Havells India Ltd

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.

Company Snapshot

$1,192.78M

Revenue

5,789

Employees

1958

Founded

Noida, India

Headquarters

SWOT Analysis

Strengths

Strong dealer network
Diverse product portfolio

Weaknesses

Over dependence on domestic market

Opportunities

Economic uptick in terms of customer spending in household

Threats

Slowdown in construction industry

Key Developments

Date	Approach	Development
March 2018	Contracts and Agreement	Havells India Ltd entered into an alliance with Hyundai Electric & Energy Systems Co., Ltd (South Korea) to manufacture licensed magnetic contactors (MC) and molded case circuit breakers (MCCBs). This contract has helped the company to enhance its product portfolio
February 2016	Product Development	Havells India Ltd introduced its Euro II series of MCBs and RCCBs in Uttar Pradesh, India. This move helped the company to enhance its product portfolio

Product Offering

MCCB
- Load line MCCB (Thermal Magnetic MCCB with 4 Pole from 15 A - 100 A)
- Load line MCCB (Thermal Magnetic MCCB with 4 Pole from 25 A - 160 A, 25 kA)
- Thermal Magnetic Adjustable MCCB with 3 Pole from 250A - 630A, 36 kA
- Microprocessor Based MCCB with Four Pole from 250A to 630A; 50 kA
MCB TPN C Curve
MCB TP D Curve
MCB DP DC Series
MCB SPN C Curve

Financial Performance

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