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Crompton Greaves Ltd.
Type Public company
Founded 1878
Headquarters Mumbai, India
Key people G. Thapar (Chairman)
Industry Electrical
Products Transformers, HT & LT Motors, DC Motors, Railway Signaling
Revenue Green Arrow Up.svg72490.80 million Rs 2008-2009
Website www.cglonline.com

Crompton Greaves (CG) is an Indian multinational engaged in design, manufacturing, and marketing of products related to power generation, transmission, and distribution based in Mumbai.

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 Ltd. Greaves Cotton and Company, established by James Greaves in 1859, was appointed as their concessionaire in India.

In 1937, Crompton Parkinson established Crompton Parkinson Works Ltd. in Bombay as a wholly-owned Indian subsidiary. In collaboration with Greaves Cotton, it also established a sales organization, Greaves Cotton & Crompton Parkinson Ltd. In 1947, just before India's Independence, Lala Karam Chand Thapar, an eminent Indian industrialist, bought Greaves Cotton, when the company was put up for sale. With this acquisition, Karam Chand Thapar gained control of several associated companies such as Crompton Parkison Works, Greaves Cotton and Crompton Parkinson Company.

The name Crompton Greaves Limited was adopted on 2 August 1966, following a court-directed amalgamation of Greaves Cotton and Cromption Parkinson Ltd.

Over the years, the company has evolved into one of India's largest private sector enterprises.

After the acquisition of the Belgium-based Pauwels Trafo/Pauwels Group in May 2005, Crompton Greaves was ranked amongst the world's top ten electrical transformer manufacturers. The company subsequently acquired a host of companies outside India. These include Ganz (Hungary), Microsol (Ireland), Sonomatra (France) and MSE Power Systems (USA).

Crompton Greaves is a part of the US$ 3bn Avantha Group, and is headquartered in a self-owned landmark building at Worli, Mumbai.

Avantha Group

The group was started by Lala Karam Chand Thapar, and after his death in 1963 run by third son, L.M. Thapar. From Independence till the 1980s the Thapar Group was one of the top 10 business houses in India.

Avantha is a thriving offshoot of the old conglomerate and Gautam Thapar represents the third generation of this illustrious business family, the baton having been passed on to him by his uncle, L.M. Thapar and his father, B.M. Thapar.

The new identity, Avantha, was launched worldwide on 15 November 2007.

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