MPIL Corporation Limited, established in 1959, operates in the support service and consultancy sector, focusing on Mergers & Acquisitions. Initially founded as Mather Greaves Private Limited, the company evolved through name changes and strategic shifts, becoming MPIL Corporation Limited in 2006. Initially, the company was a major player in process machinery manufacturing for the textile and food processing industries, also producing pumps and fire protection installations. However, to concentrate on its core operations, MPIL demerged its pumps and fire protection divisions into separate entities, Mather & Platt Pumps Ltd and Mather & Platt Fire Systems Ltd.
Promoted originally by Mather & Platt, UK, and Greaves Cotton, MPIL transitioned from a private to a public company, undergoing several rounds of public offerings to adjust shareholding structures. The company expanded its product line in the mid-90s to include various processing plants. By selling its stake in Mather and Platt Fire Systems Limited in 2005, MPIL streamlined its focus on its primary business activities.
