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{{short description|Indian electrical equipment manufacturer}}
{{New unreviewed article|source=ArticleWizard|date=November 2009}}
{{Use Indian English|date=May 2019}}

{{Use dmy dates|date=March 2023}}
{{Infobox company
{{Infobox company
| company_name = Havells
| name = Havells India Limited
| logo = Havells Logo.svg
| company_logo = [[
| type = [[Public company|Public]]
<gallery>
| traded_as = {{plainlist|
Image:Display-Picture-fb.jpg|Havells logo
*{{BSE|517354}}
</gallery>]]
*{{NSE|HAVELLS}}}}
| founder = Qimat Rai Gupta
| ISIN = INE176B01034
| foundation = 1958 in [[Delhi]], [[India]]
| Headquaters = [[Noida]]
| industry = {{plainlist|
*[[Electrical equipment]]
| Branches = 91
*[[Home appliances]]}}
| products = Electrical equipments<br>Power Distribution Equipments
| founder = [[Qimat Rai Gupta]]
|divisions = Lighting Sector, Power Distribution Sector
| key_people = [[Anil Rai Gupta]] <br /> {{small|(Chairman & [[Managing Director|MD]])}}<ref name="HavellsAnnualReport">{{cite web|url=http://www.havells.com/content/dam/havells/annual_reports/2016-2017/Havells%20AR%202016-17.pdf| title=Annual Report 2016-17 | publisher= Havells. | date=6 November 2017 | access-date= 6 November 2017}}</ref>
| homepage = [http://www.havells.com/ Havells.com]
| products = Fast Moving Electrical Goods
| revenue = {{up}} {{INRConvert|18839|c}} (FY24)<ref name="fy23"/>
| net_income = {{up}} {{INRConvert|1271|c}} (FY24)<ref name="fy23">{{cite news |title=Havells Q4 results {{!}} Net profit at Rs 358 crore, beats estimates |url=https://www.havells.com/HavellsProductImages/HavellsIndia/Content/pdf/About-Havells/Investor-Relations/Financials/Quaterly-Results/2023-2024/Quarter4/Published_Results_Q4_FY24.pdf |access-date=3 May 2024 |language=en}}</ref>
| num_employees = 5,781 (2020)<ref name="Financials">{{cite web|url=https://www.moneycontrol.com/india/stockpricequote/electricequipment/havellsindia/HI01|title=Havells India Ltd. Financial Statements |website=moneycontrol.com}}</ref>
| divisions = {{plainlist|
*[[Electric motor|LV Motor]]s
*[[Home appliance|Home applications]]
*[[List of cooking appliances|Kitchen appliances]]
*[[Lighting]]
*[[Switchgear|Consumer and industrial switchgear]]
*[[Electrical cable|Cables]] and [[wire]]s
*[[Electrical equipment]]}}
| website = {{URL|www.havells.com}}
| foundation = {{Start date and age|1958}}<ref>{{cite web|url=http://www.havells.com/en/aboutus/Milestones.html|title=1958|access-date=19 May 2016}}</ref>
| location = [[Noida]], [[Uttar Pradesh]], India
| area_served = Worldwide
}}
}}
Havells India Ltd is a billion-dollar-plus organization with products ranging from Industrial & Domestic Circuit Protection Switchgear, Cables & Wires, Motors, Fans, Power Capacitors, CFL Lamps, and Luminaries for Domestic, Commercial & Industrial applications, Modular Switches & Bath fittings covering household, commercial and industrial electrical needs.

Havells owns global brands like Crabtree, Sylvania, Concord, Luminance, Linolite & SLI Lighting. Havells has 91 branches / representative offices and over 8000 professionals in over 50 countries across the globe. Its 7 state-of-the-art manufacturing plants in India are located at Haridwar, Baddi, Noida, Faridabad, Alwar, Neemrana, and 8 manufacturing plants are located across Europe, Latin America & Africa. It has a 20,000 strong global distribution network

The essence of Havells success lies in the expertise of its fine team of professionals, strong relationships with associates and the ability to adapt quickly and efficiently, with the vision to always think ahead.

== History ==

'''1958''': Commenced trading operations in Delhi<br />
'''1971''': Bought HAVELLS Brand<br />
'''1976''': Set up the first manufacturing plant for Rewireable Switches and Changeover Switches at Kirti Nagar, Delhi. <br />
'''1979''': Set up a manufacturing plant for HBC Fuses at Badli, Delhi.<br />
'''1980''': Started manufacturing high quality Energy Meters at Tilak Nagar, Delhi. <br />
'''1983''': Acquired Towers and Transformers Ltd. and turned it into a profitably manufacturing Energy Meters Company in one year. <br />
'''1987''': Started manufacturing MCBs at Badli, Delhi in a Joint Venture with Geyer, Germany. <br />
'''1990''': Set up a manufacturing plant at Sahibabad, UP for Changeover Switches. <br />
'''1993''': Set up another manufacturing plant at Faridabad, Haryana for Control Gear Products. <br />
'''1996''': Acquired a manufacturing plant at Alwar, Rajasthan for Power Cables & Wires.<br />
Entered into a Joint Venture with Electrium, UK for manufacturing Dorman Smith MCCBs and Crabtree Modular Plate Switches. <br />
'''1997''': Acquired Electric Control & Switchboards at NOIDA for manufacturing customized packaged solutions.<br />
'''1998''': Introduced high-end Ferraris Meters in Joint Venture with DZG, Germany.<br />
'''2000''': Acquired controlling stake in Duke Arnics Electronics (P) Limited engaged in manufacturing of Electronic Meters-Single Phase, Three Phase, Multi Function, Tri-Vectors. <br />
Acquired controlling interest in an industry major-Standard Electricals Ltd. <br />
'''2001''': Acquired business of Havells Industries Ltd, MCCB of Crabtree India Limited and merged ECS Limited in the company to consolidate its area of core competence.<br />
'''2002''': Standard Electrical Company becomes a 100% Subsidiary of the company <br />
Attained the IEC certification for Industrial switchgear and CSA certification for all manufacturing plants. <br />
'''2003''': Set up manufacturing plant at Baddi (H.P.) for manufacturing of Domestic Switchgear. <br />
Set up a manufacturing plant for manufacturing of CFL at existing manufacturing plant in Faridabad, Haryana.<br />
'''2004''': Set up a manufacturing plant for manufacturing of Ceiling Fans at Noida, UP.<br />
Set-up their own marketing office in London through their wholly owned subsidiary company Havells U.K. Ltd. <br />
In December 2004, placed 235 fully convertible debentures of Rs. 10 lakhs on M/s. Shine Ltd., Mauritius and the debenture got converted in June, 2006 Attained the CE certificate for CFLs. <br />
'''2005''': Set up manufacturing plant in Haridwar, Uttaranchal for manufacturing Fans. <br />
Awarded the KEMA certification by The Dutch Council for Accreditation, making QRG the only group to attain this certification. <br />
Set up of R&D Center in Noida H.O. <br />
'''2006''': Crabtree India merged with Havells India. <br />
Added CFL production unit in Haridwar manufacturing plant. <br />
Expansion at Alwar manufacturing plant for increase of production capacity. <br />
Expansion at Baddi manufacturing plant and set-up of an Export Oriented Unit.<br />
'''2006''': First Company to get the ISI Certification for complete range of CFLs. <br />
Started mid-day meal program at Alwar, Rajasthan caters to 10,000 students from 77 schools. <br />
'''2007''': Set-up of Capacitor manufacturing plant in Noida, UP with the capacity of 6, 00,000 KVAr per month. <br />
Acquired the Lighting business of a Frankfurt based company "Sylvania", a global leader in lighting business and now the company's turnover crosses US$ 1 Billion. <br />

== Havells Sylvania ==

'''Havells''' at that time was best known for its electrical switches, energy meters and miniature circuit breakers (MCBs), while SLI Sylvania was a renowned yet under-leveraged European lamps and fixtures brand. In March 2007, Havells acquired SLI Sylvania of Netherlands for $300 Million, making it the fourth largest lighting business in the world, worth over a billion USD! <br />This was, at that time, the biggest overseas takeover by an Indian Electrical equipment manufacturer. This takeover helped take the Havells brand to over 20,000 dealers across Latin America, Europe, Asia and Africa. It instantly catapulted Havells-Sylvania into the billion-dollar league (in terms of combined turnover), with more than 60% of its revenues being contributed by international markets.<br /> Havells’ portfolio of prestigious global brands now includes '''Crabtree, Sylvania, Concord, Luminance, Linolite & SLI Lighting.'''

== Qimat Rai's Profile ==

Mr. '''Qimat Rai Gupta''' is the Founder '''Chairman and Managing Director''' of Havells India Ltd.
In the summer of 1958, a 21-year-old school teacher traded education for entrepreneurship in the electric wholesale market in Old Delhi. Driven more than by the economic necessity of helping his family, Qimat Rai Gupta swapped the security of a classroom in Punjab for the uncharted waters of a small trading company selling fixtures and electric cable to businesses in and around Delhi. With an investment of Rs.10000, he started '''“Guptajee”'''. His leadership and vision led him to create QRG Enterprises as one of the players in the power distribution equipment industry as well as make its mark on the global space.

His belief in team work, implementation of the decisions, communication and transparency through ethical values, business integrity and technological expertise have made the QRG group and especially Havells India Ltd the largest player low voltage power distribution equipment industry in India and a name to reckon within the global market.

The company’s phenomenal success over the years has been due to Mr. Qimat Rai Gupta’s mantra, '''“Growth through quality, innovation and market consolidation"'''. His focus on research and development has enabled Havells develop products for consumers that offer great value. His constant emphasis on promoting '''energy conservation''' and '''environmental preservation''' coupled with his philanthropic service to the economically weaker section of the society is his way of giving back in return to the society that has helped this organization realize its true potential.


== Products ==

• '''Building Circuit Protection'''<br />
o Miniature Circuit Breaker (MCB)<br />
o Isolator<br />
o Changeover Switch<br />
o Residual Current Circuit Breaker (RCCB)<br />
o RCBO<br />
o Distribution Board (DB)<br />
o Indicator Light<br />

• '''Industrial Circuit Protection'''<br />
o Air Circuit Breaker<br />
o MCCB<br />
o Panel Board system<br />
o Changeover Switch<br />
o By-pass Changeover Switch<br />
o Load Changeover Switch<br />
o Automatic Transfer Switch<br />
o Switch Disconnector<br />
o Control Gear<br />
o Switch Disconnector Fuse<br />
o Fuse Switch and Switch Fuse<br />
o Chamber System<br />
o Fuse Holder<br />
o Nylon Fuse Base<br />
o Fuse Link and Fuse Base<br />

• '''Motors'''<br />
o Foot Mounting<br />
o Flange Motor<br />
o Foot Cum Flange<br />
o Inverter Duty Motors with Forced Cooling<br />
o Crane Duty Motors<br />
o Brake Motors<br />

• Capacitors<br />
o Normal Duty<br />
o Heavy Duty<br />
o Super Heavy Duty<br />
o Agriculture Duty<br />
o Motor Run Capacitors<br />

• '''Lighting'''<br />
o LED Lighting<br />
o Consumer Lighting<br />
o Commercial Lighting<br />
o Down Lighter<br />
o Landscape – Bunker Lighting<br />
o Industrial Lighting<br />
o Area Lighting<br />
o Road Lighting<br />
o Specialty Lamps<br />
o Accessories<br />
o Aura Lighting<br />

• '''CFL'''<br />
o Retrofit<br />
o Non Retrofit<br />
o Higher Range<br />
o Liliput<br />
o FPL<br />

• '''Fans'''<br />
o Ceiling Fans<br />
o Table Fans<br />
o Wall Mounting Fans<br />
o Pedestal Fans<br />
o Air Circulator Fans<br />
o Ventilating Fans<br />

• '''Modular Plate Switches'''<br />
o Havells Modular Switches<br />
o Crabtree Modular Switches<br />

• '''Cables and Wires'''<br />
o Power Cables – Aluminum<br />
o Control Cables – Copper<br />
o Copper Flexible Cables<br />

• '''Digital Dimming'''<br />

• '''Bath fittings and Accessories'''<br />

• '''Manufacturing Units'''<br />


== Corporate ==

The '''QRG Group''' defines corporate governance strategically, which encompasses not only what Havells does as a company with their profits, but also how they make them. It goes beyond philanthropy and compliance and addresses how the company manages its economic, social, and environmental impacts, as well as its relationships in all key spheres of influence: the workplace, the marketplace, the supply chain, the community, and the public policy realm.
Havells as a company has been in the lead in offering a portfolio of eco responsible products and services that deliver powerful, sustainable, energy-efficient solutions that do not compromise on capacity and security. Their eco responsibility initiative also focuses on how they run their business, and includes efforts to develop an '''alternative-energy strategy''', and thus reduce the environmental impact of their operations. They are committed to managing a responsible and diverse supply chain that is consistent with their high standards for environmental and business practices.
Breaking down the barriers that constrain innovation Havells have readily embraced challenges right from the start. Their ability to build communities and promote the exchange of ideas through assistive technologies, participation programs, and standardization is transforming the way people experience their products. They offer the customers holistic energy-efficient solutions, enabling them to not only save money and protect their capital investment, but also lower their energy usage and protect the environment, thus fulfilling their CSR responsibility of sustenance of depleting environmental resources.

== Corporate Social Responsibility ==

While it acquires companies and builds internally, QRG Group never loses sight of its responsibility as a good corporate citizen. QRG believes that serving people with meager or no means is the duty of every well-to-do person. It consistently puts that philosophy into action and has initiated several projects for social causes. This has greatly increased the number of children attending school regularly and also alleviates hunger.
Corporate Social Responsibility (CSR) at QRG portrays the deep symbiotic relationship that the group enjoys with the communities it is engaged with. As a responsible corporate citizen, they try to contribute to social and environmental causes on a regular basis.

Havells contributes to socially responsible activities, like providing '''mid-day meal''' in government schools in Alwar district, covering 15000 students per day. Besides this the company has acquired land for constructing a l'''arger kitchen with all the modern facilities''' to serve freshly cooked food to 50000 students in the area.
Havells runs a '''mobile Medical Van,''' equipped with a trained doctor and necessary medicines in the rural areas of '''Delhi & NCR''' for the very poor and needy villagers. They have also set up '''free medical check-up camps'''. In the past, the company has also contributed to the society during various national calamities like the Bihar Flood, Tsunami and Kargil National Relief Fund etc.



'''Havells India Limited''' is an Indian [[Multinational corporation|multinational]] [[electrical equipment]] company, based in [[Noida]]. The company manufactures [[home appliances]], [[lighting]] for domestic, commercial and industrial applications, [[LED lighting]], [[fan (machine)|fans]], modular switches and wiring accessories, [[water heater]]s, industrial and domestic circuit protection switchgear, industrial and domestic [[Electrical cable|cable]]s and [[wire]]s, [[induction motor]]s, and [[capacitor]]s among others. Havells owns brands like Havells, Lloyd, Crabtree, Standard Electric, Reo and Promptec.
== Key Clients ==


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]].<ref>{{cite magazine |magazine=Engineering Review |title=Havells Industrial on an overdrive and launches a product lounge on wheels |url=http://www.engrreview.com/Editorial_pages/2011/09_sep11/ER1109_corp-news_13.html |archive-url=https://web.archive.org/web/20120425080524/http://www.engrreview.com/Editorial_pages/2011/09_sep11/ER1109_corp-news_13.html |archive-date=2012-04-25}}</ref><ref>{{cite web|url=http://www.havells.com/en/aboutus.html|title=About Havells India Limited |website=Havells |access-date=19 May 2016}}</ref> As of 2016, it has 11 manufacturing plants in [[India]] located at [[Haridwar]], [[Baddi]], [[Noida]], [[Faridabad]], [[Alwar]], [[Neemrana]], and [[Bengaluru]].<ref>{{cite web|last=Singh|first=A|title=Havells Press Kit|url=http://www.havells.com/en/press-release/media-kit.html|work=havells.com|publisher=Havells India Ltd|access-date=1 November 2013}}</ref>
• Bharti Airtel Limited <br />
• Airport Authority of India<br />
• Ansal<br />
• DLF Limited<br />
• Eros Group<br />
• ICICI Prudential<br />
• Idea<br />
• Infosys<br />
• LT<br />
• Maha Genco<br />
• Parsvnath<br />
• Reliance Telecom<br />
• Reliance Industries Limited<br />
• TATA Consultancy Services<br />
• Unitech<br />
• Vodafone<br />
• W.B. Power Corporation<br />
• Cafe Coffee Day<br />
• Apgenco<br />
• BHEL<br />
• BPTP<br />
• BRP<br />
• BSNL<br />
• Chandigarh Police<br />
• Concor<br />
• DELPHI<br />
• AREVA<br />
• Indian Railways<br />
• Mumbai Municipal<br />
• DDA<br />
• Air India<br />
• Apollo Cancer Hospital<br />
• Avon Cranes Ltd.<br />
• Nuclear Power Corpn. Ltd.<br />
• Bharat Heavy Electricals Ltd.<br />
• Sail<br />
• C.P.W.D.<br />
• Canara Bank<br />
• Best<br />
• System Powergear<br />
• Control Devices<br />
• Diebold Systems Pvt. Ltd.<br />
• Eastern Railway<br />
• Eicher Tractor Ltd.<br />
• Flex Industries Ltd.<br />
• Gas Authority of India<br />
• GVR Electro Techniques<br />
• Hindalco<br />
• Maruti Udyog Ltd.<br />
• Delhi Metro Rail Corporation<br />
• Mindspace<br />
• Rail Coach Factory<br />
• North Eastern Railways<br />
• Rado Industries Ltd.<br />
• NTPC<br />
• Permanent Magnet Ltd<br />
• Q.H. Tal Bros. Ltd.<br />
• Tisco<br />
• DRDO<br />
• Atul Auto Ltd.<br />
• Ashok Leyland Ltd.<br />
• Bharat Aluminium Co.<br />
• Australia Government<br />
• Bharat Coking Coal<br />
• Vizag Steel Plant<br />
• BMC<br />
• Vishal Retail Pvt. Ltd.<br />
• The Hindu<br />
• E.P.D.P. Housing Society<br />
• Reliance Energy Ltd.<br />
• H.P.C.L.<br />
• HCl<br />
• Highway Cycle Ltd. (Hero Group)<br />
• Hindustan Lever Ltd.<br />
• I.C.F<br />
• Indian Institute of Technology<br />
• Indian Oil Corporation<br />
• Integral Coach Factory<br />
• Kirloskar Brothers Ltd.<br />
• M.E.S.<br />
• Maharashtra State Electricity Board<br />
• Maheshwari Electrical Mfrs. Pvt. Ltd.<br />
• Mahindra & Mahindra Ltd<br />
• Raj Industries<br />
• Nest Foundation<br />
• Northern Coalfields Ltd.<br />


==History==
== Retail Initiatives ==
In 1958, [[Qimat Rai Gupta]] moved from [[Malerkotla]] to [[Old Delhi]], where he set up an electrical equipment trading shop. In 1971, Haveli Ram Gandhi sold his [[switchgear]] company–Havells–to Gupta, who was his distributor at the time. The company subsequently entered other product segments such as cables, lightings, appliances, fans and geysers.<ref>{{cite news |last1=Bhandari |first1=Bhupesh |title=The unsung billionaire |url=http://www.business-standard.com/article/opinion/bhupesh-bhandari-the-unsung-billionaire-114112001358_1.html |access-date=22 November 2024 |work=Business Standard |date=20 November 2014 |archive-url=https://web.archive.org/web/20141124060714/http://www.business-standard.com/article/opinion/bhupesh-bhandari-the-unsung-billionaire-114112001358_1.html |archive-date=24 November 2014}}</ref>


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.<ref>{{cite news |last1=Jha |first1=Mayur Shekhar |title=New lifestyle: Havell's India acquires Crabtree |url=https://economictimes.indiatimes.com/new-lifestyle-havells-india-acquires-crabtree/articleshow/1306202.cms |access-date=7 March 2023 |work=The Economic Times |date=24 November 2005}}</ref><ref>{{cite web|url=http://www.businesstoday.in/magazine/case-study/smart-turnaround-strategy-helped-havells/story/197235.html|title=How a smart turnaround strategy helped Havells to make a comeback|date=August 2013 |access-date=19 May 2016}}</ref> In 2007, Havells acquired European lighting company [[Havells Sylvania|Sylvania]] for about €200 million.<ref>{{cite news |title=SLI Sylvania's lighting biz to give yields from 2010: Havells |url=https://economictimes.indiatimes.com/industry/cons-products/electronics/sli-sylvanias-lighting-biz-to-give-yields-from-2010-havells/articleshow/5363091.cms |access-date=7 March 2023 |work=The Economic Times |date=21 December 2009}}</ref><ref>{{cite news |title=When Havells Bought Sylvania |url=https://www.forbes.com/2010/08/26/forbes-india-havells-managed-sylvania-acquisition.html |access-date=7 March 2023 |work=Forbes |language=en}}</ref> In 2010, Havells introduced [[ceramic metal-halide lamp]].<ref>{{cite news| url=http://economictimes.indiatimes.com/industry/cons-products/electronics/havells-india-eyes-acquisitions-in-china-asean-latin-america/articleshow/5607993.cms | title=Havells India looks for acquisitions in China, Africa | date=23 February 2010 | work=The Economic Times}}</ref>
The company has been promoting its brand through sponsorship of Cricket events like Champions Trophy, Champions League, IPL Season 2, IPL Season1, T20 World Cup. The company has also taken the initiative to reach directly to the consumers through '''"Havells Galaxy" – a one stop shop for all electrical and lighting needs.''' This is yet another initiative by Havells targeted at '''end-users, architects and Consultants, to showcase Havells products.'''
The Galaxy symbolizes Havells innovative leadership position in the Electrical and Power Distribution equipment market. It serves to provide an array of electrical appliances and consumer products, all created to adhere to the demands of modern living. The products they offer combine the attributes of '''elegance, technological advancement and convenience''' all in one.


In April 2015, Havells acquired a 51% majority stake in Promptec Renewable<ref>{{cite news |title=Havells acquires controlling stake in Promptec |url=https://www.businesstoday.in/latest/corporate/story/havells-acquires-controlling-stake-in-promptec-50412-2015-04-20 |access-date=7 March 2023 |work=Business Today |date=20 April 2015 |language=en}}</ref> 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 {{INRConvert|1070|c|year=2015|mode=historical}}<ref>{{cite news |title=Havells India to sell 80% stake in subsidiaries for ₹1,070 cr |url=https://www.thehindubusinessline.com/companies/havells-india-to-sell-80-stake-in-subsidiaries-for-1070-cr/article64351454.ece |access-date=7 March 2023 |work=Business Line |date=10 December 2015 |language=en}}</ref> and sold the remaining 20% two years later.<ref>{{cite news |title=Havells: The big switch |url=https://www.fortuneindia.com/enterprise/havells-the-big-switch/102027 |access-date=7 March 2023 |work=Fortune India |language=en}}</ref> In February 2017, it acquired the consumer durables business of Lloyd Electricals at an [[enterprise value]] of {{INRConvert|1600|c|year=2017|mode=historical}}.<ref>{{cite news |last1=Shyam |first1=Ashutosh R. |last2=Barman |first2=Arijit |title=Havells acquires consumer biz of Lloyd Electric for Rs 1600 cr |url=https://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/havells-acquires-consumer-biz-of-lloyd-electric-for-rs-1600-cr/articleshow/57233192.cms |access-date=7 March 2023 |work=The Economic Times |date=19 February 2017}}</ref>
==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.<ref>{{Cite web|url = http://www.trustadvisory.info/pdf/BTR2015_categorywise.compressed.pdf|title = India's Most Trusted Brands 2014|access-date = 21 December 2016|archive-date = 7 December 2016|archive-url = https://web.archive.org/web/20161207080858/http://trustadvisory.info/pdf/BTR2015_categorywise.compressed.pdf|url-status = dead}}</ref>


== References ==
==References==
<!--- See [[Wikipedia:Footnotes]] on how to create references using <ref></ref> tags which will then appear here automatically -->
{{Reflist}}
{{Reflist}}


== External links ==
==External links==
*[http://www.havells.com/ The Havells Website]
*{{url|www.havells.com|Official site}}


{{Nifty 200 companies}}


[[Category:Electrical wiring and construction supplies manufacturers]]
<!--- Categories --->
[[Category:Articles created via the Article Wizard]]
[[Category:Electrical equipment manufacturers]]
[[Category:Manufacturing companies based in Noida]]
[[Category:Electronics companies established in 1958]]
[[Category:Electrical engineering companies of India]]
[[Category:1958 establishments in Uttar Pradesh]]
[[Category:Wire and cable manufacturers]]
[[Category:Indian brands]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Home appliance manufacturers of India]]

Latest revision as of 09:51, 6 December 2024

Havells India Limited
Company typePublic
ISININE176B01034
Industry
Founded1958; 67 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 ₹18,839 crore (US$2.2 billion) (FY24)[3]
Increase ₹1,271 crore (US$150 million) (FY24)[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. 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

[edit]

In 1958, Qimat Rai Gupta moved from Malerkotla to Old Delhi, where he set up an electrical equipment trading shop. In 1971, Haveli Ram Gandhi sold his switchgear company–Havells–to Gupta, who was his distributor at the time. The company subsequently entered other product segments such as cables, lightings, appliances, fans and geysers.[8]

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.[9][10] In 2007, Havells acquired European lighting company Sylvania for about €200 million.[11][12] In 2010, Havells introduced ceramic metal-halide lamp.[13]

In April 2015, Havells acquired a 51% majority stake in Promptec Renewable[14] 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)[15] and sold the remaining 20% two years later.[16] In February 2017, it acquired the consumer durables business of Lloyd Electricals at an enterprise value of ₹1,600 crore (US$245.69 million).[17]

Recognition

[edit]

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.[18]

References

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  1. ^ "1958". Retrieved 19 May 2016.
  2. ^ "Annual Report 2016-17" (PDF). Havells. 6 November 2017. Retrieved 6 November 2017.
  3. ^ a b "Havells Q4 results | Net profit at Rs 358 crore, beats estimates" (PDF). Retrieved 3 May 2024.
  4. ^ "Havells India Ltd. Financial Statements". moneycontrol.com.
  5. ^ "Havells Industrial on an overdrive and launches a product lounge on wheels". Engineering Review. Archived from the original on 25 April 2012.
  6. ^ "About Havells India Limited". Havells. Retrieved 19 May 2016.
  7. ^ Singh, A. "Havells Press Kit". havells.com. Havells India Ltd. Retrieved 1 November 2013.
  8. ^ Bhandari, Bhupesh (20 November 2014). "The unsung billionaire". Business Standard. Archived from the original on 24 November 2014. Retrieved 22 November 2024.
  9. ^ Jha, Mayur Shekhar (24 November 2005). "New lifestyle: Havell's India acquires Crabtree". The Economic Times. Retrieved 7 March 2023.
  10. ^ "How a smart turnaround strategy helped Havells to make a comeback". August 2013. Retrieved 19 May 2016.
  11. ^ "SLI Sylvania's lighting biz to give yields from 2010: Havells". The Economic Times. 21 December 2009. Retrieved 7 March 2023.
  12. ^ "When Havells Bought Sylvania". Forbes. Retrieved 7 March 2023.
  13. ^ "Havells India looks for acquisitions in China, Africa". The Economic Times. 23 February 2010.
  14. ^ "Havells acquires controlling stake in Promptec". Business Today. 20 April 2015. Retrieved 7 March 2023.
  15. ^ "Havells India to sell 80% stake in subsidiaries for ₹1,070 cr". Business Line. 10 December 2015. Retrieved 7 March 2023.
  16. ^ "Havells: The big switch". Fortune India. Retrieved 7 March 2023.
  17. ^ Shyam, Ashutosh R.; Barman, Arijit (19 February 2017). "Havells acquires consumer biz of Lloyd Electric for Rs 1600 cr". The Economic Times. Retrieved 7 March 2023.
  18. ^ "India's Most Trusted Brands 2014" (PDF). Archived from the original (PDF) on 7 December 2016. Retrieved 21 December 2016.
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