CG Power and Industrial Solutions Limited, also known as Crompton Greaves Limited, is an Indian multinational company engaged in design, manufacturing, and marketing of products related to power generation, transmission, and distribution & Rail Transportation. It is based in

Mumbai Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...

and is a part of the

Chennai Chennai, also known as Madras (List of renamed places in India#Tamil Nadu, its official name until 1996), is the capital city, capital and List of cities in Tamil Nadu by population, largest city of Tamil Nadu, the southernmost states and ...

based Murugappa Group since 2020, who acquired it from the Avantha Group. The company was restructured in 2016 following the demerger of its consumer goods business.

History

Col. R. E. B. Crompton founded R.E.B. Crompton & Company in 1878. The company was merged with F.A. Parkinson in 1927 to form

Crompton Parkinson Crompton Parkinson was a British electrical manufacturing company. It was formed in 1927 by the merger of Crompton & Co. with F. & A. Parkinson Ltd. The brand is now part of Brook Crompton. History Crompton & Co. was a lamp manufacturer foun ...

Ltd. Greaves Cotton and Company, established by James Greaves in 1859, was appointed as their concessionaire in India. The company was incorporated on 28 April 1937 as Crompton Parkinson Work Private Limited. In 1947, it was acquired by Karam Chand Thapar of Thapar Group. The company went public in 1960 and changed its name to Crompton Greaves Limited in 1966. The company in

Cold War The Cold War was a period of global Geopolitics, geopolitical rivalry between the United States (US) and the Soviet Union (USSR) and their respective allies, the capitalist Western Bloc and communist Eastern Bloc, which lasted from 1947 unt ...

era collaborated with the

USSR The Union of Soviet Socialist Republics. (USSR), commonly known as the Soviet Union, was a List of former transcontinental countries#Since 1700, transcontinental country that spanned much of Eurasia from 1922 until Dissolution of the Soviet ...

and the

Eastern Bloc The Eastern Bloc, also known as the Communist Bloc (Combloc), the Socialist Bloc, the Workers Bloc, and the Soviet Bloc, was an unofficial coalition of communist states of Central and Eastern Europe, Asia, Africa, and Latin America that were a ...

for

technology transfer Technology transfer (TT), also called transfer of technology (TOT), is the process of transferring (disseminating) technology from the person or organization that owns or holds it to another person or organization, in an attempt to transform invent ...

of new electrical technologies. In July 2014, Crompton Greaves Limited announced plans to demerge the company in order to separate its consumer goods business from the power and industrial systems segment. The demerger was completed in 2016 with the listing of Crompton Greaves Consumer Electricals Limited (CGCEL) and Gautam Thapar selling his 34% stake in CGCEL to

Advent International Advent International Corporation is an American global private equity firm. It is focused on buyouts of companies in Western and Central Europe, North America, Latin America and Asia. The firm focuses on international buyouts, growth and strat ...

and

Temasek Holdings Temasek Holdings (Private) Limited ( ) is a Singaporean State ownership, state-owned multinational investment firm. Incorporated on 25 June 1974, Temasek has a net portfolio of US$288 billion (S$389 billion) as of 2024. Headquartered at Orchard ...

for 2,000

crore Crore (; abbreviated cr) denotes the quantity ten million (107) and is equal to 100 lakh in the Indian numbering system. In many international contexts, the decimal quantity is formatted as 10,000,000, but when used in the context of the India ...

. In January 2017, Crompton Greaves changed its name from Crompton Greaves Limited to CG Power and Industrial Solutions Limited. In August 2019, CG Power and Industrial Solutions reported that its employees had carried out unauthorised transactions resulting in an "understatement of the company's liabilities" by thousands of crores in the previous financial year. In September 2020, Murugappa Group's

Tube Investments TI Group plc (formerly "Tube Investments") was a holding company for specialised engineering companies. It was based in Abingdon, Oxfordshire and was listed on the London Stock Exchange, at one point being a constituent of the FTSE 100 Index. ...

acquired a 56% stake in CG Power and Industrial Solutions for 700 crore.

Products & Services

*MV Switchgear **VCB, PCVCB, GIS & RMU, all Rail Transportation Equipments like Traction Motors, Converters, cubicles, Relays, Point machines etc.

Awards

* Received NABL Accreditation for 5 of its labs & 1 calibration lab.

References

External links

Crompton Greaves Global
Companies established in 1878 Companies based in Mumbai Electrical engineering companies of India Murugappa Group Indian companies established in 1878 Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange Indian companies established in 1937 {{India-company-stub