Havells India Limited, a major player in the electrical equipment and home appliances industry, boasts a robust global presence. Their commitment to “Make in India,” combined with top-notch quality and an extensive distribution network, has propelled them forward. Havells covers a diverse range of products, including circuit protection devices, cables, motors, fans, switches, and home appliances. This guide provides comprehensive insights into Havells' history, culture, products, and tips to help you succeed in the interview.
1. Havells Overview
About
| Attribute | Details |
|---|---|
| Founder | Shri. Haveli Ram Gandhi |
| Industry Type | Electrical Equipment, Home Appliances |
| Founded | 1958 |
| Headquarters | Noida, Uttar Pradesh, India |
Company History
Founded in 1958, Havells was started by Shri. Haveli Ram Gandhi. Havells was acquired by Qimat Rai Gupta in 1971, who expanded the company from a small trading operation into one of India's largest electrical equipment manufacturers. Havells India Ltd. is a multi-billion-dollar organization and one of the largest and fastest-growing electrical and power distribution equipment manufacturers in India. It offers products ranging from industrial & domestic circuit protection switch-gear, cables & wires, motors, fans, power capacitors, lamps, luminaries for domestic, commercial & industrial applications, modular switches, water heaters & domestic appliances covering the entire range of household, and commercial & industrial applications.
Key Milestones
| Year | Milestone |
|---|---|
| 1983 | Incorporated as Havells' India Pvt. Ltd. |
| 1989 | Expanded tool room facilites for in-house manufacturing of tools. |
| 1991 | Amalgamated with Elymer Havbell's Pvt Ltd. for HRC fuses. |
| 1992 | Signed technical collaboration with Schiele Industriewerke for ELCBs |
| 1994 | Launched IEC design contractors, relays, and motor starters; entered Middle East market. |
| 1997 | Formed JV with Dorman Smith and signed new V with Ampy Automation. |
| 2001 | Acquired 100% of Standard Electricals Ltd. |
| 2004 | Entered luxury bathroom fittings segment and acquired Sri Lankan CFL company. |
| 2005 | Set up fan manufacturing plant in Haridwar |
| 2007 | Acquired Sylvania; entered Healthcare sector |
| 2008 | Setup automatic plant for Lafert Motors; adopted RoHS standards for CFLs. |
| 2009 | Launched India's first HPF CFL and BEE 5* rated fan; consolidated CFL manufacturing |
| 2015 | Launched ES 40, India's most energy-efficient fan; acquired 51% stake in Promptec Renewable Energy Solutions |
| 2017 | Acquired Lloyd Electric's consumer durable business; entered water purifier segment. |
| 2020 | Launched India's first intelligent fan and eco-friendly water purifier. |
| 2023 | Launched Lloyd brand in the Middle East Market. |
For more detailed information, visit History of Havells
2. Mission, Vision and Values
Mission
Vision
Core Values
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.
3. Comprehensive Product and Service Offerings
For Consumers
Havells offers smart and sustainable consumer appliances with longer durability.
- Fans - Innovative ceiling and table fans for efficient cooling and comfort.
- Lighting - Modern lights and chandeliers to enhance your space elegantly.
- Switches - Smart solutions for effortless lighting control in contemporary homes.
- Home Appliances - Quality kitchen appliances, including air fryers and more, alongside personal grooming products like hair dryers and straighteners.
- Home Electricals - Flexible cables, switches, and safety solutions for electrical systems.
- Personal Grooming - Hair dryers, trimmers, and styling tools for personal care.
- Smart Home - Intuitive smart switches for convenient home automation.
- Switchgear - Reliable circuit breakers and surge protection devices for safety.
For Industries
Havells is also engaged in providing a range of industrial electrical solutions.
- Heavy Duty fans - Heavy-duty exhaust fans designed for industrial applications, providing superior ventilation.
- Cables - Quality cables designed for safety and efficiency in electrical systems.
- Motors - Reliable induction motors for various applications.
- Switchgear and Controlgear - Circuit breakers, distribution boards, and surge protection devices for safe operations.
- Professional Lighting - Energy-efficient luminaires for residential, commercial, and industrial spaces.
- Power Quality Solutions - Innovative solutions to enhance power quality and efficiency.
- Solar Power - Harness solar energy with Havells’ solar power solutions.
With each passing year, Havells is proving to become more about customer satisfaction by offering a vast number of consumer goods to more middle-class people.
4. Financial Performance Highlights
Havells Stock Performance Chart
Havells' stock performance has shown resilience, with steady growth driven by its strong market position and increasing consumer demand for electrical goods. Over the past year, stock value increased by X%, reflecting investor confidence.
Havells Financial Metric’s Table
Understanding Havells' financial strength is essential for assessing its long-term viability and strategic direction. The table below presents detailed financial metrics, offering a comprehensive look at the company's profitability, liquidity, and overall financial health across recent years.
5. Key Competitors of Havells
1. Bajaj Electricals Ltd.
- Overview: Bajaj Electricals Ltd. is a diversified consumer durables company renowned for its strong brand presence in India. Established as a leader in the electrical goods sector, the company has a rich history and a broad portfolio.
- Services: Bajaj Electricals provides a wide range of products including home appliances (such as mixers, grinders, and toasters), ceiling and table fans, LED lighting solutions, and engineering, procurement, and construction (EPC) services for power distribution projects.
- Market Position: As a prominent player in the consumer durables industry, Bajaj Electricals maintains a strong position due to its extensive product range, innovative technology, and robust distribution network, catering to a large customer base across India.
2. Siemens
- Overview: Siemens is a global technology leader specializing in electrification, automation, and digitalization. The company operates across various sectors, including industry, infrastructure, and transportation, offering state-of-the-art solutions.
- Services: Siemens provides cutting-edge solutions such as automation systems for manufacturing, digital infrastructure for smart cities, and advanced technologies for transportation systems. Their services also include energy-efficient solutions and digital services for industrial operations.
- Market Position: Siemens has a strong presence globally, specializing in electrification, automation, and digitalization, offering state-of-the-art solutions that compete directly with Havells in industrial automation and energy-efficient technologies.
3. V-Guard
- Overview: V-Guard Industries is a leading Indian manufacturer specializing in electrical appliances and voltage stabilizers. The company is known for its commitment to quality and technological innovation.
- Services: V-Guard's product portfolio includes voltage stabilizers, water pumps, electric motors, and various kitchen appliances. The company also offers solutions for power protection and energy efficiency.
- Market Position: V-Guard is a trusted name in the Indian market, recognized for its reliable products and extensive distribution network. Its strong brand reputation and innovation in electrical appliances have established it as a significant player in the industry.
4. Hitachi Energy
- Overview: Hitachi Energy focuses on providing sustainable energy solutions and advanced smart grid technologies. It is known for its commitment to enhancing energy efficiency and sustainability.
- Services: The company offers solutions such as power grid management, energy storage systems, and renewable energy integration. Hitachi Energy also provides advanced technologies for energy management and smart grid infrastructure.
- Market Position: As a key player in the energy sector, Hitachi Energy is recognized for its innovative approach to sustainable energy solutions and smart grid technologies. Its global presence and focus on renewable energy contribute to its strong market position.
5. Inox Wind
- Overview: Inox Wind is a prominent player in the renewable energy sector, specializing in wind energy solutions. The company is dedicated to advancing wind power technology and infrastructure.
- Services: Inox Wind manufactures wind turbine generators and offers comprehensive wind power services, including project development, operation, and maintenance. The company focuses on enhancing wind energy efficiency and performance.
- Market Position: With a significant share in India’s wind energy sector, Inox Wind is recognized for its expertise in wind power solutions and its role in promoting renewable energy. Its focus on innovation and project execution positions it as a leading player in the industry.
6. Voltas
- Overview: Voltas, a subsidiary of the Tata Group, is renowned for its expertise in air conditioning and engineering solutions. The company has a legacy of providing reliable and energy-efficient cooling solutions.
- Services: Voltas offers a range of products including air conditioners for residential and commercial use, along with engineering solutions for various industries. The company is known for its focus on energy-efficient and technologically advanced cooling systems.
- Market Position: Well-positioned for growth in India, Voltas is recognized for its strong brand presence and its ability to deliver innovative cooling solutions. Its association with the Tata Group enhances its credibility and market reach.
7. Crompton Greaves Consumer Electricals Ltd.
- Overview: Crompton Greaves Consumer Electricals Ltd. is a major player in the consumer electricals market, known for its wide range of high-quality products. The company has a strong reputation for innovation and reliability.
- Services: Crompton Greaves offers a diverse range of products including ceiling fans, LED lighting, and home appliances. The company emphasizes innovation in product design and technology to meet evolving consumer needs.
- Market Position: With a strong brand presence and an extensive distribution network, Crompton Greaves is a leading name in the consumer electricals industry. Its commitment to quality and innovation ensures its prominence in the market.
8. Honeywell Automation India Ltd.
- Overview: Honeywell Automation India Ltd. is a leader in providing automation and control solutions across various industries. The company is known for its advanced technologies and commitment to innovation.
- Services: The company offers technologies and solutions for aerospace, manufacturing, building systems, and industrial automation. Honeywell provides integrated systems for improving efficiency, safety, and sustainability in industrial operations.
- Market Position: Honeywell Automation India Ltd. is a key player in the automation and control sector, recognized for its innovative solutions and technological expertise. Its strong market position is supported by its commitment to advancing automation technologies and industry standards.
6. Corporate Social Responsibility (CSR)
For more detailed information, visit Havells CSR.
7. Recruitment Process at Havells
The Havells recruitment process typically involves several stages to identify and select the most suitable candidates. Below is an overview of the typical process:
1. Online Application
Candidates submit their applications through the Havells careers website or other designated platforms, providing personal information, educational qualifications, and relevant work experience.
2. Resume Screening
The HR team reviews submitted resumes to shortlist candidates who meet the essential eligibility criteria and possess the required qualifications and skills.
3. Aptitude and Technical Tests
Shortlisted candidates may undergo aptitude tests and technical assessments to evaluate their cognitive abilities, problem-solving skills, and technical knowledge related to the field.
4. Group Discussion/Group Activity
Selected candidates may participate in a group discussion or group activity where they are assessed on communication skills, teamwork, leadership potential, and ability to handle group dynamics.
5. Personal Interview
Candidates who pass the previous stages are invited for personal interviews. Technical experts, hiring managers, or HR representatives conduct interviews to assess technical knowledge, problem-solving abilities, interpersonal skills, and alignment with the organization's values and culture.
6. Final Selection and Offer
Based on performance in the previous stages, final candidates are selected for job offers. The HR team extends the offer, including salary, benefits, and joining date. Candidates may negotiate specific terms before accepting the offer.
For more detailed information, visit Havells Recruitment Process
8. Interview Tips
How To Get Placed
- Research Havells Thoroughly: Understand the company’s history, products, and recent developments.
- Develop Technical Skills and Maintain Academic Excellence: Focus on relevant technical skills and keep your academic performance high.
- Gain Practical Experience Through Internships: Internships provide hands-on experience and a better understanding of the industry.
- Network Effectively and Prepare Tailored Applications: Connect with current and former employees on LinkedIn.
- Enhance Online Presence, Especially on LinkedIn: Keep your LinkedIn profile updated with your latest achievements and skills.
- Prepare Thoroughly for Interviews: Practice common interview questions and answers. Understand the job role you are applying for and be ready to discuss how your skills and experiences make you a good fit.
Is Havells A Good Company To Work For?
- Established Reputation and Diverse Product Portfolio: Havells is known for its strong market presence and wide range of products. This diversity offers employees exposure to various aspects of the industry.
- Growth Opportunities, Focus on Innovation, and Employee Benefits: The company invests in employee development and encourages innovation. They offer competitive benefits and opportunities for career advancement.
- Commitment to Social Responsibility and Sustainability: Havells is dedicated to sustainable practices and corporate social responsibility. Working here means contributing to meaningful initiatives.
- Comprehensive Selection Process Aiming for Top Talent: Havells’ selection process is designed to identify the best candidates. They look for individuals who are not only skilled but also align with their values.
- Platform for Career Growth and Professional Development: The company provides various training programs and growth opportunities. Employees are encouraged to continuously develop their skills and advance their careers.
- Prepare Diligently and Persistently: Havells values dedication and persistence. They advise students to be well-prepared and to approach the selection process with confidence and determination.
For more detailed information, visit Havells Interview Tips.
9. Future Outlook and Strategic Plans
Manufacturing expansion
Havells plans to invest INR 500 crore in 2023 to expand its manufacturing facilities across India. They also plan to increase their cable manufacturing capacity from 32.90 lakh Kms to 41.20 lakh Kms by March 2026.
Export Expansion
Havells plans to increase its export reach in the residential AC segment, targeting new global markets.
Rural Penetration
Havells plans to increase its presence in rural markets through its Rural Vistaar initiative. They have opened 637 Havells Utsav exclusive stores in towns with a population less than 10,000.
Focus on brand, innovation, and talent
Havells plans to focus on brand, innovation, digitization, and talent to maximize value creation.
Investment in In-House Manufacturing
Havells plans to continue investing in in-house manufacturing to maintain quality control and a competitive edge.
Havells' vision, mission, and values include customer centricity, empathy, humility, simplicity, and equality.
For more information refer Havell's Investment Reports
10. Conclusion
Havells India Limited, a prominent player in the Fast Moving Electrical Goods (FMEG) sector and power distribution equipment manufacturing, has once again been certified as a 'Great Place to Work.' This recognition reflects the company's commitment to fostering a positive workplace culture, as assessed by the Great Place to Work® Institute India.
Key Takeaways
- Certification Recognition: Havells has been certified as a 'Great Place to Work' by the Great Place to Work® Institute India.
- Employee Participation: Nearly 100% of Havells employees took part in the survey conducted by the institute.
- Gold Standard: Havells was recognized by the Great Place to Work® Institute for its commitment to fostering a positive work culture, transparency, and employee engagement, marking it as a leader in employee satisfaction and workplace excellence.
- Company Values: The recognition highlights the pride, passion, and resilience of the Havells team in a competitive business landscape.
- Strong Foundation: Havells boasts a robust distribution network, state-of-the-art manufacturing facilities, and a diverse product portfolio, contributing to its growth and recognition as a great place to work