CUMI’s approach to propel growth

27th Aug. 2009

CHENNAI: Carborundum Universal Ltd. (CUMI), a Murugappa Group company, is working on an innovation-led approach to propel the company into the higher growth orbit.

Indicating this in an interaction with The Hindu, K. Srinivasan, Managing Director, said CUMI had already constituted a core team which had been doing a lot of work on the innovation front for the past three years. The team was currently assessing innovation-induced opportunities. “Our core strength is in discrete processing of minerals and metals,” he said. Ideally, CUMI would like to get into areas adjacent to its core competency if they offered mega growth opportunities, he said.

Besides the innovation-led approach, CUMI was keeping the organic and inorganic routes to growth pretty open. “We have head room to grow organically in all markets and businesses. Also, we will continuously seek and look for opportunities for inorganic growth,” Mr. Srinivasan said.

CUMI, he said, had always focussed of ‘RIC’ (Russia, India and China) nations. It had added South Africa to the list. He said CUMI would look for manufacturing access only in low-cost economies though it would not be averse to having customer-facing organisations in developed economies.

Given this, CUMI is now moving towards consolidation of its back office functions by moving towards shared service model. The objective, he said, was to ensure better governance, greater comfort and effective control.

CUMI was also planning to go in for corporate governance rating. “We are looking to have a foolproof system of governance across the organisation”. An exercise in the regard was already on, he said.

Get in touch with us

Contact us

The information contained in this website is for general information purposes only. The information is provided by CUMI and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.Through this website you are able to link to other websites which are not under the control of CUMI. We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them. Every effort is made to keep the website up and running smoothly. However, CUMI takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.

All rights reserved.Copyright © 2015