Havells India Ltd
Incorporated in 1983, HAVELLS is one of the largest and fastest growing manufacturers of electrical components and systems in India. It is the market leader in light-duty power distribution products. Its offerings include electrical products like circuit protection equipment, switchgears, cables and wires, and consumer durables like fans, CFLs, and lighting fixtures.
- Havells recently acquired the Consumer segment of Lloyd electrical which would give it access to Lloyds’ strong distribution network.
- With the upcoming AC manufacturing plant and tie up with modern retail stores, the Company is trying to re-position the Lloyd’s portfolio; this will propel the overall margin.
- GST will enable higher compliance and consolidation in industry , which provide level playing field for the Company to compete with local players.
- The Company is the market leader in the low voltage segment with ~28% share. It’s strategy of premiumisation of highly penetrated category is unique and sustainable.