It is quite interesting that Havells India describes itself as India's leading ‘Fast Moving Electrical Goods' Company! The way it has been clocking profits and growth, one cannot disagree that it is indeed fast moving. For example, its combined performance for Q2FY18 (Havells and Lloyd), saw net profit growing by a whopping 17 percent to Rs.171 crore while net revenue stood at Rs.1777 crore. EBIDTA? Rs. 257 crore at 26 percent growth! Obviously, it says a lot about the leadership of Anil Rai Gupta, Chairman and Managing Director, Havells India Ltd, who has built the organisation into one of the largest makers of industrial and household electrical products in India. "In all its product categories, Havells is amongst the leaders and commands a premium over rivals," Gupta says. There are some who even mistake Havells to be an American or a European brand. Of course, Havells does sell its products in over 50 countries - making it truly international. And these products are manufactured at the eleven state-of-the-art factories in India.
Gupta, who joined Havells in 1992 under the mentorship of his father, Qimat Rai Gupta, has been spearheading Havells' transformation. He expanded Havells from industrial switchgear to consumer goods and successfully transformed it from being a B2B brand into a well-accepted consumer brand. In 2007, Gupta took Havells international with the acquisition of Sylvania (in Europe and South America). It is considered amongst the biggest overseas acquisitions by an Indian company. "In May 2017, Havells completed
the acquisition of Lloyd Consumer Durable Business Division. This is
one of the largest acquisitions in Indian consumer durable space with an enterprise value of Rs.1600 crore," Gupta shares.
There's a lot more happening as Havells continues to expand into different product segments of the industry. To support this expansion, it is planning to set up new plant in Rajasthan for consumer durables.
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