,” asserting full compliance with laws and regulations.
Importance:
Investor Confidence: Governance concerns can erode trust, even if allegations are denied.
Regulatory Oversight: May trigger deeper audits or inquiries into disclosure practices.
Reputation Risk: For a 125-year-old conglomerate, credibility is central to sustaining stakeholder relationships.
Aniruddha Bahal, Founder & Editor-In-Cheif Of Cobrapost brings you the second part of Lootwallahs. This story is sizzling hot. Watch how the financial empire of the 125-year-old #Murugappa Group is put under scrutiny.
Watch The Full Video Below !
#Cholakepichekyahai #Lootwallahs #Cobrapost
Arunachalam Vellayan (72), former Murugappa Group Chairman & key figure, passed away in Chennai. His strategic direction and integrity were pivotal in shaping the Group’s reputation and expansion.
#ArunachalamVellayan #Murugappa #Obituary | @shinejac
https://t.co/WHROzkiJWF
Deeply saddened by the passing of Shri A. Vellayan, former Chairman of #Coromandel & the #Murugappa Group. His visionary leadership and tremendous contribution to Indian industry — both in India and abroad — leave a lasting legacy. An irreplaceable loss. My heartfelt condolences to his family and colleagues. @EconomicTimes @the_hindu @livemint @FinancialXpress
#NACL's current EBITDA margins are targeted to rise to 9-11% short-term and eventually match #Coromandel's 17-18% through pipeline products and contract manufacturing.
1+1 should become 3 as per mgmt here.
Lots of synergies.
#Murugappa
I've seen some of the world's top investment banks and institutions overlook this fundamental truth about our era when dishing out buy reports. The sole megatrend is increasing uncertainty. I had a great time writing this one!
TCE #Murugappa in Santaap!
https://t.co/9m38cYtX3M
@aditya_kondawar The #Murugappa group's unique governance practice of having family members evaluated by an advisory board before joining the business ensured merit-based #leadership and maintained professionalism in its #operations.
Montra Electric (Part of Murugappa Group) MD says,
Rare Earth- free EV Motor is 3 years away
Interesting....curious to know how will they make this happen at the time when Auto industry is facing magnet crises
#RareEarth #Automobile #Murugappa
#JustIn | CG Power bags transformer order worth ₹641 crore from Power Grid Corporation
All Murugappa stocks soared 200%+ in 5 years; CG Power leads with a massive 11,345%
#Murugappa #StockReturns #MarketGains
https://t.co/yfcEd6gyxq
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