New Delhi, Oct 25 (UNI) Muruappa Group today announced that Mr M A Alagappan, Vice Chairman of Murugappa Corporate Board and Director-Strategy today assumed charge as the Executive Chairman of the group.
He will now relinquish charge of the Chairmanship of Tube Investments of India Ltd, Cholamandalam DBS Finance Ltd and Directorships in other Public listed companies of the group.
The Chennai-based 1.6 billion dollar company also said that Mr A Vellayan, currently Director-Marketing has assumed charge as Vice Chairman and Director-Strategy of the group.
The group has 29 registered companies, dealing in diverse areas like engineering, abrasives, finance, general insurance, sanitary ware, cycles, sugar, farm inputs, fertilizers, plantations, bio products and nutraceuticals.
It has manufacturing units in 12 states.
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