India Billionaires
Founded in 1900, the Murugappa Group has grown into a Chennai-based conglomerate spanning engineering, finance, agribusiness, and chemicals. The group, shaped by the Chettiar family, has been guided by successive generations including M.V. Subbiah and M.M. Murugappan. Its flagship businesses include Coromandel International, Tube Investments of India, and Cholamandalam Investment & Finance. With a reputation for conservative management and strong governance, the group remains family-led yet professionally managed. The Murugappas are known for philanthropy in education, skills training, and healthcare, supporting schools, technical institutes, and rural outreach. Industry bodies recognize their contribution to sustainable development and community building. With a legacy rooted in resilience, the Murugappa Family exemplifies generational stewardship and continuity in Indian business.
Timeline
1900: Murugappa Group founded.
1949: Tube Investments launched.
1970s - 90s: Expands into agri-business and finance.
2000s - 20s: Coromandel International, TI Cycles, and Cholamandalam grow into market leaders.