Carborundum Universal
#4066
Rank
$2.24B
Marketcap
India
Country
Mr. N. Ananthaseshan (MD & Additional Director)
Mr. P. Padmanabhan (Chief Financial Officer)
Ms. Rekha Surendhiran (VP, Compliance Officer & Company Sec.)
Summary
History
CUMI was established as a result of diversification from banking business through cycle manufacturing with the intent to manufacture abrasive materials. CUMI's parent company, the Murugappa Group, made a tie up with the Carborundum, UK, a subsidiary of American abrasive manufacturer, Carborundum, USA and the Universal Grinding Co. Ltd., UK in 1950. The result was the Carborundum Universal of Madras. Then it was renamed and incorporated in 1954 as Carborundum Universal Ltd .
Establishments
Initially CUMI was founded to manufacture the core products for the collaborating companies. Later the company established its first bonded abrasive plant at Chennai with the facility acquired from Ajax Products and began its manufacturing in the abrasives platform. With the intention of producing technical ceramics for high temperature insulation products CUMI has made joint venture with Morgan Crucible Plc. UK resulted in the establishment of Murugappa Morgan Thermal Ceramics Ltd in 1982.The company has laid a strong foundation in Engineered Ceramics through number of joint ventures. In 1991 Wendt Ltd, a joint ventured company of Wendt GmbH, Germany and The House of Khataus, was merged with the CUMI. CUMI's first Industrial Ceramics division was established in Hosur, Tamil Nadu as a technical partnership with Coors Ceramics, USA in 1991. Later it was expanded with the unique Metallized Cylinders Plant.
As a part of expanding their presence, in 2005 the company started CUMI Middle East FZE in Ras Al Khaimah. In order to strengthen their global presence CUMI bought Abrasive Enterprises Inc., Canada, for $2.24 Million by 2006. After a year CUMI established CUMI International Ltd in Cyprus.
Acquisitions
With in a decade, after the withdrawal of the collaborators, CUMI acquired Ajax Products Pvt Ltd. CUMI stepped up in abrasive industries by acquiring the Eastern Abrasives Ltd, Kolkata in 1978. In 1997 Cutfast Abrasive Tools Ltd, Eastern Abrasive Ltd, Cutfast Polymers Ltd and Carborundum Universal Investment are joined with Carborundum Universal Ltd.
With in a year of acquisition of Sterling Abrasives Ltd and SEDCO in 2003, CUMI acquired CUMI Australia Pty Ltd., Australia. In 2007 the company took over a china based firm Sanhe Yanjiao Jingri Diamond Industrial Company Ltd and Russian Volzhsky Abrasive Works. The further acquisitions are followed in 2008, Foskor Zirconia Ltd, South Africa became a subsidiary of CUMI
Diversification
Besides manufacturing, marketing and distribution CUMI also involved in a diversified works like mining, power generation and TOT agreements with various organizations.
CUMI acquired Bauxite mines at Bhatia and Okha of Gujarat in India, Silicon Carbide plant in Koratty, Kerala and a Brown Aluminium Oxide grains Plant at Edapally, India. CUMI established a 12MW Hydroelectric power plant at Maniyar, Kerala in 1994 and a 5.5MW Wind mill at Nallur.
CUMI made a technology transfer with Answer Technology Inc., USA for advanced monolithics and a technical collaboration with National Institute for Interdisciplinary Science and Technology of India, Bhabha Atomic Research Centre of India and Pennsylvania State University of USA for the development of advanced ceramic technology.
CUMI Direct
CUMI Direct was started in the year of 2005. CUMI direct is selling
Ware house Equipment - Pallet Truck, Stacker, Table Lifts, Movable Dock Ramps, Stationary Dock Leveler, Tail Lifts, Fork Lifts, Plastic Pallets, Caster Wheels.
Material Handling Equipment - Shopping Trolley, Hand Cart
Power-tools - CUMI power tools, METABO Power Tools
Industrial Ceramics - CUMI Industrial Ceramics Products
Electro Minerals - CUMI Electro Mineral Products
Abrasives - CUMI Abrasive products - Thin Wheels, Rolls, Grinding Wheels, Non Woven Wheels, Coated Abrasives, Porous Tiles, Super Abrasives, Resonoid And Rubber, Vitrified Ranges
Metal Working Fluids - Cleaner, Forming fluids, Neat Oils, Rust Preventives, Water Solubles.
Strapping Tools - Tensioner, Sealer.
Super Refractories products - Fired Refractories, Monolithic ProductsMost of the products are granted CE and GS certificates.
Mission
Vision
Key Team
Mr. Sridharan Rangarajan (Director of Strategy & Fin., Pres of Corp. and Whole-Time Director)
Ms. T. A. Janani (Investor Relationship officer)
Ms. D. Vijayalakshmi (VP of Corp. Communications)
Bhaskharan Kannun (Head of HR)
Mr. P. L. Deepak Dorairaj (Head of China Operations)
Dr. Shyam S. Rao (Bus. Head of Industrial Ceramics)
M. V. Sivakumaran (Bus. Head of Electrominerals)
Recognition and Awards
References
Dive deeper into fresh insights across Business, Industry Leaders and Influencers, Organizations, Education, and Investors for a comprehensive view.
Mr. N. Ananthaseshan (MD & Additional Director)
Mr. P. Padmanabhan (Chief Financial Officer)
Ms. Rekha Surendhiran (VP, Compliance Officer & Company Sec.)