The history of CG Power & Industrial Solutions Limited traces back to its inception in 1937, engaging primarily in the manufacturing of electrical equipment, transport equipment, and machinery. Originally part of the Murugappa Group, the company has a lineage dating back to Colonel REB Crompton's establishment of REB Crompton & Co. in England in 1878. Over the years, various mergers and acquisitions led to the formation of Crompton Parkinson Limited (CPL) in England, which then established a subsidiary in Mumbai, India, in 1937.
In 1947, the Indian subsidiary came under the ownership of the Thapar Group, marking the beginning of its journey in India. Subsequent decades saw significant expansion and diversification, with ventures into aluminium wound transformers and 400 kV transformers. By 1996, the Thapar Group rebranded the company as Crompton Greaves Limited to cater to both consumer and B2B electrical demands, solidifying its position as a key player in the Indian electrical engineering sector.
In 2015, the company underwent a restructuring, resulting in the formation of CG Power and Industrial Solutions Limited, which saw further changes in ownership when Tube Investments of India Limited (TII) of the Murugappa Group acquired a controlling stake in 2020. As of March 2023, the company operates 17 manufacturing units, serving clients across India and over 50 countries worldwide.
The business segments of CG Power & Industrial Solutions Limited encompass industrial, power, and railways, offering a diverse range of power conversion equipment, transformers, switchgear, and railway solutions. Additionally, the company operates numerous subsidiaries, including CG Adhesive Products Limited (CGAPL), CG International B.V., and CG Power Equipments Limited.
Key figures within the company include Natarajan Srinivasan, who serves as the Managing Director, bringing with him a wealth of experience from previous roles within the Murugappa Group and Cholamandalam Investment & Finance Co. Ltd.
Corporate actions, such as bonus share issuances, have been undertaken by the company at various intervals, demonstrating its commitment to shareholder value and growth.
In 1947, the Indian subsidiary came under the ownership of the Thapar Group, marking the beginning of its journey in India. Subsequent decades saw significant expansion and diversification, with ventures into aluminium wound transformers and 400 kV transformers. By 1996, the Thapar Group rebranded the company as Crompton Greaves Limited to cater to both consumer and B2B electrical demands, solidifying its position as a key player in the Indian electrical engineering sector.
In 2015, the company underwent a restructuring, resulting in the formation of CG Power and Industrial Solutions Limited, which saw further changes in ownership when Tube Investments of India Limited (TII) of the Murugappa Group acquired a controlling stake in 2020. As of March 2023, the company operates 17 manufacturing units, serving clients across India and over 50 countries worldwide.
The business segments of CG Power & Industrial Solutions Limited encompass industrial, power, and railways, offering a diverse range of power conversion equipment, transformers, switchgear, and railway solutions. Additionally, the company operates numerous subsidiaries, including CG Adhesive Products Limited (CGAPL), CG International B.V., and CG Power Equipments Limited.
Key figures within the company include Natarajan Srinivasan, who serves as the Managing Director, bringing with him a wealth of experience from previous roles within the Murugappa Group and Cholamandalam Investment & Finance Co. Ltd.
Corporate actions, such as bonus share issuances, have been undertaken by the company at various intervals, demonstrating its commitment to shareholder value and growth.
