CG Power and Industrial Solutions

CG Power and Industrial Solutions Limited, also known as Crompton Greaves Limited, is an Indian multinational company engaged in design, manufacturing, and marketing of products related to power generation, transmission, and distribution & Rail Transportation.

[4] The company was incorporated on 28 April 1937 as Crompton Parkinson Work Private Limited.

In July 2014, Crompton Greaves Limited announced plans to demerge the company in order to separate its consumer goods business from the power and industrial systems segment.

[11] In August 2019, CG Power and Industrial Solutions reported that its employees had carried out unauthorised transactions resulting in an "understatement of the company's liabilities" by thousands of crores in the previous financial year.

[12][13] In September 2020, Murugappa Group's Tube Investments acquired a 56% stake in CG Power and Industrial Solutions for ₹ 700 crore.