Crompton Greaves Ltd Overview
Company Headquarters: Mumbai, India
Founded: 1937
Workforce: 8000
Company Working: Crompton Greaves (CG) is one of the world`s leading engineering corporations. It provides end-to-end solutions, helping its customers use electrical power effectively and increased industrial productivity with sustainability. The company is an engineering corporation and operates its business in two major segments, which are power systems, and industrial systems. CG offers a diversified portfolio of products in power systems, which include transformers, switchgear, circuit breakers, network protection, transmission and distribution systems, and, besides, offers components for transformers and switchgears. CG’s unique and diverse portfolio includes transformers, switchgear, circuit breakers, network protection & control gear, project engineering, HT and LT motors, drives, power automation products, and turnkey solutions in all these areas. The company has state-of-the-art R&D centers which cater the demand for technological and product innovations. The company meets the need for various end-use industries such as coal & mining, metal, packaging, railways, HVAC, power, oil & gas, telecom, steel, and others. The company has subsidiaries such as CG Drives & Automation Sweden AB, PT CG Power Systems Indonesia, CG Power Systems Ireland Limited and CG Power Solutions UK Limited among others. CG has wide global presence in Asia-Pacific, Europe, and North America, simultaneously having manufacturing facilities in nine countries in these regions.
Strategy
Mergers and acquisitions (M&A) are the corporate strategies that help CG achieve various financial, operational and revenue synergies that not only strengthen but also accelerate the growth of corporate firms. Like many other Indian companies Crompton Greaves, an Avantha Group company, has adopted M&A as a strategy and has possibly improved the corporate performance on all the fronts. Crompton Greaves is in acquisition spree from 2005 with nine overseas deals in the last six years to acquire technological competence, expand product portfolio, and make international presence, especially in Europe and the U.S. Acquisition has always been part of Crompton Greaves growth strategy story
