Murugappa Group An Overview

INR 225 Billion Conglomerate

One of the largest family promoted, professionally managed, diversified business groups…

The Philosophy we cherish

The fundamental principle of economic activity is that no man you transact with will lose; then you shall not.

- Arthashastra

Genesis and early years of growth

1900 – 1915 A. M. Murugappa lays the foundation of the Group by establishing a money-lending and banking business, with Ramanathan Chettiar in Burma, under the name A. M. M. Rm. Firm.

1915 - 1934

Just before the Japanese invasion of Burma in World War II, the Company strategically moves its assets back to India. Invests in steel furniture and emery paper.

1935 - 1949

1950 - 1980 New companies TI of India and CUMI are established. Company enters the Financial Services sector with Cholamandalam Investment & Finance Co.

The Company diversifies into textiles, rubber plantation, insurance and stock broking. Expands businesses to Malaya,

Vietnam and Ceylon.

Decades of Growth 1981 – 1990

New acquisitions take place demonstrating the Company’s capability to turn around businesses. Existing Companies and new acquisitions are consolidated and the Muruguppa Group is formed.

1991 – 2000 The Group is restructured where core businesses are

streamlined and portfolios are realigned. It takes on an aggressive growth path while driving into the domestic market.

2001 Onwards The Group continues to increase its global presence through joint-ventures with leading international firms. Its domestic capacity is on the rise through new product launches, newer acquisitions and Green-field projects. The future holds the promise of significant opportunities, challenges, achievements and growth. And the Murugappa Group is poised to embrace it all with the zeal and positive energy that has come to be synonymous with the Group!

From Acorn to Oak MURUGAPPA GROUP : THE ROAD TRAVELLED

Acquired Godavari Fertilisers

Founded the AMM Charities Trust

Strategic Alliance with

International Partners ,

Acquisitions in International

Markets, Greenfield Expansion -

(2001- 2007)

Focus on Core business and realignment of Portfolios, Professional Management,

Investments in R&D (1991- 2000)

Formation of the Murugappa Group , Acquisition and

turnaround of Companies -(1981- 1990)

Started new Companies - TII and CUMI. Organic Growth through acquisitions of Kadamane Tea

Estates - (1950-1980)

Shifted base to India , Invested in Assets - Steel, Furniture and

Emery Paper - (1934-1949)

Diversified into Textiles, Rubber Plantations, Insurance and Stock

Broking , Expanded business into Malaysia and Ceylon - (1915-

1934)

Started a money lending and banking

business in Moulmein (Burma) in

partnership with Ramanathan Chettiar -

(1900-1915)

1900 1912 1924 1936 1948 1960 1972 1984 1996 2008

Formation of Diversified

Business Group (DBG) – 2009 Acquisition of

Sadashiva Sugar Plant by EID

Acquisition of Strategic stake in TIFERT, Tunisia, Business

Agreement with Foskor by Coromandel, VAW, Russia by

CUMI.

Acquired 37.48% stakes held by DBS Bank Singapore.

Acquisition of GMR

Industries by EID

2011

Murugappa Group Today

Major Group Companies

Coromandel International Ltd. • Leading manufacture of wide range of Fertilizers,

Pesticides & Specialty Nutrients • Fully integrated fertilizer complex • Second Largest producer of phosphatic fertilizers India

E.I.D. Parry India Ltd. • One of the largest producers of sugar in India • Integrated sugar complexes • Largest producer of Neem based pesticides in the world • Leader in the production of nutritional supplement -

Spirulina algae

Parry Agro Industries Ltd. • One of the high yielding plantations in the country

Major Group Companies

Carborundum Universal Ltd.

• Pioneering presence in Abrasives, Refractories, Electro minerals and Industrial Ceramics.

Tube Investments of India Ltd.

• Preferred supplier of precision tubes and Strips to major automotive companies in India and abroad

• Metal Forming supplies doorframes to all major auto manufacturer and other roll formed sections for railway wagons and coaches

• Market leader in both the industrial and automotive chains • Wide range of bicycles - two well established brands, Hercules

and BSA.

Major Group Companies

Cholamandalam Investment and Finance Company Ltd. • Leading financial services provider in the country. • Offers Vehicle Finance, Business Finance and Home Equity

loans. • Its subsidiaries

Cholamandalam Distribution & Securities are in the business of distribution of a wide array of financial services products and brokerage

Cholamandalam MS General Insurance Company Ltd.

• Offers a wide range of non-life insurance products

Other Group Companies

Wendt India Limited Parry Enterprises India Limited Parry Infra

Southern Energy Development Corporation

Sterling Abrasives Limited Parry Murray and Co Limited Murugappa Morgan Thermal

Ceramics Limited

Polutech Limited

Ambadi Enterprises Limited Placon (India) Private Limited

Net Access (India) Pvt Limited Shanthi Gears Limited Sabero Organics Gujarat Limited

Group Financials

** The lower turnover for 2009-10 in comparison to 2008-09 was due to a sharp drop in key raw material prices for fertilizers and the resultant drop in sales revenue for Coromandel International. However, excluding Coromandel International, the Group turnover grew by 11%. * Year 2008-09 PBT includes a one time extra ordinary income of Rs 980 Cr.

Group Composition

CUMI, 2042, 9.1%

TII, 3933, 17.5%

EID, 2409, 10.7%

Coromandel, 9103, 40.5%

CIFCL, 2572, 11.4%

Chola MS, 1621, 7.2%

CEC, 216, 1.0% Others, 570,

2.5%

Group Turnover: 2012-13 (Rs. 22466 cr.)

CUMI, 250, 10.0%

TII, 365, 14.6%

EID, 337, 13.4%

Coromandel, 838, 33.4%

CIFCL, 474, 18.9%

Chola MS, 121, 4.8%

CEC, 7, 0.3% Others, 115, 4.6%

Group EBITDA: 2012-13 (Rs. 2507 cr.)

Industry Leadership

SCOPE BUSINESS RANK

PAN INDIA

TUBE PRODUCTS (CDW) #1

ABRASIVES #1

METAL FORMING #1

CYCLES #2

CHAINS #2

REGIONAL FERTILIZERS #1

SUGAR #1

Global Partner Today

- South Africa

- Germany - U.K.

- Japan

Groupe Chimique Tunisien - Tunisia

Sociedad Quimicay Minera - Chile

Global Footprint

Australia

California

Cincinnati

Canada

Middle East India

UK

Russia

China

South Africa

Tunisia

Wisconsin

Thailand

Florida

France

Manufacturing Base Russia – Abrasives China – Abrasives South Africa – Zirconia, Phosphoric acid Tunisia – Phosphoric acid France - TIDC

Presence in UK, Australia, USA, Canada, S.Africa, Middle East, Thailand.

Marketing & Distribution Base

The Spirit of the Murugappa Group

Social Responsibility

AMM Foundation is a non-profit organization run by the Murugappa Group

0.5% of PAT from Group companies to AMM Foundation

4 Schools, a polytechnic; approximately 10,000 students

4 Hospitals - around 7.50 lakh patients treated last year

Scholarships for needy meritorious students

Research centre for technology for the rural & urban poor

Thank you