Havells India Limited is an Indian multinational electrical equipment company, based in Noida, India. It was founded by Late Sh. Haveli ram Gandhi, later sold to Gupta who was his distributor. This 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 India owns some brands like Havells, Lloyd, Crabtree, Standard Electric, Reo and Promptech.
|Founder||Qimat Rai Gupta|
|Headquarters||Noida, Uttar Pradesh, India|
|Anil Rai Gupta |
(Chairman & MD)
|Products||Fast Moving Electrical Goods|
|Revenue||₹9,553 crore (US$1.3 billion) (2020)|
|₹924 crore (US$120 million) (2020)|
|₹735 crore (US$96 million) (2020)|
|Total assets||₹7,073 crore (US$930 million) (2020)|
|Total equity||₹4,248 crore (US$560 million) (2020)|
Number of employees
The company has 23 branches / representative offices with over 6,000 workers in over 50 countries. India's first Lloyd's exclusive outlet is acquired by businessman Mr. Rajan Bansal. The store is situated in western part of New Delhi, Paschim Vihar. As of 2016, it has 11 manufacturing plants in India located at Haridwar, Baddi, Noida, Faridabad, Alwar, Neemrana, and Bengaluru. In 2014, Havells was listed 125th among 1200 of India's most trusted brands according to the Brand Trust Report 2014, a study conducted by Trust Research Advisory.
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. The latest acquisition of Lloyd Electricals has marked its entry in new segments of consumer electronics.
Havells provides mid-day meals for school children in Alwar district, covering 50,000 students per day. This has greatly increased the number of children attending school regularly and also alleviates hunger. Besides this, the company has acquired land for constructing a larger kitchen with all the modern facilities to serve freshly cooked food to 50,000 students in the area.
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