Exide Industries Ltd
NSE: EXIDEIND BSE: 500086
₹379
-4.05 (1.06%)
Sat, 24 Oct 2026, 05:04 am
Market Cap (in Cr)33613.25
PE Ratio34.58
Dividend0.51
Producer Manufacturing
Auto Parts: OEM
24.5KExide Industries Ltd Company History
1959
- Issued 135,000 shares without cash payment.
1960
- Incorporated on 4th January at Calcutta to manufacture lead, electric storage, Exide motor vehicle, Dagenite, Ironclad, Shednought, traction, aircraft, radio, signal, and stationary batteries.
- Issued 680,000 shares at Rs 5 premium: 200,000 to Chloride Overseas Ltd., 480,000 to public.
1965
- Issued 236,000 bonus equity shares in 1:5 proportion.
1967
- Issued 354,000 bonus equity shares in 1:4 proportion.
1968
- Granted letter of intent to double production to 240,000 batteries per annum and establish container plant.
- Commissioned polypropylene moulding plant.
- Issued 1,354,000 bonus equity shares in 1:5 proportion.
1973
- Name changed to Chloride India Ltd. effective 2nd August.
- Issued 1,888,000 bonus equity shares in 8:9 proportion.
- Name changed to Chloride Industries Ltd. effective 12th October 1988.
1976
- Received letter of intent in December for 100% export unit for special storage batteries at Haldia.
- Issued 1,504,500 bonus shares in 3:8 proportion.
1977
- Proposed new unit for industrial batteries at Haldia adjacent to export unit.
1978
- Issued 9,381,00 shares at Rs 10 premium: 7,433,40 rights to Indian shareholders (1:3), 100,000 to institutions, 94,760 to employees and directors.
1980
- Commissioned microporous battery separators project in June and 100% export unit in March.
- Issued 1,613,650 bonus shares in 1:4 proportion.
1982
- Industrial battery factory and container plant commissioned on 24th August.
- Subsidiary renamed Exide Products Ltd. effective 2nd April.
1983
- Issued 4,840,950 bonus shares in 3:5 proportion.
1986
- Issued 7,745,520 bonus equity shares in 3:5 proportion.
1987
- Applied for licence to manufacture uninterrupted power supply systems.
1989
- Received letter of intent for uninterrupted power supply systems.
- Developed solar operated energy systems and prototype cells for underwater propulsion batteries.
- Issued Rs 5 crore non-convertible debentures on private placement, redeemable 1996 at 5% premium.
1990
- Considered entry into UPS systems and solar energy systems.
- Sales improved 17% to Rs 204 crores due to higher battery volumes and price increases.
1991
- Haldia Unit awarded by Confederation of Indian Industry for productivity increase.
- Introduced Exide Freedom and Exide Trucking batteries.
- Issued 500,000 14% non-convertible debentures of Rs 100 each, redeemable 1998-2000 at 5% premium.
- Entered markets of UAE, Sri Lanka, Bangladesh, Paraguay, and Ghana.
1993
- Experienced drop in exports due to Middle East price crash.
- Launched E88 battery for jeeps and tractors, Exidelite for emergency lighting, and Exide solar battery.
- Planned factory in Haryana for OE manufacturers and expansions at Shamnagar, Chinchwad, Haldia with Shin-Kobe technology.
- Held entire issued capital of subsidiary Chloride and Exide Batteries (Eastern) Ltd., renamed Exide Products Ltd. effective 2nd April 1982.
- Chloride Overseas Ltd. held 10,472,000 equity shares.
1994
- Introduced Freedom battery range with two-year warranty for Maruti and expanded motorcycle batteries from 7 to 21 types.
- Entered technical collaboration with Shin-Kobe for valve regulated lead acid batteries.
- Entered agreement with Varta Germany for submarine and industrial battery technology.
1995
- Introduced first truly maintenance-free batteries per international specifications.
- Issued 4,130,944 rights equity shares at Rs 40 premium (1:5) with warrants; all accepted.
- Name changed from Chloride Industries Ltd. to Exide Industries Limited effective 25th August.
1996
- Introduced new batteries for four-wheelers, two-wheelers, and industrial segment.
- Allotted 4,048,152 equity shares against detachable warrants.
1997
- Explored acquisitions to step up production capacities.
- Maintained technical collaboration with Hitachi.
- Entered agreements with new automobile projects like Telco's Mercedes Benz, Daewoo Cielo, and Opel Astra.
- Inaugurated state-of-the-art factory at Hosur.
- Set turnover target of Rs 1,000 crore by 2000.
- Set up new plant at Hosur for Powersafe maintenance-free industrial batteries with Shin-Kobe.
- Celebrated 50 years coinciding with India's 50th independence year.
- ICRA upgraded fixed deposit rating to MAA and assigned MAAA to NCD programme and A1+ to CP programme.
1998
- Introduced Invaking battery for inverters and TV Queen for televisions.
- Planned fresh technical assistance agreement with Shin-Kobe for auto batteries.
- Set up greenfield facility at Hosur in collaboration with Shin-Kobe.
- Occupied top market share in automotive storage battery industry.
- Introduced new products for vehicles and started producing submarine batteries.
- Signed technical collaboration with Oldham Crompton Batteries for Miner's Cap Lamp Batteries.
- Issued 7,167,454 rights shares at Rs 90 premium in 1:4 ratio.
1999
- Recognized as largest manufacturer of lead acid storage batteries in India.
2000
- Forged strategic alliance with Shin-Kobe Electric Machinery for global sourcing.
- Became largest VRLA battery manufacturer and global supplier to American Power Conversion.
- Launched BAT-Mobile emergency service in Calcutta.
- Ruled out JV with Jungfer GmBH for battery inputs.
- Proposed amendment to articles for share buyback.
- Proposed acquisition of stakes in lead acid battery companies in Singapore and Sri Lanka.
- ICRA assigned MAAA rating to Rs 100 crore medium term debenture programme.
2001
- Launched Sonic range of maintenance-free automotive batteries under Standard Furukawa brand.
- Tied up with Mahindra & Mahindra as OEM supplier for EV batteries.
2003
- Elected to category 'B' of CII national council from eastern region.
- Introduced strategy combining cost and technology for product differentiation.
- Signed sourcing agreements with companies in UK, Netherlands, and Australia.
2004
- Associated Battery Manufacturers (Ceylon) Ltd, Sri Lanka became subsidiary after acquiring additional 12.5% equity.
- Planned entry into Afghanistan via wind and solar energy.
- Implemented CRM exercise to resolve battery problems.
2005
- Launched GenX batteries.
- Invested in 50% shareholding of ING Vysya Life Insurance Company Limited.
2006
- Launched SAP-CRM in Industrial SBU.
- Acquired 12.5% stake in Lanka bank arm.
- Partnered with Exide Pakistan Ltd to promote Exide brand in Pakistan.
- Planned massive expansion of Haldia unit.
2007
- Launched SAP-BW in Industrial SBU.
- Made Caldyne Automatics Ltd 100% subsidiary by acquiring remaining 49%.
- Acquired 26% stake in CEIL Motive Power Pty Ltd JV in Australia.
- Acquired 100% stake in Tandon Metals Ltd.
- Issued rights shares in 1:15 ratio at Rs 29 premium.
- Split face value of shares from Rs 10 to Re 1.
2008
- Acquired 51% stake in Lead Age Alloys India Ltd.
2009
- Won CFO of the Year award from CNBC-TV18 in automotive category.
- Exide Haldia won five CII awards for 2008-09.
- Approved interim dividend of 40%.
2010
- Entered agreement to acquire equity in Leadage Alloys India Ltd.
- Approved interim dividend of 90% (Re. 0.90 per share).
- Awarded Frost & Sullivan Market Leadership Award in Industrial Battery Segment.
2011
- Appointed Nadeem Kazim as Additional Director.
2012
- Won trademark dispute against Exide Technologies.
- Appointed S. R. B. C. & Co. as auditors.
2013
- Board recommended final dividend of Rs. 160%.
2014
- Board recommended final dividend of Rs. 180%.
2015
- Board recommended final dividend of Rs. 70%.
2016
- Awarded Golden Peacock Award for Excellence in Corporate Governance.
- Awarded Manufacturing Today Award.
- Awarded Greentech Safety Award.
2017
- West Bengal Chief Minister inaugurated state-of-the-art factory in Haldia.
- Won safety awards.
- Introduced Exide E-Ride Plus.
- Introduced Exide Gold.
- Introduced Exide Cabby.
- Launched Exide Distillo.
- Won Golden Peacock Award for Sustainability.
- Held Exide Innovation Challenge.
- Pledged support for National Apprenticeship Promotion Scheme.
- Won JIPM Japan award for TPM excellence at Hosur factory.
- Won Rashtra Vibhushan Award.
2018
- Signed pact with Leclanche SA for JV to manufacture lithium-ion batteries and energy storage systems.
- Launched EPIQ Battery with 6-year warranty.
2019
- Launched Exide Neo battery for e-rickshaws.
- Won Dun & Bradstreet award as largest lead acid storage battery company.
- Donated ambulance to Little Sisters of the Poor in Kolkata.
- Won Global SAP Innovation Award.
2020
- Won Telegraph Cup - Merchants Cup Cricket.
2021
- Announced plans to set up first lithium battery plant in India.
- Launched doorstep battery service facility.
- Celebrated 75 years as a corporate entity.
- Launched Exide Integra Li-ion power back-up system.
2022
- Subsidiary started commercial production at new Haldia plant.
- Won BIA CSR Award 2022 for CSR initiatives in Roorkee.
- Won SAP ACE Awards 2022.
- Won Cyber Security Excellence Award 2022 by Zscaler & Quantic.
2023
- Awarded Best Corporate in Medium Category at 8th ICSI CSR Excellence Awards.
- Won Technology Excellence Award 2023 for Best in Analytics Implementation by HP & Quantic.
- Won Inter-Industry Safety Quiz Competition at CML Haldia.
2024
- Honored as 'India's Best Battery Manufacturer' at ASSOCHAM Energy Meet & Excellence Awards.
