Whirlpool of India Ltd
NSE: WHIRLPOOL BSE: 500238
₹826.15
+11.15 (1.37%)
Mon, 09 Nov 2026, 11:38 am
Market Cap (in Cr)10332.44
PE Ratio41.78
Dividend0.61
Consumer Durables
Electronics/Appliances
24.5KWhirlpool of India Ltd Company History
1960
- Incorporated on July 19; obtained certificate of commencement of business on August 9.
- Formed in collaboration with Kelvinator International Corporation, U.S.A., for manufacture of refrigerators, compressors, and allied products.
- Issued 50,000 shares without cash to foreign collaborators; 300,000 shares to public, promoters, directors.
1971
- Issued 140,000 bonus shares in proportion 2:5.
1973
- Issued 390,000 bonus shares in proportion 1:1.
1974
- Established factory for electrical grade stampings in collaboration with Thermal Refrigeration Ltd., U.K.
- Issued 490,000 rights shares at par in proportion 1:2.
1975
- Established modern tool room for manufacture of tools, dies, jigs, and fixtures.
1976
- Established factory for electro-mechanical cash registers in collaboration with Gross Cash Registers Ltd., U.K. (now Chubb Cash Ltd.).
1980
- Offered 280,000 shares for public subscription at premium Rs 2.50 per share in August/September.
1982
- Merged Aravalli Svachalit Vahan Ltd. effective May 26.
- Received industrial licence/letter of intent for 12,000 mopeds per annum; planned separate factory in collaboration with Agrati-Carelli Spa.
- Rajasthan High Court approved amalgamation scheme on May 14; Delhi High Court on May 26.
- Allotted 25,000 equity shares to Aravalli Svachalit Vahan Ltd. shareholders in proportion 1:40.
- Expo Machinery Ltd. and Kelbex International Ltd. became wholly owned subsidiaries; Sanskrit Investment Pvt. Ltd. and Epsilon Investment Pvt. Ltd. ceased to be subsidiaries.
1983
- Received letter of intent to increase refrigerator capacity from 200,000 to 500,000 units; letter of intent for washing machines.
- Government extended collaboration with White Consolidated Industries for compressors for 5 years.
- Issued 1,775,000 bonus equity shares in proportion 1:1.
1984
- Issued 300,000 15% non-convertible debentures of Rs 100 to Unit Trust of India on private placement.
1985
- Entered collaboration with White Consolidated Industries for washing machines.
- Government extended collaboration with White Consolidated Industries for compressors for 5 years.
- Issued 400,000 15% secured non-convertible debentures of Rs 100 to UTI, LIC, GIC, ICICI on private placement.
1986
- Introduced 300L 2-door refrigerator, VIP-1 single-speed moped, VIP-3 3-speed kick-start moped, and two new cash register models.
- R&D introduced Avanti auto gear and Avanti-3 gear mopeds.
1987
- Proposed implementation of washing machines and microwave oven projects.
1989
- Introduced Zannusi model refrigerators; modernized refrigeration division; introduced new moped models.
- Undertook project for super enamelled copper wire manufacture.
- Offered 563,380 12.5% secured redeemable partly convertible debentures of Rs 180 on rights 9:50.
- Issued 28,170 debentures to employees; 6,525 taken up.
- Issued 79,400 equity shares at premium Rs 70 to White Consolidated Industries; 76,495 allotted.
- Issued 41,96,400 bonus shares in proportion 1:1.
1990
- Operations affected by 45-day lock-out at Faridabad and Ballabgarh plants.
- Introduced two sizes of microwave ovens.
- Allotted 569,905 equity shares at premium Rs 70 on conversion of 12.5% debentures.
1991
- Declared lock-out from October 3 lasting 75 days at Faridabad and Ballabgarh plants.
- Introduced 310L single-door Sterling refrigerator; proposed 310L 2-door model.
- Indigenized microwave ovens; commenced production of hermetic grade dual coated winding wire.
1992
- Offered 2,219,876 15% secured partly convertible debentures of Rs 170 on rights basis 1:5; all taken up.
- Offered 110,994 debentures to employees; 3,900 taken up.
- Issued 41,96,400 bonus shares in proportion 1:2.
- Allotted 44,67,552 equity shares at premium Rs 40 on conversion of 15% debentures.
- Allotted 5,96,975 equity shares to White Consolidated Industries.
1993
- Entered tie-up with Whirlpool Corporation; Whirlpool to purchase White Consolidated Industries' 2,086,796 shares.
- Merged Expo Machinery Ltd.; allotted 7,500,000 shares to Whirlpool Washing Machines Ltd. shareholders at 1:4 ratio.
1994
- Developed Sterling Supreme 165L refrigerator with improved aesthetics and new freezer frame door.
- Allotted 14,100,000 shares at premium Rs 187.16 to Whirlpool Mauritius Ltd. for 51% share capital.
1995
- Launched Whirlpool brand with 310L refrigerator in November.
1996
- Launched three variants of 165L and new 220L Direct Cool refrigerators.
- Pondicherry washer unit introduced re-styled fully automatic washing machine and 3.5kg twin-tub machine under Whirlpool brand.
- Undertook project for CFC-free No Frost refrigerators at Ranjangaon near Pune.
- Changed name to Whirlpool of India Ltd.
- Proposed disposal of compressor unit, plastic division, and automotive plant.
1997
- Signed MoU with Intrinsic Automation System Pvt. Ltd. to hive off electronic cash register division.
- Launched joint venture consumer finance company with Apple Industries.
- Introduced second Voluntary Retirement Scheme; 1,500 employees availed between March and December 1996.
- Launched three new washing machine models.
- Setting up greenfield no-frost refrigerator facility in Ranjangaon near Pune.
1998
- Whirlpool Financial India Private Ltd planned merger with Whirlpool of India Ltd.
- Launched Kaizen initiative for continuous improvement.
- Launched non-CFC frost-free refrigerators, first in India.
1999
- Entered strategic alliance with Whirlpool for manufacturing and marketing home appliances, discontinuing non-core lines.
2000
- Granted foreign collaboration approval for manufacturing refrigerators.
- Planned launch of new air-conditioner series.
- Received CRISIL P1+ rating for Rs 100 crore commercial paper programme.
- Launched Whitemagic Hotwash top-loading washing machine with heater.
- Offered Voluntary Retirement Scheme to Refrigerator Division employees.
- Launched Whitemagic Hotwash in Kerala market.
2001
- Offered Voluntary Retirement Scheme to employees, spending Rs 12.66 crore.
- Introduced direct cool and frost-free refrigerators in Kerala market.
2002
- Filed lawsuit with Godrej against LG Electronics India at MRTPC for misrepresenting capacity and volumes.
- Launched eight new refrigerators in frost-free and direct cool models.
2003
- Received ISO 9001:2000 certification for design and manufacturing of direct cool refrigeration.
2004
- Forged alliance with Faber Heatcraft Industries Ltd.
- Launched Ice Magic frost-free refrigerators.
- Launched single-door frost-control refrigerators in Kerala.
- Announced new Onam season scheme.
- Launched new range of refrigerators and washing machines.
- Delisted from Delhi Stock Exchange effective October 13.
- Entered distribution tie-up with Faber India.
2005
- Signed Ajay Devgan and Kajol for new family-targeted ad campaign.
- Launched Genius 180L direct cool refrigerator and premium window air-conditioners.
- Received AAA rating.
- Unveiled new Iceberg refrigerators.
2006
- Appointed Mahesh Krishna as Director effective October 27.
2007
- Joined hands with retailers for easier credit facilities.
2010
- Launched Jet Chef and Family Chef Collection of microwaves.
- Launched 4 new brand shops in Chandigarh.
- Launched Whirlpool ACE washstation washing machine.
- Launched new brand shops in Amritsar and Jalandhar.
- Won Best Consumer Durables Company at Dun & Bradstreet Corporate Awards.
- Won Readers Digest Trusted Brand Gold Award for refrigerators and washing machines.
2011
- Whirlpool Pondicherry Washer Facility received Gold Award in Economic Times Frost & Sullivan Manufacturing Excellence Award.
2012
- Launched new range of domestic products.
- Whirlpool ACE Washing Machine received Silver Medal at Edison Awards in Lifestyle and Social Impact category.
- Received ICWAI National Award for Excellence in Cost Management - Silver.
- Received Trophy for Export Excellence in EPO Service.
2013
- Launched Masterpiece Direct Cool Refrigerator.
- Won 2nd prize for best technical paper at 29th Indian Value Engineering conference.
- Named Readers Digest Trusted Brand Gold Award 2013 for refrigerators and washers.
2014
- Opened Whirlpool Haute Kitchen built-in experience centre in Jaipur.
- Protton World Series Refrigerator Range won Designomics 2014 award.
- Neo I Chill Refrigerator and 360° Bloomwash Washer received India Design Mark 2014.
2015
- Opened Whirlpool Haute Kitchen built-in experience centre in Bangalore.
- Protton World Series Refrigerator Range won Designomics 2015 award.
- Recognized as Aon Hewitt Best Employer in India.
2016
- Unveiled new range of air purifiers.
- Introduced Neofresh range of frost-free refrigerators with Intellifresh technology.
- Donated water purifiers for World Water Day.
2018
- Introduced advanced range of dishwashers.
- Entered strategic joint venture with Elica.
- Planned to acquire 49% stake in Elica PB.
2019
- Contributed to social and economic development of local communities near manufacturing sites.
- Offered range of 5-star energy rated washing machines.
2020
- Recognized as one of India's Best Workplaces in consumer durables sector.
- Launched Intellifresh Pro bottom mount refrigerator powered by Adaptive Intelligence Technology.
- Recognized as Superbrand 2019 for refrigerators and washing machines.
2021
- Launched W Series range of premium Quattro (4-door) refrigerators.
- Introduced Intellifresh Pro bottom mount refrigerator with 10-in-1 convertible modes powered by advanced AI technology.
- Celebrated everyday moments of extraordinary care.
