Havells India Limited: A Comprehensive Corporate Insight

Company Overview

Havells India Limited is a globally recognized leader in the Fast Moving Electrical Goods (FMEG) and consumer durables segment. The company’s legacy is built on decades of product innovation, operational excellence, and a deeply rooted value system. It offers solutions across residential, commercial, and industrial applications and has established itself as a trusted name through its extensive in-house manufacturing capabilities and expansive distribution network. With a firm focus on customer-centricity, Havells integrates sustainability and cutting-edge technology to enhance lives. Its operations are strategically aligned with principles of ethical governance, humility, inclusivity, and long-term stakeholder value creation.

With a vision to be a globally recognized corporation known for excellence, governance, consumer delight, and fairness, Havells has embedded sustainability, integrity, and innovation into its core business practices. Its mission includes achieving this vision through global reach, technological prowess, and building long-term relationships with all associates, customers, partners, and employees.

Company History

Havells began its journey in 1958 as a modest trading business in Bhagirath Palace, Delhi, under the visionary leadership of Shri Qimat Rai Gupta. In 1971, the bold acquisition of the Havells brand laid the cornerstone for its transformation into a household name. From manufacturing and marketing electrical products, the company gradually expanded into lighting, cables, appliances, and consumer durables. A defining aspect of its journey has been the consistent focus on quality and innovation, accompanied by strategic acquisitions, global expansions, and a commitment to the ‘Make in India’ ethos. With each passing decade, Havells has evolved through landmark investments, brand development, and a relentless pursuit of excellence.

The company’s evolution has been characterized by significant milestones, including strategic acquisitions such as Crabtree, Standard Electricals, and Lloyd. These moves helped Havells diversify its product offerings and scale new heights in innovation and market share. Over the years, Havells has gained recognition for adopting forward-looking business practices, investing heavily in R&D and infrastructure, and building strong stakeholder relationships.

A defining aspect of its journey has been the consistent focus on quality and innovation, accompanied by strategic acquisitions, global expansions, and a commitment to the ‘Make in India’ ethos. With each passing decade, Havells has evolved through landmark investments, brand development, and a relentless pursuit of excellence.

Products and Services Offered

Havells has built a comprehensive portfolio of over 20 product categories, designed to serve diverse sectors from domestic households to large-scale industrial setups. It integrates user-centric design, energy efficiency, and quality assurance across its product range. The company’s offerings cater to the dynamic needs of modern households, commercial establishments, and infrastructure projects.

The products are designed with innovation at their core, featuring AI integration, digital efficiency, and a strong emphasis on safety and sustainability. From electrical components to complete home solutions, Havells ensures high reliability and lasting performance.

Product Categories:

1. Domestic Switchgears – Safety and control devices for households..
2. Industrial Switchgears – Heavy-duty applications for factories and industries..
3. Capacitors – Energy-efficient components for power systems..
4. Switches – Aesthetic and functional switches for varied use..
5. Professional Luminaires – Lighting solutions for commercial and infrastructure use..
6. Consumer Luminaires – Decorative lighting options for residential spaces..
7. Power Cables – Durable cables for high-load power transmission..
8. Flexible Cables – Suitable for dynamic and flexible applications..
9. Fans – BLDC+ and conventional fans for homes and offices..
10. Appliances – Everyday home appliances focused on performance and style..
11. Water Heaters – Instant and storage water heating solutions..
12. Motors – Industrial-grade motors for mechanical operations..
13. Solar Products – Green energy solutions including solar panels and controllers..
14. Pumps – Water pumping systems for residential and agricultural needs..
15. Water Purifiers – Multi-stage purifiers offering safe drinking water..
16. Personal Grooming Products – Trimmers, shavers, and grooming kits..
17. Air Conditioners – High-performance ACs including AI-powered variants..
18. Televisions – Smart and HD LED TVs under Lloyd brand..
19. Washing Machines – Fully automatic and semi-automatic washing solutions..
20. Refrigerators – Efficient cooling and storage appliances for homes.

Brand Portfolio

Havells’ multi-brand strategy empowers it to meet the varied preferences of its consumer base across economic segments, regions, and usage categories. Each brand carries a distinct identity, unified under the larger corporate umbrella that emphasizes trust, value, and quality.

The strength of Havells lies not just in its products but also in the recall and emotional connect its brands have with the end users. By offering differentiated product lines under well-established brands, the company effectively targets diverse consumer profiles.

Brands Owned:

1. Havells – The flagship brand known for electrical goods, cables, and lighting..
2. Lloyd – A consumer durable brand focusing on air conditioners, TVs, washing machines, and refrigerators..
3. Standard – Electrical solutions with a focus on affordable excellence..
4. Crabtree – Premium switches and home automation products..
5. Promptech – Specialized industrial and automation solutions..
6. Reo – Cost-effective offerings targeted at mass markets.

These brands help Havells reach a broader audience, reinforce its category leadership, and enable tailored customer experiences across price and usage spectrums. The company’s strategic investments in branding ensure that each product delivers value, trust, and differentiation in a competitive market.

Geographical Presence

Havells commands a robust presence in India and a steadily growing global footprint. Its wide geographical reach supports its vision of delivering excellence at scale, efficiently catering to regional preferences and logistical needs.

Domestically, Havells operates one of the most extensive manufacturing and distribution infrastructures in the industry. Globally, it continues to identify and penetrate new markets, aligning with international regulatory and customer expectations.

Locations in India:

• Manufacturing Units: 16 facilities including Alwar, Neemrana, Ghiloth (Rajasthan), Baddi (Himachal Pradesh), Faridabad (Haryana), Haridwar (Uttarakhand), Sahibabad (Uttar Pradesh), Sri City (Andhra Pradesh), and Tumakuru (Karnataka).
• Corporate Office: Located in Noida, Uttar Pradesh, serving as the command center for national and international operations.
• CRI Office: Noida-based specialized office for research and innovations.
• Branch Offices: 24 regional branches across major cities.
• Warehouses: 19 strategically placed warehouses enabling rapid distribution.

Global Presence:

• Asia – Key markets including the Middle East, Southeast Asia, and the Indian subcontinent.
• Europe – Select operations focused on lighting and automation.
• Americas – Emerging presence in North and Latin American markets.
• Middle East – Strong trade ties with infrastructure and construction sectors.
• Australia – Growing retail and OEM opportunities.
• Africa – Penetration through electrical distribution and public infrastructure projects.

With its products exported to more than 70 countries, Havells continues to expand its global influence by investing in international distribution channels, strengthening local partnerships, and participating in global exhibitions and industry forums.

Board of Directors

The leadership team at Havells combines deep industry knowledge with visionary business acumen. The Board steers the company with a sharp focus on governance, compliance, strategic alignment, and long-term sustainability.

Governed by principles of transparency and accountability, the Board maintains rigorous oversight over financial performance, ESG goals, risk management, and regulatory compliance. Each director brings a unique set of skills and experiences, enriching the company’s governance framework.

List of Board Members:

1. Anil Rai Gupta – Chairman and Managing Director; spearheading vision and transformation..
2. Ajai Chowdhry – Independent Director; known for his contributions to technology entrepreneurship..
3. Asha Gupta – Independent Director; brings expertise in marketing and global brand strategy..
4. Dr. Anil Kumar Khandelwal – Independent Director; a leadership development expert..
5. Rajesh Kumar – Independent Director; brings vast experience in finance and audit..
6. Subodh Bhargava – Independent Director; seasoned business leader and governance expert..
7. Vikram S. Mehta – Independent Director; an authority in energy and public policy.

Subsidiaries

The Board ensures that Havells remains on course to achieve its long-term vision while maintaining the highest standards of integrity and responsibility.

The company’s operational ecosystem is enriched by a series of subsidiaries which extend its global reach and manufacturing capabilities.

List of Subsidiaries:

1. Havells Exim Limited – Handles international trade and exports.
2. Havells USA Inc. – The company’s arm in North America.
3. Havells Sylvania (Malta) Holding Limited – Manages European operations.
4. Havells (Shanghai) Trading Co. Ltd. – Facilitates trade and business development in China.
5. Havells International Limited – A global investment and operations vehicle.
6. Promptech Power Private Limited – Specializes in power and industrial automation solutions.

Financial Overview

Havells’ financial structure remains sound, marked by consistent top-line growth, healthy profitability, and prudent capital allocation. The company has generated robust free cash flows, ensured timely dividends, and maintained its debt-free status.

Consolidated Profit & Loss Statement (INR Crores)

Particulars	FY 2024-25
Revenue	21,746
EBITDA	2,149
Profit After Tax (PAT)	1,489
Earnings Per Share (EPS)	23.75

Consolidated Balance Sheet (INR Crores)

Particulars	FY 2024-25
Net Worth	8,331
Total Assets	13,809.41
Total Liabilities	5,468.44
Cash and Bank Balance	3,353

Consolidated Cash Flow Statement (INR Crores)

Particulars	FY 2024-25
Operating Profit	2,281
Other Income	198
Taxes Paid	505
Capital Expenditure (Capex)	753
Dividend Distributed	627
Investment in Subsidiary	42
Net Cash at Year-End	3,353