 | This articleneeds additional citations forverification. Please helpimprove this article byadding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "CG Power and Industrial Solutions" – news ·newspapers ·books ·scholar ·JSTOR(January 2016) (Learn how and when to remove this message) |
 | |
| Company type | Public |
|---|---|
| BSE: 500093 NSE: CGPOWER | |
| Industry | Electrical |
| Founded | 1937 |
| Founders | R. E. B. Crompton James Greaves |
| Headquarters | , India |
| Products | Transformers, pump, HT & LT Motors, DC Motors, Railway Signaling |
| Revenue | ₹14,013crore (US$1.7 billion) (2015)[1] |
| Parent | Murugappa Group |
| Subsidiaries | G.G. Tronics |
CG Power and Industrial Solutions Limited, also known asCrompton Greaves Limited, is an Indianmultinational company engaged in design, manufacturing, and marketing of products related to power generation, transmission, and distribution & Rail Transportation. It is based inMumbai and is a part of theChennai basedMurugappa Group since 2020, who acquired it from theAvantha Group.[2] The company was restructured in 2016 following the demerger of its consumer goods business.[3]
Col.R. E. B. Crompton founded R.E.B. Crompton & Company in 1878. The company was merged with F.A. Parkinson in 1927 to formCrompton Parkinson Ltd.Greaves Cotton and Company, established by James Greaves in 1859, was appointed as their concessionaire in India.[4]
The company was incorporated on 28 April 1937 asCrompton Parkinson Work Private Limited. In 1947, it was acquired byKaram Chand Thapar ofThapar Group. The company went public in 1960 and changed its name to Crompton Greaves Limited in 1966.[5][6] }}
The company inCold War era collaborated with theUSSR and theEastern Bloc fortechnology transfer 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.[7][8] The demerger was completed in 2016 with the listing ofCrompton Greaves Consumer Electricals Limited (CGCEL) andGautam Thapar selling his 34% stake in CGCEL toAdvent International andTemasek Holdings for₹ 2,000crore.[9][10]
In January 2017, Crompton Greaves changed its name from Crompton Greaves Limited to CG Power and Industrial Solutions Limited.[11]
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.[12][13]
In September 2020,Murugappa Group'sTube Investments acquired a 56% stake in CG Power and Industrial Solutions for₹ 700 crore.[14]
  | This article about an Indian company is astub. You can help Wikipedia byexpanding it. |
