Chairman
Dear Shareholders, I trust that you and your families are well. It is my pleasure to present the 72nd Annual Report of Carborundum Universal Limited (CUMI) for the financial year 2025-26. The global operating environment remained dynamic during the year, shaped by geopolitical challenges, trade realignments and supply chain adjustments. At the same time, the demand for specialised, application-led materials continued to surge, driven by the evolving needs of manufacturing, energy, electronics and infrastructure sectors.
Carborundum Universal Limited (CUMI), established as a tripartite joint venture in 1954, is a leading materials sciences engineering solutions provider. CUMI’s consolidated revenue is ₹4834 crores and PAT of ₹293 crores for the financial year 2024-25. CUMI, part of the 125-year-old Murugappa Group, is listed on the NSE and BSE. CUMI is a Mines to Market Company whose integrated operations include mining, power generation, fusion, manufacturing, marketing and distribution. CUMI has over 10,000 employees worldwide who collaborate, innovate and develop high-quality material solutions and world-class services in Abrasives, Electrominerals, Ceramics, and Refractories, serving customers in diverse industries including engineering, fabrication, auto and auto components, infrastructure, steel, glass, power generation and distribution, mining and aerospace. CUMI has a wide geographical presence spanning six continents and exports products to over 60 countries.
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