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Crompton Greaves Consumer Electrical Ltd.

BSE: 539876 Sector: Engineering
NSE: CROMPTON ISIN Code: INE299U01018
BSE 00:00 | 16 Jul 230.50 -1.70
(-0.73%)
OPEN

234.00

HIGH

236.65

LOW

225.90

NSE 00:00 | 16 Jul 232.75 0.50
(0.22%)
OPEN

230.90

HIGH

236.95

LOW

226.50

OPEN 234.00
PREVIOUS CLOSE 232.20
VOLUME 14755
52-Week high 295.00
52-Week low 200.15
P/E 44.58
Mkt Cap.(Rs cr) 14,448
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 234.00
CLOSE 232.20
VOLUME 14755
52-Week high 295.00
52-Week low 200.15
P/E 44.58
Mkt Cap.(Rs cr) 14,448
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Crompton Greaves Consumer Electrical Ltd. (CROMPTON) - Company History

Crompton Greaves Consumer Electricals Ltd. (CGCEL) manufactures and markets a wide spectrum of consumer products ranging from fans lamps and luminaries to pumps and household appliances such as water heaters mixer grinders toasters irons and electric lanterns. It is India's market leader in fans No. 1 player in residential pumps and has leading market positions in its other product categories. The company has strong dealer base across the country and wide service network offering robust after sales service to its customers. The company has a nationwide network with more than 3000 distributors and over 1 lakh retailers and a strong after-sales support of over 500 service centers. The company sells its products under the Crompton brand. Crompton's portfolio of energy-efficient products includes 5 star rated durable lights fans pumps and appliances for home and offices. It has the largest number of '5-Star' rated energy efficient products. It was the first company to cross sales of a million fans in 1989. It is continually introducing smarter products like super efficient LED bulbs water heaters with the lowest standing costs and patented tank designs made from nano-tech based materials. Crompton pumps are the preferred way to fill overhead water tanks in millions of homes. NEOLA is India's first microchip controlled mixer-grinder. Amongst other initiatives Crompton is building 'Brand ' stores in India to give consumers a more enjoyable shopping experience and create awareness of the wide range of its products.Crompton Greaves Consumer Electricals Limited (CGCEL) was formed following demerger consumer electricals business of Crompton Greaves. The consumer products business demerged from Crompton Greaves into a separate company known as Crompton Greaves Consumer Electricals Ltd (CGCEL). CGCEL was incorporated as a public limited company on 25 February 2015.In April 2016 Crompton Greaves Consumer Electricals launched innovative and sustained brand campaign. Crompton Greaves Consumer Electricals Limited (CGCEL) was listed on bourses on 13 May 2016. This completes the demerger process of consumer electricals business of Crompton Greaves. On 24 October 2016 Crompton Greaves Consumer Electricals (CGCEL) announced the launch of India's first anti dust ceiling fans. Crompton's anti dust ceiling fans range attracts 50% less dust compared to any regular fan. It includes the use of a nanotechnology based paint which has hydrophobic and oleophobic properties that reduces the incidence of dust and grime on the fan. Also during the month CGCEL introduced low-cost LED lighting.On 1 December 2016 Crompton Greaves Consumer Electricals (CGCEL) announced that it has teamed up with Gooee the UK based creator of the world's first full-stack operating platform connecting lighting manufacturers and their customers to the IoT (Internet Of Things). Under the terms of the agreement Crompton will become Gooee's launch partner in India and will be able to use Gooee's innovative new lighting ecosystem to provide additional functionality and value to customer lighting and IoT solutions. With this partnership Crompton unleashes its plan to foray into the world of IoT and connected lighting in big way. All the Gooee features and scalability combined with Crompton's design and execution capability will bring wonderful products and solutions to its customers with exciting features.In September 2017 CGCEL became number 2 lighting company in India (as per Q2 September 2018 financials).On 6 November 2017 CGCEL informed stock exchanges that the bid made by the company for the acquisition of the Kenstar Business and Kenstar Brand has expired and the company has not extended the validity of the bid. Earlier on 6 October 2017 CGCEL had informed the stock exchanges that the company has submitted a bid on 20 September 2017 as an Expression of Interest (EOI) for the acquisition of Kenstar Business and Kenstar Brand. The submission of EOI was in response to the invitation received by the company from Videocon Industries and their affiliates (sellers) vide bid invitation letter dated 6 September 2017 to participate in the bid process.