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Havells

Indian electrical equipment manufacturer

Indian electrical equipment manufacturer

FieldValue
nameHavells
logoHavells Logo.svg
logo_size150px
typePublic
traded_as{{plainlist
ISININE176B01034
industry{{plainlist
founderQimat Rai Gupta
key_peopleAnil Rai Gupta
(Chairman & MD)
brandsHavells
Havells Studio
Lloyd
Havells Crabtree
Standard Electricals
Reo
revenue(2025)
operating_income(2025)
net_income(2025)
num_employees5,781 (2020)
products{{plainlist
website
foundation
locationNoida, Uttar Pradesh, India
area_servedWorldwide
footnotesFinancials .
  • }}
  • Electrical equipment
  • Home appliances}} (Chairman & MD) Havells Studio Lloyd Havells Crabtree Standard Electricals Reo
  • LV Motors
  • Home applications
  • Kitchen appliances
  • Lighting
  • Consumer and industrial switchgear
  • Cables and wires
  • Electrical equipment}}

Havells India Limited is an Indian multinational electrical equipment company, based in Noida. The company manufactures home appliances, lighting for domestic, commercial and industrial applications, LED lighting, fans, modular switches and wiring accessories, water heaters, industrial and domestic circuit protection switchgear, industrial and domestic cables and wires, induction motors, and capacitors among others. Havells owns brands like Havells, Lloyd, Crabtree, Standard Electric, Reo and Promptec.

The company has 23 branches or representative offices with over 6,000 workers in over 50 countries. As of 2016, it has 11 manufacturing plants in India located at Haridwar, Baddi, Noida, Faridabad, Alwar, Neemrana, and Bengaluru.

History

In 1958, Qimat Rai Gupta moved from Malerkotla to Old Delhi, where he set up an electrical equipment trading shop. In 1971, Haveli Ram Gandhi sold his switchgear company–Havells–to Gupta, who was his distributor at the time. The company subsequently entered other product segments such as cables, lightings, appliances, fans and geysers.

In 1983, it bought the loss-making Delhi-based Towers and Transformers Ltd and turned it around in a year. Between 1997 and 2001, Havells also bought ECS, Duke Arnics Electronics, Standard Electricals and Crabtree India. There was a 50:50 joint venture between Havells and the UK-based Crabtree, and Havells later acquired Crabtree's stake in the JV. In 2007, Havells acquired European lighting company Sylvania for about €200 million. In 2010, Havells introduced ceramic metal-halide lamp.

In April 2015, Havells acquired a 51% majority stake in Promptec Renewable before increasing its stake in the company to 100% in 2018. In December 2015, Havells sold 80% stake in Sylvania Malta and Havells Exim Hong Kong to Shanghai Feilo Acoustics for and sold the remaining 20% two years later. In February 2017, it acquired the consumer durables business of Lloyd Electricals at an enterprise value of .

References

References

  1. (6 November 2017). "Annual Report 2016-17". Havells..
  2. "Havells India Ltd. Financial Statements".
  3. "1958".
  4. "Investor Presentation for the fourth quarter and financial year ended 31st March, 2025". Havells.
  5. "Havells Industrial on an overdrive and launches a product lounge on wheels".
  6. "About Havells India Limited".
  7. Singh, A. "Havells Press Kit". Havells India Ltd.
  8. (20 November 2014). "The unsung billionaire". Business Standard.
  9. (24 November 2005). "New lifestyle: Havell's India acquires Crabtree". The Economic Times.
  10. (August 2013). "How a smart turnaround strategy helped Havells to make a comeback".
  11. (21 December 2009). "SLI Sylvania's lighting biz to give yields from 2010: Havells". The Economic Times.
  12. "When Havells Bought Sylvania". Forbes.
  13. (23 February 2010). "Havells India looks for acquisitions in China, Africa". The Economic Times.
  14. (20 April 2015). "Havells acquires controlling stake in Promptec". Business Today.
  15. (10 December 2015). "Havells India to sell 80% stake in subsidiaries for ₹1,070 cr". Business Line.
  16. "Havells: The big switch". Fortune India.
  17. (19 February 2017). "Havells acquires consumer biz of Lloyd Electric for Rs 1600 cr". The Economic Times.
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