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About Havells
Anchored in manufacturing excellence, powering a smart, self-reliant India
Key Highlights
20
Product verticals
35
Branch offices
~17,000
Strong dealer network
4
Research centres
6
Brands
15
Manufacturing units
6,822
People strength
Product Portfolio
An extensive and well-balanced portfolio
Domestic switchgears | Capacitors | Switches | Industrial switchgears
Power cables | Flexible cables
Professional Luminaires | Consumer Luminaires
Fans | Appliances | Water Heaters
Motors | Solar | Pump | Water Purifiers | Personal Grooming Products (PGPs)
Air conditioner | Televisions | Washing machines | Refrigerators
Strategy
Well-laid out strategy based on the building blocks created over the past decades
Focus Area
Our Actions
Reinforcing the ethos of brand ‘Havells’
Straddling across different consumer groups and socio economic/income with clear positioning of each of the brand
Sustained investments in the brand to deepen connect with stakeholders
Enhancing brand reach across multiple channels with customised and unique targeting
Our Actions
Strengthening the relationship with our dealer network
Getting closer to the consumers through strong tie-ups with multi-brand outlets, regional retailers, and modern formats.Expanding in ecommerce
Going deeper by exploring new markets in the semi-urban and rural regions
Widening the customer base by catering a diverse set of base
Our Actions
Product extension & expansion with focus on innovation and product development and continued investments in R&D
Keeping consumer always in mind to develop products
Capability building that cuts across the businesses through centre of excellence
Thought leadership and development of breakthrough products serving consumer aspirations
Our Actions
Leveraging IT infrastructure for digital transformation, improving overall product experience and enhancing consumer journey
Deploying new-age digital technologies in all functions to drive consistent value-creation for stakeholders
Making technology an enabler and partner of business
Our Actions
Integrating individual & company aspiration
Entrepreneurial with distributed leadership
Developing leaders from within
Instituting wealth creation opportunity
Message from the Chairman and Managing Director
“We are proud of the Havells culture developed over the past few decades which evolves around customer centricity, entrepreneurship, equality, empathy, and ethics. Being customer centric enables us to deliver the highest level of service to our set of customers, including our channel partners and end consumers”
Anil Rai Gupta
Chairman and Managing Director
Financial Highlights
Net Revenue
₹16,868 Cr
Ebitda
₹1,603 Cr
pat
₹1,075 Cr
Earnings Per Share
₹17.16
Board of Directors
Anil Rai Gupta
Chairman and Managing Director
Surjit Kumar Gupta
Non-Executive Non-Independent Director
Ameet Kumar Gupta
Whole-Time Director
Rajesh Kumar Gupta
Whole-Time Director (Finance) and Group CFO
Siddhartha Pandit
Whole-time Director
T.V. Mohandas Pai
Non-Executive Non-Independent Director
Puneet Bhatia
Non-Executive Non-Independent Director
Jalaj Ashwin Dani
Independent Director
Upendra Kumar Sinha
Independent Director
Subhash S. Mundra
Independent Director
B. Prasada Rao
Independent Director
Vivek Mehra
Independent Director
Namrata Kaul
Independent Director
Ashish Bharat Ram
Independent Director
2,139 MWh Energy Saving through 40+ energy saving initiatives
307 MWh Renewable Energy generated from food waste to biogas plant
9,470 MWh Total Renewable Energy Generation
Total 1,711 CO2 e Mt Mitigation in FY 2022-23 through energy saving
Total 7,331 CO2 e Mt Mitigation through solar generated energy in FY 2022-23
Transition to PNG from HSD at the process level (furnace) which will offset ~ 550 MT of CO2 in FY 2023-24
Achieved 100% target to collect and recycle
Achieved 100% target to collect and recycle 3,617 MT Plastic waste through EPR Programme
1.3% Total Hazardous waste to Landfill
Zero Non-Hazardous Waste to Landfill
Roll out of ESG Scorecard to review the Plant ESG Performance
Inaugurated one of biggest brand stores pan India which is being managed and run by 100% female staff at Bhubaneswar
At our newly commissioned plant in Sri City, we are targeting to run the entire operations by 100% female workers
Capitals
Financial Capital
Strengthening financial position through resilient performance
FY 2022-23 WAS CHARACTERISED BY RISING INPUT COSTS AND WEAKENING CONSUMER DEMAND. A COMBINATION OF PRUDENT FISCAL PRACTICES, OPERATIONAL EXCELLENCE, SOLID BRAND CREDIBILITY, AGILE AND FLEXIBLE BUSINESS MODEL ENABLED US TO DELIVER RESILIENT OUTCOMES. THIS IS FURTHER ENABLED BY OUR SOLID FINANCIAL
Manufactured Capital
Building competencies for the future
WE ARE CONTINUALLY INVESTING IN BETTER MANUFACTURING PROCESSES AND SYSTEMS TO CREATE A PORTFOLIO OF GLOBALLY BENCHMARKED PRODUCTS THAT CATER TO CUSTOMER REQUIREMENTS AND CREATE VALUE FOR THEM.
Intellectual Capital
Bolder innovations for a smarter and safer world
WE ARE FOCUSSED ON ENHANCING OUR INNOVATIVE CAPABILITIES TO BUILD SMART AND SUSTAINABLE SOLUTIONS FOR OUR CUSTOMERS’ EVOLVING NEEDS. WE ARE EMBRACING BETTER TECHNOLOGIES, COMPETITIVE INTELLIGENCE, AND MARKET UNDERSTANDING TO STRENGTHEN OUR INTELLECTUAL CAPITAL AND COMPETITIVENESS.
Human Capital
Striving to be a great place to work and grow
OUR PEOPLE ARE AT THE CORE OF OUR BUSINESS AND THE REASON FOR OUR SUCCESS. OUR ROBUST POLICIES ARE AIMED AT PROVIDING AN INCLUSIVE WORK ENVIRONMENT AND IMBIBING A CULTURE OF TRANSPARENCY, INCLUSION, COLLABORATION, AND EXCELLENCE TO MEET THE ASPIRATIONS OF OUR PEOPLE WHILE ENSURING THEIR SAFETY AND WELFARE.
Social and Relationship Capital
Delivering superior experiences to customers
OVER THE YEARS, WE HAVE CONTINUOUSLY ENGAGED WITH ALL OUR STAKEHOLDERS INCLUDING CUSTOMERS, EMPLOYEES, SUPPLIERS, BUSINESS PARTNERS, AND COMMUNITIES TO CREATE SUSTAINED VALUE FOR ALL.
Natural Capital
Pioneering for a sustainable world
WE MAKE CONCERTED EFFORTS TO UPHOLD ENVIRONMENTAL RESPONSIBILITY AND REDUCE EMISSIONS BY PURSUING A LOW-CARBON GROWTH PLAN. INCREASING THE USAGE OF RENEWABLE ENERGY, CREATING ECO-FRIENDLY PROCESSES, AND REDUCING ENERGY AND WATER CONSUMPTION IN OUR ACTIVITIES ARE OUR FOCUS AREAS.
Business Model
Built to deliver consistent growth
OUR BUSINESS MODEL IS PROPELLING US TOWARDS OUR VISION OF DELIVERING HIGH QUALITY ELECTRICAL AND CONSUMER DURABLE PRODUCTS WHILE ALSO DEMONSTRATING ITS ADAPTABILITY AMIDST ONGOING CHALLENGES.
