• About
  • Contact
Saturday, July 2, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

“Business is done with conviction, not with a calculator” – the story of Havells India

Sourav by Sourav
June 3, 2019
in Retail, New posts
Reading Time: 3 mins read
A A
0
Source - www.btvi.in

Source - www.btvi.in

Sometimes I feel our generation is so obsessed with VC funded Silicon Valley unicorns of the Online world, that we forget that there are some strong companies which have grown from literally nothing. We, at Next Big Brand – NBB continuously celebrate the second kind.

One of such companies is Havells India who have had an amazing journey and an equally inspiring story.

Today, Havells India Limited is one of the largest electrical equipment companies in India. In business since 1958, the company has products ranging from home and kitchen 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 - NextBigBrand
Image Source:- www.glassdoor.co.in

Early Days and Humble Beginnings

To understand a company like Havells India, it is important to understand the brand’s humble beginnings and its legacy. Qimat Rai Gupta or QRG, founder of Havells, started his journey in an electrical shop in Old Delhi.

It was pure destiny but while visiting Delhi on a holiday, QRG got a chance to manage his uncle’s electrical goods shop in Bhagirath Palace. Impressed by QRG’s enthusiasm, his uncle made him an equal partner in his trading business. QRG’s aspirations soon overtook his uncle’s appetite for risk, and he bought out his uncle’s interest in the business to pursue a more aggressive expansion plan. He built a successful trading business, but the thin margins were not enough to satisfy his ambition. So he acquired brand Havells and ventured into selling his own products.

As part of its strategy to enter new segments to grow the business, Havells has taken the acquisition route when needed to tap into opportunities that offer access to products with sizeable potential. The acquisition of Lloyd allowed the company to foray into the $15-billion consumer durables industry.

Lloyd has roped in Bollywood star-couple Deepika Padukone and Ranveer Singh as its brand ambassadors, replacing Amitabh Bachchan. The newly-wed couple will be promoting Lloyd’s range of consumer durables, including air conditioners, washing machines, and televisions.

Havells India Products - NBB
Image Source – www.magicbricks.com

The success of any company is told through numbers. And Havells’ numbers speak volumes.

The company’s Net revenue for FY17 grew to Rs 6,135 crore compared to Rs 5,378 crore in FY16, annual growth of 14 percent.

  • The Electrical consumer durables business grew by 22 percent to Rs 1,378 crore in FY17 as compared to Rs 1,126 crore in FY16.
  • The Lighting and fixtures business grew by 6 percent to Rs 843 crore in FY17 as against Rs 793 crore the previous year.
  • The Switchgear business grew by 11 percent to Rs 1,406 crore in FY17 as against Rs 1,272 crore in FY16.
  • The Cable business grew by 9 percent to Rs 2,379 crore in FY17 as against Rs 2,187 crore in FY16.

The company has recently forayed into personal grooming space by launching an array of high-quality personal care products and entered the home automation, air purifier and water heaters categories.

Havells India owns brands like Havells, Lloyd, Crabtree, Standard Electric, and Promptech. The company has 23 branches and local offices with over 6,000 workers in over 50 countries

From an electrical consumer durables label in a segment dominated by male buyers, Havells is now perceived as a household brand targeting woman, too, with kitchen appliances, refrigerators, TVs and ACs.

Previous Post

Blackberry’s messenger is over

Next Post

Car Sales Drop Again as Companies Report Lower Sales Volumes in May

Sourav

Sourav

Excellent story-teller, with a background in SEO and Digital Marketing. Likes to write and give form to opinion and incidents.

Related Posts

Mensa Brands Acquires Pebble
News

Mensa Brands Acquires Homegrown Smart Wearable Brand Pebble

June 14, 2022
Sugar Cosmetics Founders
News

SUGAR Cosmetics Bags $50 Million Led by L Catterton

May 31, 2022
High street essentials founders
News

High Street Essentials Bags 40 Crore From Stride Ventures

May 20, 2022
paytm mall
News

Jack Ma Exits Paytm Mall, Sells 43% For Rs 42 Crore Valuation Down To Rs 100 Crore

May 17, 2022
Zepto Founders
News

Zepto Raises $200 Million, Nears Unicorn Status As Valuation Reaches $900 Million

May 3, 2022
Nykaa Founder
News

Nykaa Announced Acquisition of 18.51% Stake In Beauty Brand Earth Rhythm For ₹41.65 Crore

April 22, 2022
Next Post
Car Showroom - NBB

Car Sales Drop Again as Companies Report Lower Sales Volumes in May

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BROWSE BY TOPICS

Acquiring amazon Apple Brands brand story Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian Crypto Startups Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Mukesh Ambani Netflix NFT NFT Collection NFT India Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india startups in india Swiggy Tiktok Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad WazirX YouTube Zomato
check more news on that pages youtube converter, filme online 2022, filme porno mature, porno amatoriale, nxnxx.org, https://xvideosxnxx.org, https://xoxporn.net

Instagram

Follow Me!

Recent News

  • Understanding The Most Popular Types of NFTs
  • Facebook Starts Testing Ethereum and Polygon NFTs on Profiles
  • Binance Taps Most Popular Tiktok Star Khaby Lame To Drive Web3 Adoption

Latest News

20220702 145214 0000

Understanding The Most Popular Types of NFTs

July 2, 2022
Facebook Meta nft profiles

Facebook Starts Testing Ethereum and Polygon NFTs on Profiles

July 1, 2022
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.