The journey that started for
me, way back in 1958 as an
electrical trader in Delhi with a borrowed capital of just
Rs. 10,000 has all along been, both challenging and very satisfying.
It was my dream fructified as small steps, a passion that kept me
going and an ardor to rise above the paradox of hyperbolic inanity that
existed in creating a conglomerate in those days. Those days were
far-from-opportune for a small trader to compete and survive the volatile,
license regime of post-independent India. Yet, gradually and firmly,
we defined our dream of setting up a company, which today is a
revered manufacturer of electrical and power distribution equipments
and is the only electrical company in the country with its range
spreading over 11 product categories.
The Havells Group originated as a small trading business in
Central Delhi's Bhagirath Place, which is a wholesale market for
electrical goods. It was promoted by Qimat Rai Gupta and Surjit Kumar Gupta,
who commenced their trading operations in the year 1958. A former teacher
in Punjab, the entrepreneur, Qimat Rai Gupta, bought the Havells
brand from one Haveli Ram Gandhi, thereby moving up from trader
to manufacturer and began manufacturing switch fuse units in Delhi.
The company was incorporated as Havells India Private Limited
in 1983, and the name was changed to Havells India Limited in 1992.
Havells India Ltd. is one of the largest and fastest growing
electrical and power distribution equipment manufacturers, with a product
range comprising industrial and domestic circuit protection switchgear,
cables and wires, motors, fans, power capacitors,
compact fluorescent lamps (CFLs), luminaires for
domestic, commercial and industrial applications, modular switches and
bath fittings, covering the entire gamut of household, commercial and
industrial electrical needs. Its exemplary growth is evident from the fact that
Havells' turnover was just Rs. 49.85 cr in the year 1996-97, and grew to Rs.
222.18 cr by 2001-02. The turnover increased nearly six times to Rs. 1,115.14 cr
in 2005-06 and this figure stood at Rs. 2231.17 cr in
2007-08. |