Murugappa Family Net Worth

Murugappa Family Net Worth

Murugappa Family net worth

Current Net Worth$4.7 Billion (USD – 470 Crores), (Rupees – 36.5 Thousand Crores)

Murugappa Family short biography

Net Worth$4.7 Billion
Identified asOwns & Manages the Murugappa Group
StatusIndian Businessman family
NationalityIndian
ResidenceChennai, India
Murugappa Family short biography

Murugappa family has a net worth of $4.7 Billion (Rupees – 36,508 Crores), making them one of the top richest families in India.

The family owns and runs the Murugappa Group, a conglomerate of investments in abrasives, motorcycles, sugar, manufacturing, fertilizers, and financial services.

Their net worth was reported to be $2.4 billion in October 2017.

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Murugappa Family biography

The family is a Nagarathar (Nattukottai Chettiar) family from India.

Before the Japanese invasion of Myanmar in 1935, the Murugappa family relocated to India.

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Murugappa Group executive chairman Mr. M.M Murugappan, as well as former group chairmen Mr. A Vellayan and Mr. M.V. Subbiah, are among the members.

M. M. Murugappa Education

M. M. Murugappa holds a Bachelor of Science in Chemical Engineering from the University of Madras’ AC College of Technology and a Master of Science in Chemical Engineering from the University of Michigan in the United States.

Career

Since February 2018, MM Murugappan, a 4th generation Murugappa family member, has served as the Executive Chairman of the Murugappa Group Corporate Advisory Board.

Carborundum Universal Ltd, Coromandel International Ltd, and Tube Investments of India Ltd are his companies.

He also serves on the boards of directors of Mahindra & Mahindra Ltd, Cyient Ltd, and IIT Madras-Research Park.

He is a founder of the Indian Ceramic Society, the American and Indian Institutes of Chemical Engineers, and Plastics and Rubber Institute.

He is also a Trustee of the AMM Foundation and the Correspondent of the Murugappa Polytechnic College.

There are 28 companies in the group, including 9 publicly traded corporations that manufacture, fertilizers, motorcycles, sugar, and car parts.

BSA and Hercules are among the group’s flagship brands.

Their company’s social media handles:

Private & early life

The Murugappa family owns the $5 billion Murugappa company, which began as a money lending business in Myanmar in 1900.

According to corporate shareholdings filed for March 31, 2021, M. M. Murugappa owns 8 stocks worth over Rs. 1,869.3 crore.

The party is made up of ten founders from the fourth and fifth centuries.

Valli Arunachalam, a 5th generation sibling, has been vying for a seat on the holding company’s board of directors.

M. M. Murugappan’s social media handle:

Net worth statistics

  • September 2010 – $1.1 B
  • November 2011 – $1.0 B
  • October 2012 – $1.1 B
  • October 2013 – $700 M
  • September 2014 – $1.3 B
  • September 2016 – $1.7 B
  • October 2017 – $2.4 B
  • October 2018 – $2.1 B
  • October 2019 – $2.1 B
  • October 2020 – $2.3 B
  • October 2021 – $4.7 B

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