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INTRODUCTION
CG has been an integral part of the India manufacturing story, one that has accelerated
with the socio-economic change in the country. A legacy company spanning over seventy five
years, CG has maintained its unwavering focus on India as a strategically important market.
Backed by our strong manufacturing capabilities, skilled workforce and technological edge, we
have retained a competitive advantage in the industry. From our market leading UHV solutions,
to being a preferred partner in sectors that define India’s economic prowess and industrial
growth, to supporting the country’s next leg of modernisation through Smart Grid and GIS,
producing bestin-class energy efficient motors, providing technological support to Indian
Railways - CG has made its mark as a reliable, innovative and sharply skilled manufacturer.
Strengthening the Core is about building on that intrinsic power centre from which springs the
innate ability to perform and operate effectively. At CG, we are doing this by building on our
core strengths, capabilities and competencies. Simply put, it is about doing what we do best.
For this year’s letter, I would like to start with a bit of history. Your Company was a
leading India-based player in transformers, switchgears, motors, fans, lights and other electrical
consumer products in 2005, when it made its first international acquisition of the Belgium based
Pauwels Group. It gave CG additional manufacturing facilities for power and distribution
transformers in Belgium, Ireland, Canada, the USA and Indonesia. This was followed by a series
of other acquisitions: of Ganz’ transformer and rotating machine facilities in Hungary in 2006; of
a series of automation businesses in Ireland, the USA, the UK and of ZIV in Spain; of power
systems and solutions businesses in the USA and the UK; of drives and automation in India and
Sweden; and some other operations involving services. The rationale for such acquisitions were
two-fold: first, to give CG a strong presence in markets abroad; and, second, to integrate these
enterprises in a manner such that your Company became a ‘full solutions provider’ to customers
across the world. Thanks to soaring demand right up to FY2011, majority of these acquisitions
earned good profits for your Company as a whole. In the first six years, the gains to CG were
excellent. The net present value of what your Company earned from these businesses exceeded
the cost of acquisition. Matters began to turn for the worse from FY2012, and the more so during
the next four years leading up to FY2016. In large part, it had to do with a tremendous slowdown
in demand for electrical equipment and solutions throughout the developed nations. Moreover,
barring a few international facilities, the effects of a demand downturn were exacerbated by a
flawed integration strategy in the power systems business. For four consecutive years, actions
were taken to correct the execution strategy. Among others, these involved substantial new
investments in setting up modern plant and equipment, calibrated rationalisation of the work
force and exploring new markets. None of these worked sufficiently enough to turnaround most
of the businesses from making losses to earning sustained profits. It became unsustainable.
HISTORY
Col. R. E. B. Crompton founded R.E.B. Crompton & Company in 1878. The company was
merged with F.A. Parkinson in 1927 to form Crompton Parkinson Ltd. Greaves Cotton and
Company, established by James Greaves in 1859, was appointed as their concessionaire in India.
The name Crompton Greaves Limited was adopted on 2 August 1966, following a court-directed
amalgamation of Greaves Cotton and Crompton Parkinson Ltd.
Over the years, the company has evolved into one of India's largest private sector enterprises.
In 1974, Crompton Greaves signed a Western Hemisphere exclusive with CEO H.W. (Hub)
Markwardt of Fort Worth, Texas based Encon Industries to begin exporting their highly efficient
high-breeze electric ceiling fans to the American market. Over the next 10 years, Crompton
Greaves would export over 6 million units of ceiling fans to Markwardt in North & South
America primarily for residential use under the brand name "Encon", which stood for ENergy
CONservation.
After the acquisition of the Belgium-based Pauwels Trafo/Pauwels Group in May 2005,
Crompton Greaves was ranked amongst the world's top ten electrical transformer manufacturers.
The company subsequently acquired companies outside India. These include Ganz (Hungary),
Microsol (Ireland), Sonomatra (France), MSE Power Systems (USA), and ZIV (Spain).
Crompton Greaves is a part of the US$4 billion Avantha Group, and is headquartered in a
building CG House at Worli, Mumbai. In 2009 Crompton Greaves adopted a new brand identity
and is since known as CG.Crompton Greaves made series of acquisitions overseas which
included [4]- ZIV Group for Euro 150 Mn, QEI Inc, provider of SCADA and automation
systems for $30.0 Mn and Emotron Group, a power electronics and engineering company, for
$82.3 Mn (57.8 Mn Euros).
In September 2012, HSBC Global Investment Funds raised its stake in Crompton Greaves from
1.29% to 2.68% through bulk deal on BSE for R927.3 million.
In March 2009, Crompton Greaves acquired 41% stake in Avantha Power & Infrastructure
Limited for R2.27 billion.
Crompton Greaves Hill Briz 3 Blade (1200mm) Ceiling Fan Price:Rs. 1,399
GENERAL
Number of Blades 3
Color White
Number of Speed 5
Settings
PRODUCT DETAILS
DIMENSIONS
Weight 3.8 kg
GENERAL
Number of Blades 3
Shade Red
Color Red
Pack of 1
Number of Speed
4
Settings
PRODUCT DETAILS
DIMENSIONS
Weight 4 kg
Downrod Height 25 cm
Crompton Greaves High Speed 3 Blade (1200mm) Ceiling Fan Best Price: ₹ 1,889
GENERAL
Number of Blades 3
Shade Brown
Color Brown
Reversible Rotation No
Number of Speed
3
Settings
Pack of 1
PRODUCT DETAILS
DIMENSIONS
Weight 3.88 kg
TECHNICAL DETAILS
Brand Crompton
Size 26X21X25 CM
GENERAL
Number of Blades 4
Shade White
Color White
Number of Speed
4
Settings
PRODUCT DETAILS
DIMENSIONS
Weight 3.75 kg
Crompton Greaves High Flo Eva 3 Blade (400mm) Table Fan Price: ₹ 1,719
GENERAL
Number of Blades 3
Remote No
Pack of 1
PRODUCT DETAILS
DIMENSIONS
Weight 4.1 kg
Box Height 13 cm
Box Length 59 cm
Depth 20 mm
Box Width 46 cm
TECHNICAL DETAILS
Brand Crompton
Model TFFIZZAIRHS16-OPW
Size Standard
Manufacturer Crompton
GENERAL
Number of Blades 3
Shade Blue
Color Yellow
Number of Speed
0
Settings
Pack of 1
PRODUCT DETAILS
DIMENSIONS
Weight 1 kg
Crompton Greaves Brisk Air 5 Blade (200mm) Exhaust Fan Price: ₹ 1,198
GENERAL
Number of Blades 5
Shade White
Color White
Reversible Rotation No
Number of Speed
1
Settings
PRODUCT DETAILS
DIMENSIONS
Weight 0.8 kg
POWER FEATURES
CONCLUSION
India’s weather can only be managed if you have the right air circulator in your home.
Throughout the year, be it summer or winter, having fans in your home is not just a requirement,
but an essential. Crompton understands this need well, and offers a range of modern air
circulator systems that are the solution your home needs. With over twenty years of experience
keeping Indian homes cool and breezy, we understand the need of each room, and have a fan for
you that is the right fit.
Our product range includes ceiling fans that are stylish and fit well with your room’s designs,
table and pedestal fans that offer portability, wall mounted fans for those tight spots where most
fans won’t fit as well as exhaust fans to keep your bathroom and kitchens airy and smell-free.
With a competitive range, Crompton ensures that you find the right fans online or offline.
Whether you plan to add a zing to your living room, need a new pedestal fan for your balcony or
want to do over your kids’ room with the best cartoon graphics, we have an option for you!
COURSE OUTCOME
REFERENCE
www.crompton.co.in
www.mysmartprice.com
www.wikipedia.com