Havells

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Havells India Limited
TypePublic
ISININE176B01034
Industry
Founded1958; 65 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 13,940 crore (US$1.7 billion) (FY22)[3]
Increase 1,500.96 crore (US$190 million) (FY22)[3]
Increase 1,196.47 crore (US$150 million) (FY22)[3]
Total assetsDecrease 7,073 crore (US$890 million) (2020)[3]
Total equityDecrease 4,248 crore (US$530 million) (2020)[3]
Number of employees
5,781 (2020)[3]
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 India owns some brands like Havells, Lloyd, Crabtree, Standard Electric, Reo and Promptech.

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.[4][5] As of 2016, it has 11 manufacturing plants in India located at Haridwar, Baddi, Noida, Faridabad, Alwar, Neemrana, and Bengaluru.[6] 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.[7]

Acquisitions[edit]

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] The latest acquisition of Lloyd Electricals has marked its entry in new segments of consumer electronics.

Social initiatives[edit]

Havells provides mid-day meals for school children in Alwar district, covering 50,000 students per day.[9] This has greatly increased the number of children attending school regularly and also alleviates hunger. Besides this, the company has acquired land for constructing a larger kitchen with all the modern facilities to serve freshly cooked food to 50,000 students in the area.

References[edit]

  1. ^ "1958". Retrieved 19 May 2016.
  2. ^ "Annual Report 2016-17" (PDF). Havells. 6 November 2017. Retrieved 6 November 2017.
  3. ^ a b c d e f "Havells India Ltd. Financial Statements". moneycontrol.com.
  4. ^ "Havells Industrial on an overdrive and launches a product lounge on wheels". Engineering Review. Archived from the original on 25 April 2012.
  5. ^ "About Havells India Limited". Havells. Retrieved 19 May 2016.
  6. ^ Singh, A. "Havells Press Kit". www.havells.com. Havells India Ltd. Retrieved 1 November 2013.
  7. ^ "India's Most Trusted Brands 2014" (PDF).
  8. ^ "How a smart turnaround strategy helped Havells to make a comeback". Retrieved 19 May 2016.
  9. ^ "Havells India Ltd". The Times of India.

External Links[edit]