Havells
Indian electrical equipment manufacturer From Wikipedia, the free encyclopedia
Indian electrical equipment manufacturer From Wikipedia, the free encyclopedia
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.
| |
| Company type | Public |
|---|---|
| ISIN | INE176B01034 |
| Industry | |
| Founded | 1958[1] |
| Founder | Qimat Rai Gupta |
| Headquarters | Noida, Uttar Pradesh, India |
Area served | Worldwide |
Key people | Anil Rai Gupta (Chairman & MD)[2] |
| Products | Fast Moving Electrical Goods |
| Revenue |  ₹18,839 crore (US$2.3 billion) (FY24)[3] |
| ₹1,271 crore (US$150 million) (FY24)[3] | |
Number of employees | 5,781 (2020)[4] |
| Divisions | |
| Website | www |
The company has 23 branches or Substitutes 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]
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 (US$166.79 million)[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 (US$245.69 million).[16]
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]
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