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The patriarch brand; Emmar; was founded by Mr. M.R. Narayanan and Mrs. Nirmala Narayanan. Established in 1974 and registered under the Registrar of Companies Act in 1976; Emmar was established to provide integrated engineering solutions for major production industries of Railways, Steel, Power, Energy, Automotive and others. Founded during the industrial growth era of the 70s and, India, not yet a liberalised economy; Emmar grew slowly but steadily. Mr. M.R. Narayanan who came from a conservative Indian family, had humble roots. He had to quit his education to take care of his siblings and family requirements at an early age. He worked as a small town milk vendor. In the early 1950s, Mr. Narayanan came to Bangalore to work at Hindustan Aeronautics Limited [HAL] as a scraper on the shop floor for supply of ammunition. The shop had been established during the Second World War. Mr. Narayanan continued to grow in the HAL departments and finally joined a private machine tools manufacturing and distribution company. Mr. Narayanan had a keen intent in engineering and construction of high tech machineries requisite for the growth of Infrastructures and an Impact on the global growth of industrialisation.
In 1974, he quit an began his own business house; EMMAR MACHINE TOOLS which had roots in Bangalore & Coimbatore, India. Emmar was one of the first companies to provide turnkey integrated solutions, and in 1976; Emmar collaborated with global leaders; Group Danobat [Spain] & Zayer S.A. [Spain]. Group Danobat, a vertical of the conglomerate; Mondragon Corporation [Spain] and Zayer; a Family Owned high technology machine manufacturer; in collaboration with Emmar; became the first Spanish Technologies to reach India in the 70s. Emmar pioneered in introducing Spanish Tech & CNC Machinery In India.
With over 400 turnkey integrated solutions. Emmar;s core market space was to deliver Capital Assets. Capital Assets are high value assets developed to cater large scale production to satisfy the demands of public infrastructure assets. These are highly crucial asset developments that cater both a Country's growth requirement while also playing a major role in maintaining production upkeep vs deficits that can affect the EXIM market standings as well. Emmar played a crucial role in Nation Building in the Industrial Market spectrum and has contributed immensely in technology, solutions and management in Railways, Power, Steel, General Heavy Engineering, Defence, Aerospace and Research & Development.
The family generated its wealth from the business revenues and has ever since invested the same in developing a larger spectrum to cater large scale developments and management.
The Story Behind
The Evolution
Emmar's long standing history, knowledge, market understanding, management of high complex asset development and management; the transition was initiated based on these high quality structures underlying the flagship company. It was consciously decided to invest the family wealth in developing a state of the art corporation that seamlessly integrated our flagship qualities and historical knowledge into developing and managing active direct investments in the Infrastructure & Industrial market space. The ideology is to create the flagship; EMMAR; as a globally leading holding corporation focused on holdings in strategic manufacturing industries, production industries & infrastructure assets.
In 2014; Emmar's restructure was initiated and the first steps the corporation took was to develop a massive network of Supply, Value & Capital networks that would develop this unique global corporation into a powerhouse investment management & asset management system, that would be for both in-house & open market potential. The network building in itself took a good 4-6 years and, the Covid period put a large blockade in our speed of growth.
Emmar's high resilience and our welcoming of a highly strategic partner into the business with decades of private equity & structured debt markets; Mr. Mesrop Nerkararian in the year 2016; changed our global business approach and, both, Mr. Madabushi Narayanan Gosakan [Promoter & Second Generation to EMMAR]; together setup the new structures under Emmar. In 2021; Mesrop & Gosakan acquired one of Switzerland's oldest trusts, SWISS PROVIDENTIAL TRUST AG; which became the platform of the Promoters. SPT is the consolidated holding entity under which both the Promoters host the shares on their global holdings and operations. The establishment of SPT has been designed to maintain a structured capital markets purview. The Capital Markets of Equity & Debt are essential ingredients in the development of global asset markets. All global industries depend on the capital markets and its products to create and manage alternative capital possibilities for large scale developments, mergers & acquisitions leading to organic & in-organic markets. A major portion of the rebranding is to make Emmar a global corporation by rebranding an Active Investment module under a vertically integrated structure. The all new branding structure under the SPT has been to create a series of autonomous units each providing a core competency in the capital markets arena.
2014
Founding Members
Mr. M.R. Narayanan
1938-2022
Mrs. Nirmala Narayanan
1947-2011
Featured Clients
Indian Railways
Indian Airforce
DRDO [Research & Development]
Bhabha Atomic Research
Heavy Vehicles Factory
Lakshmi Machine Works
Essar Steels
Essar Heavy Engineering
Metallurgical Consultants [MECON]
HMT International
HMT [India]
TATA Motors
Steel Authority Of India
Integral Coach Factory
Raebaireily Coach Factory
Engine Factory [Varanasi]
IRCON
RITES India
Indian Defence
Hindustan Hydraulics
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