Murugappa Group targets $7.2-billion turnover for 4 yrs

The diversified Murugappa Group with interests in fertiliser, engineering, auto components, sugar, general insurance and financial services, has set a target of $7.2 billion turnover by 2013-14. The group s current size is $3 billion with annual growth rate of 20-24% Group chairman A Vellayan told a press conference on Thursday: Given our strategy, expansion plans, inorganic growth, investments and brand equity, we are confident that the group will achieve the said turnover as desired. We have planned to grow three times theIndian GDP, which is expected to grow at 8%, he added. While most of the growth comes through the ...

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