Know All About Havells India Limited
Havells India Limited is an Indian multinational electrical equipment company, based in Noida, UP India. Haveli Ram Gandhi founded it and later sold it to Qimat Rai Gupta who was his distributor. Havells India Limited was founded in 1958. Havells? corporate headquarters is located in Noida, Uttar Pradesh, India. Havells is now managed by the Gupta family, with Anil Rai Gupta, the son of founder Qimat Rai Gupta, serving as the current Chairman and Managing Director. Havells India Limited is a fast-moving electrical goods (FMEG) company in India. The Havells company also manufactures equipment for power distribution. Circuit protection devices for residential and commercial use, cables and wires, motors, fans, modular switches, air conditioners, home appliances, electric water heaters, power capacitors, and luminaires are among the items offered by the company. Havells has over 700+ Havells Exclusive Brand Stores spread out across the nation, it enables consumers?both residential and business?to select from a wide range of products for various uses.
Havells Key Areas of Expertise
Havells is well known for its proficiency in a number of consumer products and electrical sector segments. Its wide range of products includes:
- Electrical Appliances: Havells supplying a large range of products, including Havells home & kitchen appliances, Havells Steam Irons, water heaters, air conditioners, pedestal fans, mixers, grinders, electric cookers and ceiling fans. Havells focuses on both energy efficiency and aesthetics.
- Havells Lighting: Havells is a market leader in the lighting industry, providing innovative LED lighting options for use in commercial, industrial, and residential settings. They provide long-lasting, energy-efficient smart lighting solutions as well as ornamental and street lights.
- Cables and Wires: Havells is renowned for manufacturing premium building wires and flexible cables for both residential and commercial use. Havells provides all types of cables and wire like low & high tension cables, submersible cables, CCTV cables These cables provide dependable and secure electrical connections for residences and commercial buildings.
- Switchgear: Havells produces high-quality switchgear products that offer safety and protection for electrical systems, such as distribution boards, RCCBs (residual current circuit breakers), and miniature circuit breakers (MCBs).
- Motors and Pumps: Havells manufactures the best quality pumps and motors for both home and commercial use, with a focus on energy conservation. Havells provide all types of water pumps like Centrifugal Pumps, Submersible Pumps, Openwell Submersible Pumps, etc. Their motors and water pumps are designed to deliver high performance with minimal energy consumption.
Havells’ dedication to innovation quality and sustainability in these categories has made it a trusted name in households and industries across the globe.
Sister Brands of Havells
- Lloyd: In 2017, Havells India acquired Lloyd Electrical and Engineering Ltd from BR Punj Group for Rs 1,600 crore. LIoyd Offer air conditioners (AC), televisions (TV), washing machines, and refrigerators.
- Standard Electricals: Specializes in electrical components like switches, wires, and accessories.
- REO: Havells Acquired this budget-friendly brand focused on switches, fans, and lighting.
- Promptech: Innovates in smart home automation solutions.
Havells Stock Information As Per Sep 2024
Havells India Limited is publicly listed on the Bombay Stock Exchange (BSE ) and National Stock Exchange (NSE ) under the ticker symbol “HAVELLS”. The company’s stock has shown strong performance over the years due to its expanding product portfolio, acquisitions, and market growth.
- Current Stock Price: As of the latest data in September 2024, Havells’ stock price stands at approximately Rs.2033 per share on the NSE.
- Market Capitalization: Havells has a market capitalization of around ?127,308 crores (USD 9.6 billion), making it one of the largest players in the electrical goods industry.
- Revenue Growth: Havells reported a 12% year-on-year growth in revenue for FY 2023-2024, driven by strong sales in consumer appliances, lighting, and switchgear segments.
Havells India Limited’s commitment to innovation and wide range of products have helped it maintain its position as a top brand in the consumer goods and electrical sectors. Havells provides high-quality, energy-efficient products that satisfy international standards, ranging from electrical appliances, lighting solutions, and cables to switchgear, motors, and home appliances. Driven by its aim to create dependable and cutting-edge solutions, Havells is a trusted choice for homes and industries worldwide, with a strong focus on safety, performance, and sustainability. Additionally, the company provides door-step assistance through its Havells Connect initiative. It owns several brands, including Standard, Lloyd, Crabtree, and Havells.