Havells India Limited is engaged in the manufacturing, selling and also exporting consumers and industrial electrical goods in India, with international intervention. It works in five sectors: Cables, Electrical gadgets, switchgear, Lloyd Consumers and fixtures, and lightings. The company provides switches, different gears of switches like energy savers, circuit breakers, and so on. Many types of equipment regarding human safety have also been offered by the company.
Havells India Limited also provides many things in different industries to assist their business operations. The company provides flexible cables, industrial motors, heater Pumps and many more. Many household products like cooking appliances and the brewing for food preparation are also provided by the company. Television, fans, air coolers, and many home appliances are manufactured under this brand. It markets the products mostly under the brand name ‘Havells’. The company started its business operations in the year of 1958. It is headquartered at Noida, India.
About Company Information:
Havells India Limited has 43 branch offices throughout the country. The company was named as Havells Private Limited in August 1983. It began to operate by manufacturing distribution boards and miniature circuit breakers in 1984. During 1991- 1992, Havells India Limited introduced few facilities to produce Plastic Distribution Boards and Earth-Leakage Circuit-Breakers. It was recognized as a public limited company in 1992.
Havells India Limited came into the production of low tension power cables by obtaining the existing cable producing plant of a sick unit of Rajasthan State Industrial Development and Investment Corporation in Alwar, Rajasthan in 1996. It purchased Duke Arnics Electronics Limited and Standard Electricals Limited in 2000.
In 2003, Havells India Limited sold its total share of A J Shehfar & Company Limited. During 2003- 2004 it also sold its total share in Standard Electricals Limited. The company launched Havells (UK) Limited in London during 2004- 2005. The company set up a new plant and began to manufacture Fans from October 2005.
Havells India Limited installed a new plant for Power Capacitors in Noida during 2006- 2007. Its name was changed to Havells India Limited on 28th July 2007. The company installed a wholly automatic plant at Neemrana for Havells Lafert Motors in 2008. It also installed a wholly automatic 2nd unit at Baddi for manufacturing of switchgear in 2009.
The company installed its 2nd unit at Haridwar for the manufacture of Fans in 2010. It purchased Seven Wonders Holidays Private Limited to make easy the translocation of the business of electrical of Standard Electricals Limited during 2009- 2010. The company announced a new sort of Control Gear Cosmic Star series in 2011.
In the year, Havells installed a new Industrial Switchgear Plant in Sahibabad, and the company also introduced domestic electrical goods. The company has introduced ES 40, the first most energy proficient fan of the country in the year 2015. It has launched LUMENO, the brightest LED light of India at its plant in Neemrana. The value of the collective investment of the company is Rs 980 crore.
The company launched the first Made-in-India MCBs and RCCBs which were designed, manufactured and developed in India, according to the international standard, in Uttar Pradesh, under EURO-II, on 2nd February 2016. It announced so many initiatives to achieve the next stage of growth on 14th February 2016. The company declared that it would incorporate the trade of control and automation in the same year.
On 8th February 2017, Havells India Limited declared that it would venture into the segment of personal grooming by launching a bunch of excellent personal care products like Beard Trimmers, Shaver, Bikini Trimmers, Hair Dryers and Straighteners, and Grooming kits- Precision nose and ear Trimmers. Baby hair clippers, for the first time in India, was announced to be introduced.
The company declared an agreement with a South Korean company Hyundai Electric & Energy Systems Company Limited, to produce Magnetic Contactor (MC) on 14th March 2018, according to which, Hyundai Electric would offer technology and issue a license for manufacturing and marketing of Magnetic Contactors under the brand name Havells.
How Havells India Ltd, is categorised as Electrical Equipment Sector, Electrical Equipment Industry :
The electrical equipment sector in India plays a pivotal role in the Indian economy, contributing direct employment to more than half a million persons and indirect employment to over a million. In recent years, the electrical equipment sector has witnessed sluggish growth owing to the decline in domestic demand and an increase in imported products. Electrical equipment is widely classified as generation equipment, transmission & distribution (T&D) equipment and other allied equipment.
Havells India Ltd is categorised as Electrical Equipment Sector and Electrical Equipment Industry. The Electrical Equipment Industry comprises of companies that manufacture a range of products for a diverse customer base. The products include electrical motors, heating, ventilation and air conditioning systems and components, commercial and industrial lighting fixtures, and, among others, electrical power equipment. As the government prepares to meet the demand of power to every house in the nation, the investors in power generation and transmission & distribution is bound to rise. This will present a window of opportunity for domestic power equipment manufacturers.
Havells India Ltd, Competitors and Sector Peers:
Aaron Industries Ltd. AAROIN
Advance Metering Technology Ltd. ADVMET
Amalgamated Electricity Company Ltd. AMAELE
Amba Enterprises Ltd. AMBENT
Artech Power & Trading Ltd. ARTPOW
Best & Crompton Engineering Ltd. BEST2
Bil Energy Systems Ltd. BILENE
Continental Controls Ltd. CONTIC
Crompton Greaves Consumer Electricals Ltd. CROMPG
Dyna Lamps & Glass Works Ltd. DYNLAM
Easun Reyrolle Ltd. EASREY
Elpro International Ltd. ELPINT
Euro Multivision Ltd. EURMUL
Focus Lighting and Fixtures Ltd. FOCLIG
Godha Cabcon & Insulation Ltd. GODCAB
Havells India Ltd. HAVIND
Heatshrink Technologies Ltd. HEATEC
HPL Electric & Power Ltd. HPLELE
Igarashi Motors India Ltd. IGAMOT
Integra India Group Company Ltd.[Amalgamated] INTHIN
JSL Industries Ltd. JSLIND
Kaycee Industries Ltd. KAYIND
Kirloskar Electric Company Ltd. KIRELE
KLK Electrical Ltd. KLKELE
Kotia Enterprises Ltd. INTPUM
Kusam Electrical Industries Ltd. KUSELE
Lakshmi Electrical Control Systems Ltd. LAKELE
Marine Electricals (India) Ltd. MARIEL
Modison Metals Ltd. MODMET
Olectra Greentech Ltd. GOLDTE
Orient Electric Ltd. ORIELE
Remi Elektrotechnik Ltd. RAJEEL
Rexnord Electronics and Controls Ltd. REXELE
Salzer Controls Ltd. SALCON
Salzer Electronics Ltd. SALELE
Schneider Electric Infrastructure Ltd. SCHELE
Servotech Power Systems Ltd. SERVPO
Spectrum Electrical Industries Ltd. SPEELE
Starlite Components Ltd. STACOM
Swelect Energy Systems Ltd. NUMEPO
Switching Technologies Gunther Ltd. SWITEC
Thana Electric Supply Co Ltd. THAELE
Toyama Electric Ltd. TOYELE
V-Guard Industries Ltd. VGUAIN
W S Industries (India) Ltd. WSIND
Websol Energy Systems Ltd. WEBSLE