Havells India Ltd is a leading fast moving electrical goods company with presence across India. Its product range includes Industrial & Domestic Circuit Protection Switchgear Cables& Wires Motors Fans Power Capacitors Luminaires for Domestic Commercial & Industrial applications Modular Switches Water Heaters and Domestic Appliances covering the entire gamut of household commercial and industrial electrical needs. Havells owns prestigious brands like Havells Crabtree and Standard. The company has 12 state-of-the-art manufacturing units in India located at Haridwar Baddi Noida Sahibabad Faridabad Alwar and Neemrana. The company has 43 branch offices. 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 company 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 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.On 10 December 2015 Havells India Ltd. announced that it has received intimation from its wholly owned subsidiary Havells Holdings Limited that it proposes to enter into definitive agreement with Shanghai Feilo Acoustics Co Ltd (Feilo) to divest 80% stake in Havells Sylvania Malta BV subject to shareholders and related approvals. Feilo is a leading listed company with key shareholding held by Inesa Limited a State Owned Enterprise (SoE) of Shanghai Government. Havells Holding Limited Isle of Man would continue to hold remaining with exit options in next 3-5 years. Further Havells India proposes to divest 80% stake in its wholly owned subsidiary Havells Exim Limited Hongkong. The combined equity value for 100% stake for both companies is Euro 186 million (about Rs 1340 crore) subject to adjustments if any. Havells cumulative investment value stands at Rs 980 crore.On 2 February 2016 Havells India announced the launch of its first Made-in-India MCBs and RCCBs under EURO-II series in Uttar Pradesh. These are the company's first MCBs and RCCBs that are designed developed and manufactured in-house conforming to international standards. On 14 February 2016 Havells India Limited announced various initiatives and its preparedness for achieving next phase of growth. The company announced that it would start offering products and solutions in the space of solar energy; it will venture in the business of automation & control and internet of things so that it could participate better in upcoming smart cities projects and will widen its product offerings to garner larger market share across all its business segments. On 6 May 2016 Havells India Limited announced its foray into the fast growing segment of Integrated Automation and Control Solutions under its premium brand Crabtree in association with one of world's leading automation company HDL Automation. In June 2016 Havells India Limited announced its foray into a new product segment with the launch of innovative and premium range of air purifiers in the domestic market.On 9 November 2016 Havells India announced that it has further strengthened its presence in the North East region with the launch of world's most advanced Made in India range of water heaters under the Adonia brand in the state of Mizoram that uses colour changing LED technology to communicate different temperature levels.On 8 February 2017 Havells India Limited announced its foray into personal grooming segment with the launch of an array of high quality personal care product like Electric Shavers Beard Trimmers Grooming kit - Precision nose and ear Trimmer Hair Straighteners & Dryers Bikini Trimmer. The company also for the first time in the country launched baby hair clippers.On 14 February 2017 Havells India Limited announced the launch of many new variants of world-class stylish fans to cater to today's contemporary homes. The company targets to be a strong No 2 brand in fans in the southern Indian market.On 19 February 2017 Havells India Limited announced that its board of directors has approved the acquisition of Lloyd Consumer Durable Business Division (Lloyd Consumer). The acquisition is proposed to be executed at an enterprise value of Rs 1600 crore on a debt free cash free basis subject to closing adjustments. The company has signed an agreement with Lloyd Electrical and Engineering Limited and Fedders Lloyd Corporation Limited for acquiring Lloyd brand and the consumer durable business that is engaged in sourcing assembling marketing and distribution of consumer durables including airconditioners TVs washing machines and other household appliances. The proforma revenues of consumer durable arm Lloyd Consumer for 9 months ended 31 December 2016 stood at Rs 1242 crore and EBDITA of Rs 75 crore.On 8 May 2017 Havells India Limited announced the successful completion of its acquisition of Lloyd Consumer Durable Business Division (Lloyd Consumer). The acquisition has been executed at an enterprise value of Rs 1600 crore on a debt free cash free basis. The company has financed the transaction through internal accruals and cash balances. Havells has acquired the consumer business infrastructure people distribution network including and not limited to absolute exclusive ownership and right to all intellectual property of Brand Lloyd logo trademark goodwill and attendant rights. Through this acquisition Havells marks a foray into consumer durables industry.On 14 March 2018 Havells India Limited announced an agreement with South Korean major Hyundai Electric & Energy Systems Co. Ltd for manufacturing of Magnetic Contactor (MC). Under the agreement Hyundai Electric will provide technology know-how and grant a license to manufacture and market Magnetic Contactors under Havells brand. Havells India would also manufacture MC for Hyundai Electric. As per the previous MoU signed between both the companies in November 2017 Hyundai Electric will supply low and medium voltage protection and switching devices to Havells as Brand labeling and will also grant manufacturing license for ranges of Magnetic Contactors (MC) and Molded Case Circuit Breakers (MCCBs) to Havells. Also Havells will supply equipment such as Miniature Circuit Breakers (MCBs) & Magnetic Contactors (MC) to Hyundai Electric. Havells is leading player in Switchgear market.