Havells Had Bought By Haveli Ram Gandhi in 7 lakhs, Today a Company’s Worth is Over 10 Thousand Crores

Keemat Rai Gupta, who was a school teacher, thought of doing business in 1958 and started it by opening a small electric shop in Bhagirath Passal, Delhi, where he used to sell electric goods and cables. After earning from this business, Keemat Ram bought the local switch gear manufacturing brand Havells in the year 1971 from Haveli Ram Gandhi for Rs 7 lakh and then the new start of the Havells company from here. Keemat Rai Gupta died in the year 2014. He was succeeded by son Anil Rai Gupta.

This is how millions of companies became
Havells started the first switch manufacturing plant in Delhi’s Kirti Nagar in 1976 after purchasing Havells from Haveli Ram. Subsequently, in 1983, he acquired the loss-making electric meter, tower transformer making plant. In 1993, Havells Company was listed on the Bombay Stock Exchange and the National Stock Exchange. Alwar converted Surya Cable into profitable by purchasing the lossy cable and wire category. In 2000, the company formed a joint venture for home automation with UK-based Crab tree and the same year the company became India’s second largest electric switch gear company.

Lloyd’s consumer durable business acquired for Rs 1600 crore
The company ventured into the fan, CFL and lighting business in 2003. In 2006, it bought the Indian unit of parent company Crabtree. After venturing into the water heater business in 2010, the company started manufacturing mixers, iron and hand blender domestically. After this, in the year 2017, Lloyd Consumer durables business was bought for Rs 1600 crores.

Company earnings and revenue
Havells Company currently has a pan India dealer network. It has 11 thousand distributors and 6,500 employees. The company’s revenue in the current financial year 2019 was Rs 10,057 crore, which was 21 percent more than the previous year. At the same time, profits increased by 11 percent to Rs 791 crore.

Such increased earnings
According to Forbes magazine, the company’s company continued to grow. Between 2015 and 2019, the company’s revenue almost doubled in the last five years.

Keemat Roy Rai Gupta, who was a school teacher, thought of doing business in 1958 and started it by opening a small electric shop in Bhagirath Passal, Delhi, where he used to sell electric goods and cables. After earning from this business, Keemat Ram bought the local switch gear manufacturing brand Havells in the year 1971 from Haveli Ram Gandhi for Rs 7 lakh and then the new start of the Havells company from here. Keemat Rai Gupta died in the year 2014. He was succeeded by son Anil Rai Gupta.

This is how millions of companies became
Havells started the first switch manufacturing plant in Delhi’s Kirti Nagar in 1976 after purchasing Havells from Haveli Ram. Subsequently, in 1983, he acquired the loss-making electric meter, tower transformer making plant. In 1993, Havells Company was listed on the Bombay Stock Exchange and the National Stock Exchange. Alwar converted Surya Cable into profitable by purchasing the lossy cable and wire category. In 2000, the company formed a joint venture for home automation with UK-based Crabtree and the same year the company became India’s second largest electric switchgear company.

Lloyd’s consumer durable business acquired for Rs 1600 crore
The company ventured into the fan, CFL and lighting business in 2003. In 2006, it bought the Indian unit of parent company Crabtree. After venturing into the water heater business in 2010, the company started manufacturing mixers, iron and hand blender domestically. After this, in the year 2017, Lloyd Consumer durables business was bought for Rs 1600 crores.

Company earnings and revenue
Havells Company currently has a pan India dealer network. It has 11 thousand distributors and 6,500 employees. The company’s revenue in the current financial year 2019 was Rs 10,057 crore, which was 21 percent more than the previous year. At the same time, profits increased by 11 percent to Rs 791 crore.

Such increased earnings
According to Forbes magazine, the company’s company continued to grow. Between 2015 and 2019, the company’s revenue almost doubled in the last five years.

Sale revenue
2015      5238 crores
2016      5436 crores
2017      6,585 crores
2018      8,260 crores
2019      10,057 crores