History Of CG Global
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History of CG
Over 86 Years of Innovation.
CG was established in 1937 in India and since then the Company has been a pioneer and has retained its leadership position in the management and application of electrical energy.
The origins of CG can be traced back to the pioneering work of Colonel REB Crompton, who, in 1878 founded a business at Chelmsford, Essex, England under the name of REB Crompton & Co., to engage in the manufacture and contracting of electrical equipment.
REB Crompton & Co. merged with F&A Parkinson Limited, thereby establishing Crompton Parkinson Limited (CPL) in England.
CPL established its wholly owned Indian subsidiary 'Crompton Parkinson Works Ltd.', in Mumbai, along with a sales organization, 'Greaves Cotton & Crompton Parkinson Ltd.'
With the dawn of the independence of India, the company was taken over by the eminent Indian industrialist - Lala Karamchand Thapar, who formed the Thapar Group.
CG took its initial steps to revolutionize its portfolio, which till then comprised only motors and consumer products. It took a major leap in the electrical engineering segment, through the acquisition of transformer technology from Westinghouse Electric Corporation of USA, for manufacture of 400 kV transformers and aluminum wound transformers. This was followed by further expansion in the switchgear, vacuum interrupter and allied businesses.
Thapar group created Crompton Greaves Limited to meet the electrical demand of B2B and consumer segments.
The Company had emerged as one of the leading companies in the electrical engineering domain of India, in its three business areas of Power Systems, Industrial Systems and Consumer Products; and a serious contender in the global arena.
CG established its international manufacturing footprint in the year 2005 by acquisition of the Belgium based Pauwels Group, which gave CG additional manufacturing facilities for Power and Distribution transformers at Belgium, Ireland, USA and Indonesia. This was followed with a series of successful acquisitions - Ganz, Hungary in 2006; Microsol, Ireland in 2007; Sonomatra, France; MSE, USA in 2008 and PTS, UK in 2010.
The heavy engineering business of the company was demerged to form a separate entity CG Power and Industrial Solutions Limited, as we know it today. And the Consumer business was also demerged.
Tube Investments of India Ltd. (TII), a multi-crore Murugappa Group company, acquired controlling stake in CG Power and Industrial Solutions Ltd. The Company also re-entered into the FMEG Segment.
