CHAPTER III

COMPANY PROFILE

BAJAJ ELECTICALS

COMPANY INTRODUCTION
Bajaj Electricals (BEL) incorporated in 1938 is engaged in business appliances, fans, lighting,
luminaries and engineering and projects
On 1 October 1960 it was renamed to Bajaj Electrical Limited. In 1964, Matchwell Electricals
(India) Limited, ("Matchwell"), a manufacturer of electric fans became a subsidiary of the
Company and subsequently, with effect from July 1, 1984, the business and undertaking of
Matchwell was amalgamated with the Company. In the financial year 1993-1994, Bajaj
Electricals entered a joint venture with Black & Decker Corporation, United States, for the
manufacture and marketing of power tools, household appliances, and related accessories,
through a separate company named Black & Decker Bajaj Private Limited, ("Black & Decker
Bajaj"). During the financial year 1999-2000 Black & Decker Bajaj became a 100% subsidiary
of the Company upon the Company acquiring a further 50% of the shareholding thereof from
Black & Decker Corporation, pursuant to which Black & Decker Bajaj was renamed as Bajaj
Ventures Limited. However, in the financial year 2002-2003, the Company divested 50% of its
shareholding in Bajaj Ventures Limited and Bajaj Ventures Limited ceased to be a subsidiary of
the Company. In January 1998, the Company established a new manufacturing unit at Chakan
near Pune and commenced operations of manufacturing of fans and die-cast components. The
production of fans at the manufacturing activities of the Matchwell unit also was gradually
shifted to the Chakan unit. In September 1999, Bajaj established and commissioned a wind
energy generation unit with an installed capacity of 2.8 megawatts at Village Vankusawade, Tal.
Patan, District Satara, Maharashra. The facility continues to run profitably till date.
In the year 2000-2001 the Company set-up manufacturing facilities including a fabrication unit
and a galvanising plant at Ranjangaon, near Pune for the manufacture of high masts, lattice
towers, and related products, and the said manufacturing facilities commenced commercial
production with effect from April 1, 2001.
In November 2002, the Company entered into a technical collaboration and brand licensing
agreement with Morphy Richards, United Kingdom, for the sales and marketing of electrical
appliances under the brand name of "Morphy Richards" in India.
In the year 2005, the company entered into a Distribution agreement with Trilux Lenze of
Germany for high end technical lighting.
In the year 2007, the company acquired 32% of the share capital of Starlite Lighting Limited, a
company engaged in the manufacture of Compact Fluorescent Lamps ("CFLs").
In 2012-2013, they have completely divested the stake and association with Black & Decker
Corporation, USA.
In 2015 Bajaj Electricals appointed On Ads Communications (a part of on ads group ) as their
sole creative partner.
BEL is a part of the Rs. 20000 crore Bajaj Group.
In India company has 19 branch offices spread across in Ahmedabad, Bangalore, Bhubaneshwar,
Chandigarh, Chennai, Cochin, Delhi, Guwahati, Hyderabad, Indore, Jaipur, Kolkata, Lucknow,
Mumbai, Nagpur, Noida, Patna, Pune and Raipur.
Company’s depots are located at Daman, Dehradun, Faridabad, Goa, Parwanoo, Ranchi and
Zirakhpur.
In India, Bajaj Electricals has network of 600 distributors, 3000 authorised dealers, over 2,50,000
retail outlets and over 230 service franchises.
Company also operates 2.8 MW Wind Farm situated at Village Vankusawade in Maharashtra.
In 2003, Bajaj Electricals entered into a licensing and sourcing agreement with UK–based home
appliance company Morphy Richards. This agreement makes the Bajaj Electricals a global
supplier of select domestic home appliances.
In 2010 Bajaj Electricals Partnered with Vector Consulting Group to revamp its Supply Chain.

BAJAJ GROUP (PARENT COMPANY)

Bajaj Group started its journey in 1931 by establishing sugar manufacturing factory. Today it has
grown to be major conglomerate that owns 25 companies and has a workforce of over 25000
employees. Besides Bajaj Electricals the group owns companies namely Mukand International,
Bajaj Auto, Mukand Engineers, Mukand, Mukand Global Finance, Bajaj Hindustan, Bachhraj
Factories, Maharashtra Scooters, Bajaj Consumer Care, Bajaj Auto Finance, Bajaj Auto
Holdings, Bajaj Auto Finance, Hercules Hoists, Bajaj Allianz General Insurance Company,
Bombay Forgings and many more.

VISION

Enhancing quality of life and bringing happiness with sustainability

Our vision has always been to be the leader in the industry and a consumer’s original choice. We
strive to fulfil this everyday by being open to change and constantly improving ourselves. We, at
Bajaj Electricals, also believe in enhancing the quality of life of our customers, stakeholders and
of course our employees through everything that we do. We also understand the significance of
sustainable growth, and hence endeavour to be a responsible company. Our core business
strategy has sustainability embedded into it right from the beginning. We believe in giving back
to the community and are attuned to the importance of being socially and environmentally
conscious in all that we do.

MISSION

 Integrity
Having complete integrity alignment in what we feel, we speak and what we do, therby
demonstrating honesty and having strong moral principles.

 Team work
Believing in ‘One for all and all for One’ thereby working together to exceed our expectations in
achieving organisational objectives.

 Empowerment
Creating conditions and enabling people to take responsibility for enhanced contribution towards
personal and organisational objectives.

 Customer delight
Proactively anticipating internal and external customer needs and relentlessly working towards
exceeding their expectations.
  Innovation
To continuously explore, develop, create and implement new technology, processes, ideas and
products.

 Trust
Having firm belief in the reliability, truth and ability of all associates and company processes.

PRODUCTS
Appliances– Under this company manufactures products such as water heaters, mixers, micro
ovens, room air coolers, irons, room heaters, gas stoves and electric kettles.
Company manufactures a wide range of electric fans.
Lighting– Under this company manufactures lamps, torches, tubes and wide range of luminaries.
Engineering and Projects– The company has been awarded with majors lighting projects from
NTPC, Reliance Infocom, Sports Authority of Andhra Pradesh, Tamil Nadu State Electricity
Board / Power Grid Corporation, Jaipur Vidyut Vitran Nigam to name few.
In order to expand its product portfolio, the company has tie up with Nardi electro domestic Spa
of Italy for Gas Appliances, Securition of Switzerland for fire alarms and Security Products.

AWARDS AND RECOGNITION

Bajaj Electricals received ‘Mera Brand’ Awards for water heaters and fans at Consumer World
Awards held by FMCG Federation of India in 2008.
Company’s manufacturing unit have accredited with ISO 9001 / 9002 and ISO 14001
certifications for its quality management.
Morphy Richards Irons and Blenders print Ads are awarded with the Silver Abby held at Goa
Fest 2008.Bajaj Electricals won the prestigious Master Brand title conferred by CMO USA &
CMO Asia in November 2010 for leadership and continuous innovation.
Bajaj Lighting won the Gold Award in the Reader's Digest Trusted Brand 2011 Survey, India.
In 2013 Bajaj Electricals won 50 Most Talented Brand Leaders of India.
DIVERSIFIED ACTIVITIES

In its 75th year, Bajaj Electricals Ltd under its CSR initiatives has launched an ‘employment
enhancing vocational skills and livelihood’ program. The program is named “Project Disha” and
is in the conjuncture with the company’s Customer Care department. The execution partner is
Labour Net, a Bangalore-based social enterprise, who have worked with the National Skills
Development Corporation on various projects in the past.

This is the first such endeavor in which the company will be training 1000 after sales repair
technicians across 7 locations in India over a period of 15 months. Project Disha will
encompass all our efforts in the area of skills upgradation and vocational skills training to
youth. The tagline for the project “empowering youth towards self-sufficiency” indicates the
vision to create skilled workforce.

The Customer Care department of Bajaj Electricals will help with the technical expertise
required in terms of conducting Training of the Trainers (TOT), aiding procurement of the
tools and training content finalization.

The 7 locations where the project will be executed are Bangalore, Siliguri, Durgapur, Pune,
Nashik, Coimbatore and Kolkata. LabourNet, our training partner, will be sourcing the
students at the above mentioned 7 locations, training and certifying them under CSR team’s
supervision. In the first phase of the project, the youth at three locations – Bangalore, Nashik
and Kolkata will be trained in after sales services.

On this occasion, Chairman & Managing Director of Bajaj Electricals Ltd. Shekhar Bajaj says
“With more than 50 percent of the Indian population below the age of 25 years, a major
problem we are facing is, in getting some gainful employment for the youth. Bajaj Electricals
as part of its CSR, through Project Disha will reach out to the youth for vocational guidance
and skills enhancement. With the expansion for the consumer durables market the need for
good service and repair technicians will be on the rise. Once we succeed in this project we
will expand our activities further in this direction”.
 Industry Electrical equipment
 Founded 14 July 1938
 Founder Kamalnayan Bajaj
 Headquarters Mumbai, Maharashtra, India
 Key people Shekhar Bajaj, Chairman & MD, Mr Anant Bajaj, JMD
 Products Home Appliances, Fans, Lighting & Engineering and Products
 Revenue ₹27.7 billion (US$410 million)
 Parent Bajaj Group
 Subsidiaries Starlite Lighting.
 BHARAT HEAVY ELECTRICALS LIMITED

COMPANY INTRODUCTION
BHEL was established in 1964 Heavy Electricals (India) Limited was merged with BHEL in
1974In 1982, it entered power equipment, to reduce its dependence on the power sector. It
developed the capability to produce a variety of electrical, electronic and mechanical equipment
for all sectors, including transmission, transportation, oil and gas and other allied industries. In
1991, it was converted into a public limited company. By the end of 1996, the company had
handed over 100 Electric Locomotives to Indian Railway and installed 250 Hydro-sets across
India.

OPERATIONS
BHEL is engaged in the design, engineering, manufacturing, construction, testing,
commissioning and servicing of a wide range of products, systems and services for the core
sectors of the economy, viz. power, transmission, industry, transportation, renewable energy, oil
& gas and defence.

It has a network of 17 manufacturing units, 2 repair units, 4 regional offices, 8 service centres, 8
overseas offices, 15 regional centres, 7 joint ventures, and infrastructure allowing it to execute
more than 150 projects at sites across India and abroad. The company has established the
capability to deliver 20,000 MW p.a. of power equipment to address the growing demand for
power generation equipment.

BHEL has retained its market leadership position during 2015-16 with 74% market share in the
Power Sector. An improved focus on project execution enabled BHEL record its highest ever
commissioning/synchronization of 15059 MW of power plants in domestic and international
markets in 2015-16, marking a 59% increase over 2014-15. With the all-time high
commissioning of 15000 MW in a single year FY2015-16, BHEL has exceeded 170 GW
installed base of power generating equipment.
It also has been exporting its power and industry segment products and services for over 40
years. BHEL's global references are spread across over 76 countries across all the six continents
of the world. The cumulative overseas installed capacity of BHEL manufactured power plants
exceeds 9,000 MW across 21 countries including Malaysia, Oman, Iraq, UAE, Bhutan, Egypt
and New Zealand. Their physical exports range from turnkey projects to after sales services.

VISION
A global engineering enterprise providing solutions for a better tomorrow.

MISSION
Providing sustainable business solutions in the fields of Energy, Industry and infrastructure.

VALUES

 Governance : We are stewards of our shareholders’ investments and we take that

responsibility very seriously. We are accountable and responsible for delivering superior results
that make a difference in the lives of the people we touch.
 Respect : We value the unique contribution of each individual. We believe in respect
for human dignity and we respect the need to preserve the environment around us.
 Excellence : We are committed to deliver and demonstrate excellence in what we do.

 Loyalty : We are loyal to our customers, to our company and to each other.

 Integrity : We work with highest ethical standards and demonstrate a behaviour that is
honest, decent and fair. We are dedicataed to highest levels of personal and institutional
integrity.
 Commitment : We set high performance standards for ourselves as individuals and
our teams. We honour our commitments in a timely manner.
 Innovation : We constantly support development of newer technologies, products,
improved processes, better services and management practices.
 Team work : We work together as a team to provide best solutions and services to our
customers, thorough quality relationships with all stakeholders we deliver value to our
customers.
PRODUCTS AND SERVICES
 Thermal power Plants
 Nuclear power Plants
 Gas based power Plants
 Hydro power Plants
 DG power Plants
 Boilers (steam generator)
 Boiler Auxiliaries
 Gas generator
 Hydro generator
 Steam turbine
 Gas turbine
 Hydro turbine
 Transformer
 Switchgear
 Oil field equipment
 Boiler drum
 Piping System
 Soot Blowers
 Valves
 Seamless Steel Tubes
 Condenser s and Heat exchangers
 Pumps
 Desalination and Water treatment plants
 Automation and Control systems
 Power electronics
 Transmission system control
 Semiconductor devices
 Solar photo voltaic
  Software system solutions
 Bus ducts
 Insulators
 Control panels
 Capacitors
 Bushings
 Electrical machines
 DC, AC heavy duty Motors
 Compressors
 Control gears
 Traction motors

AWARDS AND RECOGNITIONS

 Appreciation shield (June 2016) by the External Affairs Minister Sushma Swaraj and the
Union Minister of Water Resources, River Development and Ganga Rejuvenation Uma
Bharati for successful commissioning of Salma Dam project in Afghanistan.
 BHEL wins India Pride Award 2015-16 for Excellence in Heavy Industries.
 It is the 7th largest power equipment manufacturer in the world.
 BHEL was adjudged the Best Power Equipment Manufacturing Organisation by CBIP
 The company bagged PSE Excellence Award 2014 for R&D & Technology Development
 BHEL received the National Intellectual Property Award 2014 and WIPO Award for
Innovative Enterprises
 In 2014, BHEL won ICAI National Award for Excellence in Cost Management for the
ninth consecutive year.
 BHEL received two awards in CII-ITC Sustainability Awards 2012 from the President of
India.
 In the year 2011, it was ranked ninth most innovative company in the world by US
business magazine Forbes.
 The company won the prestigious ‘Golden Peacock Award for Occupational Health &
Safety 2011’ for significant achievements in the field of Occupational Health & Safety.
  It is also placed at 4th place in Forbes Asia's Fabulous 50 List of 2010.
 BHEL wins MoU Excellence Award for the year 2006–07 for the highest growth rate in
Market Capitalization.

DIVERSIFIED ACTIVITIES

The turnover and profits of Bharat Heavy Electricals Limited (BHEL) have steadily increased
over the years. Giving this information in written reply to a question in Lok Sabha today,
Praful Patel, Minister of Heavy Industries and Public Enterprises said that a number of steps
have been taken by BHEL for enhancing its performance which, inter-alia, include:

Introduction of upgraded modules – 270 MW, 525 MW and 600 MW thermal units and also
the super-critical thermal sets of 660 MW, 700 MW and 800 MW ratings suiting the local
conditions.

Scaled up the capacity to deliver 20,000 MW of power equipment (main plant & machinery)
per annum.

Increased R&D focus : The Company spent nearly Rs. 1,199 crore i.e. 2.42% of Turnover
during 2011-12 on R&D and filed 351 patents/ copyrights making BHEL one of the highest
patent filers in the Country after CSIR.

MAIN MANUFACTURING FACILITIES

 Centralised Stamping Unit & Fabrication Plant (CSU & FP), Jagdishpur
 Insulator Plant (IP), Jagdishpur
 Electronics Division (EDN), Bangalore
 Electronic System Division (ESD), Bangalore
 Electro-Porcelains Division (EPD), Bangalore
 Heavy Electrical Plant (HEP), Bhopal
 Industrial Valves Plant (IVP), Goindwal
 Heavy Electrical Equipment Plant (HEEP), Ranipur (Haridwar)
 Central Foundry Forge Plant (CFFP), Ranipur (Haridwar)
  Heavy Power Equipment Plant (HPEP), Hyderabad
 Transformer Plant (TP), Jhansi
 Boiler Auxiliaries Plant (BAP), Ranipet
 Component Fabrication Plant (CFP), Rudrapur
 High Pressure Boiler Plant (HPBP), Tiruchirappalli
 Seamless Steel Tube Plant (SSTP), Tiruchirappalli
 Power Plant Piping Unit (PPPU), Thirumayam
 Heavy Plates & Vessels Plant (HPVP), Visakhapatnam
 Heavy Equipment Repair Plant (HERP), Varanasi

The company is also setting up a new Greenfield Power Equipment Fabrication Plant (GPEFP) at
Bhandara, Maharashtra, the foundation stone for which was laid on 14 May 2013. Further,
BHEL is planning to enter solar manufacturing in a big scale, as it has announced its plans for a
600 MW Solar Module Factory

RESEARCH AND DEVELOPMENT

BHEL's investment in R&D is amongst the largest in the corporate sector in India. During the
year 2012-13, the company invested about ₹1,252 crores on R&D efforts, which corresponds to
nearly 2.50% of the turnover of the company, focusing on new product and system developments
and improvements in existing products for cost competitiveness, higher reliability, efficiency,
availability and quality etc. To meet customer expectations, the company has upgraded its
products to contemporary levels through continuous in-house efforts as well as through
acquisition of new technologies from leading engineering organizations of the world. The IPR
(Intellectual Property Rights) capital of BHEL grew by 21.5% in the year, taking the total to
2170.

The Corporate R&D division at Hyderabad leads BHEL’s research efforts in several areas of
importance to BHEL’s product range. Research & product development (RPD) Groups for each
product group at the manufacturing divisions play a complementary role. BHEL has established
Centres of Excellence for Simulators, Computational Fluid Dynamics, Permanent Magnet
Machines, Surface Engineering, Machine Dynamics, Centre for Intelligent Machines and
Robotics, Compressors & Pumps, Centre for Nano Technology, Ultra High Voltage Laboratory
at Corporate R&D; Centre of Excellence for Hydro Machines at Bhopal; Power Electronics and
IGBT & Controller Technology at Electronics Division, Bengaluru, and Advanced Fabrication
Technology and Coal Research Centre at Tiruchirappalli.

BHEL has established four specialized institutes, viz., Welding Research Institute (WRI) at
Tiruchirappalli, Ceramic Technological Institute (CTI) at Bangalore, Centre for Electric Traction
(CET) at Bhopal and Pollution Control Research Institute (PCRI) at Haridwar. Amorphous
Silicon Solar Cell plant at Gurgaon pursues R&D in Photo Voltaic applications.

Significantly, BHEL is one of the only four Indian companies and the only Indian Public Sector
Enterprise figuring in 'The Global Innovation 1000' of Booz & Co., a list of 1,000 publicly traded
companies which are the biggest spenders on R&D in the world.

 Type Public
 Industry Electrical equipment
 Founded 1964
 Founder Government of India
 Headquarters New Delhi, India
 Area served Worldwide
 Key people Atul Sobti, (Chairman & MD)
 Products Gas and Steam Turbines, Boilers, Electric Motors, Generators, Heat
Exchangers, Pumps, Switchgears, Sensors, Automation and Control Systems, Power
electronics, Transmission systems etc.
 Revenue 26,350.60 crore (US$3.9 billion) (2016)
 Net income 897.39 crore (US$130 million) (profit) (2016)
 Total assets 75,242.57 crores (US$11 billion)
 Total equity 33,156.87 crores (US$4.9 billion)
 Owner Government of India.
 HAVELLS ELECTRICALS

COMPANY INTRODUCTION

Havells India Ltd is one of the largest  electrical equipment companies in India. Founded in
1983, the company has products ranging from home and kitchen appliances, lighting for
domestic, commercial and industrial applications, LED lighting, fans, modular switches and
wiring accessories, water heaters, industrial and domestic circuit protection switchgear, industrial
and domestic cables and wires, induction motors, and capacitors among others.

Havells India owns some of the most prestigious Indian brands like Havells, LLoyd, Crabtree,
Standard Electric, and Promptech. The company has 23 branches / representative offices with
over 6,000 professionals in over 50 countries

VISION

"To be a globally recognized corporation that provides best electrical & lighting solutions,
delivered by best-in-class people."

MISSION

To achieve our vision through fairness, business ethics, global reach, technological expertise,
building long term relationships with all our associates, customers, partners, and employees

VALUES

 Customer Delight:
A commitment to surpassing our customer expectations.
 Leadership by example:
A commitment to set standards in our business and transactions based on mutual trust.
 Integrity and Transparency:
A commitment to be ethical, sincere and open in our dealing.
  Pursuit of Excellence:
A commitment to strive relentlessly, to constantly improve ourselves, our teams, our services and
products so as to become the best in class.

PRODUCTS AND SERVICES

 Household Appliances
 Water Heaters
 Personal Grooming
 Professional Luminnaires
 Conusmer LED Lighting
 Swittches
 Fabio Switches
 Consumer Switchgear & Industrial Switchgear
 Domestic Pumps
 Consumer Cables
 LT/HT Power & Control Cables
 Motor
 Air Cooler
 Resident Roof Top Solar Solution
 Building Circuit Protection
 Miniature Circuit Breaker
 Industrial Circuit Protection
 Professional and Consumer Lighting
 Small Domestic Appliances
 Air Purifiers
 Capacitors
 Ceiling Fans, Table Fans, Pedestal Fans, Wall Fans, Exhaust Fans
 Domestic Water Pumps
AWARDS AND RECOGNITIONS
 Reader’s Digest Trusted Brands In 2015
 Corporate Excellence Award In 2015
 Entrepreneur Of The Year-Consumer Electrical Category In 2014
 Excellence In The Field Of Banking And Finance In 2014
 Innovative IT Implementation In 2012

RESEARCH AND DEVELOPMENT

Havells focuses on innovation as one of the main pillars for growth. An on going research based
on new ideas, inventions gives our work force a new direction towards technical progress.

We have always worked towards making a difference with our products. All of our innovations
focus on making a valuable difference to our customer's lives. Our products like wires – that
don't catch fire, or water heaters – that keep water hot for 24 hours and use little electricity and
more are all made with attention to detail- enabling us to fulfill their responsibility towards our
end user.

Our teams are also focused on providing best products with zero defect services to enable them
to be comfortable and secure in usage of electricity.

Havells has dedicated R&d centers in all its plants and at head office. The centers closely co-
operates and work with various department to provide the best and the latest in the term of
technology and design.

QUALITY CONTROL

We are conscious of good quality products manufactured at our plants. Various quality control
measures are taken to deliver products that are safer, faster and simply better. Our teams realise
and respect the basic requirement of our customers for a secure appliance and so we have
committed ourselves to create world-class products in India to maintain the quality globally.
All our products are as per IEC standards. QRG has a simple rule on quality- If it doesn't exceed
customer expectation, it's not quality performance.

 Type Public
 Industry Electrical equipment
 Founded 1964
 Founder Government of India
 Headquarters Noida, India
 Area served Worldwide
 Key people Anil Rai Gupta, (Chairman & MD)
 Products Fast Moving Electrical Goods
 Revenue 6,720.24 crore(US$1.0 billion) (2017)
 Net income 539.04 crore(US$83 million) (2017)
 Total assets 4,959.99 crore(US$760 million) (2017)
 SIEMENS

COMPANY INTRODUCTION

Siemens AG is a German conglomerate company headquartered in Berlin and Munich and the

largest industrial manufacturing company in Europe with branch offices abroad.

The principal divisions of the company are Industry, Energy, Healthcare (Siemens Healthineers),

and Infrastructure & Cities, which represent the main activities of the company. The company is
a prominent maker of medical diagnostics equipment and its medical health-care division, which
generates about 12 percent of the company's total sales, is its second-most profitable unit, after
the industrial automation division. 

VISION
We strive to fulfil this everyday by being open to change and constantly improving ourselves.
We, at SIEMENS, also believe in enhancing the quality of life of our customers, stakeholders
and of course our employees through everything that we do. We also understand the significance
of sustainable growth, and hence endeavour to be a responsible company. Our core business
strategy has sustainability embedded into it right from the beginning. We believe in giving back
to the community and are attuned to the importance of being socially and environmentally
conscious in all that we do.

MISSION
Providing sustainable business solutions in the fields of Energy, Industry and infrastructure.

PRODUCTS AND SERVICES

 Automation
 Building technologies
 Drive technology
 Energy
  Healthcare
 Monility
 Financing
 Consumer products
 Services

OPERATIONS
Electrification, automation and digitalization are the long-term growth fields of Siemens. In
order to take full advantage of the market potential in these fields, Siemens businesses are
bundled into nine divisions and healthcare as a separately managed business.

 Power and Gas

 Wind Power and Renewables
 Power Generation Services
 Energy Management
 Building Technologies
 Mobility
 Digital Factory
 Process Industries and Drives
 Financial Services
 Healthineers
 Automation and drive system for steel Mills

RESEARCH AND DEVELOPMENT

In 2011, Siemens invested a total of €3.925 billion in research and development, equivalent to
5.3% of revenues. As of 30 September 2011, Siemens had approximately 11,800 Germany-based
employees engaged in research and development and approximately 16,000 in the rest of the
world, of whom the majority were based in either Austria, China, Croatia, Denmark, France,
India, Japan, Mexico, The Netherlands, Russia, Slovakia, Sweden, Switzerland, the United
Kingdom or the United States. As of 30 September 2011, Siemens held approximately 53,300
patents worldwide.

 Industry Conglomerate
 Founded 1847
 Headquarters Berlin and Munich, Germany
 Area served Worldwide
 Key people Joe Kaeser (CEO)
 Products Power generation technology, industrial and
buildings automation, medical technology, railway vehicles.
 Revenue €83.049 billion (2017)
 Net income €8.309 billion (2017)
 Total assets €43.089 billion (2017)