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Carborundum Universal

#4066

Rank

$2.24B

Marketcap

IN India

Country

Carborundum Universal
Leadership team

Mr. N. Ananthaseshan (MD & Additional Director)

Mr. P. Padmanabhan (Chief Financial Officer)

Ms. Rekha Surendhiran (VP, Compliance Officer & Company Sec.)

Products/ Services
Advanced Materials, Industrial, Manufacturing
Number of Employees
1,000 - 20,000
Headquarters
Chennai, Tamil Nadu, India
Established
1955
Net Income
20M - 100M
Revenue
500M - 1B
Traded as
CARBORUNIV.NS
Social Media
Overview
Location
Summary
Carborundum Universal Limited, together with its subsidiaries, manufactures and sells abrasives, ceramics, and electro minerals in India and internationally. The company operates through three segments: Surface Engineering, Technical Ceramics and Super Refractory Solutions, and Electrominerals. It offers bonded and coated abrasives, processed cloth products, polymers, power tools, and coolants; and electro minerals, including fused alumina, silicon carbide, fused zirconia, aluminum zirconia, pearl zirconia, and zircon mullite. The company also provides industrial ceramics, anti-corrosion products, and bio ceramics, which harness the heat resistance/containment, wear resistance, and insulation properties of ceramics, as well as corrosion resistance properties of various materials. In addition, it manufactures super refractories; operates gas-based power generation facility; and provides IT infrastructure facility management, software application development, remote infrastructure management, and IT security management services. The company was incorporated in 1954 and is based in Chennai, India.
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
The Mission of CUMI is 'to be the preferred partner of its customers and to lead in providing cost effective solutions in all our spheres of business activity, through continual improvement and innovation.'
Vision
To create further value by increasing customers' satisfaction and by developing competitively superior products and services.
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
CUMI has received the following awards: National Energy Conservation Award, Safety Awards, National Quality Assurance Award, Superbrand and Ranked 7th among the Most Attractive Brands.
References

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Carborundum Universal
Leadership team

Mr. N. Ananthaseshan (MD & Additional Director)

Mr. P. Padmanabhan (Chief Financial Officer)

Ms. Rekha Surendhiran (VP, Compliance Officer & Company Sec.)

Products/ Services
Advanced Materials, Industrial, Manufacturing
Number of Employees
1,000 - 20,000
Headquarters
Chennai, Tamil Nadu, India
Established
1955
Net Income
20M - 100M
Revenue
500M - 1B
Traded as
CARBORUNIV.NS
Social Media