2405:201:D002:39CC:CCB0:C992:6EB7:61C at 07:50, 5 July 2021

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{{short description|Indian electrical equipment company}}
{{Use Indian English|date=May 2019}}
{{Use dmy dates|date=March 2013}}
{{Infobox company
| name = Havells India Limited
| logo = Havells Logo.svg
| type = [[Public]]
| traded_as = {{BSE|517354}}<br/>{{NSE|HAVELLS}}
| industry = [[Electrical equipment]]
| founder = [[Qimat Rai Gupta]]
| 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>
| products = Fast Moving Electrical Goods
| revenue = {{decrease}} {{INRConvert|9553|c}} (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>
| operating_income = {{decrease}} {{INRConvert|924|c}} (2020)<ref name="Financials"/>
| net_income = {{decrease}} {{INRConvert|735|c}} (2020)<ref name="Financials"/>
| assets = {{decrease}} {{INRConvert|7073|c}} (2020)<ref name="Financials"/>
| equity = {{decrease}} {{INRConvert|4248|c}} (2020)<ref name="Financials"/>
| num_employees = 5,781 (2020)<ref name="Financials"/>
| 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 = 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 Limited''' is an Indian [[electrical equipment]] company based in [[Noida]]. In business since 1958, the company has products ranging from home and kitchen 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 India owns some brands like Havells, Lloyd, Crabtree, Standard Electric, Reo and Promptech.

The company has 23 branches / representative offices with over 6,000 workers in over 50 countries. India's first Lloyd's exclusive outlet is acquired by businessman Mr. Rajan Bansal. The store is situated in western part of New Delhi, Paschim Vihar.<ref>{{cite web|last=Review|first=Engineering|title=Havells Industrial on an overdrive and launches a product lounge on wheels}}</ref><ref>{{cite web|url=http://www.havells.com/en/aboutus.html|title=^|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=www.havells.com|publisher=Havells India Ltd|access-date=1 November 2013}}</ref> In 2014, Havells was listed 125th among 1200 of India's most trusted brands according to the [[The Brand Trust Report|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}}</ref>

==History==



===Establishment and early history===

In 1958, [[Qimat Rai Gupta]] dropped out of school and founded an electric trading operation in the electric wholesale market of [[Old Delhi]]. With an investment of Rs.10,000, he started Havell's Industries.<ref>{{cite web|last=Mark|first=Ezine|title=Havells|url=http://www.havells.com/en/aboutus/Milestones.html}}</ref> In 1971, Gupta bought Havells brand from Haveli Ram Gandhi, and in next five years he started the first manufacturing plant at Tilak Nagar, [[New Delhi]] of the Rewireable Switches and Changeover Switches in his Kirti Nagar Plant, near [[New Delhi]]. In next few years, Havells started to set up manufacturing of the energy metres. Later, it acquired Towers and Transformers Ltd. and turned it into a profitable manufacturing energy meters company in one year.{{citation needed|date=January 2012}} Later, the company entered MCBs manufacturing at Badli, Delhi, in a joint venture with [[Geyer]], [[Germany]].

In 1974, the company started manufacturing of the Changeover Switches plant at [[Sahibabad]], [[Uttar Pradesh]]. In 1980, they started manufacturing Control Gear Products at their [[Faridabad]], [[Haryana]] plants. Later in the 1980s, they acquired a manufacturing plant at [[Alwar]], [[Rajasthan]] for Power Cables & Wires. In that same year, they entered into a joint venture with [[Electrium]], UK for manufacturing Dorman Smith MCCB and Crabtree modular plate switches. Acquired an electric control and switchboards at [[Noida]] for manufacturing customised packaged [[solution]]s. Introduced high-end Ferraris Meters in joint venture with DZG, Germany. Acquired controlling stake in Duke Arnics Electronics (P) Limited engaged in manufacturing of electronic metres—single-phase, three-phase, multi-function, tri-vectors and also acquired controlling interest in an industry major-Standard Electricals Ltd and also an 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.

===Global presence===

In late 1990s, Standard Electrical Company became a 100% subsidiary of the company. The company gained IEC certification for industrial switchgear and CSA certification for all manufacturing plants in 1991.{{Citation needed|date=April 2012}} Soon production started in their plant located at [[Baddi]], [[Himachal Pradesh]] for manufacturing domestic switchgear. Setting up a manufacturing plant for manufacturing of ceiling fans at [[Noida]], [[Uttar Pradesh]].

In 1999, Havell's opened their first international sales office in [[London]] through their wholly owned subsidiary company Havells U.K. Ltd. In December 2004, placed 235 fully convertible debentures of Rs.1 [[lakh]] on M/s. Shine Ltd., [[Mauritius]] and the debenture were converted in June 2006. Attained the CE certificate for CFLs. In March 2005, Havells Started the manufacturing of the Electric Fans at its plant located near [[Haridwar]], [[Uttarakhand]] and got an award for the KEMA certification by The Dutch Council for Accreditation, making QRG the only group to attain this certification in India.{{citation needed|date=January 2012}} The company started their first R&D Centre in [[Noida]]. In November 2005, Crabtree India merged with Havells [[India]] adding a CFL production unit in [[Haridwar]] manufacturing plant.

Expansion at [[Alwar]] manufacturing plant for an increase of production capacity and another expansion at the Baddi manufacturing plant and set-up of an Export Oriented Unit started in that same year. In 2006, it became one of India's first companies to get the [[ISI mark]] Certification from the [[Bureau of Indian Standards]] for a complete range of CFLs. The company is setting up new fully automatic water heater manufacturing plant in [[Neemrana]], [[Rajasthan]].

===Expansion era===

In 2007, Havells' creation of a capacitor manufacturing plant in [[Noida]], [[Uttar Pradesh]] with the capacity of 6,00,000 KVAr per month was completed. Later it acquired the lighting business of a [[Frankfurt]] based company [[Sylvania Electric Products|Sylvania]], a global leader in the lighting business and now for the first time in its history, the company's turnover exceeded US$1 billion. By 2007, Havell's were well known for its electrical switches, energy meters and miniature circuit breakers (MCBs). 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.{{Citation needed|date=April 2012}} This was, at that time, the biggest overseas takeover by an Indian electrical equipment manufacturer. This takeover helped to give the Havells brand access to over 20,000 dealers across Latin America, Europe, Asia and Africa. The combined Havells-Sylvania generated over a $1 billion in revenue with more than 60% coming from international sales.

Due to past mergers, Havells’ portfolio includes many well-known brands like Crabtree, Sylvania, Concord, Luminance, Linolite & SLI Lighting. In 2008, it became one of the first Indian CFL manufacturers to have adopted RoHS, European norms on the restriction of hazardous substances in CFLs. In October 2008, Havell's moved to its new corporate headquarters, QRG Towers located in [[Noida]]. With an investment of Rs. 50 [[crore]] in Global Centre for Research and Innovation (CRI) construction of a fully automatic plant for Havells Lafert Motors at Neemrana also started in that same year. In 2010, it acquired 100% interest in Standard Electricals to set up the world's first new generation CMH lamp plant at [[Neemrana]]. In 2012, Indian actor [[Rajesh Khanna]] endorsed Havells Fan TVC titled Havells Fans Forever.

In September 2013, Havells launched domestic pumps for the Indian market. Initially, the company plans to launch the monoblock pumps and expand the product range gradually. Monoblock pumps of Havells are being manufactured at Neemrana Motor factory using the production capacity of the unit.
<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=11 June 2012 | work=The Times Of India}}</ref>

===Sylvania Divestment===

In December 2015, Havells India Ltd. sold 80% stake in Sylvania Malta, and Havells Exim Hong Kong to Shanghai Feilo Acoustics for Rs 1,100 crore. Havells had invested Rs 980 crore in both the subsidiaries.

==Products==

* Building Circuit Protection
* Miniature Circuit Breaker
* Industrial Circuit Protection
* Motors
* Professional and Consumer Lighting
* LED Lights and Bulbs
* Small Domestic Appliances
* Air Purifiers
* Air Coolers
* Capacitors
* Ceiling Fans, Table Fans, Pedestal Fans, Wall Fans, Exhaust Fans
* Water Heaters
* Water Purifiers
* Domestic Water Pumps
* Electrical Wire Accessories
* Personal Grooming Equipment's

==Stock market==

Market Capital of Havells is 38,158 Crores (as of 8 August 2020). The shares of Havells are listed in [[Bombay Stock Exchange]] in 'A' category and is included in S&P BSE 200 Group. Promoters hold a 61% stake in the company followed by 23% FIIs. During 2011–14, the stock gave more than 300% return following its exceptional growth. Havells' major peers includes Crompton Greaves and Orient Electric.<ref>{{cite web|title=Havells India Stock Price|url=http://www.moneycontrol.com/india/stockpricequote/electric-equipment/havellsindia/HI01|website=www.moneycontrol.com|access-date=6 November 2015}}</ref>

==Marketing==

The company has promoted its brand through sponsorship of [[cricket]] events like Champions Trophy, Champions League, [[Indian Premier League|IPL]] Season 2, IPL Season 1, T20 World Cup.{{citation needed|date=February 2011}} The company also reaches consumers directly, through "Havells Galaxy" – a shop for electrical and lighting needs.

==Acquisitions==
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 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|access-date=19 May 2016}}</ref> The latest acquisition of [[Lloyd Electricals]] has marked its entry in new segments of consumer electronics.

==Social initiatives==

Havells provides mid day meal for school children in [[Alwar district]], covering 50,000 students per day.<ref>{{cite news|last=Times|first=Economic|title=Havells India Ltd.|url=http://economictimes.indiatimes.com/havells-india-ltd/directorsreport/companyid-10507.cms|work=The Times of India}}</ref> This has greatly increased the number of children attending school regularly and also alleviates hunger.<ref name="karmayog1">{{cite web|last=yog|first=Karma|title=Havells India Ltd. – Corporate Social Responsibility Activities are as follows|url=http://www.karmayog.org/csr1to500/csr1to500_20134.htm}}</ref> 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.<ref name="karmayog1"/>

The group company, QRG Healthcare runs a 140-bed hospital in [[Faridabad]]. In the past, the company has generously contributed to the society during various natural calamities like the Bihar Flood, Tsunami and Kargil National Relief Fund, etc.<ref name="havells.com">[http://www.havells.com/en/aboutus.html About the company]</ref> Havells runs a mobile Medical Van, equipped with a trained doctor and necessary medicines in the rural areas of [[Delhi]] and [[National Capital Region (India)|NCR]] for the very poor and needy villagers. The company also set up free medical check-up camps.

==References==
{{Reflist}}

{{Template:Nifty 200 companies}}

[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Electrical wiring and construction supplies manufacturers]]
[[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]]

Havells - Revision history

2405:201:D002:39CC:CCB0:C992:6EB7:61C at 07:50, 5 July 2021