By FMTeam Murugappa Group actually has many subsidiaries that deal in many different types of products, and that is what makes this one of the biggest business groups in the country. Other than that, if you think that you’re not properly introduced with them, then keep on reading this quick introduction about Murugappa Group Net Worth, Owner, CEO, Head Office, etc.
| Company name | Murugappa Group |
| Establishment year | 1900 |
| Head Office | Chennai, Tamil Nadu |
| Owner/Founder | Founder: Dewan Bahadur A. M. Murugappa Chettiar; owner family: Murugappa family |
| CEO Name | Not publicly stated as a single “Group CEO” |
| Industry | Diversified conglomerate |
| Number of employees | 94,041 employees |
| Net worth | INR 850 billion (total equity as of 2024) |
| Operating Income 2023 | ₹10,424 crore |
Company Profile
Going a bit more into the backstory first, it is true that Dewan Bahadur A. M. Murugappa Chettiar founded the Murugappa Group with money lending and banking activities. And back then, sure, the business was first carried out in Burma (now Myanmar) before the group moved its operations to India. Gradually, the group spread its wings into different areas like engineering, agri-solutions, and financial services. Currently, their main head office is down there in Chennai.
Net Worth
See, it is much harder to track a business group’s net worth, but in the case of Murugappa Group, no doubt, there are good estimates, and as per one, their total net worth is about INR 850 billion.
Future Outlook and Recent Updates
Going forward, no doubt, the Murugappa Group has been reinventing itself in the domain of next-generation manufacturing and technology-led businesses during the last few years. And talking about what they have been up to lately, see, CG Power stepping into semiconductor manufacturing (OSAT) in Sanand, Gujarat, is one of the key developments of the group. Besides this, the group is continuously enhancing its footprint in electric mobility and clean technology sectors.