Havells India Ltd Overview
Company Headquarters: Noida, India
Founded: 1958
Workforce: ~5,789
Company Working: Havells India Ltd is engaged in manufacturing electrical and power distribution equipment, such as switchgear, cables and wires, motors, fans, capacitors, modular switches, and household electronics. The company operates in five business segments, which are switchgears, cables, lighting and fixtures, electrical consumer durables, and Lloyd consumer. MCBs and MCCBs fall under its switchgears segment. The company manufactures all its electrical products under its brand, Havells Galaxy, which has more than 500 stores across India. Havells India Ltd also owns brands such as Lloyd, Crabtree, Standard, and Promptec, which enhances its market position and helps it connect with customers better. Additionally, the company has a strong network of more than 7,500 dealers, 40 branch offices, and 12 manufacturing sites in India.
Havells India Ltd has a presence in more than 40 countries including China, Canada, Mexico, Germany, Brazil, and the UK. The key subsidiaries of the company are Havells Sylvania Iluminacion (Chile) Ltda (Chile), Havells USA Inc (the US), 8 Standard Electrical Limited (India), Havells Exim Limited (Hong Kong), and 2 Lloyd Consumer Private Limited (India).
Strategy
Havells India Ltd is focusing on enhancing its business segments in switchgears, electrical consumer durables, and Lloyd consumer business segment through product development. The company aims to increase its presence in the domestic and overseas market. Additionally, in its switchgears segment, the company is strategizing to introduce new products, such as surge protection devices and communication ready MCB, which helps to enhance its product portfolio. Currently, Havells India Ltd is actively collaborating with Hyundai Electric & Energy Systems Co., Ltd in order to increase the sales in overseas market. Another strategy adopted by the company for financial stability in the market is commodity hedging, which helps the company to reduce financial risk and enhances its risk management strategies.
