Murugappa Group company Tube Investments of India Limited (TII) announced the appointment of V S Radhakrishnan as an Additional Director on the company’s Board of Directors. According to the company’s exchange filing, “We write to inform that the Board of Directors (“the Board”) of our Company viz., Tube lnvestments of lndia Limited (“Tll”) appointed today…
Tube Investments of India Limited announced that it has recently entered into clean mobility, electronics and alternate fuels. “In line with our strategy, the Company has identified contract development and manufacturing organization (CDMO) and active pharmaceutical ingredients (API) as its new line of businesses with the potential to grow and expand,” according to the statement.…
TI Clean Mobility Private Limited (TICMPL), a wholly owned subsidiary of Tube Investments of India Limited (TII), has signed definitive documents with TII, Multiples Private Equity Fund III (Multiples), State Bank of India (SBI) along with other co-investors to raise capital up to Rs. 1950 Cr. in the form of Equity and CCPS. The total…
Murugappa group’s engineering company Tube Investments of India Limited (TII) announced the appointment of AN Meyyappan as Chief Financial Officer of the company, with effect from September 9, 2022. He succeeds K Mahendra Kumar, who will be stepping down as CFO, with effect from September 8, 2022. According to the company’s exchange filing, “Mr. AN…
Tube Investments of India Limited announced it has formed a 100% subsidiary viz. TI Clean Mobility Private Limited (‘TICMPL’) to consolidate and focus on its clean mobility ventures. TICMPL has existing interests in 3-wheeler electric vehicle and electric tractors (operated through its subsidiary Cellestial E-Mobility Private Limited). ln line with its vision to pursue clean…
Tube Investments of India, a Murugappa Group company that specializes in engineering, bicycles, metal formed products, and chains, announced it has incorporated TI Clean Mobility Private Limited,(TCMPL), a wholly-owned subsidiary of the company on February 12, 2022. According to the company’s exchange filing, “we would like to inform that the Company viz., Tube Investments of…
Tube Investments of India Limited announced the acquisition of 70% stake in Cellestial E-Mobility Private Limited (Cellestial) for Rs 161 crores. Cellestial is a start-up company engaged in design and manufacture of electric tractors, aviation ground support electric equipment and other electric machinery. According to the company’s exchange filing, “The proposed investment is in line…