Havells India Ltd
NSE: HAVELLS BSE: 517354
₹1031
-42 (3.91%)
Wed, 28 Oct 2026, 01:53 pm
Market Cap (in Cr)64764.36
PE Ratio38.90
Dividend0.97
Producer Manufacturing
Electrical Products
24.5KHavells India Ltd Company History
1983
- Incorporated as Havell's India Private Limited.
- Promoted by Qimat Rai Gupta and Surjit Kumar Gupta.
- Established switchgear manufacturing facilities at Samepur Badli, Delhi.
- Entered technical collaboration with Christian Geyer GmbH & Co., Germany for MCBs.
1989
- Added in-house tool room for sheet metal and moulding tools.
1991
- Amalgamated with Elymer Havell's Pvt. Ltd.
1992
- Changed name to Havell's India Limited.
- Signed technical collaboration with Schiele Industriewerke, Germany for ELCBs.
1994
- Launched IEC design contractors, relays, and motor starters.
- Finalized marketing tie-ups in UAE, Oman, Kuwait, and Egypt.
1995
- Introduced Product Managers and Industrial Teams.
1996
- Entered new technical collaboration with Schiele for controlgear upgradation.
- Entered manufacture of three phase energy meters.
- Entered manufacture of low tension power cables.
- Signed JV with Hanson Electrical, UK.
1997
- JV partners agreed to exclusively market MCBs worldwide.
- Introduced Dorman Smith brand MCCBs in India via UK JV.
- Signed JV with Ampy Automation Digilog Ltd., UK.
1998
- Cable division at Alwar received ISO-9001 certification.
- Signed JV with DZG Germany.
- Launched Crabtree brand modular plate switches.
- Entered technical collaboration with Geyer for miniature circuit-breakers.
1999
- Entered strategic partnership with Cambridge Technology Partners India for ERP.
- Formed 50:50 JV with DZG Germany for energy meters.
2000
- Entered JV with Standard Electricals Ltd. holding 60%.
- Acquired 60% stake in Duke Arnics Electronics Ltd.
2001
- Awarded highest revenue payer award for 2000.
- Acquired 100% shareholding in Standard Electricals Ltd.
2004
- Forayed into luxury bathroom fittings under Crabtree Frattini brand.
- Sold shareholding in Standard Electricals Limited.
- Acquired Sri Lankan CFL company.
2005
- Set up fans manufacturing plant in Haridwar.
- Awarded KEMA certification.
- Set up R&D center in Noida.
- Issued bonus shares in 1:1 ratio.
2006
- Sabina Geyer resigned from Directorship.
- Merged Crabtree India with Havells India.
- Received ISI certification for complete CFL range.
- Expanded Alwar manufacturing plant.
- Issued bonus shares in 1:1 ratio.
2007
- Appointed N. Balasubramanian as additional director.
- Acquired Sylvania lighting business.
- Received US$110 million investment from Warburg Pincus.
- QRG Group acquired majority stake in Central Hospital and Research Centre, Faridabad.
2008
- Appointed Sanjay Johri as Company Secretary.
- Set up fully automatic plant for Havells Lafert Motors at Neemrana.
- Changed corporate brand identity.
- Adopted RoHS norms for CFLs as first Indian manufacturer.
2009
- Opened second exclusive showroom Havells Galaxy in Chennai.
- Launched India's first HPF CFL.
- Launched India's first BEE 5* rated fan.
- Consolidated CFL manufacturing plant at Neemrana.
2010
- Appointed S. K. Tuteja as Additional Director.
- Issued bonus shares in 1:1 ratio.
2011
- Forayed into premium appliances market.
- Entered JV with Shanghai Yaming Lighting Co. Ltd.
2012
- Recommended dividend of Rs. 6.50 per equity share.
2013
- Recommended dividend of Rs. 7.50 per equity share.
2014
- Recommended dividend of Rs. 10 per equity share.
- Subdivided equity shares from Rs. 5 to Rs. 1.
2015
- Launched country's first most energy efficient fan ES 40.
- Launched India's first brightest LED lamps range LUMENO in Neemrana.
- Added first 'Made in India' MCB to portfolio.
- Acquired 51% stake in Promptec Renewable Energy Solutions.
- Launched EURO-II series MCBs and RCCBs in Odisha market.
- Launched switchgear products in Eastern Region.
- Inaugurated new office in Haldwani, Uttarakhand.
2016
- Received order for LED Street Lights from EESL.
- Launched first indigenous MCB and RCCB Euro II series.
- Launched entry level modular switches Reo Bliss.
- Planned launch of solar power products.
2017
- Unveiled revolutionary range of fans for contemporary homes.
- Acquired consumer durable business of Lloyd Electric.
- Signed MoU with Hyundai Electric.
- Entered water purifier segment.
- Launched new ad campaign for lighting.
- Crabtree fortified presence in Rajasthan.
2018
- Launched range of unique water purifiers.
2019
- Introduced new range of water purifiers in Rajasthan.
- Launched India's first complete Square Pedestal Fan.
2020
- Launched intelligent fan Carnesia-I with smart mode.
- Launched Delite Alkaline High Recovery eco-friendly water purifier in Pune.
- Launched anti-bacterial switch range.
- Received Gold Certification for Green Factory Building Rating System.
2021
- Launched Anti-Viral Anti-Bacterial switch range.
- Received India Design Mark 2021 for Endura Pearl Grand Street light series.
- Received India Design Mark 2021 for Puro Storage Electric Water Heater.
2022
- Launched ECOACTIV energy efficient fan models.
- Launched storage water heaters Otto and Orizzonte.
- Launched campaign for 'Unconventionally Beautiful' water heater range.
- Reintroduced 'Hawa Badlegi' campaign for Stealth BLDC ceiling fans.
2023
- Launched Lloyd consumer durable brand in Middle East market.
