Family rift over asset settlement out in the open at Murugappa Group

Daughter of former group patriarch says will explore all options if not treated fairly on asset settlement

The low-profile promoters of the Rs 37,000-crore Murugappa Group, a Chennai-based conglomerate, are headed for a public spat over asset settlement following the death of the senior-most member and family patriarch, M V Murugappan, two years ago. Murugappan was also chairman of Carborundum Universal and a trustee of the group’s charity arm.
 
Valli Arunachalam, the older of Murugappan’s two daughters, told Business Standard that she was hopeful of a settlement soon, but would have no option but to “adopt other means available to me if we can’t make this work amicably”.
 
Arunachalam, a technology consultant by profession, was