Murugappa Group revamp: 20-yr-old corporate advisory board to be disbanded

Instead of the board, which was managed by a family member and five outsiders, the group and individual companies will now be led by senior family members

Topics
Murugappa Group | Cholamandalam Investment | Coromandel International

T E Narasimhan  |  Chennai 

The Rs 38,000-crore Murugappa group has decided to dismantle its two-decade-old non-statutory Murugappa Corporate Advisory Board. Instead of the board, which was, which was led by a family member and five outsiders, the group and individual companies will now be led by senior family members.

Until recently, M M Murugappan was the chairman of the advisory board. Three Murugappa group companies – Coromandel International, Cholamandalam Investment and Finance Company and Tube Investments of India – on November 11 announced that Murugappan was superannuating and that additional ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, November 24 2020. 17:07 IST
RECOMMENDED FOR YOU
.