MPIL Corporation Limited, originally established as Mather Greaves Private Limited in 1959, underwent several name changes over the years. In 1979, it became Mather and Platt (India) Limited, and in 2006, it adopted the name MPIL Corporation Limited. The company operates in support services and consultancy, including Mergers & Acquisitions. Initially set up by Mather & Platt, UK, and Greaves Cotton in August 1959 to manufacture calender bowls for the textile industry, the company, a member of Manu Chabria's Jumbo Group, expanded its operations to become a major player in process machinery manufacturing in India. It diversified into manufacturing centrifugal pumps and fire protection installations. To enhance focus on its business areas, the company demerged its Pumps Division and Fire Protection Installation Division into separate entities, namely Mather & Platt Pumps Ltd and Mather & Platt Fire Systems Ltd, respectively, with the approval of the Hon'ble High Court of Mumbai. After the demerger, the company solely focused on process machinery manufacturing, catering mainly to the textile and food processing industries. Originally a private limited company, it became public following its maiden public offering in April 1961. In June 1978, Greaves Cotton transferred its entire 40% shareholding to Mather & Platt, UK, which subsequently transferred all its other Indian business interests to Mather & Platt (India) Ltd. The company converted to a public limited company in June 1979 and later, in March 1990, went public again to reduce foreign shareholding to 40%. In 1995-96, the company introduced new products such as lime oil extraction plants, chili processing, mushroom processing, and canning. It also divested its entire holding in the share capital of Mather and Platt Fire Systems Limited (MPFSL), making MPFSL no longer its subsidiary effective from November 9th, 2005.