Family office · Curated list
Murugappa Family Office (MAVCO Investments)
Chennai, Tamil Nadu
At a glance
- HQ / office
- Chennai, Tamil Nadu (Dare House, Parry's Corner)
- Corpus (as reported)
- Murugappa family net worth ~Rs 85,000 cr / US$9.8B (2024)
- Website
- murugappa.com
- Profile ↗
About
MAVCO Investments is the private deal-making vehicle of select 4th/5th-generation Murugappa family members (M.A.M. Arunachalam, Vellayan Subbiah, Arun Venkatachalam), distinct from the listed Rs 85,000-cr Murugappa Group headquartered in Chennai. Its two publicly documented deals — the US$310M hubergroup acquisition with Avenue Capital and the Siemens Gamesa India/Sri Lanka onshore-wind carve-out with TPG Rise Climate (now Vayona Energy, Dec 2025) — show a focus on large industrial control transactions, not startup investing.
Investment focus
Large control/significant-minority buyouts and strategic platforms alongside global PE (Avenue Capital, TPG); NOT an early-stage cheque writer · Industrials, specialty chemicals, renewable-energy manufacturing (wind), engineering
Cheque size
Very large — consortium deals of US$300M+ (hubergroup US$310M); MAVCO takes significant minority/co-control positions
As compiled from public sources — verify with the investor.
SEBI registration
Not a SEBI AIF / offshore
Notable portfolio
hubergroup / MHM Holding (German specialty chemicals, US$310M with Avenue Capital, completed 2025); Vayona Energy (Siemens Gamesa's India & Sri Lanka onshore wind business, with TPG Rise Climate, completed Dec 2025; Vellayan Subbiah chairs the board); Family-controlled Murugappa Group companies: Tube Investments of India; Cholamandalam Investment & Finance; Carborundum Universal; EID Parry
Team & organisation
Murugappa family — MAVCO led by M.A.M. Arunachalam (Arun Murugappan), Vellayan Subbiah and Arun Venkatachalam
Not a startup-cheque investor — relevant to Invest UP as a strategic industrial/manufacturing investor (wind-energy manufacturing, specialty chemicals, engineering plants), i.e. for industrial-investment outreach rather than the startup-funding track.
Connect through iHub India
Open a funding round and send a structured pitch from this profile. It's recorded now and delivered the moment this investor joins iHub India; if they accept, contact details are shared and the conversation moves into a tracked deal room.
Raising a round? Send a funding pitch with your traction — an acceptance opens a tracked deal room. Mentors, incubators, corporates and students can request an intro instead.
Work at Murugappa Family Office (MAVCO Investments)? Claim this profile to keep it current and receive pitches directly.
Frequently asked
- What does Murugappa Family Office (MAVCO Investments) invest in?
- Large control/significant-minority buyouts and strategic platforms alongside global PE (Avenue Capital, TPG); NOT an early-stage cheque writer · Industrials, specialty chemicals, renewable-energy manufacturing (wind), engineering
- What cheque size does Murugappa Family Office (MAVCO Investments) write?
- As compiled from public sources: Very large — consortium deals of US$300M+ (hubergroup US$310M); MAVCO takes significant minority/co-control positions
- How do I pitch Murugappa Family Office (MAVCO Investments) through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
About this record
- ⚑ murugappa.com is the group site, not a MAVCO site — MAVCO has no dedicated web presence or public contact; invests in large buyouts only, so unsuitable for startup-round outreach. Family had a publicised shareholding dispute with Valli Arunachalam (2020-2023, since resolved via stake settlement).
Compiled from public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://www.murugappa.com/contact-us/; https://www.tpg.com/news-and-insights/tpg-and-mavco-led-consortium-completes-acquisition-of-siemens-gamesas-wind-business-in-india-and-sri-lanka-forming-new-platform-vayona-energy; https://www.hubergroup.com/uk/en/news/press-releases/detail/info/default-46a73bb0a8-21