Murugappa Group

The initiative expands focus beyond chip making with a reported allocation of Rs 1,27,000 crore.

Two Murugappa Group companies benefit from this ecosystem build-out.

CG Power and Industrial Solutions has entered semiconductor assembly through its subsidiaries, with commercial operations at its first plant already live in Gujarat.

Renesas has committed to taking roughly 50% of the combined capacity across both existing and planned facilities.

One brother, N. Ganapati Subramaniam, rose to be COO of TCS and is now chairman of multiple Tata companies.

The oldest brother, N. Srinivasan, was a top executive at the Chennai-based Murugappa Group.

a conglomerate which has been around for over a century.

And he was responsible for what is clearly one of the most remarkable turnarounds in corporate India in the past 25 years.

Murugappa Group bought CG Power, which was a maker of transformers and industrial motors from the Thapar Group.

The company was drowning in debt and was dealing with investigations related to bank fraud.

He turned the company around to such an extent that CG Power is now the second most valuable company within the Murugappa stable.