Why Chola MS Insurance?
The Murugappa Group, headquartered in Chennai, India, is a USD 2.4 billion (Rs 9,582 crore) conglomerate by 2010 with interests in engineering, abrasives, sanitaryware, fertilisers, finance, bio-products and plantations. It has 29 companies under its umbrella, of which eight are listed and actively traded on the National Stock Exchange and the Bombay Stock Exchange. Together, they have over 28,000 employees. With 40 units spread across 12 states in India, the Murugappa Group is one of India's oldest business houses. It has a presence in The UK, The USA, Australia, Canada, South Africa, UAE, Thailand, and China.
The group is a market leader in India across a spectrum of products like sanitaryware, fertilisers, abrasives, automotive chains, car door frames and steel tubes. Neemazal, a neem-based organic pesticide, is the market leader in bio-pesticides. Some of the country's best-known brands like BSA and Hercules in bicycles, Parryware in sanitaryware, Parrys Spirulina and Parrys Beta Carotene in nutraceuticals, Ballmaster and Ajax in abrasives, Gromor and Paramfos in fertilisers, and many more come from the Murugappa Group.
The Murugappa Group is the recipient of the Distinguished Family Business Award 2001 from the International Institute of Management Development (IIMD) in Switzerland. It is the only business group in Asia to have received this prestigious award.