The ‘Make in India’ initiative was launched in September 2014 as part of a wider set of nation-building initiatives. Devised to transform India into a global design and manufacturing hub. The establishment of organisations like CUMI in developing cutting-edge technologies and contributing to the Indian government’s goals is a testament to the country’s potential in the field of Defence and Aerospace.
CUMI was founded in 1954 as a tripartite collaboration between the Murugappa Group, The Carborundum Co., USA and the Universal Grinding Wheel Co. Ltd., U.K. CUMI has over 5,500 employees worldwide who collaborate, innovate and develop high-quality material solutions and world-class services in abrasives, electrominerals, ceramics, refractories and energy storage materials. CUMI’s consolidated revenue is Rs. 3300 crores and PAT of Rs. 333 crores for the financial year 2022.
Founded in 1900, the Rs. 547 Billion (Rs. 54,722 Crores) Murugappa Group is one of India’s leading business conglomerates. The Group has 29 businesses including ten listed Companies traded in NSE & BSE. Headquartered in Chennai, the major Companies of the Group include Carborundum Universal Ltd., CG Power and Industrial Solutions Ltd., Cholamandalam Financial Holdings Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Shanthi Gears Ltd., Tube Investments of India Ltd. and Wendt (India) Ltd.
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