Embed Size (px)
Citation preview
Creating Classics
I n d e xA Classic is BornLegends and Legacies: Murugappa Group � Early history to present day
Creating WealthGroup financials at a glance
Strengths & Strategies
The Complete Guide to Corporate GovernanceValues, Beliefs and Governing PoliciesGroup Structure
New FrontiersWorldwide presence and collaborations
Portfolio of Businesses
Jewels in our Crown
Coromandel International Ltd.E.I.D Parry (India) Ltd.Tube Investments of India Ltd.Carborundum Universal Ltd.Wendt India Ltd.Coromandel Engineering Ltd.Cholamandalam Investment and Finance Company Ltd.Cholamandalam MS General Insurance Company Ltd.Diversified Business Group
People PowerLearning Programmes and HR Initiatives
The Art of GivingGoing beyond CSR
1
6
8
10
14
16
1819
20
2422
2627
2829
30
32
34
Murugappa Group � Early history to present day
The Complete Guide to Corporate GovernanceValues, Beliefs and Governing Policies
Worldwide presence and collaborations
Cholamandalam Investment and Finance Company Ltd.Cholamandalam MS General Insurance Company Ltd.
Learning Programmes and HR Initiatives
8
10
16
1819
2422
2728
2930
A Classic is born
When Dewan Bahadur AM Murugappa Chettiar emerged from the travails of war in Burma and established a business in India – he established a Classic.
A Classic that has endured from the early 1900’s to flourish in the new millennium.
A Classic that is a powerful tale of a dynasty balancing success with high moral standards.
A Classic adventure that transcends borders and explores new fields.
A Classic that embraces and empowers people within its pages.
And a Classic with heart – celebrating the art of giving.
The Classic he established is the Murugappa Group.
Dewan Bahadur AM Murugappa Chettiar1884-1949
1
Legends &
Legacies
2
The story of the Murugappa Group in India is a legacy of
entrepreneurship that started in 1934 and lives to this day.
When Founder Dewan Bahadur AM Murugappa Chettiar
came back from Burma he laid the foundation of a family
business that is one of the longest and most enduring in
India’s corporate history.
Four generations of unbroken family have guided the
Murugappa Group through India’s chequered business
history � laying the cornerstones of growth built on
tradition, togetherness, ethical values, innovation and
discipline.
Each generation strengthened existing businesses and
developed new ones, managing the evolution of businesses
and governance structures simultaneously. As a result, the
Group's business portfolio is diverse and dynamic.
With business instincts honed over decades, the family
knew how to anticipate change and showed a willingness
to adapt. The Murugappa Group became one of the first
Indian corporates to begin the process of transformation
from being a family owned business to a professionally
managed organisation.
3
4
Today the Murugappa Group is aUSD 3.80 billion* conglomerate.
* INR 17,051 Crores
5
The Group is in diverse areas of business including Engineering, Abrasives, Cycles, Sugar, Farm Inputs, Fertilisers, Finance, General Insurance, Plantations, Bio Products and Nutraceuticals.
The Group’s 29 businesses have over 55 manufacturing facilities spread across 13 states in India with a workforce of 32,000 employees.
The Group has a global footprint with presence in Australia, Brazil, Canada, China, France, Russia, South Africa, Thailand, Tunisia, UAE, UK and USA.
The Group has forged strong Joint Venture alliances with leading international companies like Mitsui Sumitomo, Foskor, Cargill, Groupe Chimique Tunisien and Morgan Crucible.
Some of the country’s best known brands are from the house of Murugappa � BSA and Hercules in cycles, Ballmaster, Ajax and Hicut in abrasives, Gromor, Godavari Gold and Paramfos in organic fertilisers, Neemazal in bio pesticides, Parry’s Pure in sugar and Parry’s Spirulina in nutraceuticals.
Murugappa is the first Group in India to win the IMD Distinguished Family Business Award in the year 2001 from IMD Switzerland.
“The fundamental principle of economic activity is that no man you transact with will lose; then you shall not.” – Arthashastra
This simple yet powerful dictum shapes the overall philosophy of the
Group and is specially relevant to its financial dealings.
Efficient deployment and management of capital without losing sight of
growth opportunities has been the Group’s approach to finance. Over
the decades, the Group’s growth has largely been funded by internal
accruals and permissible levels of debt. The Group’s track record of
financial prudence and low gearing have helped the constituent
companies earn a consistent credit rating and better terms on funds.
The Group companies have a history of regular dividend payouts with
an established policy of distributing 25�30% of PAT to shareholders.
Sure and Steady Strategies
Creating
The Group has currently set a goal of achieving a total turnover of USD 7.2 billion by FY 2013�14.
500
0
1000
1500
2000
2500
3000
3500
4000
2007 2008 2009 2010 2011
USD MnGroup Operating Performance for Five Years
CAGR OF 20%
Wealth
7
Revenue Mix for FY 2010�11
Conversion Rate: 1 USD = INR 45Note: PBT for 2009 includes Extraordinary Income (EOI) of 217.78 USD Mn
0
50
100
150
200
250
300
350
400
450
2007 2008 2009 2010 2011
USD MnProfit Before Tax
CAGR OF 19%
Coromandel44.5%
TII19.4%
Others2.5%
CUMI 9.8%
CholamandalamInvestment and Finance
Company Ltd.7.2%
Chola MS5.7%
CEC0.7%
E.I.D10.3%
Strengths & Strategies
Strengths & Strategies
8
Strengths & &
Strengths &
Strengths
Strategies
Strengths Strengths Strengths Strengths Strengths Strengths Strengths Strengths Strengths &
Strengths Strengths Strengths &
Strengths &
Strengths & & & & & & &
Strengths &
Strengths &
Strengths &
Strengths & & & &
Strengths Strengths Strengths &
Strengths Strengths Strengths Strengths &
Strengths Strengths &
Strengths Strengths Strengths &
Strengths &
Strengths &
Strengths Strengths Strengths &
Strengths &
Strengths & & &
Strengths &
StrategiesStrategiesStrategiesStrategiesStrategiesStrategiesStrategiesStrategies
Consistent track record of growth and profitability
Integrated business model with focus on innovation and development of quality products
De�risking business through geographical diversification
Prominent presence in diverse sectors
Robust expansion plans with focus on organic and inorganic growth
Proven track record in turning around businesses
Professionally managed Group with visionary promoters
Key strengths and strategies that have made the Murugappa Group a three billion dollar conglomerate
9
The Complete
Guide to
Corporate
Governance
Many of Murugappa’s leaders
were thought leaders of
corporate India who took
as much pride in establishing
new standards for Corporate
Governance as in establishing
new businesses.
They defined the guiding lights
– the Values and Beliefs that
illuminate the way to
Murugappa’s growth.
10
The Spirit of the Murugappa Group
The Murugappa Group is committed to high standards
of Corporate Governance and believes that the
fundamental objective of Corporate Governance is
enhancement of shareholder value while keeping in
view the interests of other stakeholders. This belief
encourages the Group Companies to create value
through entrepreneurism and promotes ethical business
practices, transparency and accountability.
The imperatives of the Group's Corporate Governance
practices include:
• Board Effectiveness
• Maximising Stakeholders’ interests
• Integrity and ethical behaviour
• Internal control and compliance
• Disclosure and transparency
Board Effectiveness
The Board of Directors, both at the Group and the
individual Company level, comprises of persons of
eminence with excellent professional achievement in
their respective fields. The Board provides leadership,
strategic guidance and objective judgement. The
Independent Directors provide external perspective and
objectivity on matters placed before them.
Maximising Stakeholders’ Interest
The Murugappa Group is committed to enhance the
long term value of the shareholders, while recognising
and meeting the aspirations of other stakeholders. The
Group strives to deliver quality products and services at
a competitive price to its customers. The Group provides
its employees, operating freedom and opportunities to
learn, innovate and grow in the organisation. This has
enabled the Group to be a ‘preferred employer’ over the
years. The Group is conscious of its role as a good
corporate citizen and the same is demonstrated through
the various CSR activities driven by the Group, primarily
in the fields of healthcare and education.
Integrity and Ethical Business Practices
The Murugappa Group is known for its commitment to
ethical and lawful business conduct. Ethical business
practice is a shared value at all levels across the
organisation. The importance of integrity and ethical
practices is well articulated and imbibed in the system
through continuous communication and demonstration
of commitment. The Group has a well established
‘Code of Conduct’ and ‘Whistle Blower Policy’ among
other mechanisms to ensure adherence to ethical
standards.
Internal Control and Compliance
The Group has established a robust business planning
and review mechanism and has appropriate Internal
Control Systems, which are regularly reviewed for
improvement. Internal Control Systems practised in the
Group provide against wastage, fraud and inefficiencies
in the operations and ensures accuracy and reliability in
accounting and operating data. The Group attaches
highest importance to the Compliance to the statutes
and has appropriate systems in place to secure
compliance with laws, regulations and the policies of
the organisation.
Disclosure and transparency
The Group believes in disseminating adequate information,
both financial and non�financial, to the investing
community in a timely manner. The Group’s commitment
to transparency is also reflected in their information�rich
annual reports, investor meets, periodic press releases
and updates on its websites.
12
Governance Standards of the Group
13
Group Structure
**Companies listed on NSE / BSE
Wholly owned subsidiary
As on 31st March 2011
Tube Investmentsof India Limited**
Promoter’s Stake � 48.26%
Cholamandalam Investment & Finance Co. Ltd.
MG � 69.07%, IFC � 9.92% Others � 21.01%
Cholamandalam MS General Insurance Co. Ltd.
TII � 74% MS � 26%
Cholamandalam MS Risk Services Ltd.
TII � 49.50%Other MG promoters � 0.50%
MS � 50%
Financiere C10
TII � 77.13%
Cholamandalam Securities Ltd.
WOS
WOS
Subsidiary � 99.44%
Cholamandalam Distribution Services Ltd.
WOS
Sedis SAS, France
S2CI, France and
Sedis Co Ltd., UK
Cholamandalam Factoring Ltd.
Coromandel International Ltd.**
E.I.D � 62.36%
Silk Road Sugar Pvt. Ltd.
E.I.D � 50%
Cargill � 49%
Sadashiva Sugars
E.I.D � 76%
US Nutraceuticals LLC
E.I.D � 51%
Parrys Sugar
E.I.D � 65%
E.I.D Parry(India) Limited**
Promoter’s Stake � 45.82%
Carborundum Universal Limited**Promoter’s Stake � 42.20%
Wendt India Ltd.**
CUMI � 39.87%Wendt � 39.87%
CUMI Abrasives & Ceramics Co. Ltd. (China)
WOS
Laserwords Pvt. Ltd.
Associate � 44.5%
Sterling Abrasives Ltd.
Subsidiary � 60%
OthersCUMI USACUMI Austral iaCUMI Middle EastCUMI Canada
Murugappa MorganThermal Ceramics Ltd.
CUMI � 49%
CUMI International Ltd., Cyprus
WOS Volzhsky Abrasive
Works (Russia)
Subsidiary � 97.44%
Foskor Zirconia Pty. Ltd.,South Africa
Subsidiary � 51%
Murugappa Group
14
The Murugappa Group has sought out excellence
and partnered with world leaders in various fields.
The Group has forged significant Joint Ventures
alliances with leading international companies like
Mitsui Sumitomo of Japan, Foskor (Pty) Ltd. of
South Africa, Cargill International SA of Geneva,
Groupe Chimique Tunisien of Tunisia and Morgan
Crucible of UK.
NEW
FRONTIERS
15
MANUFACTURING BASE
MARKETING & DISTRIBUTION BASE
France - Chains | Russia - Abrasives | China - AbrasivesSouth Africa - Zirconia, Phosphoric Acid | Tunisia - Phosphoric acid
Australia, Canada, Middle East, S.Africa, Thailand, UK, USA
16
Portfolio of Businesses
1717
Jewels in our Crown
18
Several of Murugappa Group’s companies are outstanding success stories.
Aerial view of the Coromandel plant at Kakinada, Andhra Pradesh
One of the largest companies within the Murugappa Group, Coromandel International is in the business segments of Fertilisers, Specialty Nutrients, Crop Protection Products and Retail.
Coromandel manufactures and markets around 2.9 million tonnes of phosphatic fertilisers, making it the second largest player in India.
The Crop Protection business produces insecticides, fungicides and herbicides marketed in India and overseas.
Coromandel has a network of over 14 marketing offices and 7000 dealers. Its brands include Gromor, Paramfos, Parry Sulphur and Godavari Gold. The Company has strategic partnerships with leading companies across the globe, including Foskor (Pty) Ltd. of South Africa and Groupe Chimique Tunisien of Tunisia.
Coromandel was the first private sector company to introduce free micro nutrient soil and leaf sample analysis to farmers through a state�of�the�art soil
testing laboratory. ‘Mana Gromor’, a unique rural retail initiative of Coromandel, provides the entire agri input range of products and services to farmers. There are over 400 of these centres in Andhra Pradesh.
Besides numerous Business Awards, Coromandel was also voted one of the Top 10 Greenest Companies in India by Tata Energy Research Institute (TERI). The Company’s rural community initiatives include scholarships to girl children, vocational training for women and healthcare services through medical camps and dialysis units.
www.coromandel.biz
Sales 1421 1673 18%
PBT 157 219 39%
Coromandel International 2009�2010 2010�2011 Growth
Financials
USD Mn
Coromandel International Ltd.
19
Conversion Rate: 1 USD = INR 45
‘Mana Gromor’ retail outlet
20
E.I.D Parry (India) Limited
2121
Sales 257 378 47%
PBT 51 �12 �ve
E.I.D Parry 2009�2010 2010�2011 Growth
Financials
USD Mn
Conversion Rate: 1 USD = INR 45
E.I.D Parry, one of the top five sugar producers in the
country, has several pioneering credits � from
integrated sugar complexes that maximise the utility of
sugarcane, to converting bagasse into electricity and
introducing IT enabled services for farmers, such as
Remote Sensing, Global Positioning System,
village�wise Soil Nutrient Analysis, etc.
E.I.D Parry is also the first private sector company to
start inhouse R&D using tissue culture to develop new
and improved cane varieties. The Company has also
been aggressively promoting eco�friendly Pest
Management Systems.
E.I.D Parry has established ‘Namadhu Parry Maiyam’,
a concept where an entrepreneurial farmer is trained to
become a Namadhu Parry Maiyam operator with access
to professional inputs and high end farm equipment,
which he in turn can hire out to smaller farmers.
Through this network and its other initiatives, the
Company has touched the lives of more than one lakh
sugarcane farmers.
Parry Nutraceuticals, has been a world leader for
over three decades in Micro Algal Technology. It is a
leading supplier of health supplements like Spirulina
and Astaxanthin and exports to over 38 countries.
The Bio Products Division of E.I.D Parry (India) Ltd.,
has set up the world's largest Azadirachtin (Neemazal)
manufacturing plant to produce bio pesticides.
Neemazal has been tested on more than 250 species of
insects afflicting 100 crops in 32 countries. The
product, approved in more than 20 countries has been
accredited by IMO, Switzerland for organic agriculture.
www.eidparry.com
22
Tube Investments of India Limited (TII) is the flagship
company of the Murugappa Group. The Company has
15 manufacturing units across the country, ably
supported by an extensive marketing network. TII’s main
business divisions � Cycles and Components,
Engineering and Metal Formed Products, manufacture
and market a wide range of products for the automotive
industry.
The Cycles and Components Division offers consumers
a range of bicycles, eScooters, fitness equipment and
infant mobility solutions. TI Cycles produces 4 million
bicycles a year making it the second largest producer of
bicycles in India, with a market share of 34%. BSA Motors,
set up as a separate division manufactures and markets
electric scooters.
Tube Products of India, operating in the Precision
Tubes space is a preferred supplier to leading
automotive companies in India and abroad. It is the
market leader in Precision Tubes with 48% market
share in India.
The Metal Formed Products Division manufactures
precision value added sheet metal components, industrial
chains and automotive chains. The Division is a market
leader in metal formed door frames with 58% market
share and supplies metal formed products to the railways
and leading auto companies. In the metal formed
transmission chain segment the Division has 44%
market share.
Recently, TII acquired a controlling stake in Sedis Group,
France, to tap the potential in Industrial and Engineering
Class chains.
www.tiindia.com
Sales 521 699 34%
PBT 29 54 86%
TII 2009�2010 2010�2011* Growth
Financials
USD Mn
* (TII results include SEDIS and Wuxy China)
Conversion Rate: 1 USD = INR 45
Tube Investments of India Limited (TII) is the flagship
company of the Murugappa Group. The Company has
15 manufacturing units across the country, ably
supported by an extensive marketing network. TII’s main
business divisions � Cycles and Components,
Engineering and Metal Formed Products, manufacture
and market a wide range of products for the automotive
industry.
The Cycles and Components Division offers consumers
a range of bicycles, eScooters, fitness equipment and
infant mobility solutions. TI Cycles produces 4 million
bicycles a year making it the second largest producer of
bicycles in India, with a market share of 34%. BSA Motors,
set up as a separate division manufactures and markets
electric scooters.
Tube Products of India, operating in the Precision
Tubes space is a preferred supplier to leading
automotive companies in India and abroad. It is the
market leader in Precision Tubes with 48% market
share in India.
The Metal Formed Products Division manufactures
precision value added sheet metal components, industrial
chains and automotive chains. The Division is a market
leader in metal formed door frames with 58% market
share and supplies metal formed products to the railways
and leading auto companies. In the metal formed
transmission chain segment the Division has 44%
market share.
Recently, TII acquired a controlling stake in Sedis Group,
France, to tap the potential in Industrial and Engineering
Class chains.
www.tiindia.com
Sales 521 699 34%
PBT 29 54 86%
TII 2009�2010 2010�2011* Growth2009�2010 2010�2011* Growth2009�2010 2010�2011* Growth
Financials
USD Mn
* (TII results include SEDIS and Wuxy China)
Conversion Rate: 1 USD = INR 45
Tube Investments of India Limited
23
‘BSA GO’ stores retail bicycles, eScooters and fitness equipment
CUMI’s Global Presence
CUMI factory at Sriperumbadur
CUMI’s Global Presence
USA
RUSSIA
CANADA MIDDDLE EAST INDIA AUSTRALIA WENDT THAILAND CHINA
Carborundum Universal Limited
25
Carborundum Universal Limited (CUMI) was founded in
1954 as a tripartite collaboration between the
Murugappa Group, Carborundum Inc, USA, and the
Universal Grinding Wheel Co Ltd, UK.
CUMI pioneered the manufacture of coated and bonded
abrasives in India, besides super refractories, electro
minerals, industrial ceramics and ceramic fibres. In
sync with the global vision, CUMI is expanding its
product spread. The Company makes over 20,000
varieties of products manufactured at 25 locations
across India, Russia, South Africa, Australia, China,
Thailand and Canada. CUMI exports its products to 43
countries spread across the globe. All the
manufacturing facilities of CUMI are ISO 9001:2008
and ISO 14001: 2004 certified for quality standards
and environment�friendly manufacturing practices.
CUMI is one of the few manufacturers of abrasives and
ceramics in the world with fully integrated operations
that include mining, fusion, power generation and
manufacturing, besides marketing and distribution.
CUMI is equipped with a state�of�the�art Research and
Development centre that works aggressively on product
development and efficiency enhancement. Its in�house
R&D and collaborative research with leading research
institutions have ensured market leadership in India and
abroad. CUMI has manufacturing practices like Lean
and Six Sigma in place to improve its cost
competitiveness.
The Company has a commanding list of subsidiaries
across the globe that include Volzhsky Abrasive
Works�Russia, CUMI Australia Pty Ltd, Foskor Zirconia
Pty Ltd�South Africa, CUMI Middle East�RAK, CUMI
Canada Inc, CUMI America Inc, Sterling Abrasives
Limited�Ahmedabad, Net Access India Limited,
Southern Energy Development Corporation Limited
(SEDCO), CUMI Abrasives and Ceramics China Limited
(CACCL). CUMI's joint ventures include Wendt (India) �
manufacturers of super abrasives and special purpose
machines, Murugappa Morgan Thermal Ceramics �
manufacturers of ceramic fibre, Ciria India Limited �
specialising in design and installation of refractory
liners for petrochemical and fertiliser industries and
Laserwords Private Limited, an associate of CUMI
specialising in apex abstracting and editing services.
This unique strength allows the Company to serve
diverse markets and geographies leveraging the local
strength of its partners.
www.cumi.murugappa.com
Sales 285 356 25%
PBT 38 57 50%
CUMI 2009�2010 2010�2011 Growth
Financials USD Mn
Conversion Rate: 1 USD = INR 45
Wendt India Limited
26
State�of�the�art production facility at Hosur, Bengaluru
A joint venture with Wendt GmbH, Wendt India
manufactures a world renowned range of
super�abrasive products made of Diamond (DIA) and
Cubic Boron Nitride (CBN).
From advanced grinders to super abrasive grinding
wheels, dressing tools, honing sticks, PCD/PCBN tools,
precision components and related tools for special
grinding applications, Wendt offers its customers
complete grinding and honing solutions.
The products find application in automobile, auto
components, cutting tools, construction, steel, tile,
ferrite, glass, ceramics, textile, paper, aerospace and
engineering industries.
Wendt India represents Wendt GmbH as a service
provider for their high�end Special Purpose Grinding
Machines for India and South East Asia.
To address the South East Asian and Middle East
markets, Wendt (India) Limited has its 100% owned
subsidiaries Wendt Grinding Technologies Ltd., in
Thailand and Wendt Middle East FZE in UAE.
www.wendtgroup.com
Sales 13.67 20.30 49%
PBT 3.37 5.66 68%
Wendt 2009�2010 2010�2011 Growth
Financials
USD Mn
Conversion Rate: 1 USD = INR 45
Since its inception in 1947, Coromandel Engineering
(CEC) has become synonymous with some of the
landmark structures in the country. The Company is
broadly involved in two areas of construction �
Civil Construction and Real Estate Development.
CEC’s clients include leading industrial houses,
Government organizations, power plants, malls, 5�star
hotels, sugar, fertiliser, automobile plants and more.
CEC has also made a significant mark in the
construction of residential buildings through its
premium brand, CORAL.
CEC uses the latest technologies and has introduced
several novel engineering techniques such as
pre�engineered metal building systems. These
initiatives have contributed to its success in the
construction industry. It has been ISO 9001 and
18001 certified for OHSAS.
www.coromandelengg.com
Coromandel Engineering Limited
27
LIC building, Chennai
Trident Hotel, Chennai
Cholamandalam Investment and Finance Company Limited
2828
Cholamandalam Investment & Finance Company
Limited (CIFCL) was incorporated in 1978 as the
financial services arm of the Murugappa Group.
In 2005, the Company entered into a Joint Venture
partnership with DBS Bank Singapore. Five years later,
the Murugappa Group bought over the entire stake held
by DBS Bank.
With a total asset size of USD 2321 million and a
pan India presence, CIFCL offers a wide range of asset
backed financial products to its customers. These
include Vehicle Finance, Corporate Finance and Home
Equity Loans.
The Wealth Management Division through its
subsidiaries Cholamandalam Securities Limited and
Cholamandalam Distribution Services Limited offers
services in stock broking, distribution of wealth
management and financial products respectively.
www.cholamandalam.com
Income 212 272 28%
PBT(incl EOI) 15.5 27 76%
CIFCL(Consolidated) 2009�2010 2010�2011 Growth
Financials
USD Mn
Conversion Rate: 1 USD = INR 45
Cholamandalam MS General Insurance Company Limited is a Joint Venture between Murugappa Group and Mitsui Sumitomo Insurance Group of Japan, the world’s fifth largest General Insurance Group and Japan’s largest General Insurance Company.
Cholamandalam MS offers a range of products that include accident, engineering, health, liability, marine, motor, property, travel and rural insurance for individuals, SMEs and the corporate sector.
The Company achieved Rs. 968 crores Gross Written Premium (GWP) mark for 2010�11. The Company has a network of 113 branches across the country and is represented by more than 7000 agents.
Total Risk Management Solutions � Advantage Chola MS
Cholamandalam MS offers a unique combination of efficient insurance services and innovative risk management consultancy, thereby offering Total Risk Management solutions. This ensures long term business continuity for corporate customers.
Cholamandalam MS Risk Services won the prestigious ‘Risk Manager of the Year 2007’ at the 11th Asian Insurance Industry Awards.
www.cholainsurance.com
Cholamandalam MS General Insurance Company Limited
29
Cholamandalam MS General Insurance Company Limited is a Joint Venture between Murugappa Group and Mitsui Sumitomo Insurance Group of Japan, the world’s fifth largest General Insurance Group and Japan’s largest General Insurance Company.
Cholamandalam MS offers a range of products that include accident, engineering, health, liability, marine, motor, property, travel and rural insurance for individuals, SMEs and the corporate sector.
The Company achieved Rs. 968 crores Gross Written Premium (GWP) mark for 2010�11. The Company has a network of 113 branches across the country and is represented by more than 7000 agents.
Total Risk Management Solutions � Advantage Chola MS
Cholamandalam MS offers a unique combination of efficient insurance services and innovative risk management consultancy, thereby offering Total Risk Management solutions. This ensures long term business continuity for corporate customers.
Cholamandalam MS Risk Services won the prestigious ‘Risk Manager of the Year 2007’ at the 11th Asian Insurance Industry Awards.
www.cholainsurance.com
Cholamandalam MS General Insurance Company Limited
The DBG was formed in 2009 by bringing together diverse businesses of the Group like Plantation, Construction,
Food, Packaging, Travel and Infrastructure.
The combined turnover of the DBG is expected to be USD 300 million in the next three years from its current
turnover of USD 90 million.
Parry Agro Industries Ltd. and Kadamane Estates Company A pioneer in organic plantations, Parry Agro has 9 tea plantations and 10 factories in South
and North�East India. The Company produces around 17 million kilograms of tea annually.
New Ambadi Estates
One of the highest yielding rubber estates in the country, New Ambadi cultivates rubber in
over 500 hectares using advanced planting techniques. The Company has pioneered the
production of chemically modified rubber.
Diversified Business Group
Kadamane Tea estate on Bengaluru� Mangalore highway
3030
Parry Infrastructure Co. LtdThe Group’s foray into the high growth infrastructure sector in India, Parry Infra, owns a
notified food processing SEZ spread over 250 acres in Kakinada, Andhra Pradesh. The
business is currently evaluating entry into segments like power generation, logistics, high�end
residential buildings, mining, etc.
Parry Enterprises (India) LtdThe businesses of the company comprise � Tuflex India which produces Flexible Packaging, Extended Polymeshes, etc., the General Marketing Division which markets food intermediaries
and packaged drinking water and Parry Travels, an end�to�end travel solutions provider.
31
Flexible Packaging from Tuflex India
Rubber estates at Kulasekharan, Kanyakumari
3232
Class of ELP 2010Training programme in progress
UnlockingPeople Potential
Creating a culture of learning and continuous improvement
is the cornerstone of the Murugappa Group.
The Group’s Management Development Centre (MDC)
was setup in 2003 to meet learning and development
needs of the Senior Management.It conducts specifically
designed Leadership Development Programmes for
them in a structured manner. MDC endeavours to equip
high potential managers with contemporary concepts
and skills, thus creating a pipeline of leaders who are
ready to take on business challenges and opportunities.
Leadership Programmes
MDC spearheads two signature Leadership Programmes
– Business Leadership Programme (BLP) and the
Emerging Leaders’ Programme (ELP). These flagship
programmes are conducted in collaboration with
knowledge partner, Indian Institute of Management,
Bangalore. The participants are meticulously groomed
through intensive training modules, designed by industry
experts in consultation with internal
stakeholders.
Many of the business leaders in the
Group are home grown BLPians and are
driving the Group’s aggressive growth
strategy.
The Murugappa Group partners with
world class universities like Harvard,
Wharton, Insead, Stern School, Indian
Institute of Management and the Indian
School of Business among others, for its
learning programmes. The faculty from
these universities are also invited as
external facilitators for programmes conducted by MDC.
Other HR initiatives that aim to help employees excel in
their functions are Talent Acquisition, People Development,
Career Development and Employee Welfare.
People Power
Business Leadership Programme � Winner
of the International “Exemplary Practice
Award for Leadership Development”
Corporate University Xchange Awards 2009,
Pennsylvania
Career Development and Employee Welfare.
3333
“Money spent on learning and development is invested and never wasted” –
Mr. MM Murugappan, Vice Chairman, Murugappa Group
333333
The Art of Giving
34
Long before the term ‘Corporate Social Responsibility’
was coined, the Murugappa Group was already
contributing to society.
The legacy of philanthropy was established by its
founder Dewan Bahadur AM Murgappa Chettiar who
opened the first AMM Hospital in 1924. He believed, as
did successive generations of the Murugappa family,
that social responsibility went beyond merely fulfilling
corporate obligations.
Therefore, ever since it went into business, the Group
invests a portion of its wealth � one percent of profit
after tax (PAT) for the welfare of society.
AMM Foundation
In 1953, the Group set up the AMM Foundation. The
Foundation works for the welfare of the communities
where Murugappa operates, with special thrust on
education and health sector.
Over the last eight decades, the Foundation has built
and maintains:
Four high schools
A polytechnic institute
Four no�fee hospitals.The hospitals run by the AMM Foundation treated over 8 lakh people as out�patients
and over 13000 as in�patients in the last one year.
Sri AMM Murugappa Chettiar Research Centre (MCRC)
is a Research and Development centre that uses science
and technology applications for rural development.
Apart from the Group’s involvement in social
development, employees are also encouraged to
individually contribute their time and energy for the
betterment of society.
Educational Institutions
AMM Matriculation Higher Secondary School
Sri Ramaswamy Mudaliar Higher Secondary School
Vellayan Chettiar Higher Secondary School
TI Matriculation Higher Secondary School
Murugappa Polytechnic College
Medical FacilitiesAMM Arunachalam Hospital
AMM Hospital
Sir Ivan Stedeford Hospital
Valliammai Achi Hospital
35
AMM Matriculation Higher Secondary School, Chennai
SHG trained by MCRC proudly displays handmade eco�friendly paper products
And so, the story continues…
Chapter follows chapter on
new beginnings,
new learnings, new ventures at home,
new associations in distant lands,
new ways to touch lives…
But the old is not forgotten �
time tested truths and glorious values
run through every new page, anchoring
new developments.
They make the difference between
Murugappa becoming yet another
success story or becoming a Classic.
3636
Safe HarborSome of the statements in this publication that are not historical facts are forward looking statements. These forward looking statements include financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our businesses and the markets in which we operate. These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from these forward looking statements. These risks include, but are not limited to, the level of the market demand for the products, the highly competitive market for the types of the products that we offer, market conditions that would cause customers to reduce their spending for the products, our ability to create, acquire and build new businesses and to grow existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions in India and elsewhere around the world, and otherwise not specifically mentioned herein but those that are common to industry.
Dare House � The Murugappa Group headquarters in Chennai
Dare House,
234, N.S.C. Bose Road ,
Chennai � 600 001, India
Email: [email protected]
www.murugappa.com
Con
cept
and
Des
ign
by S
quar
e C
ircle
![[unit], [stake] Stake EMERGENCY RESPONSE PLANswalton/Documents/Emergency-Plan.pdf · DRAFT Last Revised: 9/17/2006 [unit], [stake] Stake EMERGENCY RESPONSE PLAN Introduction The emergency](https://img.pdfslide.net/doc/110x75/5b6be2dd7f8b9a422e8dfd7a/unit-stake-stake-emergency-response-swaltondocumentsemergency-planpdf.jpg)
