1|P ag e

Submitted to Tumakur university in partial fulfillment of requirement for the

Award of the degree of
MASTER OF BUSINESS ADMINISTRATION.

Submitted by: HARSHA G M

(Reg. no – P11MS23M015O35)

UNDER THE GUIDENCE OF

DR.RAJESHWARI.P
Associate professor

SRI SIDDHARTHA INSTITUTE OF MANAGEMENT STUDIES,

(Affiliated to TUMKUR UNIVERSITY approved by AICTE, Delhi)
Maralur, Tumkur- 572105, Karnataka
2024
2|P ag e

SRI SIDDHARTHA INSTITUTE OF MANAGEMENT

STUDIES
Affiliated to Tumkur University, Recognized by Govt. Of Karnataka & Approved by AICTE, New Delhi.
SSIT Campus, Maralur, Tumkur-572105, Karnataka, India, Ph.: 0816-2201743
Email: [email protected] / [email protected], Website : www.ssims.edu.in

CERTIFICATE

This is to certify that HARSHA G MAMLE PATTANSHETTAR bearing

Reg. P11MS23M015034 is a bonafide student of the Master of Business
Administration course of the Institute (2023-2024 Batch), Affiliated to Tumkur
University. The Organisation Analysis Report has been done with special
reference to (HAVELL’S INDIA LTD) and is prepared by her/his under the
guidance of (Dr.RAJESHWARI P), in partial fulfilment of the requirements
for the award of the degree of Master of Business Administration of Sri
Siddhartha Institute of Management Studies. Tumkur.

Signature of Guide Principal

Dr.Rajeshwari .P
(Dr. B AZMATULLA)
MBA,FCHRD,PGDPM & IR,LL.B,M.Phil,Ph.D
Department of MBA SSIMS, Tumkur
SSIMS, Tumkur
3|P ag e

DECLARATION

I, HARSHA G M hereby declare that the Organisation Analysis with reference

to “HAVELL’S INDIA LTD” prepared by me under the guidance of
Dr.RAJESHWARI P Assistant Professor, M.B.A Department, Sri Siddhartha
Institute of Management Studies, Maralur, Tumkur and

I also declare that this Organisation Analysis report is towards the partial
fulfillment of the university regulations for the award of the degree of Master of
Business Administration by Tumkur University, Tumkur

I further declare that this Report is based on the original study undertaken by me
and has not been submitted for the award of any degree from any other
University Institution.

Place: Tumkur Signature:

Date: Name: HARSHA G M

 4|P ag e

Table of Content
Chapter No. TITLE Page No.
01 Introduction About organisation
Industry Profile
History & Background of Organisation
05 – 25
Vision & Mission
Profiles of chairman, CEO, MD
Board of Directors
CSR Initiatives
Technical & Other Collaboration
Recent Mergers & Acquisitions(if any)
02 Organization Structure
Geographical Footprint
Functional areas / Departments certifications
26 - 35
Initiative towards
 Gender diversity
 Social inclusion
 Environmental conservation
Highlight of Company Website
03 Product line, Brand
Major Customer
Advertising
 Punch line / slogan
36 - 44
 Logo
 Advertising agency
Competitors
 Global / local players
Technological Development

04 SWOT Analysis 45 - 50
MC- Kinsey 7’s Model
05 Analysis Of Financial Statement 51 - 66
06 Conclusion 67 - 68

07 Bibliograpy 69 -
5|P ag e

Chapter-1

Introduction

Havells India Limited is an Indian multinational electrical equipment company, based

in Noida. It was founded by Haveli Ram Gandhi, later sold to Qi mat Rai Gupta who was his
distributor. The company manufactures home 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 owns
brands like Havells, Lloyd, Crabtree, Standard Electric, Reo and Promptec.
6|P ag e

Industry Profile:

Electrical industry profile

The electrical industry is a vital sector that plays a crucial role in modern society. It
encompasses the generation, transmission, distribution, and utilization of electrical power, as
well as the design, manufacturing, and maintenance of electrical systems and equipment. The
industry is diverse and includes a wide range of businesses, from large utility companies to
small electrical contractors. Here is a profile of the electrical industry:

Power Generation: This sector involves the production of electricity from various sources
such as fossil fuels (coal, oil, natural gas), nuclear energy, renewable sources (hydroelectric,
solar, wind, geothermal), and others. Power generation companies operate power plants and
sell electricity to distribution companies or directly to industrial and commercial customers.

Power Transmission: The transmission. sector deals with the high-voltage transmission of
electricity over long distances. Transmission companies own and operate the power grids that
connect power plants to distribution. systems. They ensure the reliable and efficient delivery
of electricity across regions.

Power Distribution: Distribution companies receive electricity from generation or

transmission sources and deliver it to end-users. They operate the local power grids and
manage the voltage transformation and distribution to residential, commercial, and industrial
customers. Distribution companies are often responsible for metering, billing, and customer
service.

Electrical Equipment Manufacturing: This sector involves the design, manufacturing, and
supply of electrical equipment and components. It includes companies that produce power
7|P ag e

generation, transmission, and distribution equipment, as well as those that manufacture

electrical components such as transformers, switchgear, motors, cables, and lighting fixtures

Electrical Contracting: Electrical contracting companies install, maintain, and repair electrical
systems and equipment in residential, commercial, and industrial settings. They employ
electricians who wire buildings, install electrical fixtures, and ensure compliance with
electrical codes and safety standards. Electrical contractors may work on new construction
projects or provide maintenance services for existing electrical systems.

Renewable Energy and Energy Efficiency: With a growing emphasis on sustainability and
environmental concerns, the electrical industry is increasingly focused on renewable energy
sources and energy efficiency. Companies in this sector develop and deploy renewable
energy technologies, such as solar panels, wind turbines, and energy storage systems. They
also provide energy efficiency solutions, helping customers reduce their energy consumption
and costs.
8|P ag e

Electrical Engineering and Consulting: Electrical engineering firms offer design, consulting,
and project management services for electrical systems and infrastructure projects. They
work on a range of projects, from power plant design to electrical system integration in
buildings and industrial facilities. Electrical consultants provide expertise in areas such as
power system analysis, lighting design, and electrical safety. Regulatory and Standards
Bodies: The electrical industry is highly regulated to ensure safety, reliability, and
interoperability of electrical systems and equipment. Regulatory bodies establish standards,
codes, and guidelines that govern the industry. They oversee areas such as electrical wiring,
equipment safety, power quality, and grid reliability. Examples include organizations like the
International Electrotechnical Commission (IEC) and the Institute of Electrical and
Electronics Engineers (IEEE).

Trade Associations and Professional Organizations: The electrical industry is supported by

various trade associations and professional organizations that promote the interests of the
industry and its members. These organizations provide networking opportunities, industry
research, training programs, and advocacy for electrical professionals and businesses.
Examples include the National Electrical Contractors Association (NECA) and the
International Association of Electrical

Inspectors (IAEI). Employment and Skills: The electrical industry employs a wide range of
professionals, including electricians, electrical engineers, power plant operators, line workers,
technicians, and sales and management personnel. Electrical workers require specialized
skills and knowledge in areas such as electrical theory, wiring practices, safety protocols, and
industry regulations. Overall, the electrical industry is dynamic and constantly evolving,
driven by technological advancements, changing energy landscapes, and increasing demands
for reliable and sustainable power. It plays a critical role in powering homes, businesses, and
industries, and contributes significantly to economic development and modern living
standards.
9|P ag e
10 | P a g e

Histoy and Background of Organisation

In 1983, it bought the loss-making Delhi-based Towers and Transformers Ltd and turned it
around in a year. Between 1997 and 2001, Havells also bought ECS, Duke Arnics
Electronics, Standard Electricals and Crabtree India. There was a 50:50 joint venture between
Havells and the UK-based Crabtree, and Havells later acquired Crabtree's stake in the Jn. In
2007, Havells acquired European lighting company Sylvania for about €200 million. In
2010,Havells introduced ceramic metal-halide lamp.

In April 2015, Havells acquired a 51% majority stake in Promptec Renewable before
increasing its stake in the company to 100% in 2018. In December 2015, Havells sold 80%
stake in Sylvania Malta and Havells Exim Hong Kong to Shanghai Feilo Acoustics
for ₹1,070 crore (US$166.79 million) and sold the remaining 20% two years later. In
February 2017, it acquired the consumer durables business of Lloyd Electricals at
an enterprise value of ₹1,600 crore (US$245.69 million)

Havells India Limited is the country’s leading Fast Moving Electrical Goods (FMEG)
manufacturer, producing a wide range of world class industrial and consumer electrical
products. The Company works in step with the Make in India initiative and has an extensive
production and distribution network across India and the world. Havells manufacturers 90%
all its products in house. The Company has an extremely strong global presence across 50
countries with manufacturing units in China, Europe, Africa and Latin America apart 7
manufacturing locations in India. Our domestic manufacturing plants are located in Dehli
NCR, Alwar, Baddi, Faridabad, Haridwar, Neemrana and Sahibabad.
11 | P a g e

2010

- Havells India Ltd has appointed Mr. S. K. Tuteja as an Additional Director.

- Havells India has given the Bonus in the Ratio of 1:1

2011

-Havells foraying in premium appliances market

-Havells India Entering into a Joint Venture (JV) with Shanghai Yaming Lighting Co. Ltd.

2012

-Havells India has recommended of Dividend @ Rs. 6.50 per equity share of Rs. 5/- each i.e.
130%

2013

–Havells India has recommended of Dividend @ Rs. 7.50 per equity share of Rs. 5/- each i.e.
150%, for the financial year 2012-13.
12 | P a g e

2014

–Havells India has recommended of Dividend @ Rs. 10.00 per equity share of Rs. 5/- each

. -Havells India Ltd has undertaken a sub-division of its equity shares of Rs 5 into Rs one
each. -Havells India has splits its face value from Rs 5/- to 1/-

2015

-Havells India Ltd has launched the countrys first most energy efficient fan

- ES 40 -Havells India Ltd has launched India''s first brightest LED lamps range
""LUMENO" at its lighting fixtures plant in Neemrana, Rajasthan -Havells India

- Havells adds first 'Made in India' MCB to its portfolio

-Havells India, has got hold of a 51 per cent stake in Promptec Renewable Energy Solutions
at an enterprise value of a whopping Rs. 65 crore

-Havells India Ltd has launched a world class range of MCBs and RCCBs under EURO-II
series in Odisha market

. -Havells India launches world class products in Switchgear segment in the Eastern Region -
Havells India has inaugurated a new office in Haldwani, Uttarakhand

2016

-Havells India receives order for LED Street Lights from EESL

-Havells India launches its first indigenous MCB and RCCB- Euro II series -Havells
launches entry level modular switches Reo Bliss

-Havells India to launch solar power products

13 | P a g e

2017

- Havells unveils revolutionary range of fans for contemporary homes

- Havells acquires consumer durable business of Lloyd Electric

- Havells India signs MoU with Hyundai Electric

- Havells enters water purifier segment - Havells’ arm strengthen its consumer product
portfolio - Havells Launches New Ad Campaign Lighting Making a Difference in Your Life -
Crabtree fortifies its presence in Rajasthan

2018

- Havells India launches range of unique water purifiers.

2019

-Havells introduces new range of best in class water purifiers in Rajasthan

. -Havells Launches d IndiaÂ’s first complete Square Pedestal Fan.

2020

-Havells launched, countryÂ’s first intelligent Fan Carnesia-I with smart mode. -Havells
launches Delite Alkaline High Recovery, Eco-friendly Water Purifier in Pune. -Havells
launches anti-bacterial switch range for a healthy home.

-Gold Certification award for Green Factory Building Rating System.

2021

-Havells launches Anti-Viral Anti-Bacterial switch range to promote safe lifestyle.

-Company receives Indai Design Mark

2021 for Endura Pearl Grand Street light series. -India Design Mark 2021 for Puro Storage
Electric Water Heater.
14 | P a g e

2022

-Havells Redefines the Energy-Efficient Fan Market, Launches New Range of ECOACTIV
Energy Efficient Models

. -Havells Launches Unconventionally Beautiful Range of Storage Water Heaters - Otto and
Orizzonte

. -Havells Launches a New Campaign Showcasing its ‘Unconventionally Beautiful’

Water Heater Range

. -Havells Reintroduces its Iconic ‘Hawa Badlegi’ Campaign, Showcasing Stealth BLDC
Ceiling Fan Range.

2023

-Havells, largest Indian FMEG company launches Lloyd , its leading Consumer Durable
brand in the Middle East Market..
15 | P a g e

Havells India Limited

Company Public
type

 BSE: 517354
Traded as
 NSE: HAVELLS
ISIN INE176B01034

Industry  Electrical equipment

 Home appliances
Founded 1958; 66 years ago[1]

Founder Qimat Rai Gupta

Headquarters Noida, Uttar Pradesh, India

Area served Worldwide

Key people Anil.Rai.Gupta

(Chairman & MD)

Products Fast Moving Electrical Goods

16 | P a g e

Revenue ₹18,839 crore

Net income ₹1,271 crore

Number of 5,781 (2020)

employees

Divisions  LV Motors
 Home applications
 Kitchen appliances
 Lighting
 Consumer and industrial switchgear
 Cables and wires
 Electrical equipment
Website www.havells.com

Havells India Limited is the country’s leading Fast Moving Electrical Goods (FMEG)
manufacturer, producing a wide range of world class industrial and consumer electrical
products. The Company works in step with the Make in India initiative and has an extensive
production and distribution network across India and the world. Havells manufacturers 90%
all its products in house. The Company has an extremely strong global presence across 50
countries with manufacturing units in China, Europe, Africa and Latin America apart from 7
manufacturing locations in India. Our domestic manufacturing plants are located in Dehli
NCR, Alwar, Baddi, Faridabad, Haridwar, Neemrana and Sahibabad.
17 | P a g e

Vision,Mission,Values of the Company

VISION
To be a globally recognised corporation known for excellence, governance, consumer delight and
fairness to each stakeholder including the society and environment in which we operate.

Mission

To achieve our vision through business ethics, global reach, technological expertise, building
long-term relationships with all our associates, customers, partners and employee

VALUE

Customer Centricity
A commitment to put our customers at the center of everything we do & surpass their
expectations.

Entrepreneurship
A commitment to grow relentlessly displaying owner’s mindset to deliver best in class products
& services.

Empathy

A commitment to care and respect for all our stakeholders.

Humility and Simplicity

A commitment to be sincere, open, honest & truthful in our dealings.

Equality
A commitment to work in an egoless, boundaryless manner.

Ethics & Governance

A commitment to set highest standards for our business based on mutual trust and professional
integrity.
18 | P a g e

Quality Policies of Havells:

Havells, as a company, typically outlines its quality policies to ensure that its products meet or
exceed customer expectations. While I don't have access to specific documents outlining Havells'
quality policies, here are some common quality policies that many companies, including those in
the electrical equipment industry like Havells, might adhere to:

1. Commitment to Quality: Havells may express its dedication to delivering high-quality

products that meet regulatory standards and customer requirements.

2. Continuous Improvement: Emphasizing a culture of continuous improvement, Havells likely

strives to enhance its processes, products, and services continually.

3. Customer Focus: Prioritizing customer satisfaction, Havells may ensure that its products not
only meet but exceed customer expectations for performance, reliability, and safety.

4. Compliance and Standards: Havells likely adheres to all relevant industry standards and
regulations, ensuring that its products are safe, reliable, and environmentally friendly.

5. Supplier Partnerships: Building strong relationships with suppliers who share their
commitment to quality is crucial for Havells to ensure the quality of raw materials and
components used in their products.

6. Employee Involvement: Involving employees in quality improvement initiatives can be vital

for Havells to harness the collective knowledge and expertise of its workforce.

7. Quality Assurance Processes: Implementing robust quality assurance processes throughout

the product lifecycle, from design and development to manufacturing and distribution, helps
ensure consistency and reliability in Havells' products.

8. Training and Development: Providing ongoing training and development opportunities for
employees involved in product design, manufacturing, and quality control is essential for
maintaining high standard.

.
19 | P a g e

Profile of Chairman,CEO and MD

Anil Rai Gupta (born 20 April 1969) is an Indian businessman. He is the chair and
managing director of Havells India.

Gupta joined his father's company in 1992 as a non-executive director. He led Havells'.
acquisition of the European lighting company Sylvania and its restructuring as Havells
Sylvania

After his father's death in November 2014, Gupta succeeded him the chairman and managing
director of Havells. He has focused on expanding the company's range of electrical consumer
durables and improving its brand recognition.

Gupta is one of the founders of Ashoka University, a private liberal arts college in
Haryana. He wrote a biography of his father, Havells: The Untold Story of Qimat Rai
Gupta (2016), which was well received.

Gupta was awarded an Honorary Doctorate by his alma mater Wake Forest University in
2017 and the All India Management Association's Emerging Business Leader (2017). In FY
17–18 Anil Rai Gupta has also been honoured with ET Family Business of the year. Anil has
also been named as "Entrepreneur for the year 2019" Forbes India Forbes India Leadership
Award. He has been bestowed Business Today Best CEO in Consumer Durabale Category
consecutively for 2019 & 2020
 20 | P a g e

Board Of Directors:

 Surjit Kumar Gupta gets his fortune from his stake in Havells India, a company founded by
his late brother-in-law, Qimat Rai Gupta.

 Havells sells a range of electrical products such as fans and lights as well as consumer
durables, such as air conditioners and water heaters.

 Gupta used to work at the company but now has a board seat as a non-executive director.

 His son, Ameet, is also a director and oversees new projects and new product roll-outs.

 In 2024, Havells plans to expand its product range by launching built-in kitchen appliances
such as cooking stoves and chimneys.

Sujit Kumar Gupta Ameet Kumar Gupta

Non-Executive Non-Independent Director Whole Time Director

Ameet joined Havells in 1995 post his MBA in USA. He focussed on making Havells
technology savvy through collaborating with global companies initially and then developing
an in-house Research & Development Centre.

He believes in integrating manufacturing ethos with sustainability with an aim to give back to
environment more than we source. He is credited with Havells manufacturing more than 95%
of its products in-house against industry norms of less than 50%.
21 | P a g e

CORPORATE SOCIAL RESPONSIBILITY (CSR)

Social and environmental responsibility has always been at the forefront of Havells’ operatin
g philosophy and as a result the Company consistently contributes to socially responsible acti
vities. Corporate Social Responsibility (CSR) at Havells portrays the deep symbiotic relations
hip that the group enjoys with the communities it is engaged with. As a responsible corporate
citizen, we try to contribute for social and environmental causes on a regular basis. We believ
e that to succeed, an organization must maintain highest standards of corporate behavior towa
rds its employees, consumers and societies in which it operates.

We are of the opinion that CSR underlines the objective of bringing about a difference and a
dding value to our stakeholders’ lives. Havells Corporate Social Responsibility Policy is root
ed in the Company’s core values of quality, reliability and trust guided by international stand
ards and best practices driven by our aspiration for excellence in the overall performance of o
ur business. The CSR Policy is formulated in accordance with the provisions of section 135 o
f the Companies Act, 2013 and rules made thereunder and other applicable laws to the Comp
any.

We provide mid-day Meals in government schools in Alwar district of Rajasthan, covering

59,000 students in 690 schools per day. It is cooked in the state-of-the-art kitchens. A fleet of
26 meal vans with dedicated staff and drivers ensure regular supply of freshly cooked food
22 | P a g e

Technicual And Other Collaborations:

Havells, an Indian multinational electrical equipment company, engages in various
collaborations, technical partnerships, and strategic alliances to enhance its product offerings,
expand its market reach, and stay competitive in the industry. Here are some notable
collaborations and technical partnerships involving Havells:

1. Joint Ventures and Acquisitions: Havells has made strategic acquisitions and formed joint
ventures with companies across the globe to diversify its product portfolio and strengthen its
market presence. For instance, in 2007, Havells acquired German lighting company Sylvania,
thereby gaining access to advanced lighting technologies and expanding its global footprint.

2. Technology Partnerships:Havells collaborates with leading technology companies to

integrate innovative technologies into its products. These partnerships often focus on areas
such as energy efficiency, automation, and connectivity. By leveraging cutting-edge
technologies, Havells aims to offer products that meet the evolving needs of consumers and
businesses.

3. Research and Development Collaborations: Havells invests in research and development

initiatives and often collaborates with research institutions, universities, and technology firms
to drive innovation in its product development process. These collaborations enable Havells
to access new technologies, insights, and expertise, which are essential for developing next-
generation electrical solutions.

4. Marketing and Distribution Partnerships: Havells partners with distributors, retailers, and
marketing agencies to strengthen its distribution network and enhance its brand visibility.
These partnerships help Havells reach a wider audience and effectively market its products
across various regions and customer segments.
23 | P a g e

Mergers and Acquisations:

Havells buys Lloyd’s consumer durables business for Rs1,600 crore.

Lighting and electrical appliances company Havells India Ltd said it will acquire the
consumer durables business of Lloyd Electrical and Engineering Ltd, run by the B.R. Punj
Group, for Rs1,600 crore.

Havells signed the deal with Lloyd Electrical and Engineering and Fedders Lloyd Corp. Ltd,
as some of the consumer durable brands are co-owned by the two companies promoted by the
B.R. Punj Group.

Havells chairman and managing director Anil Rai Gupta said in a phone interview that the
company will fund the transaction with internal resources and Rs600-800 crore of debt. The
deal is expected to close in two months. Lighting and electrical appliances company Havells
India Ltd on Sunday said it will acquire the consumer durables business of Lloyd Electrical
and Engineering Ltd, run by the B.R. Punj Group, for Rs1,600 crore.

Havells signed the deal with Lloyd Electrical and Engineering and Fedders Lloyd Corp. Ltd,
as some of the consumer durable brands are co-owned by the two companies promoted by the
B.R. Punj Group.Havells chairman and managing director Anil Rai Gupta said in a phone
interview that the company will fund the transaction with internal resources and Rs600-800
crore of debt. The deal is expected to close in two months. A statement by Havells said the
acquisition is at an enterprise value of Rs1,600 crore on a debt-free, cash-free basis subject to
closing adjustments. Any debt this division may have at the time of transfer as a going
concern will be deducted from the transaction value of Rs1,600 crore. The acquisition covers
consumer business infrastructure, people, distribution network and intellectual property
relating to the brand Lloyd.

In the nine months ended 31 December, this division reported Rs1,242 crore revenue and
Ebitda of Rs75 crore. Ebitda stands for earnings before interest, tax, depreciation and
amortization, and is a measure of operating profitability.

Havells said that based on its run rate and past performance, full-year revenue is estimated at
Rs1,850 crore, with Ebitda of Rs110 crore.
24 | P a g e

Havells acquired Sylvania:

When electrical goods company Havells acquired Sylvania in 2007, all that it was looking for
was growth and a strong global presence. Instead, it had to grapple with a major crisis at
Sylvania, triggered by the global financial turmoil. The situation threatened to pull Havells
down, and it had to come up with a smart turnaround strategy. This case study looks at how
Havells pulled it off.

Qimat Rai Gupta quit his job teaching in a school in Punjab, and came to Delhi in 1958 with
Rs 10,000 in hand. He started an electrical goods trading company in the old part of the city,
but the market was too small for his ambitions. He spotted an opportunity in the distressed
Havells brand, named after its founder, Haveli Ram Gupta. He bought it for around Rs 7 lakh
in 1971, and followed up with a series of acquisitions, joint ventures and entry into new
product categories. Today, Havells India Ltd is a Rs 7,248-crore company. The journey hasn't
always been smooth, but the roughest patch was easily the 2007 acquisition of German
lighting and fixtures maker SLI Lighting, owner of the Sylvania brand.

SLI was then the world's fourth-largest lighting company and 1.5 times bigger than Havells.
It took Gupta minutes to make up his mind about buying it, while his senior management -
including son Anil Rai Gupta, nephew Ameet Gupta and Group CFO Rajesh Gupta - were
still weighing the pros and cons.

In February 2007, when negotiations with Sylvania's owners took place, some of Havells's
top bosses flew to London to seal the deal. Anil, Havells's Joint Managing Director, recalls
25 | P a g e

the sleepless night before they signed on the dotted line. He and cousin Ameet reckoned they
were paying more than they should. "The next morning, I called my father," says Anil. "I told
him we have paid i3 million (Rs 23.4 crore today) more. He said that in the big picture, the
figure was insignificant." Havells bought Sylvania for i200 million, plus pension liabilities of
i35 million.
26 | P a g e

Chapter-2

Havells Organization Structure.

Havells India Limited, a leading electrical equipment company in India, typically follows a
hierarchical organizational structure common in many corporations. Here's a general
overview of how their organizational structure might be structured:

1. Board of Directors: At the top of the hierarchy is the Board of Directors. They are
responsible for setting the company's strategic direction, making major decisions, and
overseeing the executive management team.

2. Chairman & Managing Director (CMD): The CMD is typically the highest-ranking
executive in the company. They are responsible for overseeing the overall operations of the
company and implementing the strategies set by the Board of Directors.

3. Executive Management Team: Reporting directly to the CMD, the executive management
team consists of top-level executives who oversee various functional areas of the company
such as finance, operations, marketing, human resources, and so on.

4. Departments/Functional Units: Underneath the executive management team are different

departments or functional units, each headed by a department head or manager. These
departments could include:

- Sales & Marketing: Responsible for sales strategies, distribution channels, and marketing
activities.

- Operations/Production: Overseeing manufacturing processes, supply chain management,

and quality control.

- Research & Development (R&D): Responsible for product innovation, development, and
testing.

- Finance & Accounting: Handling financial planning, budgeting, accounting, and

reporting.
27 | P a g e

- Human Resources (HR): Managing recruitment, employee relations, training, and

development.

- Information Technology (IT): Supporting technology infrastructure, software

development, and digital initiatives.

- Legal & Compliance: Ensuring legal compliance and handling legal matters.

5. Regional/Geographical Divisions: Depending on the size and scope of Havells India's

operations, they may have regional or geographical divisions responsible for specific markets
or territories. Each division may have its own management structure mirroring that of the
headquarters.

6. Employees: At the base of the hierarchy are the employees who work within each
department or division. They carry out day-to-day tasks and responsibilities to help achieve
the company's objectives.
28 | P a g e

Geographical Footgprints Of Company

Havells is an Indian electrical equipment company with a significant global presence. While
it originates from India, it has expanded its geographical footprint extensively over the years.
Its operations span across various regions including:

1. India: Being the home country, Havells has a strong presence in India with manufacturing
facilities, distribution networks, and retail outlets across the country.

2. Asia-Pacific Region: Havells has expanded its operations in several countries within the
Asia-Pacific region, including Bangladesh, Sri Lanka, Nepal, and Indonesia.

3. Middle East and Africa: The company has a notable presence in the Middle East and
African markets, with subsidiaries and distribution networks in countries like UAE, Saudi
Arabia, Qatar, Kenya, Nigeria, and South Africa.

4. Europe: Havells has also made inroads into the European market with operations in
countries like the United Kingdom and the Netherlands.

5. Americas: While not as extensive as its presence in other regions, Havells has begun to
establish its footprint in the Americas, particularly in countries like Canada and the United
States.

Havells India Limited is a leading Fast Moving Electrical Goods (FMEG) Company and a major
power distribution equipment manufacturer with a strong global presence with an annual turnover
of 1.5 Billion US Dollar and market cap of more than 4.5 Billion US Dollar with a strength of
over 6500 seasoned professionals. Havells enjoys enviable market dominance across a wide
spectrum of products, including Industrial & Domestic Circuit Protection Devices, Cables &
Wires, Motors, Fans, Modular Switches, Home Appliances, Air Conditioners, Electric Water
29 | P a g e

Heaters, Power Capacitors, and Luminaires for Domestic, Commercial and Industrial
Applications.

Thanks to our philosophy of Make in India, extensive distribution network and world class
quality.

A PAN India and Global presence in more than 60 plus Countries and 14 State-of-the-art highly
automated manufacturing plants in INDIA, accredited with ISO-9001, 14001, 45001 & 50001
certificationsand International Product certifications include Kema, IEC, CB, ESMA, GSO,
Soncap, CSA, SIRIM etc for selected categories/ products,having a diverse portfolio in electrical
products with 16 business verticals offered under one umbrella “HAVELLS” brand.
30 | P a g e

Functinal Areas/Departmental Certifications:

Havells, being a renowned electrical equipment company, typically operates across various
functional areas or departments within its organization. While there might not be specific
certifications for each department per se, the company likely adheres to industry standards
and may require certifications or qualifications for employees within specific roles or
functions. Here are some common functional areas or departments within a company like
Havells:

1. Sales and Marketing: This department focuses on promoting and selling Havells' products
to customers. Certifications such as sales training programs or marketing certifications could
be relevant here.

2. Product Development and Engineering: Teams here work on designing and developing
new electrical products or improving existing ones. Certifications in electrical engineering or
relevant product development methodologies could be beneficial.

3. Manufacturing and Operations: This department is responsible for the actual

production and manufacturing processes. Certifications in quality management or
manufacturing processes might be valuable.

4. Research and Development (R&D): Havells likely invests in R&D to innovate and stay
competitive. Certifications in innovation management or specific technical fields could be
relevant here.

5. Human Resources (HR): HR manages employee-related matters such as recruitment,

training, and performance management. Certifications such as Professional in Human
31 | P a g e

Resources (PHR) or Society for Human Resource Management (SHRM) certifications could
be advantageous.

6. Finance and Accounting: This department handles financial matters, including

budgeting, financial reporting, and auditing. Certifications like Certified Public Accountant
(CPA) or Chartered Financial Analyst (CFA) could be useful here.

7. Supply Chain and Logistics: Teams here manage the flow of goods and services, from
sourcing raw materials to delivering finished products to customers. Certifications in supply
chain management or logistics could be beneficial.

8. Customer Service and Support: This department deals with customer inquiries,
complaints, and support. Certifications in customer service excellence or specific technical
support areas could be helpful.

While there may not be specific "Havells certifications" for each department, employees may
pursue relevant certifications based on their roles and responsibilities within the company.
Additionally, Havells might offer training programs or support employees in obtaining
industry-standard certifications to enhance their skills and expertise in their respective
functional areas.
32 | P a g e

Initiatives Towards

*Gender Diversity

*Social Inclusions

*Environmental Conservations

 Gender Diversity:

Havells, being a prominent company in the electrical equipment

industry, has likely undertaken various initiatives to promote gender diversity within its
organization. Some potential initiatives might include:

1. Diverse Hiring Practices: Implementing policies to ensure a diverse pool of candidates for
job openings, including actively recruiting women for traditionally male-dominated roles
within the company.

2. Equal Pay Policies: Ensuring that women receive equal pay for equal work compared to
their male counterparts, and regularly auditing compensation to address any disparities.

3. Flexible Work Arrangements: Offering flexible work hours, remote work options, and
other arrangements to accommodate the diverse needs of employees, including working
mothers.

4. Leadership Development Programs: Creating programs specifically designed to identify,

mentor, and develop female employees for leadership positions within the company.

5. Employee Resource Groups (ERGs): Establishing ERGs focused on gender diversity and
inclusion, providing a platform for employees to connect, share experiences, and advocate
for change within the organization.

6. Training and Awareness Programs: Conducting training sessions and workshops to raise
awareness about unconscious bias, gender stereotypes, and the importance of diversity and
inclusion in the workplace.

7. Support for Working Parents: Offering parental leave, childcare assistance, and other
support services to help employees balance their work and family responsibilities.
33 | P a g e

To ensure better gender diversity, we focus on hiring more women and creating a supportive
work culture. Our women employee strength currently stands at 4%. We are also committed
towards developing the skills of our freshers. We hired 192 apprentices during the year,
which is 14.15% of the total hiring.

Social Inclusions:

Havells, as a prominent electrical equipment company, has played a

significant role in various aspects of social inclusion:

1. Employment Opportunities: Havells has provided employment opportunities to

individuals from diverse backgrounds, contributing to social inclusion by offering
jobs regardless of gender, ethnicity, or socioeconomic status.

2. Community Engagement: The company often engages in community

development initiatives, including education, healthcare, and skill development
programs. These initiatives aim to uplift marginalized communities and provide them
with resources and opportunities for growth.
34 | P a g e

3. Accessibility: Havells' products cater to a wide range of consumers, including

those with disabilities. By designing products with accessibility features, such as
easy-to-use controls or products suitable for individuals with mobility challenges,
Havells promotes social inclusion by ensuring that everyone can access their electrical
solutions.

4. Diversity and Inclusion Policies: Havells likely has policies in place to promote
diversity and inclusion within its workforce. This could include measures to ensure
equal opportunities for advancement, eliminate discrimination, and foster a culture of
respect and acceptance within the organization.

5. Corporate Social Responsibility (CSR): Havells likely invests in various CSR

initiatives aimed at addressing social issues and promoting inclusion. This could
involve partnering with NGOs or government agencies to support initiatives related to
education, healthcare, environmental sustainability, or community development.

Environmental Conservations:

Havells, being a prominent electrical equipment company, has recognized the importance of
environmental conservation and has undertaken various initiatives to contribute positively
to this cause. Here are some initiatives Havells might have implemented or could
implement:

1. Energy-efficient Products: Havells can focus on designing and manufacturing energy-

efficient electrical appliances and equipment. This includes LED lighting solutions, energy-
efficient fans, and other electrical devices that consume less power, thus reducing carbon
emissions.

2. Renewable Energy Adoption: Investing in renewable energy sources like solar power for
their manufacturing units and offices can significantly reduce their carbon footprint.
Installing solar panels on rooftops and utilizing solar energy for internal operations can
showcase their commitment to environmental sustainability.
35 | P a g e

3. Eco-friendly Packaging: Shifting to eco-friendly packaging materials such as recyclable

cardboard, paper, or biodegradable plastics can help reduce the company's environmental
impact. This initiative can extend to both product packaging and shipping materials.

4. Waste Reduction and Recycling: Implementing waste reduction strategies within

manufacturing processes and encouraging recycling of materials can minimize waste
generation. Havells can also promote responsible disposal of electronic waste (e-waste) by
offering recycling programs for old or damaged electrical products.

5.Green Manufacturing Practices: Adopting green manufacturing practices involves

optimizing resource usage, minimizing water consumption, and reducing emissions during
the production process. Havells can invest in technologies and processes that prioritize
environmental sustainability.
36 | P a g e

Chapter-3

Havells Product Line,Brand:

Havells Stilus Juice Mixer Grinder Havells Leganza 1200 Mm 3 Blade

fan

Havells Sparkle 1250-Watt Steam Iron Havells Air Oven Digi Air Fryer 1500W
 37 | P a g e

Customers:

 Jay Prakash Industries Ltd.

 Central Power Distribution Co. of Andhra Pradesh
 Eastern Power Distribution Co. of Andhra Pradesh
 Northern Power Distribution Co. of Andhra Pradesh
 Southern Power Distribution Co.of Andhra Pradesh
 National Thermal Power Corporation
 Uttar Pradesh Power Transmission Corp.
 Power Grid Corporation of India Ltd.
 National Hydro Electric Power Corporation

State Electricity Boards / Electric Supply Co.

 Himachal Pradesh State Electricity Board

 Punjab State Electricity Board
 Kerela State Electricity Board
 Bihar State Electricity Board
 Chhattisgarh State Electricity Board
 Maharashtra State Electricity Distribution Co. Ltd.
 West Bengal State Electricity Distribution Co.
 Karnataka State Electricity Board

Advertisiment

The high energy-efficiency also leads to savings on the

electricity bills by as these contactors by Havells
consume less electricity during operation. They are also
installation- friendly and can be retrofitted, and offer
high degree of protection and safety to the handler.
38 | P a g e

Punch Line\Slogan:
Havells have lived upto their slogan which states that, "The
determination to rise is what sets Havells apart." Sylvania acquired by Havells. The
determination to rise is what sets Havells apart.

Logo:
39 | P a g e

Compitetors Of Havells:

Bajaj Electricals:

Bajaj Electricals Ltd is an Indian consumer electrical

equipment manufacturing company based in Mumbai, Maharashtra. It is a part of the ₹380
billion (US$4.8 billion) Bajaj Group. It has diversified with interests in lighting, luminaries,
appliances, fans, LPG based generators, engineering and projects.

Its main domains are lighting, consumer durable, engineering and projects. Lighting includes
lamps, tubes and luminaire. Consumer durable include appliances and fans. Engineering and
projects include transmission line towers, telecommunications towers, high-mast, poles and
special projects, and others include die casting, wind energy & solar energy. Some notable
projects include lighting works at the Commonwealth Games stadium and the Bandra Worli
Sea Link. It has 19 branch offices spread in different parts of the country with a chain of
about 1000 distributors, 4000 authorized dealers, over 400,000 retail outlets and over 282
Customer Care centers.
40 | P a g e

Polycab:

In 1964, Late Thakurdas Jaisinghani had established 'Sind Electric Stores',

which dealt in various electrical products including fans, lighting, switches, and wires.
Subsequently, the family business was managed from 1968 by Girdhari T. Jaisinghani,
Inder T. Jaisinghani, Ajay T. Jaisinghani and Ramesh T. Jaisinghani being sons of Late
Thakurdas Jaisinghani. The family founded a partnership firm in the name of 'Thakur
Industries' under the Indian Partnership Act, 1932.

Subsequently, the partners of 'Thakur Industries' entered into a lease agreement with
MIDC in 1975 in respect of a parcel of land at Andheri, Mumbai for the purposes of
setting up a factory for manufacturing cables and wires which was in operation until
1984.
41 | P a g e

Finolex Cabels Ltd:

The word 'Finolex' is derived from the words 'fine' and 'flexible',
attributed to manufacturing of fine copper in the company's inaugural product—flexible
cables. Founded in 1958 by legendary visionaries, Pralhad P Chhabria and Kishan P Chhabria
- the early start saw Finolex donning the role of a copper cable manufacturer with the
founders demonstrating foresight by diversifying into the production of PVC insulated
electrical cables for the automobile industry. With this strategic expansion, the company
maintained an unwavering commitment to broadening its product portfolio in India’s
electricals market.
42 | P a g e

Exide Industry:

Exide Industries Limited (Exide) is an Indian multinational storage

battery manufacturing company, headquartered in Kolkata, India. It is the largest manufacturer of lead-acid
storage batteries and power storage solutions provider in India.

The company has ten international standard factories spread across five states in the country, out of which
8 factories are dedicated to lead-acid batteries and 2 factories manufacture Home UPS Systems. The
factories are located in Ahmednagar, Chinchwad & Taloja in Maharashtra, Haldia[1] & Shyamnagar in
West Bengal, Roorkee & Haridwar in Uttarakhand, Hosur in Tamil Nadu, Bawal in Haryana, and Prantij in
Gujarat.

Exide also has manufacturing facilities in Sri Lanka, UK and Singapore and does business globally
through its subsidiaries and international affiliates.[2]

Exide exports its batteries to more than 60 countries across the globe. It has a strong 95,000+ distributor &
dealer / sub-dealer network.[3][4]

The company has forayed into manufacturing of lithium-ion battery modules and packs through its
subsidiary Exide Energy Private Limited (under the brand Nexcharge) for India’s electric vehicle market
and stationary applications. Further, it has recently set up a wholly-owned subsidiary – Exide Energy
Solutions Limited - and is in the process of setting up a plant for multi-giga watt hour lithium-ion cell
manufacturing business at Bengaluru, Karnataka.
43 | P a g e

Technological Development:

At the core of the Havells BLDC+ Fan is the advanced

BLDC+ technology, setting a new standard in energy efficiency compared to conventional
fans. Delivering superior performance while minimizing power consumption, the fan
epitomizes Havells commitment to innovation and sustainability. The all-new Havells
BLDC+ range makes the best even better! Intuitively designed to deliver absolute comfort,
the "+" in BLDC+ stands for the smart technology, flamboyant looks, and Smart Al
technology that it adds to your life. Bring home the pinnacle of sophistication that consumes
the lowest energy. The range includes Albus UL, Libeccio UL, Florette UL, Inox UL, Elio &
Crista UL, which are inspired to make life easy. Plus, a range of fans offers great designs,
intelligent technology, and the lowest energy consumption.

Introducing the latest innovation from Havells....

white square

International Advertising and Marketing Festival

Upgrade to energy-efficient and stylish ceiling fans with Havells' BLDC+ range.

Discover a wide variety of designs and colours to suit the homdecor.

44 | P a g e

Featuring a plethora of exclusive features, the Havells BLDC+ Fan stands out from the
crowd. From dual-side usage blades to customizable LED underlights, this fan offers
unmatched versatility and functionality. With IoT-enabled controls, users can effortlessly
tailor their cooling experience to their preferences, ensuring ultimate comfort.

More than just an appliance, the Havells BLDC+ Fan is a design masterpiece that elevates
any room’s ambience. Its premium LED underlighting creates a captivating atmosphere,
while the reversible wood blades in dual colours allow for seamless integration with any
interior style. The sleek and sophisticated design of the Albus fan effortlessly complements
modern living spaces, offering both style and substance.
45 | P a g e

Chapter-4

SWOT ANALYSIS

SWOT analysis is a framework for identifying and analyzing an organization's strengths,

weaknesses, opportunities and threats. These words make up the SWOT acronym. The
primary goal of SWOT analysis is to increase awareness of the factors that go into making a
business decision or establishing a business strategy.

Strengths:

 High Recall and Loyalty – Havells India has high brand recall and loyalty and owns
many prestigious brands. Havells India has 12 manufacturing plants in India that are
located at Baddi, Haridwar, Faridabad, Sahibabad, Alwar, Assam, and Neemrana.

 Preferred Choice for Electrical Products – Havells along with its brand have earned
the difference of being the preferred choice of various electrical products for
consumers both in India and abroad.

 Huge Product Range – Havells produces a huge range of products that range from
home and kitchen appliances, commercial and industrial appliances, domestic
lightening, LED lighting, modular switches, fans, water heaters, induction motors, and
46 | P a g e

many more. All their products are of high-quality and the quality is the same for both
the Indian and international market.

 Global Presence – Havells India has expanded its business operations at the
international level and has a strong distribution network out there.

 Good Command on Fast Growing Countries – Havells India has a great investment
in fast-growing and emerging countries. Due to this, it has expanded its business
operations and also attain greater visibility.

 Good Acquisition History – Havells India has created a good history of the
acquisition. It had acquired the lightning business of Sylvania, a Frankfurt-based
company which is a global leader in the lighting business

 High R&D Investment – Havells India has a high investment in R&D and has helped
them to deliver various innovative solutions to produce good products.

 In-house Manufacturing – Havells India has an in-house manufacturing unit for their
products which is easy to monitor the activities.

Weaknesses:

 Debt Ratio – Havells India is estimated to possess high debt ratio that is a big
weakness for its business success.
47 | P a g e

 Small Market Share at the Global Level – Havells India tends to have a small market
share at the global level. Due to this, the company sees less visibility with the brand at
all places.
 The slowdown of Real Estate – At the time when there is a dip in the real estate,
Havells India is said to perform low due to the impact on the economy.
 Global Market Performance – The global market performance will hit the business
operations of Havells India more adversely especially after having a series of
acquisitions.
 Switchgear Segment – Havells India has a weak position in the industrial switchgear
segment.

Opporunities:

 Globally Emerging Markets – Havells India will have to have its visibility at the
global level to enhance its business operations.

 Focus on Weak Segment – The company will have to focus on its weak segment. This
will provide them with more opportunity to expand their business operations.

 Chinese Firm Acquisition – Havells India sees a good opportunity on the acquisition
of low-cost manufacturing of Chinese firms.

 Increase in Customer Market – The company has an expected customer market to

grow by 15-20%. This ensures a stronger business revenue for the company.

 Business Diversification – Going up the value chain will, in fact, provide more
opportunity to see new business domains for the company.
48 | P a g e

Threats:

 Delay with Power Projects – Havells India delay in execution of power projects is a
serious threat to the company as it affects its reputation and business revenue.

 Unorganized Market – The unorganized market segment will tend to pull down its
business operations that are seen as a great threat to the company.

 Changing Government Policies – The quite often updates of the Government policies
is an obstacle to industrial sales.

 A Single Entry for the Business – Havells India sees a maximum business that comes
from only India and hence it’s business revenue depends only on the Indian economic
situation. This is a serious threat to the overall growth of the business.
49 | P a g e

MC Kinsey 7’s Model of Havells.

First introduced by Tom Peters and Robert Waterman in their best selling book “In search of
excellence”, 7 S framework is strategic tool to better understand and analyze the complexity
of an organization. The Mckinsey 7S model provides a multidimensional framework to
analyze the current state of an organization and where it can make changes to achieve the
desired objectives. In essence Mckinsey 7S framework is a strategic planning tool.

The focus of the McKinsey 7s Model lies in the interconnectedness of the elements that are
categorized by Soft and Hard – implying that a domino effect exists when changing one
element in order to maintain an effective balance. Placing “Shared Values” as the “center”
reflects the crucial nature of the impact of changes in founder values on all other elements.

Structure of the McKinsey 7S Model

Structure, Strategy, and Systems collectively account for the Hard elements, whereas the
remaining are considered Soft
50 | P a g e

1. Structure

Structure is the way in which a company is organized – the chain of command and
accountability relationships that form its organizational chart.

2. Strategy

Strategy refers to a well-curated business plan that allows the company to formulate a plan of
action to achieve a sustainable competitive advantage, reinforced by the company’s mission
and values.

3. Systems

Systems entail the business and technical infrastructure of the company that establishes
workflows and the chain of decision-making.

4. Skills

Skills form the capabilities and competencies of a company that enables its employees to
achieve its objectives.

5. Style

The attitude of senior employees in a company establishes a code of conduct through their
ways of interactions and symbolic decision-making, which forms the management style of its
leaders.

6. Staff

Staff involves talent management and all human resources related to company decisions, such
as training, recruiting, and rewards systems

7. Shared Values

The mission, objectives, and values form the foundation of every organization and play an
important role in aligning all key elements to maintain an effective organizational design.
51 | P a g e

CHAPTER-5

Analysis of Financial Statement

Havells India Limited reported earnings results for the fourth quarter and full year ended
March 31, 2024. For the fourth quarter, the company reported sales was INR 54,420.2 million
compared to INR 48,592.1 million a year ago. Revenue was INR 55,177.7 million compared
to INR 49,059.2 million a year ago. Net income was INR 4,467 million compared to INR
3,580.4 million a year ago. Basic earnings per share from continuing operations was INR
7.13 compared to INR 5.71 a year ago. Diluted earnings per share from continuing operations
was INR 7.13 compared to INR 5.71 a year ago. For the full year, sales was INR 185,900.1
million compared to INR 169,107.3 million a year ago. Revenue was INR 188,389.7 million
compared to INR 170,884.4 million a year ago. Net income was INR 12,707.6 million
compared to INR 10,717.3 million a year ago. Basic earnings per share from continuing
operations was INR 20.28 compared to INR 17.11 a year ago. Diluted earnings per share
from continuing operations was INR 20.28 compared to INR 17.11 a year ago.

HAVELLS INDIA Income Statement 2022-23

No. of Mths Year Ending 12 Mar-22* 12 Mar-23* % Change

Net Sales Rs m 139,385 169,107 21.3%

Other income Rs m 1,604 1,777 10.8%

Total Revenues Rs m 140,989 170,884 21.2%

Gross profit Rs m 17,739 16,206 -8.6%

Depreciation Rs m 2,609 2,962 13.5%

Interest Rs m 669 551 -17.7%

Profit before tax Rs m 16,066 14,471 -9.9%

Tax Rs m 4,101 3,753 -8.5%

52 | P a g e

Profit after tax Rs m 11,965 10,717 -10.4%

Gross profit margin % 12.7 9.6

Effective tax rate % 25.5 25.9

6.3
Net profit margin % 8.6
53 | P a g e

Havells India

Consolidated Key Financial

------------------- in Rs. Cr. -------------------
Ratios

Mar
Mar '23 Mar '22 Mar '21 Mar '20
'24

Investment Valuation Ratios

Face Value 1.00 1.00 1.00 1.00 1.00

Dividend Per Share -- -- -- -- --

Operating Profit Per Share (Rs) 29.40 25.52 28.11 25.11 16.44

Net Operating Profit Per Share

296.63 269.92 222.55 167.05 150.85
(Rs)

Free Reserves Per Share (Rs) -- -- -- -- --

Bonus in Equity Capital -- 82.34 82.37 82.41 82.43

Profitability Ratios

Operating Profit Margin(%) 9.91 9.45 12.62 15.03 10.89

Profit Before Interest And Tax

7.98 7.62 10.63 12.42 8.48
Margin(%)

Gross Profit Margin(%) 8.09 7.70 10.75 12.65 8.58

Cash Profit Margin(%) 8.54 8.00 10.33 12.14 9.98

Adjusted Cash Margin(%) 8.54 8.00 10.33 12.14 9.98

54 | P a g e

Net Profit Margin(%) 6.83 6.33 8.58 9.98 7.78

Adjusted Net Profit Margin(%) 6.74 6.27 8.48 9.81 7.69

Return On Capital Employed(%) 23.54 22.35 25.94 26.64 21.43

Return On Net Worth(%) 17.06 16.18 19.93 20.17 17.05

Adjusted Return on Net Worth(%) 17.06 16.18 19.93 20.17 17.06

Return on Assets Excluding

118.82 105.72 95.84 82.68 68.89
Revaluations

Return on Assets Including

118.82 105.72 95.84 82.68 68.89
Revaluations

Return on Long Term Funds(%) 23.54 22.35 26.45 27.11 21.43

Liquidity And Solvency Ratios

Current Ratio 1.63 1.58 1.51 1.53 1.32

Quick Ratio 0.95 0.76 0.88 0.80 0.64

Debt Equity Ratio -- -- 0.07 0.10 --

Long Term Debt Equity Ratio -- -- 0.05 0.08 --

Debt Coverage Ratios

Interest Cover 38.35 44.04 31.08 20.78 46.86

Total Debt to Owners Fund -- -- 0.07 0.10 --

Financial Charges Coverage Ratio 45.76 52.85 35.96 24.20 57.91

Financial Charges Coverage Ratio

36.21 41.69 28.29 18.79 49.34
Post Tax
55 | P a g e

Management Efficiency Ratios

Inventory Turnover Ratio 5.45 4.56 4.70 3.99 5.04

Debtors Turnover Ratio 17.38 19.44 20.96 25.97 29.13

Investments Turnover Ratio 2.50 2.55 2.18 1.85 2.19

Fixed Assets Turnover Ratio 4.68 4.90 4.62 3.94 3.76

Total Assets Turnover Ratio 2.61 3.23 2.80 2.47 3.30

Asset Turnover Ratio 2.64 2.60 2.31 2.10 2.20

Average Raw Material Holding -- -- -- -- --

Average Finished Goods Held -- -- -- -- --

Number of Days In Working

58.55 51.39 65.66 69.50 29.78
Capital

Profit & Loss Account Ratios

Material Cost Composition 66.30 73.32 69.56 67.60 60.43

Imported Composition of Raw

-- -- -- -- --
Materials Consumed

Selling Distribution Cost

2.83 2.58 1.77 1.26 3.39
Composition

Expenses as Composition of Total

-- -- -- -- --
Sales

Cash Flow Indicator Ratios

Dividend Payout Ratio Net Profit -- 43.84 15.70 17.98 87.20

56 | P a g e

Dividend Payout Ratio Cash Profit -- 34.35 12.89 14.52 67.26

Earning Retention Ratio 100.00 56.16 84.30 82.02 12.83

Cash Earning Retention Ratio 100.00 65.65 87.11 85.48 32.76

AdjustedCash Flow Times -- -- 0.27 0.38 --

57 | P a g e

Havells India

Consolidated Cash Flow ------------------- in Rs. Cr. -------------------

Mar '24 Mar '23 Mar '22 Mar '21 Mar '20

12 mths 12 mths 12 mths 12 mths 12 mths

Net Profit Before Tax 1707.37 1447.06 1606.56 1437.55 904.11

Net Cash From Operating Activities 1952.89 564.93 1727.83 660.33 826.71

Net Cash (used in)/from

-1613.86 35.04 -758.56 -762.85 -547.65
Investing Activities

Net Cash (used in)/from Financing

-533.55 -906.93 -547.15 189.77 -715.90
Activities

Net (decrease)/increase In Cash

-199.06 -310.69 421.22 86.92 -436.84
and Cash Equivalents

Opening Cash & Cash Equivalents 465.16 775.84 354.62 267.70 704.54

Closing Cash & Cash Equivalents 266.10 465.15 775.84 354.62 267.70
58 | P a g e

Havells India

Consolidated Profit & Loss

------------------- in Rs. Cr. -------------------
account

Mar '24 Mar '23 Mar '22 Mar '21 Mar '20

12 mths 12 mths 12 mths 12 mths 12 mths

Income

Sales Turnover 18,590.01 16,910.73 13,938.48 10,457.30 9,440.26

Net Sales 18,590.01 16,910.73 13,938.48 10,457.30 9,440.26

Other Income 248.96 170.04 165.96 185.34 109.42

Stock Adjustments -242.73 641.20 219.48 531.07 -172.74

Total Income 18,596.24 17,721.97 14,323.92 11,173.71 9,376.94

Expenditure

Raw Materials 12,325.95 12,399.92 9,696.15 7,069.51 5,705.66

Power & Fuel Cost 0.00 119.27 99.57 84.32 92.44

Employee Cost 1,548.51 1,268.32 1,020.69 890.63 906.71

Selling and Admin Expenses 545.02 437.40 246.82 132.55 320.94

Miscellaneous Expenses 2,085.18 1,727.88 1,334.31 1,239.58 1,213.12

Total Expenses 16,504.66 15,952.79 12,397.54 9,416.59 8,238.87

Mar '24 Mar '23 Mar '22 Mar '21 Mar '20
59 | P a g e

12 mths 12 mths 12 mths 12 mths 12 mths

Operating Profit 1,842.62 1,599.14 1,760.42 1,571.78 1,028.65

PBDIT 2,091.58 1,769.18 1,926.38 1,757.12 1,138.07

Interest 45.71 33.62 53.41 72.68 19.72

PBDT 2,045.87 1,735.56 1,872.97 1,684.44 1,118.35

Depreciation 338.50 296.17 260.89 248.91 217.97

Profit Before Tax 1,707.37 1,439.39 1,612.08 1,435.53 900.38

PBT (Post Extra-ord Items) 1,707.37 1,439.39 1,612.08 1,435.53 900.38

Tax 436.61 375.33 410.09 393.24 168.76

Reported Net Profit 1,270.76 1,071.73 1,196.47 1,044.31 735.35

Net P/L After Minority Interest &

1,270.76 1,071.73 1,196.47 1,044.31 735.61
Share Of Associates

Total Value Addition 4,178.71 3,552.87 2,701.39 2,347.08 2,533.21

Equity Dividend 0.00 469.88 187.89 187.80 531.93

Corporate Dividend Tax 0.00 0.00 0.00 0.00 109.34

Per share data (annualised)

Shares in issue (lakhs) 6,267.00 6,265.10 6,263.03 6,260.13 6,258.03

Earning Per Share (Rs) 20.28 17.11 19.10 16.68 11.75

Book Value (Rs) 118.82 105.72 95.84 82.68 68.89

60 | P a g e

Havells India

Consolidated Balance Sheet ------------------- in Rs. Cr. -------------------

Mar '24 Mar '23 Mar '22 Mar '21 Mar '20

12 mths 12 mths 12 mths 12 mths 12 mths

Sources Of Funds

Total Share Capital 62.67 62.65 62.63 62.60 62.58

Equity Share Capital 62.67 62.65 62.63 62.60 62.58

Employee Stock Opiton 0.00 2.30 0.53 0.64 0.64

Reserves 7,384.09 6,560.50 5,939.73 5,113.06 4,248.34

Networth 7,446.76 6,625.45 6,002.89 5,176.30 4,311.56

Secured Loans 0.00 0.00 395.53 492.20 0.00

Total Debt 0.00 0.00 395.53 492.20 0.00

Total Liabilities 7,446.76 6,625.45 6,398.42 5,668.50 4,311.56

Mar '24 Mar '23 Mar '22 Mar '21 Mar '20

12 mths 12 mths 12 mths 12 mths 12 mths

Application Of Funds

Gross Block 4,286.59 4,844.24 4,431.59 4,082.73 3,960.23

61 | P a g e

Less: Accum. Depreciation 0.00 1,223.59 997.98 792.30 610.66

Net Block 4,286.59 3,620.65 3,433.61 3,290.43 3,349.57

Capital Work in Progress 0.00 166.41 57.21 89.91 86.13

Investments 20.00 200.87 426.10 306.30 0.00

Inventories 3,408.63 3,708.58 2,968.08 2,619.89 1,871.88

Sundry Debtors 1,164.95 973.94 766.26 563.73 241.66

Cash and Bank Balance 3,038.17 1,870.17 2,547.98 1,652.79 1,132.53

Total Current Assets 7,611.75 6,552.69 6,282.32 4,836.41 3,246.07

Loans and Advances 514.35 616.82 323.97 329.21 391.68

Total CA, Loans & Advances 8,126.10 7,169.51 6,606.29 5,165.62 3,637.75

Current Liabilities 4,620.54 4,120.36 3,795.31 2,867.78 2,516.31

Provisions 365.39 411.63 329.48 315.98 245.58

Total CL & Provisions 4,985.93 4,531.99 4,124.79 3,183.76 2,761.89

Net Current Assets 3,140.17 2,637.52 2,481.50 1,981.86 875.86

Total Assets 7,446.76 6,625.45 6,398.42 5,668.50 4,311.56

Contingent Liabilities 0.00 538.27 141.22 183.06 215.92

Book Value (Rs) 118.82 105.72 95.84 82.68 68.89

62 | P a g e

Havells India

Standalone Balance Sheet ------------------- in Rs. Cr. -------------------

Mar '24 Mar '23 Mar '22 Mar '21 Mar '20

12 mths 12 mths 12 mths 12 mths 12 mths

Sources Of Funds

Total Share Capital 62.67 62.65 62.63 62.60 62.58

Equity Share Capital 62.67 62.65 62.63 62.60 62.58

Share Application Money 0.00 2.30 0.53 0.64 0.64

Reserves 7,375.78 6,549.53 5,925.48 5,101.21 4,241.59

Networth 7,438.45 6,614.48 5,988.64 5,164.45 4,304.81

Secured Loans 0.00 0.00 395.53 492.20 0.00

Total Debt 0.00 0.00 395.53 492.20 0.00

Total Liabilities 7,438.45 6,614.48 6,384.17 5,656.65 4,304.81

Mar '24 Mar '23 Mar '22 Mar '21 Mar '20

12 mths 12 mths 12 mths 12 mths 12 mths

Application Of Funds

Gross Block 4,286.51 4,843.75 4,431.13 4,082.31 3,959.84

Less: Accum. Depreciation 0.00 1,223.18 997.63 792.01 610.42

63 | P a g e

Net Block 4,286.51 3,620.57 3,433.50 3,290.30 3,349.42

Capital Work in Progress 0.00 166.41 57.21 89.91 86.13

Investments 20.00 201.32 427.73 307.93 1.63

Inventories 3,408.52 3,708.47 2,968.08 2,619.89 1,871.88

Sundry Debtors 1,157.20 971.33 764.83 560.31 240.92

Cash and Bank Balance 3,015.42 1,861.87 2,535.84 1,624.74 1,106.92

Total Current Assets 7,581.14 6,541.67 6,268.75 4,804.94 3,219.72

Loans and Advances 532.18 613.23 317.97 327.14 390.96

Total CA, Loans & Advances 8,113.32 7,154.90 6,586.72 5,132.08 3,610.68

Current Liabilities 4,615.99 4,117.09 3,791.51 2,847.59 2,497.47

Provisions 365.39 411.63 329.48 315.98 245.58

Total CL & Provisions 4,981.38 4,528.72 4,120.99 3,163.57 2,743.05

Net Current Assets 3,131.94 2,626.18 2,465.73 1,968.51 867.63

Total Assets 7,438.45 6,614.48 6,384.17 5,656.65 4,304.81

Contingent Liabilities 0.00 538.30 141.22 183.06 215.92

Book Value (Rs) 118.69 105.54 95.61 82.49 68.78

64 | P a g e

5 year trend line of Havells India

 65 | P a g e

BSE: 517354 NSE: HAVELLS

SERIES: EQ

ISIN: INE176B01034

SECTOR: ELECTRIC EQUIPMENT

Share Price and Face Value:

BSE share price:1837.00

NSE share price:1835.95

Havells - Awards and Achievements

Havells has been accoladed with many awards, these are listed below;

2021
 Havells won the India Design Mark 2021 for Silencio Mixer Grinder

 Havells has achieved the ICSI CSR Excellence Awards FY 2021-2022

 Havells has won the Great Place to Work

2020
 Havells has received the India Design Mark award for Edgelit

 Havells has won the 10th CII Design Excellence Awards 2020 for Crabtree SmartH Automation
Range by India's 30 Best Workplaces in Manufacturing

2018
 Havells won the Digital Marketing of the Year 2018 - Consumer Durable Category

 Havells won the Gold Award for Buzziest brand in the building segment by Afaqs
66 | P a g e
67 | P a g e

Conclusion:

Havells, a prominent player in the electrical equipment industry, stands as a testament to

innovation, reliability, and customer-centricity. With a rich history spanning decades, the
company has continually evolved, adapting to market dynamics and consumer needs. Havells'
commitment to quality has propelled it to the forefront of the industry, earning trust and
loyalty from customers worldwide. Its diverse product portfolio, ranging from cables to
lighting solutions, showcases a dedication to excellence and sustainability. Moreover,
Havells' emphasis on research and development ensures that it remains at the cutting edge of
technological advancements. As the company continues to expand its global footprint, it
remains steadfast in its mission to empower lives through efficient and safe electrical
solutions, cementing its position as a leader in the industry.

Learning experience :

The overall study helped me in Gaining and understanding of Havells company;s profile.
By studying the company's hierarchical structure and the roles of different levels, I could
see how decision-making processes are fine tuned for efficiency. Delopving into internal
processes gave me a better grasp of how Havells company values and norms influence its
corporate culture, and creating a cohesive and driven workforce.

Additionally, analysing various channels showed me how information flows within the
company and highlighted areas where improvements could be made to enhance efficiency
in the company .

I also gained knowledge about the Financial analysis provided which gave me a insight into
how resources are allocated and how this affects overall performance, reflecting Havells
strategic financial management. Understanding the alignment of Havells company’s
strategic objectives with its operational activities emphasized the critical role that
operational processes play in achieving business goals.
68 | P a g e

The study helped me to know various elements of the organization from culture and
communication to financial management and strategic planning work together to drive the
company toward its objectives. This holistic approach to studying Havells company’s
structure and operations offered me valuable insights into effective business management
and the importance of a synergistic organization.

Bibliography:

Articles in business periodicals also shed light on Havells' operational strategies. Kumar's
piece in Business Today (2020), titled "Havells: Powering Up with Innovation," details the
company's emphasis on innovation and customer satisfaction, while Sharma's analysis in
Economic and Political Weekly (2019) examines the competitive strategies employed by
Havells in the electrical goods market.

1. "1958". Retrieved 19 May 2016.

2. ^ "Annual Report 2016-17" (PDF). Havells. 6 November 2017. Retrieved 6
November 2017.
3. ^ Jump up to:a b "Havells Q4 results | Net profit at Rs 358 crore, beats
estimates" (PDF). Retrieved 3 May 2024.
4. ^ "Havells India Ltd. Financial Statements". moneycontrol.com.
5. ^ "Havells Industrial on an overdrive and launches a product lounge on
wheels". Engineering Review. Archived from the original on 25 April 2012.
6. ^ "About Havells India Limited". Havells. Retrieved 19 May 2016.
7. ^ Singh, A. "Havells Press Kit". havells.com. Havells India Ltd. Retrieved 1
November 2013.
8. ^ Jha, Mayur Shekhar (24 November 2005). "New lifestyle: Havell's India acquires
Crabtree". The Economic Times. Retrieved 7 March 2023.
69 | P a g e