CG Power and Industrial Solutions Limited, previously known as Crompton Greaves Limited, is an Indian

multinational company A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, i ...

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 — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...

and is a part of the

Murugappa Group Murugappa Group is an Indian conglomerate founded in 1900. The Group has 28 businesses including nine companies listed on the NSE and the BSE. Headquartered in Chennai, the major companies of the Group include Carborundum Universal Ltd., Chol ...

since 2020, who acquired it from the

Avantha Group Avantha Group is an Indian business conglomerate. Its businesses include power generation and distribution, power transmission and distribution equipment and services, paper and pulp, farm forestry, and infrastructure. Divisions Avantha Group ...

. The company was restructured in 2016 following the demerger of its consumer goods business.

History

Col.

R. E. B. Crompton Rookes Evelyn Bell Crompton, CB, FRS (31 May 1845 – 15 February 1940) was a British electrical engineer, industrialist and inventor. He was a pioneer of electric lighting and public electricity supply systems. The company he formed, 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 Greaves Cotton Ltd. is an Indian engineering company that manufactures engines and heavy equipment. It is traded on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE). History The company was founded in 1859 by James ...

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 Karam Chand Thapar (1900–1962) was the founder of the Thapar Group of companies. He was originally from Punjab. He started his career in 1920 as a coal trader in Calcutta, and built up the family fortune through Karam Chand Thapar and Bros. ...

Thapar Group The Thapar Group is an Indian conglomerate founded by Karam Chand Thapar. The following companies are or have been a part of the group: Greaves Cotton, The Pioneer, Sohna Stud Farm Pvt Limited, TT & G Trading Pvt Limited, Built Middle East Pv ...

. The company went public in 1960 and changed its name to Crompton Greaves Limited in 1966. The company in

Cold War The Cold War is a term commonly used to refer to a period of geopolitical tension between the United States and the Soviet Union and their respective allies, the Western Bloc and the Eastern Bloc. The term '' cold war'' is used because the ...

era collaborated with the

USSR The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, it was nominally a federal union of fifteen nationa ...

and the

Eastern Bloc The Eastern Bloc, also known as the Communist Bloc and the Soviet Bloc, was the group of socialist states of Central and Eastern Europe, East Asia, Southeast Asia, Africa, and Latin America under the influence of the Soviet Union that existed du ...

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 Gautam Thapar (born 7 December 1960) is an Indian businessman who is the chairman of Avantha Group and is part of the Thapar family. Early life Gautam Thapar belongs to the third generation of the business family founded by his grandfathe ...

selling his 34% stake in CGCEL to

Advent International Advent International is a global private equity firm focused on buyouts of companies in Western and Central Europe, North America, Latin America and Asia. The firm focuses on international buyouts, growth and strategic restructuring in five core ...

and

Temasek Holdings Temasek Holdings (Private) Limited, or simply Temasek, is a Singaporean state holding company owned by the Government of Singapore. Incorporated on 25 June 1974, Temasek owns and manages a total of US$496.59 billion (S$671 billion) in assets u ...

for 2,000

crore A crore (; abbreviated cr) denotes ten million (10,000,000 or 107 in scientific notation) and is equal to 100 lakh in the Indian numbering system. It is written as 1,00,00,000 with the local 2,2,3 style of digit group separators (one lakh is e ...

. 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,

Tube Investments TI Group plc (formerly "Tube Investments") was a holding company for specialised engineering companies. It was based in Abingdon, Oxfordshire. It was registered as ''Tube Investments'' in 1919, combining the seamless steel tube businesses of Tu ...

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.http://www.cgglobal.com/frontend/finalnonproduct.aspx?cnl2=3G3ss5YkJ3g=

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