Company:Havells

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Short description: Indian electrical equipment manufacturer

Havells India Limited
TypePublic
ISININE176B01034
Industry
Founded1958; 66 years ago (1958)[1]
FounderQimat Rai Gupta
HeadquartersNoida, Uttar Pradesh, India
Area served
Worldwide
Key people
Anil Rai Gupta
(Chairman & MD)[2]
ProductsFast Moving Electrical Goods
RevenueIncrease ₹16,910 crore (US$2.4 billion) (FY23)[3]
Decrease ₹1,071 crore (US$150 million) (FY23)[3]
Number of employees
5,781 (2020)[4]
Divisions
Websitewww.havells.com

Havells India Limited is an Indian multinational electrical equipment company, based in Noida. It was founded by Haveli Ram Gandhi, later sold to Qimat Rai Gupta who was his distributor. The company manufactures home appliances, lighting for domestic, commercial and industrial applications, LED lighting, fans, modular switches and wiring accessories, water heaters, industrial and domestic circuit protection switchgear, industrial and domestic cables and wires, induction motors, and capacitors among others. Havells owns brands like Havells, Lloyd, Crabtree, Standard Electric, Reo and Promptec.

The company has 23 branches or representative offices with over 6,000 workers in over 50 countries. India's first Lloyd's exclusive outlet is acquired by businessman Rajan Bansal. The store is situated in western part of New Delhi, Paschim Vihar.[5][6] As of 2016, it has 11 manufacturing plants in India located at Haridwar, Baddi, Noida, Faridabad, Alwar, Neemrana, and Bengaluru.[7]

History

In 1983, it bought the loss-making Delhi-based Towers and Transformers Ltd and turned it around in a year. Between 1997 and 2001, Havells also bought ECS, Duke Arnics Electronics, Standard Electricals and Crabtree India. There was a 50:50 joint venture between Havells and the UK-based Crabtree, and Havells later acquired Crabtree's stake in the JV.[8][9] In 2007, Havells acquired European lighting company Sylvania for about €200 million.[10][11] In 2010, Havells introduced ceramic metal-halide lamp.[12]

In April 2015, Havells acquired a 51% majority stake in Promptec Renewable[13] before increasing its stake in the company to 100% in 2018. In December 2015, Havells sold 80% stake in Sylvania Malta and Havells Exim Hong Kong to Shanghai Feilo Acoustics for ₹1,070 crore (Template:INRConvert/HistoricalRate/Formatted)[14] and sold the remaining 20% two years later.[15] In February 2017, it acquired the consumer durables business of Lloyd Electricals at an enterprise value of ₹1,600 crore (Template:INRConvert/HistoricalRate/Formatted).[16]


Recognition

In 2014, Havells was listed 125th among 1200 of India's most trusted brands according to the Brand Trust Report 2014, a study conducted by Trust Research Advisory.[17]

References

  1. ↑ "1958". http://www.havells.com/en/aboutus/Milestones.html. 
  2. ↑ "Annual Report 2016-17". Havells.. 6 November 2017. http://www.havells.com/content/dam/havells/annual_reports/2016-2017/Havells%20AR%202016-17.pdf. 
  3. ↑ 3.0 3.1 "Havells Q4 results | Net profit at Rs 358 crore, beats estimates" (in en). cnbctv18.com. 3 May 2023. https://www.cnbctv18.com/earnings/havells-q4-results--net-profit-at-rs-358-crore-beats-estimates-16561681.htm. 
  4. ↑ "Havells India Ltd. Financial Statements". https://www.moneycontrol.com/india/stockpricequote/electricequipment/havellsindia/HI01. 
  5. ↑ "Havells Industrial on an overdrive and launches a product lounge on wheels". Engineering Review. http://www.engrreview.com/Editorial_pages/2011/09_sep11/ER1109_corp-news_13.html. 
  6. ↑ "About Havells India Limited". http://www.havells.com/en/aboutus.html. 
  7. ↑ Singh, A. "Havells Press Kit". havells.com. Havells India Ltd. http://www.havells.com/en/press-release/media-kit.html. 
  8. ↑ Jha, Mayur Shekhar (24 November 2005). "New lifestyle: Havell's India acquires Crabtree". The Economic Times. https://economictimes.indiatimes.com/new-lifestyle-havells-india-acquires-crabtree/articleshow/1306202.cms. 
  9. ↑ "How a smart turnaround strategy helped Havells to make a comeback". August 2013. http://www.businesstoday.in/magazine/case-study/smart-turnaround-strategy-helped-havells/story/197235.html. 
  10. ↑ "SLI Sylvania's lighting biz to give yields from 2010: Havells". The Economic Times. 21 December 2009. https://economictimes.indiatimes.com/industry/cons-products/electronics/sli-sylvanias-lighting-biz-to-give-yields-from-2010-havells/articleshow/5363091.cms. 
  11. ↑ "When Havells Bought Sylvania" (in en). Forbes. https://www.forbes.com/2010/08/26/forbes-india-havells-managed-sylvania-acquisition.html. 
  12. ↑ "Havells India looks for acquisitions in China, Africa". The Economic Times. 23 February 2010. http://economictimes.indiatimes.com/industry/cons-products/electronics/havells-india-eyes-acquisitions-in-china-asean-latin-america/articleshow/5607993.cms. 
  13. ↑ "Havells acquires controlling stake in Promptec" (in en). Business Today. 20 April 2015. https://www.businesstoday.in/latest/corporate/story/havells-acquires-controlling-stake-in-promptec-50412-2015-04-20. 
  14. ↑ "Havells India to sell 80% stake in subsidiaries for ₹1,070 cr" (in en). Business Line. 10 December 2015. https://www.thehindubusinessline.com/companies/havells-india-to-sell-80-stake-in-subsidiaries-for-1070-cr/article64351454.ece. 
  15. ↑ "Havells: The big switch" (in en). Fortune India. https://www.fortuneindia.com/enterprise/havells-the-big-switch/102027. 
  16. ↑ Shyam, Ashutosh R.; Barman, Arijit (19 February 2017). "Havells acquires consumer biz of Lloyd Electric for Rs 1600 cr". The Economic Times. https://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/havells-acquires-consumer-biz-of-lloyd-electric-for-rs-1600-cr/articleshow/57233192.cms. 
  17. ↑ "India's Most Trusted Brands 2014". http://www.trustadvisory.info/pdf/BTR2015_categorywise.compressed.pdf. 

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