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Havells India Ltd.

BSE: 517354 Sector: Engineering
NSE: HAVELLS ISIN Code: INE176B01034
BSE LIVE 15:45 | 17 Nov 507.75 9.40
(1.89%)
OPEN

500.00

HIGH

510.45

LOW

500.00

NSE 15:57 | 17 Nov 507.80 9.55
(1.92%)
OPEN

503.00

HIGH

511.00

LOW

501.50

OPEN 500.00
PREVIOUS CLOSE 498.35
VOLUME 71212
52-Week high 564.30
52-Week low 303.60
P/E 55.92
Mkt Cap.(Rs cr) 31,739
Buy Price 507.75
Buy Qty 108.00
Sell Price 0.00
Sell Qty 0.00
OPEN 500.00
CLOSE 498.35
VOLUME 71212
52-Week high 564.30
52-Week low 303.60
P/E 55.92
Mkt Cap.(Rs cr) 31,739
Buy Price 507.75
Buy Qty 108.00
Sell Price 0.00
Sell Qty 0.00

Havells India Ltd. (HAVELLS) - Company History

Havells India Ltd is an electrical consumer production and power distribution equipment manufacturer. The company's products and services include industrial and domestic circuit protection devices cables and wires motors fans power capacitors compact fluorescent lamps luminaries for domestic commercial and industrial applications modular switches covering the entire gamut of household and commercial and industrial electrical needs. The company operates in four segments: switchgears cable lighting and fixtures and electrical consumer durables. Their brands include Crabtree Sylvania Concord Luminance and Linolite. The company's manufacturing plants are located in Haridwar Baddi Noida Sahibabad Alwar Neemrana and Faridabad. They also have manufacturing plants in Europe Latin America and Africa.Havells India Ltd was incorporated as Havell's Pvt Ltd in August 1983 and converted into a public limited company in March 1992. The company started their operations by producing miniature circuit-breakers and distribution boards in the year 1984. Then they entered into a technical collaboration with Christian Geyer Germany to manufacture miniature circuit-breakers in India. In the year 1991-92 the company made additions to their facilities to manufacture plastic distribution boards (PDBs) and earth-leakage circuit-breakers (ELCBs). In order to manufacture ELCBs the company entered into technical collaboration with Schiele Industriwerke Germany. In the year 1996 the company entered into the manufacture of low tension power cables by acquiring an existing cable manufacturing plant in Alwar Rajasthan which belongs to a sick unit from Rajasthan State Industrial Development & Investment Corporation.In the year 2000 the company acquired Standard Electricals Ltd and Duke Arnics Electronics Ltd. The company sold their entire shareholding of A J Shehfar & Co Ltd in the year 2003. The company also sold their entire shareholding in Standard Electricals Ltd during the year 2003-04. In the same year the company moved in to electrical consumer goods segment and set up a state-of-the-art automatic plant for manufacturing Compact Fluorescent Lamps at Faridabad in Haryana. During the year 2004-05 the company incorporated Havell's (UK) Ltd in London. The company enhanced its installed capacity of Domestic Switchgears Industrial Switchgears and Electrical Consumer Durables by 12650000 Nos 222000 Nos and 2000000 Nos respectively. With this expansion the total installed capacity of these products increased to 27300000 Nos 1335000 Nos and 13200000 Nos respectively. Also they introduced a complete range of indoor and outdoor lighting fixtures under the brand name Havells in the market.In the year 2005-06 the company installed CCV Lines for making high voltage cables. Also they installed a state-of-the-art automatic plant for manufacturing Compact Fluroescent Lamps (CFL) at Haridwar in Uttarakhand and started their production from January 2006. Also they installed a new plant to produce Fans and started production in October 2005. In the same year Crabtree India Ltd was amalgamated with the company.In the year 2006-07 the company set up a new plant in Noida for Power Capacitors. This plant an installed capacity of 600000 KVAR per month and they commenced their production on February 2007. These are designed and manufactured using S3 technology. Also they increased the production capacity of Domestic Switchgear by 6000000 to 39600000 Nos. Industrial Switchgear by 800000 to 2600000 Nos. Electrical wire Accessories by 14000000 to 20000000 Nos Cables & Wires by 230000 to 700000 Nos and Electrical Consumer Durables by 10000000 to 32400000 Nos.In the year 2007 the company incorporated a wholly owned subsidiary with the name Havell's Holdings Limited in Isle of Man. Also the company acquired SLI Lighting Products Inc. SLI Europe BV and Lighthouse Investment Holdings Ltd on April 2007. The company changed their name to Havells India Ltd (Apostrophe is removed from the word Havell's) with effect from July 28 2007. In April 20 2007 Havell's Netherlands B.V. a step subsidiary of the company completed the acquisition of Sylvania.In the year 2008 the company set up a fully automatic plant for Havells Lafert Motors at Neemrana. They set up Global Corporate office QRG Towers at Expressway Noida. Also they made investment of Rs 50 crore in Global Center for Research and Innovation (CRI).In the year 2009 the company set up a fully automatic second unit for switchgear manufacturing at Baddi. They made Global consolidation of CFL manufacturing plant at Neemrana for domestic and export purposes. They launched India's first HPF CFL and first BEE 5-star Rated Fan.In the year 2010 the set up second unit for Fan manufacturing at Haridwar. They acquired 100% interest in Standard Electricals. They set up World's First New Generation CMH Lamp Plant at Neemrana. They entered into Electric Water Heaters business. Also they launched Havells brand in US & Mexico.During the year 2009-10 the company acquired Seven Wonders Holidays Pvt Ltd to facilitate the transfer of electrical business of Standard Electricals Ltd. As per the scheme of arrangementthe electrical business of erstwhile Standard Electricals Ltd (SEL) a company under the same management was de-merged and transferred to Seven Wonders Holidays Ltd a 100% subsidiary of the company. Also the name of Seven Wonders Holidays Ltd was changed to Standard Electricals Ltd.In the year 2011 the company launched a new range of Control Gear Cosmic Star series. They set up a new Industrial Switchgear Plant in Sahibabad. They launched domestic appliances. They entered into a joint venture agreement with Shanghai Yaming Lighting China.During the year 2010-11 the company ventured into Home Comfort Products with their foray into a new generation Electric Water Heater business. They set up a state-of-the-art plant in collaboration with Havells Sylvania Belgium for production of Ceramic Metal Halide lamps.In September 2011 as per the scheme of amalgamation Standard Electrical Ltd a 100% subsidiary of the company was amalgamated with the company with effect from appointed date April 1 2011.In 2015 Havells India Ltd has launched the country's first most energy efficient fan - ES 40. The company has launched India''s first brightest LED lamps range LUMENO at its lighting fixtures plant in Neemrana Rajasthan. The company also adds first 'Made in India' MCB to its portfolio. The company has got hold of a 51 per cent stake in Promptec Renewable Energy Solutions at an enterprise value of a whopping Rs. 65 crore. The company has launched a world class range of MCBs and RCCBs under EURO-II series in Odisha market. During the year the company also launched world class products in Switchgear segment in the Eastern Region and also inaugurated a new office in Haldwani Uttarakhand.