Comments
Anil Rai Gupta, Joint MD of Havells India Ltd, has been appointed the Chairman and Managing Director of Havells India.
He succeeds Qimat Rai Gupta, founder chairman of the company, who died on Nov 7.
An Indian multinational in the fast moving electrical goods space, the company has a wide range of products in the electrical goods sector-from cables & wires, motors and pumps to modular switches, home appliances, electric water heaters etc.
The company reported revenue of Rs 1,365.09 crore in the quarter ending September this year and a net profit of Rs 119.61 crore. The FIIs have a significant stake in the equity of the company-next only to that of the promoters. The promoters held 61.64 per cent of the equity in the Q 2 of this fiscal and the FIIs held 29.28 per cent stake according to BSE data. The DIIs and others held about 9 per cent share in the equity.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.