| Company type | Private |
|---|---|
| Industry | Conglomerate |
| Founded | Chennai,Tamil Nadu 1912; 114 years ago (1912)[1] |
| Founder | S. Rm. M. Annamalai Chettiar |
| Headquarters | Anna Salai,Chennai,Tamil Nadu |
Key people | Dr. Muthiah Ramaswamy (Chairman) |
| Products | Cement Infrastructure Logistics Power generation Agriculture Education |
| Website | www www |
Chettinad Group is an Indian businessconglomerate headquartered inChennai. It was founded as the Annaamalai Chettiar Group byAnnamalai Chettiar.[2][3][4][5][6]
The Chettinad Group was founded in January 1912 byRaja Sir Annamalai Chettiar, who was part of theNagarathar community in Tamil Nadu.[7] In July 1962, the Chettinad Group expanded into thecementsector and launched Chettinad Cement.[8] In December 1984, after the death ofM.A.Muthiah Chettiar, leadership passed to his son,M.A.M. Ramaswamy Chettiar, who became the group's head.[9] After the death of Ramaswamy Chettiar, leadership passed to his adopted son M.A.M.R.Muthiah, who became the group's head in 2015.
March 2011,Ennore Port (nowKamarajar Port) entered into a licenseagreement with Chettinad Group through a special purpose vehicle, Chettinad International Coal Terminal, for a build-operate-transfer (BOT) scheme.[10]
From January 2012 to 2013 Chettinad Cement Corporation partnered with itsassociate company, Chettinad Power Corporation, to fund a thermal power project in Tamil Nadu. Chettinad Cement invested around ₹1,300 crore in equity.[11]
In 2013 Chettinad Group partnered with private firms such as Breeze Enterprises, Mintra, Trans Earth Logistics, and Fossil Logistics, for logistics and coal movement.[10]
In 2020 NovemberJSW Infrastructure acquired Chettinad Group’s port assets.[12]
In August 2015, the Income Tax Department conducted extensive raids on properties linked to the Chettinad Group, reportedly uncovering unaccounted income of over ₹300 crore, which included large caches of cash and jewellery. These raids were part of a larger crackdown on alleged financial irregularities within the group.[13]
In July 2024, theEnforcement Directorate provisionally attached immovable properties worth over ₹298 crore belonging to South India Corporation Pvt Ltd, a Chettinad Group company, under thePrevention of Money Laundering Act. This action stemmed from an investigation based on aDirectorate of Vigilance and Anti-Corruption FIR against former officials of the Tamil Nadu Generation and Distribution Corporation and SICPL.[14] The probe found that a coal handling contract originally awarded for five months in 2001 continued for 19 years following repeated court injunctions, reportedly resulting in a loss of approximately ₹908 crore to TANGEDCO and a corresponding gain to SICPL.[15]
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