CG Power and Industrial Solutions Bundle
Who Really Owns CG Power and Industrial Solutions?
Understanding a company's ownership structure is crucial for investors and stakeholders alike. The evolution of ownership can significantly impact a company's strategic direction and financial performance. This analysis explores the intricate ownership landscape of CG Power and Industrial Solutions, a key player in the electrical engineering sector.
CG Power and Industrial Solutions, formerly Crompton Parkinson Work Private Limited, has a fascinating CG Power and Industrial Solutions SWOT Analysis. From its inception in 1937, the company has navigated various ownership changes, including a pivotal shift in 2020. This deep dive into the CG Power ownership will reveal the current owner of CG Power and Industrial Solutions, key investors, and the impact of these changes on the company's trajectory, providing valuable insights into its future.
Who Founded CG Power and Industrial Solutions?
The story of CG Power and Industrial Solutions Limited, or CG Power, began in 1937 as Crompton Parkinson Work Private Limited in Mumbai. This marked the start of a long journey for the company, which would see significant changes in ownership and direction over the years. Understanding the early ownership of CG Power helps to trace its evolution and the influences that shaped its path.
The founders, Rookes Evelyn Bell Crompton and James Greaves, laid the initial groundwork. Crompton, who had established R.E.B. Crompton & Company in 1878, and Greaves, whose Greaves Cotton and Company was an early concessionaire for Crompton Parkinson Ltd. in India, were instrumental in the company's inception. The initial structure, as a wholly-owned Indian subsidiary of the English Crompton Parkinson Ltd., set the stage for the company's early operations.
In 1947, a major shift occurred when Lala Karamchand Thapar, a prominent Indian industrialist, acquired the company. This acquisition was a key moment, transitioning the company from its original foreign ownership to control by an Indian industrialist. The subsequent amalgamation with Greaves Cotton & Crompton Parkinson Ltd. in 1966, and the renaming to Crompton Greaves Ltd., further consolidated the company under the Thapar Group.
Founding
CG Power's roots go back to 1937, when it was incorporated as Crompton Parkinson Work Private Limited in Mumbai.
Founders
The company was founded by Rookes Evelyn Bell Crompton and James Greaves.
Early Structure
Initially, it was a wholly-owned Indian subsidiary of the English Crompton Parkinson Ltd.
1947 Acquisition
Lala Karamchand Thapar acquired the company, marking a shift to Indian industrialist control.
1966 Amalgamation
Greaves Cotton & Crompton Parkinson Ltd. was amalgamated, and the company was renamed Crompton Greaves Ltd.
Ownership Transition
The Thapar Group's control set the course for the company's development.
Key Takeaways
The early history of CG Power shows a transition from its British roots to Indian ownership, highlighting the changing economic landscape. The company's evolution, from its founding to its acquisition by the Thapar Group, showcases the strategic shifts that have shaped its identity. For more on the company's strategic moves, you can read about the Growth Strategy of CG Power and Industrial Solutions.
- CG Power's initial structure was as a subsidiary of an English company.
- The acquisition by the Thapar Group marked a significant shift in ownership.
- The amalgamation in 1966 further consolidated the company under the Thapar Group.
- These early changes set the stage for CG Power's future development and its current position in the market.
CG Power and Industrial Solutions SWOT Analysis
- Complete SWOT Breakdown
- Fully Customizable
- Editable in Excel & Word
- Professional Formatting
- Investor-Ready Format
How Has CG Power and Industrial Solutions’s Ownership Changed Over Time?
The ownership journey of CG Power and Industrial Solutions has seen significant shifts since its inception. Initially established and later going public in 1960, the company, then known as Crompton Greaves Limited, underwent a major transformation in 2016 with the demerger of its consumer goods business. This strategic move led to the separate listing of Crompton Greaves Consumer Electricals Limited (CGCEL). Subsequently, in January 2017, Crompton Greaves Limited was officially renamed CG Power and Industrial Solutions Limited, marking a new chapter in its corporate identity.
A pivotal moment in the company's history occurred in September 2020. Tube Investments of India Ltd. (TII), part of the Murugappa Group, acquired a controlling stake, significantly altering the ownership structure. This acquisition, involving a 56% stake for ₹700 crore, positioned TII as the primary promoter. As of March 2025, promoters, mainly Tube Investments of India Ltd., hold a substantial 58.06% of the company's shares, demonstrating the Murugappa Group's strong influence on CG Power's strategic direction.
| Shareholder Category | March 31, 2025 | December 2024 |
|---|---|---|
| Promoters | 58.06% | Not Available |
| Foreign Institutional Investors (FIIs) | 12.97% | 14.30% |
| Domestic Institutional Investors (DIIs) | 11.48% | Not Available |
The current major stakeholders in CG Power and Industrial Solutions include a mix of institutional and individual investors. Foreign Institutional Investors (FIIs) held 12.97% of the shares as of March 31, 2025, a decrease from 14.30% in the December 2024 quarter. Domestic Institutional Investors (DIIs) collectively hold 11.48%, with Mutual Funds (MFs) increasing their stake to 8.67% in the March 2025 quarter. Retail and other individual shareholders collectively held 15.39% as of June 2024. Prominent institutional investors include SBI Mutual Fund and HDFC Mutual Fund. Life Insurance Corporation of India (LIC) also holds approximately 6.85% of CG Power shares. These shifts, especially the acquisition by the Murugappa Group, have significantly impacted the company's strategic direction and governance. For more insights into the company's growth strategy, you can read Growth Strategy of CG Power and Industrial Solutions.
Key Takeaways on CG Power Ownership
The Murugappa Group, through Tube Investments of India Ltd. (TII), is the majority owner of CG Power.
- Promoters, primarily TII, hold a significant 58.06% stake.
- Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) are also key shareholders.
- The ownership structure reflects a strategic shift towards the Murugappa Group's interests.
CG Power and Industrial Solutions PESTLE Analysis
- Covers All 6 PESTLE Categories
- No Research Needed – Save Hours of Work
- Built by Experts, Trusted by Consultants
- Instant Download, Ready to Use
- 100% Editable, Fully Customizable
Who Sits on CG Power and Industrial Solutions’s Board?
As of the latest updates, the Board of Directors of CG Power and Industrial Solutions Limited includes seven members. The Chairman is Mr. Vellayan Subbiah, who also serves as a Non-Executive Non-Independent Director. Mr. Amar Kaul holds the position of Managing Director & CEO. Other board members include Mr. M.A.M. Arunachalam, a Non-Executive Non-Independent Director. The board also has Non-Executive Independent Directors: Mrs. Vijayalakshmi R. Iyer, Mr. P.S. Jayakumar, Mr. Sriram Sivaram, and Mr. Mammen Chally, who was appointed as an Additional Director on January 28, 2025, subject to shareholder approval. This structure is designed to provide oversight and challenge management effectively. This information is crucial for understanding the CG Power company profile and its governance.
The board's composition, with its focus on independent directors, aims to ensure robust governance. This structure is essential for investors looking at the CG Power and Industrial Solutions shareholding pattern and overall CG Power ownership. The presence of independent directors helps in maintaining transparency and accountability within the company. The board's decisions and oversight play a critical role in the company's strategic direction and financial performance, influencing factors such as the CG Power and Industrial Solutions stock price.
| Director | Position | Type |
|---|---|---|
| Mr. Vellayan Subbiah | Chairman | Non-Executive Non-Independent Director |
| Mr. Amar Kaul | Managing Director & CEO | Executive Director |
| Mr. M.A.M. Arunachalam | Director | Non-Executive Non-Independent Director |
| Mrs. Vijayalakshmi R. Iyer | Director | Non-Executive Independent Director |
| Mr. P.S. Jayakumar | Director | Non-Executive Independent Director |
| Mr. Sriram Sivaram | Director | Non-Executive Independent Director |
| Mr. Mammen Chally | Director | Non-Executive Independent Director |
The voting structure at CG Power and Industrial Solutions Limited generally follows a one-share-one-vote principle. Each equity share entitles its holder to one vote. The significant promoter holding by Tube Investments of India Ltd. (58.06% as of March 2025) gives them considerable control over major decisions. The company's use of e-voting for shareholder resolutions, such as the postal ballot for Mr. Mammen Chally's appointment in February 2025, shows a commitment to modern corporate practices. Understanding the Who owns CG Power is vital for anyone looking to invest or analyze the company's future. For more insights, consider exploring the Target Market of CG Power and Industrial Solutions.
Key Takeaways
The board includes a mix of executive, non-executive, and independent directors.
- Tube Investments of India Ltd. holds a majority stake.
- E-voting is used for shareholder resolutions.
- The board's composition is designed for effective oversight.
- The company's governance structure is transparent.
CG Power and Industrial Solutions Business Model Canvas
- Complete 9-Block Business Model Canvas
- Effortlessly Communicate Your Business Strategy
- Investor-Ready BMC Format
- 100% Editable and Customizable
- Clear and Structured Layout
What Recent Changes Have Shaped CG Power and Industrial Solutions’s Ownership Landscape?
In recent years, the ownership of CG Power and Industrial Solutions has seen significant changes. The most notable shift occurred in September 2020, when Tube Investments of India Ltd. (TII), part of the Murugappa Group, acquired a controlling stake, holding around 56%. This effectively transferred control from the Avantha Group to the Murugappa Group, marking a pivotal moment in the company’s history.
As of March 2025, the Murugappa Group maintains substantial control, with a promoter holding of 58.06%. Institutional investors also play a significant role. Foreign Institutional Investors (FIIs) held 12.97%, while Mutual Funds held 8.67% in March 2025. Although FII holdings decreased slightly from 14.30% in December 2024, the number of FII/FPI investors increased. Mutual Funds, conversely, increased their holdings in the same period. These figures highlight a stable, yet dynamic, institutional interest in CG Power.
| Shareholder Category | March 2025 (%) | December 2024 (%) |
|---|---|---|
| Promoters | 58.06% | Data not available |
| Foreign Institutional Investors (FIIs) | 12.97% | 14.30% |
| Mutual Funds | 8.67% | Data not available |
The current owner of CG Power and Industrial Solutions, the Murugappa Group, has overseen several strategic initiatives. The company is expanding into the semiconductor industry with an Outsourced Semiconductor Assembly and Test (OSAT) facility, as detailed in their 2023-24 annual report. They also approved a new transformer manufacturing facility in Western India, with an estimated cost of ₹712 Crores, expected to be finished by FY 2027-28. Recent contracts include a ₹400-450 crore order for Vande Bharat trainsets. Furthermore, CG Power announced an interim dividend of ₹1.30 per equity share for the financial year 2024-25, payable after April 16, 2025. These developments reflect a strategic focus on core business expansion and diversification under the Murugappa Group's leadership, aligning with the company's Marketing Strategy of CG Power and Industrial Solutions.
Key Ownership Changes
Tube Investments of India Ltd. (TII) acquired a controlling stake in September 2020. The Murugappa Group now controls the company. Promoter holding is currently at 58.06% as of March 2025.
Institutional Holdings
FIIs hold 12.97% and Mutual Funds hold 8.67% as of March 2025. FII holdings decreased slightly from December 2024. Mutual Funds increased their holdings during the same period.
Strategic Initiatives
CG Power is entering the semiconductor industry with an OSAT facility. A new transformer manufacturing facility is being built in Western India. Significant contracts include orders for Vande Bharat trainsets.
Financial Performance
An interim dividend of ₹1.30 per equity share was announced for FY 2024-25. This reflects the company's focus on growth and shareholder value. The company is showing a positive financial performance.
CG Power and Industrial Solutions Porter's Five Forces Analysis
- Covers All 5 Competitive Forces in Detail
- Structured for Consultants, Students, and Founders
- 100% Editable in Microsoft Word & Excel
- Instant Digital Download – Use Immediately
- Compatible with Mac & PC – Fully Unlocked
Related Blogs
- What are Mission Vision & Core Values of CG Power and Industrial Solutions Company?
- What is Competitive Landscape of CG Power and Industrial Solutions Company?
- What is Growth Strategy and Future Prospects of CG Power and Industrial Solutions Company?
- How Does CG Power and Industrial Solutions Company Work?
- What is Sales and Marketing Strategy of CG Power and Industrial Solutions Company?
- What is Brief History of CG Power and Industrial Solutions Company?
- What is Customer Demographics and Target Market of CG Power and Industrial Solutions Company?
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.