Exide Industries

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Exide Industries Limited
Public
IndustryBattery Manufacturing, Insurance services
Founded1947
HeadquartersKolkata, West Bengal, India
Area served
Worldwide
Key people
Bharat Dhirajlal Shah
(Chairman)
Gautam Chatterjee
(CEO)
A K Mukherjee
(CFO)
Uttio Majumdar
(CMO)[1]
RevenueIncrease9,186 crore (US$1.3 billion) (2018)
Increase1,244 crore (US$180 million) (2018)
Increase668 crore (US$97 million) (2018)
Total assetsIncrease7,751 crore (US$1.1 billion) (2018)
OwnerRajan Raheja Group[2][3]
SubsidiariesExide Life Insurance
Websitewww.exideindustries.com

Exide Industries Limited is a storage battery producing company and a life insurance company headquartered in Kolkata, India. It is the largest manufacturer of automotive and industrial lead-acid batteries in India and fourth largest in the world.[4] It has plants in India and Sri Lanka and dealership network in 46 countries spanning across 5 continents. Exide also has four major lead-acid battery recycling facilities — two of which are in the United States, and Spain and Portugal each have one as well. The company claims that 99 percent of lead processed through these facilities is recycled.[5][6]

In January 2013, Exide Industries acquired 100% of the equity capital of ING Vysya Life Insurance.[7] In May 2014, the name of ING Vysya Life Insurance Company Limited was changed to Exide Life Insurance Company Limited.[8]

History[edit]

This company was incorporated as Associated Battery Makers (Eastern) Ltd., on 31 January 1953 under the Companies Act, 1913 to purchase all or any of the assets of the business of manufacturers, buyers and sellers of and dealers in and repairers of electrical and chemical appliances and goods carried on by the Chloride Electric Storage Company (India) Ltd., in India, since 1916 with a view thereto to enter into and carry into effect (either with or without modification) an agreement which had already been prepared and was expressed to be made between the Chloride Electric Storage Co. (India) Ltd. on the one part and the company of the other part. The name of the company was changed to Chloride India Ltd. on 2 August 1972. The name of the company was again changed to Chloride Industries Ltd. vide fresh Certificate of Incorporation dated 12 October 1988. The company was further changed to Exide Industries Ltd. on 25 August 1995.

The company manufactures the widest range of storage batteries in the world[citation needed] from 2.5 Ah to 20,600 Ah capacity, covering the broadest spectrum of applications. The company has seven factories located across the country – two in Maharashtra, two in West Bengal - Shamnagar (Mother plant) & Haldia, one in Tamil Nadu Hosur, one in Haryana and two in Uttarakhand. The company’s predecessor carried on their operations as import house from 1916 under the name Chloride Electrical Storage Company. Thereafter, the company started manufacturing storage batteries in the country and have grown to become one of the largest manufacturer and exporter of batteries in the sub-continent today. Exide separated from its UK-based parent, Chloride Group Plc., in 1989, after the latter divested its ownership in favour of a group of Indian shareholders.

Exide is the only company which provide submarine batteries to Indian Navy.

Relationship between Exide Industries and Exide Technologies[edit]

Chloride Electric Storage Co. Ltd. (CESCO) was the United Kingdom-based division of the United States-based Electric Storage Battery Company (ESBC), a predecessor to today's Exide Technologies. In 1947, ESBC was forced to sell off CESCO following the decisions of a United States district court, and CESCO held the "Exide" trademark in the UK, and later sold batteries under the Exide name in India. In 1991, CESCO's successor, Chloride Group plc, fully divested its trademark in India and battery manufacturing operations to its current management. [9] In 1997, Exide Industries filed a lawsuit against Exide Technologies of the United States when the latter tried entering the Indian market, and both companies entered a prolonged legal battle that was heard by the Delhi High Court, which led to a 2012 verdict that Exide Industries was the legal owner of the Exide trademark in India.

An appeal was filed and in 2017, it was ruled that while Exide Industries was the trademark owner in India, Exide Technologies held the goodwill of the "Exide" name and both companies had a legitimate claim to use of the name in the Indian market. A further appeal from the Indian company that went to the Supreme Court of India led to a stay of the verdict, however, there was a restraining order on the use of the "Exide" name from the American company until the final verdict. Both parties settled in 2017, with an out of court settlement from Exide Industries to Exide Technologies, terms being that Exide Technologies waives any rights to the "Exide" trademark in India in perpetuity.[10]

Research & development[edit]

R&D work is carried out on various facets of lead-acid battery technology, which include development of new products for applications such as Automotive, Motorbike, VRLA, Telecom, UPS, Railways, Defence, etc. primarily to make the product range internationally competitive. In addition, the R&D is engaged in projects embracing process technology aimed at - improving the product quality & consistency, production efficiency and material utilization. Furthermore, R&D programme includes improvement and indigenisation of materials such as metals, alloys, plastics, etc. R&D emphasis is on studying and improving the environmental aspects associate with the manufacturing process.

Infrastructure and laboratories[edit]

Exide R&D centre is also equipped with a Tool-Room, CAD facilities, material testing and laboratories having equipment for testing of the raw materials and components used for manufacture of batteries. These include optical emission Spectrometer, Particle Size Analyzer, Porosemeter, Image Analyzer Workstation, Profile Projector, Universal Tensile testing machine, etc.

Functional areas[edit]

The R&D personnel work in the following functional areas:

  • Battery Design & Development
  • Process Development
  • Tool Design & Development
  • Alloy Development
  • Development of Plastic Components
  • Hard Rubber / Soft Rubber Components Development
  • Analytical Services
  • Battery Testing & Quality Assurance
  • Environmental Health Monitoring
  • Lithium Ion battery development

Patents[edit]

The continuous research efforts have enabled Exide to patent new processes and grid structures for batteries in India.

Design Patent on leak resistant Automotive Battery|| India || 2001
PATENTS PLACE YEAR
Process for fabricating a grid structure for Cadmium Sulphide / Cuprous Sulphide cell India 1978
Improved Dry Charged process for Drying Formed Negative India 1978
Process for manufacturing micro-porous polymeric material. India 1979
Micro-porous polymeric material for Miners’ Cap Lamp batteries and Process for preparation thereof India 1981
Automotive Battery Grid India 1981
Method of manufacturing lead based alloy India 1983
Method of making lead acid storage battery grid India 1986
Method of producing low antimony content tubular grid for positive electrodes of lead acid storage batteries India 1988
Design patent on 75D31R/95D31 RMF Battery (Jointly with Shinkobe) India 1998

Major developmental work[edit]

Some of the major development work done at the R&D Centre and viewed at a glance is as follows:

  • Automotive & tractor batteries as per Indian standards to suit tropical conditions
  • Japanese range of automotive and motorbike batteries
  • DIN range of automotive batteries suited to vehicles of European origin
  • Development of submarine batteries
  • Development of special type of poly-ethylene separators for varying applications
  • Valve Regulated Lead Acid (VRLA) batteries for telecommunication & railway applications
  • Motive Power Batteries for fork-lift trucks & golf carts
  • High energy density battery for electric vehicles
  • Plant batteries for power stations
  • Furthermore, long-life, maintenance-free batteries for cars have also been developed which are presently being marketed under the brand name Exide Eternity
  • Also a new heavy duty, MHD range of batteries have been developed and introduced for the entire commercial range of vehicles. Batteries were also developed for CNG/LPG powered three-wheelers and golf carts
  • A range of batteries for industrial application including new batteries for telecom, solar, traction and small VRLA for UPS system was also developed

Major research projects[edit]

  • Development of lead based alloy for battery grids
  • Development of a variety of maintenance free batteries for automotive and motorbike applications
  • Development of re-combination type maintenance free batteries (VRLA)
  • Development of ultra-low maintenance batteries / cells for solar applications
  • Development of special batteries for electric vehicle applications.

Research projects on Anvil[edit]

  • Development of lead free Piezoelectric storage cans
  • Development of supercapacitors using carbon nanotubes
  • Development of conducting polymers
  • Development of solar storing and wind energy hybrid wind mill
  • Recycling of garbage dumped batteries and recovery of surface metal and reuse of charge chemicals.
  • Development of long life battery for space applications formidable against cosmic radiations.

Milestones[edit]

1916- Chloride Electric Storage Co. (CESCO) UK sets up trading operations in India as an import house.
1946- First factory set up in Shamnagar, West Bengal.
1947- Incorporated as Associated Battery Makers (Eastern) Limited on 31 January 1947 under the Companies Act.
1947- Incorporated Chloride International Limited (previously Exide Products Limited)
1969- Second factory at Chinchwad, Pune
1972- The name of the Company was changed to Chloride India Limited
1976- R&D Centre established at Calcutta
1981- Third factory at Haldia, West Bengal
1988- The name of the Company was changed to Chloride Industries Limited
1994- Technical collaboration with Shin Kobe Electric Machinery Co. Ltd. of Japan, a subsidiary of the Hitachi Group.
1995- Chloride Industries Limited renamed Exide Industries Limited
1997- Fourth factory at Hosur, Tamil Nadu
1998- Acquisition of industrial/ manufacturing units of Standard Batteries Ltd located at Taloja & Kanjurmarg (Maharashtra), Guindy (Tamil Nadu) and plant at Ahmednagar (Maharashtra) from Cosepa Fiscal Industries Limited as a going concern.
1999- Acquired 51% Shareholding in Caldyne Automatics Ltd
2000- Acquisition of 100% stake in Chloride Batteries S E Asia Pte Ltd., Singapore and 49% stake in Associated Battery Manufacturers (Ceylon) Limited, Sri Lanka.
2003- Commissioned plant at Bawal, Haryana
2003- New joint venture in UK, ESPEX, with 51% holding.
2004- Associated Battery Manufacturers (Ceylon) Limited, Sri Lanka became a subsidiary consequent to acquiring further 12.50% Equity holding.
2005- Investment in 50% shareholding of ING Vysya Life Insurance Company Limited
2007- Caldyne Automatics Ltd becomes 100% subsidiary consequent to acquiring the balance 49% shareholding.
2007- Investment with 26% shareholding.in CEIL Motive Power Pty Ltd. A Joint Venture in Australia.
2007- Acquired 100% stake in Tandon Metals Ltd.
2008- Acquired 51% stake in Lead Age Alloys India Ltd.
2009- Divestment of shareholding in CEIL Motive Power Pty Ltd.
2012- Acquisition of Inverter manufacturing facility at Roorkee, Uttarakhand
2012- Technical Collaboration with East Penn Manufacturing Co., USA
2012- Acquisition of second Inverter manufacturing facility at Haridwar, Uttarakhand.
2012- Acquisition of balance 49% shares in ESPEX Batteries Limited, UK.
2013- Acquisition of 26% shares of ING Vysya Life Insurance Company adding a total of 100% stake leading to "Exide Life Insurance Company".

Brands of Exide[edit]

  • CHLORIDE
  • SF SONIC
  • JUPITER
  • CONREX
  • DYNEX
  • CHAMPION
  • LITTLE CHAMP
  • BOSS
  • Hart
  • DYNEX
  • ₨IB BATTER
  • ₨BOSS
  • ₨MREAD
  • ₨XP
  • ₨T25

Subsidiaries[edit]

  • Associated Battery Manufacturers (Ceylon) Limited ("ABML")
  • Espex Batteries Limited ("ESP180EX")
  • Chloride Batteries S E Asia Pte Limited ("CBSEA")
  • Chloride Alloys India Limited (Leadage)
  • Chloride Metals Limited ("TML")
  • Caldyne Automatics Limited ("Caldyne")
  • Chloride International Limited ("CIL") hart
  • Dynex

References[edit]

  1. ^ https://bestmediainfo.com/2017/04/rediffusion-yrs-uttio-majumdar-to-join-exide-as-cmo/
  2. ^ Rajan Raheja group (9 October 2009). "RRG advertisement" (PDF). rahejaqbe.com. Retrieved 24 July 2018.
  3. ^ "SB Raheja, Parekh exit Exide Board". thehindubusinessline.com. 28 May 2014.
  4. ^ https://investingnews.com/daily/resource-investing/base-metals-investing/lead-investing/3-companies-that-make-and-recycle-batteries/
  5. ^ https://investingnews.com/daily/resource-investing/base-metals-investing/lead-investing/3-companies-that-make-and-recycle-batteries/
  6. ^ "Exide Industries". Business.mapsofindia.com. Retrieved 1 December 2010.
  7. ^ Saha, Manojit (23 January 2013). "Exide to buy out partners' stake in ING Vysya Life for Rs 550 cr". Business Standard India. Retrieved 30 October 2017.
  8. ^ Kulkarni, Mahesh (6 May 2014). "ING Vysya Life renamed as Exide Life Insurance". Business Standard India. Retrieved 30 October 2017.
  9. ^ "Exide Technologies vs Exide Industries Ltd. And Ors. on 2 August, 2016". Retrieved 9 July 2019.
  10. ^ "Exide Industries Limited vs. Exide Corporation, U.S.A. & Ors".