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Crompton Greaves Consumer Electricals Share Price Live

CROMPTON

Small Cap | Consumer Durables

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About Crompton Greaves Consumer Electricals

History of Crompton Greaves Consumer Electricals Limited (CGCEL)

Incorporated in 2015, Crompton Greaves Consumer Electricals Limited (CGCEL) is one of the leading consumer companies in India. The company is involved in the manufacturing and trading of Electrical Consumer Durables and Lighting Products. The company comes with a brand legacy of over 90 years. In 1878, Col. R.E.B. Crompton founded R.E.B. Crompton & Company. Later, in 1927, the company was merged with F.A Parkinson and formed Crompton Parkinson Ltd (CPL). In India, Greaves Cotton and Co (GCC) was appointed their concessionaire. In 1937, CPL established its wholly-owned Indian subsidiary, Crompton Parkinson Works Ltd. Since then, Crompton Greaves Limited has been a pioneering leader in managing and applying electrical energy. In 1947, Lala Karamchand Thapar took over the company and set up a headquarters in Mumbai. On October 1, 2015, the consumer business of Crompton demerged from its parent company, Crompton Greaves Ltd and launched Crompton Greaves Consumer Electricals Limited. In 2016, the company released its IPO and got listed on the stock exchanges. As of March 2023, the company has 28 warehouses and 7 manufacturing units with an installed capacity of 22.9 million for fans, 98.4 million for lightning, and 0.51 million for pumps. They have 5,763 channel partners, more than 2,89,000 retailers and 11 industry partnerships.

Business Segments of Crompton Greaves Consumer Electricals Limited 

There are two primary business segments of the company, as follows:
  • Lighting: Under this segment, the company offers various lighting products, such as LED lights, LED bulbs, ceiling lights, table lights, and much more. They also provide industrial lighting and outdoor lighting like street light products.
  • Electrical Consumer Durables: Under this, the company offers several electrical products, such as ceiling fans, coolers, heaters, kitchen chimneys, dishwashers, micro ovens, etc. They provide kitchen appliances under their well-known brand Butterfly.
As of March 31, 2023, the subsidiaries of Crompton Greaves Consumer Electricals Limited are as follows:
  • Pinnacles Lighting Project Private Limited: This is a wholly-owned subsidiary of the company that is engaged in the operations and marketing of LED street lights and poles in Odisha.
  • Butterfly Gandhimathi Appliances Limited: This subsidiary of the company is engaged in the import, manufacture, sales and exports of household and industrial vessels and utensils.
  • Crompton CSR Foundation: This is a wholly-owned subsidiary of the company that conducts Corporate Social Responsibility (CSR) activities.

Key Personalities of Crompton Greaves Consumer Electricals Limited

Promeet Ghosh, Managing Director and Chief Executive Officer (CEO) Promeet Ghosh is the CEO and Managing Director of the company. He holds about 20 years of experience and served as the director on boards of several companies across various sectors. He was an investment banker for 20 years. Previously, he worked at DSP Merrill Lynch for 18 years and helped them with their Mergers and Acquisitions (M&A) franchise and then moved to Temasek, India.

Management Outlook of Crompton Greaves Consumer Electricals Limited

  • The company plans to increase their manufacturing capacity and quality through their Udaan initiative.
  • They plan to increase their brand visibility by raising the budget for digital marketing.

Parent Organisation
Indian Private
Managing Director
H M Nerurkar
Founded
2015
NSE Symbol
CROMPTON

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Community Discussion

A
AngelOne
21th March 2024
Crompton wins order for solar pumping systems in Haryana Crompton’s sustainability efforts, highlight its consecutive order win for solar water pumping systems in Haryana, emphasizing its commitment to green solutions and agricultural innovation. Crompton Greaves Consumer Electricals Ltd. has secured its fourth consecutive order for solar water pumping systems under the PM-KUSUM scheme, reaffirming its commitment to sustainable solutions in the agricultural sector. The latest order from Haryana, worth over Rs. 9 crores, underscores Crompton’s leadership in providing innovative and efficient pumps. Expanding Footprint In addition to the Haryana order, Crompton has received Letters of Empanelment for 2500 solar pumping systems in Maharashtra and 1000 systems in Rajasthan. These developments highlight Crompton’s growing presence and dedication to agricultural sustainability, with the total value of empanelment reaching approximately Rs. 85 crores. Empowering Farmers Solar power offers a win-win solution for farmers, reducing greenhouse gas emissions and lowering energy costs. By integrating solar into agriculture, Crompton is contributing to a greener future while enhancing farmers’ profitability and sustainability. A Brighter Future Crompton aims to deploy over 10,000 solar-powered pumps under the PM-KUSUM Scheme in the next few years, demonstrating its commitment to energy efficiency and innovation. Through its extensive after-sales service network and top R&D facilities, Crompton is poised to lead the way in sustainable irrigation solutions. Words from the VP Rajat Chopra, VP and Business Head, Pumps at Crompton, expressed his excitement about the fourth consecutive order and emphasized Crompton’s dedication to delivering cutting-edge and sustainable solutions. He highlighted the company’s belief in innovation and its commitment to redefining boundaries in the industry. Looking Ahead Crompton’s active engagement in tender processes across multiple states shows its readiness to make a meaningful impact in other regions as well. With a strong focus on sustainability and innovation, Crompton is paving the way for a brighter future in agriculture. About Crompton With a brand legacy of over 85 years, Crompton Greaves Consumer Electricals Ltd. is India’s market leader in fans and residential pumps. The company’s range of innovative products, including fans, pumps, lighting solutions, and home appliances, reflects its commitment to meeting consumer needs and driving energy efficiency. Crompton’s dedication to sustainable solutions and innovative technology is evident in its recent achievements and ongoing initiatives. As the company continues to expand its footprint in the agricultural sector, it is set to make a significant impact in India’s journey towards a more sustainable future. Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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Crompton Greaves Consumer Electricals Ltd FAQs

Crompton Greaves Consumer Electricals Ltd (CROMPTON) share price as of July 26, 2024, on NSE is Rs 443.3 (NSE) and Rs 443.3 (BSE) on BSE.
Yes, You can buy Crompton Greaves Consumer Electricals Ltd (CROMPTON) shares by opening a Demat account with Angel One.
Crompton Greaves Consumer Electricals Ltd (CROMPTON) share can be bought through the following modes:
1. Direct investment: You can buy Crompton Greaves Consumer Electricals Ltd (CROMPTON) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Crompton Greaves Consumer Electricals Ltd (CROMPTON) shares.
Macritchie Investments Pte Ltd and Amalfiaco Ltd, are the promoters of Crompton Greaves Consumer Electricals Ltd. In the year 2020 the promoters offloaded the firm's shares worth over Rs 1,631 crore through open market transactions.
Pinnacles Lighting Project Private Limited, Nexustar Lighting Project Private Limited & Butterfly Gandhimathi Appliances Limited are the three subsidiaries of Crompton.
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