Exide Industries

#3420

Rank

$3.85B

Marketcap

India

Country

Leadership team

Mr. Subir Chakraborty (MD, CEO & Exec. Director)

Mr. Asish Kumar Mukherjee (Director of Fin., CFO & Whole-Time Director)

Mr. Gautam Chatterjee (Whole-Time Advisor)

Products/ Services

Automotive, Battery, Manufacturing

Number of Employees

1,000 - 20,000

Headquarters

Kolkata, West Bengal, India

Established

1947

Net Income

100M - 500M

Revenue

Above - 1B

Traded as

EXIDEIND.NS

Social Media

URL

https://www.exideindustries.com

Overview

Location

Recognition and Award

References

Summary

Exide Industries Limited designs, manufactures, markets, and sells lead acid storage batteries in India and internationally. The company operates in two segments, Automotive and Industrial. It offers automotive, industrial, genset, solar, inverter, institutional uninterrupted power supply (UPS), and submarine batteries, as well as home UPS systems, integrated power back-up systems, and e-rickshaw vehicles. The company also manufactures and supplies recycled lead and lead alloys; offers lithium ion batteries; produces and distributes industrial battery chargers, rectifiers, and parts; and provides energy storage solutions, as well as engages in the non-conventional energy business. Further, the company offers solutions in the areas of equipment selection, battery sizing, optimum room layout, installation, operation, and maintenance. It sells its batteries under the Exide, Index, Dynex, SF Sonic, Black Panther, Nexcharge, Chloride, and CEIL brand names through a distribution network of approximately 70,000 direct and indirect dealers. The company's products are used in power, solar, railways, telecom, UPS, projects, traction, and other industries. Exide Industries Limited was formerly known as Chloride Industries Ltd. and changed its name to Exide Industries Limited in August 1995. The company was founded in 1916 and is headquartered in Kolkata, India.

History

This company was incorporated as Associated Battery Makers Ltd., on 31 January 1953 under the Companies Act, 1913 to purchase all or any of the assets of the business of manufacturers, buyers and sellers of and dealers in and repairers of electrical and chemical appliances and goods carried on by the Chloride Electric Storage Company Ltd., in India, since 1916 with a view thereto to enter into and carry into effect an agreement which had already been prepared and was expressed to be made between the Chloride Electric Storage Co. Ltd. on the one part and the company of the other part. The name of the company was changed to Chloride India Ltd. on 2 August 1972. The name of the company was again changed to Chloride Industries Ltd. vide fresh Certificate of Incorporation dated 12 October 1988. The company was further changed to Exide Industries Ltd. on 25 August 1995.

The company’s predecessor carried on their operations as import house from 1916 under the name Chloride Electrical Storage Company. Thereafter, the company started manufacturing storage batteries in the country and have grown to become one of the largest manufacturer and exporter of batteries in the sub-continent today. Exide separated from its UK-based parent, Chloride Group Plc., in 1989, after the latter divested its ownership in favour of a group of Indian shareholders.

Mission

To become a Global Power House respected by customers and preferred by investors, known for innovative products and solutions.

Key Team

Mr. Arun Mittal (Director of Automotive & Whole-Time Director)

Mr. Avik Kumar Roy (Director of Industrial & Additional Director)

Mr. Ranjan Sarkar (Pres of HR)

Mr. Amit Banerjee (Gen. Mang. of Operations)

Mr. S. K. Mookherjee (MD & Director of Caldyne Automatics Ltd (Caldyne))

Mr. Jitendra Kumar Mohanlal (Company Sec., Pres of Legal and Corp. Affairs & Compliance Officer)

Ms. Pooja Basu (Head of Corp. Communications)

Recognition and Awards

Exide Industries has won numerous awards for its innovative products and services, including the Consumer Super Brands Award for 2013-14, Most Preferred Battery Award for 2013-14, Best in Green Award for Renewable Energy Providers, and the National Energy Conservation Award from the ministry of Power.