Carborundum Universal Limited
Aditya Birla Sun Life Mutual Fund, which previously held 1.12 percent of Carborundum Universal Limited, no longer appears on the company's latest disclosed shareholder list, indicating either a complete sale or a reduction to below the 1 percent reporting threshold.
A leading manufacturer of abrasives, ceramics, refractories, and electro-minerals, Carborundum Universal serves diverse industrial sectors including automotive, metalworking, construction, and heavy industries. Part of the Chennai-based Murugappa Group, the company operates integrated production facilities and offers specialized materials for grinding, cutting, finishing, and thermal applications. Its products address critical manufacturing and industrial processes, serving customers across domestic and international markets through established distribution networks and technical support.
Joint venture between Aditya Birla Capital and Sun Life Financial of Canada. Among India's top five AMCs with over Rs 6.5 lakh crore in AUM across 100+ schemes. MD and CEO A. Balasubramanian is one of the most outspoken fund industry voices in India. CIO Mahesh Patil oversees the equity book with a consistent large and multicap tilt.