On June 26, the stocks of electronics manufacturers Voltas and Whirlpool saw notable increases.
This occurred in response to a report that asserted Panasonic’s withdrawal from loss-making categories in India, including refrigerators and laundry machines.
According to a media outlet, which cited persons familiar with the situation, Japanese electronics giant Panasonic Holdings is cutting back on its consumer electronics operations in India and is leaving the refrigerator and washing machine markets where it was unable to gain a sizable market share.
Company Declared the Move in an Official Statement
The media outlet has been informed by a Panasonic spokesperson that the company is indeed exiting the two segments in India. The company is closing its production line for these products at its facilities in Jhajjar, Haryana, according to the report.
At the moment, the company works as a contract manufacturer for other companies. Panasonic in India is rebuilding operations to concentrate on future-ready growth segments like home automation, heating, ventilation, and air conditioning (AC), business-to-business (B2B) solutions, electricals, and energy solutions, in accordance with our global strategy and changing market dynamics, a spokesperson said in an official statement.
In addition to continuing to offer complete customer support, including parts and warranty coverage, Panasonic will assist dealers with inventory disposal.
Panasonic in Restructuring Mode
According to various media reports, Panasonic’s reorganisation exercise will involve significant layoffs, with the number likely to be in the high double digits. Following this, the business will keep operating in India in the television, air conditioner, and other categories.
When questioned about the potential layoffs, a representative of the company stated that the company is fully committed to supporting and aiding the impacted employees and that it is a difficult but necessary step.
By increasing their market share, the other competitors in the categories will probably gain from the departure of a significant player from the market. Voltas shares increased more than 2% to trade at INR 1,341 apiece, while Whirlpool shares surged more than 5% to reach their day’s high of INR 1,455 apiece.
Additionally, the business stated that it will help dealers get rid of the leftover refrigerator and washing machine inventory. Existing customers will continue to get warranty coverage, spare parts, and after-sales service.
Panasonic’s action is in line with a broader worldwide trend in which established electronics companies are simplifying their consumer portfolios in order to give priority to high-growth sectors.
The business is currently establishing itself as a major force in commercial HVAC (heating, ventilation, and air conditioning) systems, sustainable energy technologies, and smart home ecosystems in India.
If you live in India then it is impossible to not have an idea of what Tata does and what it is. The commodities of Tata Group can be found anywhere and everywhere all over the country. From vehicles to salt, it has become a household name all over India; in fact, not only in India, it has become a well-known brand in the whole world. This multinational company is ruling the hearts of people for over 150 years and with the way it is expanding and performing, it is not going to stop anytime soon.
Tata is not offering you a single component, this multinational company is offering you multiple things, and they have something to provide to the people in every industry. Tata Group first started its journey in the year 1868, Jamsetji Tata was the founder, and it is one of the oldest and largest industrial groups in India.
All the companies that Tata Group owns are independently operated, they have different boards of directors and shareholders and the company works under their management. Wondering, how many companies does Tata own?
Read this article to learn about all the companies owned by Tata, the multinational giant. So let’s get started.
“I have been constantly telling people to encourage people, to question the unquestioned and not to be ashamed to bring up new ideas, new processes to get things done.” – Ratan Tata
Tata Chemicals is a well-renowned player in the chemical industry. It was founded in 1939 and is headquartered in Mumbai, Maharashtra. Its operations are spread across India, North America, and Africa. It has the third-largest soda ash production plant capacity in India.
Tata Steel Limited
Tata Owned Company
Tata Steel Limited
Founded
1907
Current CEO
Thachat Viswanath Narendran
Website
Tatasteel.com
Tata Owned Companies – Tata Steel Limited
Tata Steel is among the top global steel companies with an annual crude steel capacity of 34 million tonnes annually. It is one of the world’s most geographically diversified steel producers, with operations and commercial presence across the globe. It is based in Jamshedpur, Jharkhand, and headquartered in Mumbai, Maharashtra.
Tata Coffee Limited
Tata Owned Company
Tata Coffee Limited
Founded
1922
Current CEO
Chacko Purackal Thomas
Website
Tatacoffee.com
Tata Owned Companies – Tata Coffee Limited
Tata Coffee traces its origins back to 1922 when it was formed through the merger of two plantation companies. It became part of the Tata Group companies and was officially renamed Tata Coffee Limited in 2000. The integration of Tata Coffee into Tata Consumer Products signifies a transformative change in its business strategy, designed to harness the synergies within the Tata Group and boost growth in the increasingly competitive beverage sector. Tata Starbucks was founded in 2012 and is a joint venture between Tata Consumer Products and Starbucks Corporation.
Tata Trent, one of the Tata companies is the retail subsidiary of Tata Group, founded in 1998. Trent operates various retail formats, including Westside, Zudio, Star Bazaar, and Landmark. These formats cater to different segments of the Indian market. It is headquartered in Mumbai.
Tata Communications
Tata Owned Company
Tata Communications
Founded
1936
Current CEO
Amur Lakshminarayanan
Website
Tatacommunications.com
Tata Owned Companies – Tata Communications
Tata Communications Limited, one of the Tata companies, originally known as Videsh Sanchar Nigam Limited (VSNL), is a prominent Indian telecommunications company. Before being acquired by the Tata Group in 2002, it operated as a government-owned entity, overseen by the Department of Telecommunications, Ministry of Communications, and the Government of India. The privatization occurred under the leadership of the Third Vajpayee Ministry, marking a significant shift from public to private ownership. It is headquartered in Mumbai.
Tata Play
Tata Owned Company
Tata Play
Founded
2006
Current CEO
Harit Nagpal
Website
Tataplay.com
Tata Owned Companies – Tata Play
Tata Play, one of the Tata Companies is an Indian subscription-based satellite television (DTH) service provider, that utilizes MPEG-4 digital compression technology and broadcasts via the INSAT-4A, GSAT-10, and GSAT-24 satellites. Established in 2005, Tata Play currently offers over 630 channels, including 543 SD channels and 91 HD channels, along with a variety of value-added services. It is the largest DTH provider in India. As of March 2023, Tata Play serves 21.3 million subscribers, accounting for 32.65% of the total DTH user base in the country, according to TRAI data. It is headquartered in Mumbai.
Tata Teleservices
Tata Owned Company
Tata Teleservices
Founded
1996
Current CEO
Harjit Singh
Website
Tatatelebusiness.com
Tata Owned Companies – Tata Teleservices
Tata Teleservices, a Tata enterprise, is a leading provider of telecommunications services in India headquartered in Mumbai, offering fixed-line telephony, broadband, and enterprise solutions for both retail and business customers. The company focuses on voice, data, and managed services, with a particular emphasis on supporting the digital transformation of small and medium enterprises (SMEs) through services like cloud applications, Internet of Things (IoT) solutions, and cybersecurity.
Tata Consultancy Services
Tata Owned Company
Tata Consultancy Services
Founded
1968
Current CEO
K Krithivasan
Website
Tcs.com
Tata Owned Companies – TCS
Tata Consultancy Services (TCS) is a prominent Indian multinational technology firm specializing in information technology services and consulting. Headquartered in Mumbai, TCS is a key player in the Tata Group companies and operates in 150 locations across 46 countries worldwide. It ranks as the second-largest Indian company in terms of market capitalization.
Tata Digital
Tata Owned Company
Tata Digital
Founded
2019
Current CEO
Naveen Tahilyani
Website
Tatadigital.in
Tata Owned Companies – Tata Digital
Tata Digital, one of the Tata Group companies, is an innovative company that creates consumer-driven and highly engaging digital products. Tata Neu is the Tata Group’s first launch, a super-app that provides omnichannel rewards across various consumer segments including groceries, fashion, electronics, travel, health, fitness, entertainment, and financial services, all in a single platform. Tata Digital Private Limited, a wholly-owned subsidiary of Tata Sons Private Limited, was founded in March 2019.
Tata Technologies
Tata Owned Company
Tata Technologies
Founded
1989
Current CEO
Warren Harris
Website
Tatatechnologies.com
Tata Owned Companies – Tata Technologies
Tata Technologies Limited is one of the companies owned by Tata which is an Indian multinational technology company, that focuses on product engineering and provides services to original equipment manufacturers (OEMs) in the automotive, aerospace, and industrial machinery sectors. It operates as a subsidiary of Tata Motors.
Headquartered in Pune, Tata Technologies also has regional headquarters in Detroit, Michigan, USA.
Tata AutoComp Systems is a prominent Tier-I supplier in the global automotive industry. Headquartered in Bengaluru, they manufacture components used in the production of automobiles, trucks, and buses, with a strong focus on ensuring the highest quality in everything they produce.
Voltas Limited
Tata Owned Company
Voltas Limited
Founded
1954
Current CEO
Pradeep Bakshi
Website
Voltas.com
Tata Owned Companies – Voltas, a Tata Product
Voltas Limited, an Indian multinational home appliances company based in Mumbai, specializes in designing, developing, manufacturing, and selling a wide range of products, including air conditioners, air coolers, refrigerators, washing machines, dishwashers, microwaves, air purifiers, and water dispensers. The company was established on 6 September 1954 in Mumbai through a collaboration between Tata Sons and Volkart Brothers.
Titan Company Limited
Tata Owned Company
Titan Company Limited
Founded
1984
Current CEO
C K Venkataraman
Website
Titancompany.in
Tata Owned Companies – Titan Company Limited
Titan Company Limited, part of the Tata Group, is a leading Indian brand known for crafting stylish fashion accessories like jewelry, watches, and eyewear originally launched as a joint venture with TIDCO, Titan’s corporate headquarters are located in the vibrant Electronic City, Bangalore, while its registered office is based in Hosur, Tamil Nadu. In 1994, Titan expanded by entering the jewelry market with Tanishq, followed by entering the eyewear industry with the launch of Titan Eyeplus. In 2005, the company introduced Fastrack, a youth-focused fashion accessories brand.
Tata Advanced Systems
Tata Owned Company
Tata Advanced Systems
Founded
2007
Current CEO
Sukaran Singh
Website
Tataadvancedsystems.com
Tata Owned Companies – Tata Advanced Systems
Tata Advanced Systems Limited (TASL) is an Indian company specializing in aerospace manufacturing, military engineering, and defense technology. It is part of the Tata Group and is dedicated to providing innovative solutions and advanced systems for the defense and aerospace sectors. TASL engages in various projects, including the development of unmanned aerial vehicles (UAVs), helicopters, and other cutting-edge technologies to enhance national security and support the Indian Armed Forces.
Tata Asset Management
Tata Owned Company
Tata Asset Management
Founded
1994
Current CEO
Prathit Bhobe
Website
Tata.com/business/tata-asset-management
Tata Owned Companies – Tata Asset Management
Tata Asset Management Private Limited (TAM) is one of the first asset management companies established in India, with a remarkable history of almost thirty years in the investment management sector.
Tata AIG
Tata Owned Company
Tata AIG
Founded
2001
Current CEO
Neelesh Garg
Website
Tataaig.com
Tata Owned Companies – Tata AIG
Tata AIG General Insurance Company Limited is an Indian general insurance provider and a company owned by Tata. It was established as a joint venture between the Tata Group and American International Group (AIG), where Tata Group holds a 51% stake and AIG controls the remaining 49%.
Launched on 22 January 2001, Tata AIG General Insurance caters to both individual and corporate clients. The company offers a comprehensive range of general insurance products, including coverage for automobiles, homes, personal accidents, travel, energy, marine, property, and casualty, along with specialized financial lines.
Tata AIA Life Insurance Company Limited is a dynamic Indian joint venture between Tata Sons and AIA Group, blending Tata’s strong leadership in India with AIA’s status as the largest independent listed pan-Asian life insurance group, operating across 18 markets in the Asia-Pacific region. Tata Group owns a 51% stake in this venture, while AIA Group holds the remaining 49%.
Tata Capital
Tata Owned Company
Tata Capital
Founded
2007
Current CEO
Rajiv Sabharwal
Website
Tatacapital.com
Tata Owned Companies – Tata Capital
Tata Capital Limited is one of the companies owned by Tata and is a prominent financial and investment service provider in India, which is headquartered in Mumbai. With over 700 branches nationwide, the company offers a wide range of services, including consumer loans, wealth management, commercial finance, and infrastructure financing, among others.
Tata Housing
Tata Owned Company
Tata Housing Development Company Limited
Founded
1984
Current CEO
Sanjay Dutt
Website
Tatahousing.com
Tata Owned Companies – Tata Housing
Tata Housing Development Company Limited is a company owned by Tata, and a top real estate developer in India, recognized for its focus on quality and innovation. As a part of the Tata Group, Tata Housing specializes in building residential properties that range from affordable homes to luxury residences. With projects in various cities across the country, the company prioritizes sustainable practices and community development, striving to improve the living experience for all its residents.
Tata Owned Companies – Tata Realty and Infrastructure
Founded in 2007, Tata Realty & Infrastructure Ltd (TRIL), a company owned by Tata, initially focused on commercial real estate. As a fully-owned subsidiary of Tata Sons, TRIL has evolved into the complete real estate division of the Tata Group, expanding its reach into both commercial and residential markets.
Tata Consulting Engineers
Tata Owned Company
Tata Consulting Engineers
Founded
1962
Current CEO
Amit Sharma
Website
Tce.co.in
Tata Owned Companies – Tata Consulting Engineers
Tata Consulting Engineers Limited (TCE) is the largest engineering and project consultancy and is one of the companies owned by Tata in the Indian private sector which is rapidly becoming a global leader in integrated engineering solutions.
Tata Power Company Limited
Tata Owned Company
Tata Power Company Limited
Founded
1911
Current CEO
Praveer Sinha
Website
Tatapower.com
Tata Owned Companies – Tata Power Company Limited
Tata Power Company Limited is a leading Indian electric utility and electricity generation company based in Mumbai and a company owned by Tata. It boasts an impressive installed capacity of 14,707 MW, with 5,847 MW derived from non-conventional (green energy) sources and the rest from thermal power. This makes Tata Power India’s largest integrated power company.
Air India
Tata Owned Company
Air India
Founded
1932
Current CEO
Campbell Wilson
Website
Airindia.com
Tata Owned Companies – Air India
J. R. D. Tata established the airline in 1932 as Tata Airlines. J. R. D. Tata piloted its first flight, a single-engine de Havilland Puss Moth, carrying air mail from Karachi to Juhu Aerodrome in Bombay and Madras (now Chennai).
Tata Owned Companies – Tata SIA Airlines (Vistara)
Tata SIA Airlines Limited, known as Vistara, is a full-service airline in India based in Gurgaon (Gurugram), with its main hub at Indira Gandhi International Airport. A joint venture between Tata Sons and Singapore Airlines, Vistara started flying on 9 January 2015, launching its first flight between Delhi and Mumbai.
Indian Hotels Company Limited (IHCL)
Tata Owned Company
Indian Hotels Company Limited
Founded
1902
Current CEO
Puneet Chhatwal
Website
Ihcltata.com
Tata Owned Companies – Indian Hotels Company Limited
Indian Hotels Company Limited (IHCL) is a leading hospitality company in India, managing a diverse portfolio of hotels, resorts, and palaces both domestically and internationally. The company owned by Tata, was established in 1902 by J.R.D. Tata, IHCL is part of the Tata Group and is best known for its flagship brand, Taj Hotels.
Jaguar Land Rover
Tata Owned Company
Jaguar Land Rover
Founded
1922
Current CEO
Adrian Mardell
Website
Jaguarlandrover.com
Tata Owned Companies – Jaguar Land Rover
Jaguar Land Rover Automotive PLC is the parent company of Jaguar Land Rover Limited, often known as JLR. This British multinational car manufacturer focuses on luxury cars and SUVs.
Since 2008, Jaguar Land Rover has been a wholly-owned subsidiary of Tata Motors, with Tata Sons as the primary shareholder.
Tata Motors Limited
Tata Owned Company
Tata Motors Limited
Founded
1945
Current CEO
Mr. Marc Llistosella
Website
Tatamotors.com
Tata Owned Companies – Tata Motors
Tata Motors was established in 1945 as a locomotive manufacturer and is one of the companies under Tata. The Tata Group ventured into the commercial vehicle sector in 1954 by forming a joint venture with Germany’s Mercedes-Benz, leading to the development of a manufacturing facility in Jamshedpur for Daimler lorries.
Tata Elxsi Limited is a design and technology services company that is part of the Tata Group, one of India’s largest and oldest conglomerates. Founded in 1989, Tata Elxsi provides a range of services, including – Product Engineering, Design Services, Embedded Systems, Digital Services, Media and Broadcast.
Tata Investment Corporation Limited is a compound investment entity, which is one of the companies under Tata, that invests in equity shares of both listed and unlisted companies, as well as in debt instruments and mutual funds across various industries. The company acquires a diverse portfolio of quoted and unquoted shares, generating revenue through dividends, interest, and profits from long-term investments. Additionally, it invests in equity units of mutual funds, bonds, and venture capital.
Infiniti Retail (Croma)
Tata Owned Company
Infiniti Retail (Croma)
Founded
2006
Current CEO
Avijit Mitra
Website
tata.com/business/infiniti, croma.com
Tata Brand List – Infiniti Retail (Croma)
Croma Retail is a prominent online retail platform in India and is one of the companies owned by Tata. Launched in 2006, Croma was the first large-format specialty store in the country, providing a wide array of multi-brand digital devices and home electronics. Since its inception, Croma has become a go-to destination for customers seeking high-quality electronic products.
Conclusion
While living in India, the products and services from the Tata Group of company somehow or the other are a daily part of our lives. With the passing of Ratan Tata, the Tata Group lost one of its most visionary leaders, whose influence shaped the conglomerate into a global powerhouse. Under his leadership, Tata Companies expanded into international markets. His legacy will continue to inspire the group as it navigates the future, staying true to the values he upheld throughout his tenure. The Tata Group has been serving the world especially the people of India for more than 150 years and has pledged to do the same in the future as well.
FAQS
Who is the CEO of Tata Group?
Natarajan Chandrasekaran is the current CEO of Tata Group.
When did Tata Group start?
The Tata Group was founded in 1868 by Jamsetji Tata.
What is Ratan Tata company list?
Ratan Tata Group company list is as follows:
Tata Play
Tata Teleservices
Tata Digital
Tata Technologies
Tata Asset Management
Tata AIG
Tata AIA Life
Tata Capital
Tata Housing
Tata Realty & Infrastructure
Tata Consulting Engineers
Air India
Tata SIA Airlines (Vistara)
Tata Consultancy Services
Tata Steel Limited
Jaguar Land Rover
Infiniti Retail (Croma)
Tata Motors Limited
Titan Company Limited
Tata Chemicals Limited
Tata Power Company Limited,
Indian Hotels Company Limited
Tata Communication Limited
Voltas Limited
Trent Limited
Tata Investment Corporation
Tata Advanced Systems
Tata Elxsi Limited
Tata Coffee Limited
Tata AutoComp System
What does Tata own?
Tata Group owns 30 companies.
What are the names of Ratan Tata owned companies?
The companies owned by Ratan Tata are 30 companies in total which include Tata AutoComp System, Tata Coffee Limited, Tata Elxsi Limited, Tata Advanced Systems, Voltas Limited, Tata Communication Limited, Jaguar Land Rover, Air India, Tata AIG, Tata Chemicals Limited, others.
When was Ratan Tata organizations founded?
One of the organizations of Ratan Tata which is Ratan Tata Housing Development Company was founded in 1984.
What is the net worth of Tata Group?
There are 26 publicly listed Tata enterprises with a combined market capitalisation of more than $365 billion as on March 31, 2024.
When did Ratan Tata die?
Ratan Tata died on 9th October, 2024.
Who is the new chairman of Tata Trusts?
Noel Tata has been appointed as the new chairman of Tata Trusts, after the death of Ratan Tata.
Durables also referred to as durable products or consumer durables, are items that do not have to be replaced frequently and generally endure for three years or more. Consumer durable goods stay long enough to purchase on a regular basis. Furnishings, automobiles, books, metal, and other consumer durable products are examples. In India, there are a number of consumer durables companies that make and supply such items. In the coming year, the sector’s market will be worth around $3 trillion. So, here’s a look at the top durable companies in India.
White Goods: Air conditioners, dishwashers, clothes dryers, drying cabinets, freezers, refrigerators, kitchen stoves, water heaters, washing machines, microwave ovens, and induction cookers are examples of white goods.
Brown Goods: Microwave ovens, grinders, chimneys, electric fans, iron, mixers, and other similar cooking gadgets are examples of these types of commodities.
Consumer Electronics: VCD players, DVD players, MP3 players, mobile phones, telephones, and other similar items fall within consumer electronics products.
In India, a number of consumer durables companies make and distribute such items. In the year 2020, the industry’s market was worth around $3 trillion. Apart from that, India is a fast developing country in the sector of technology.
Top 9 Consumer Durable Companies in India
1. Bajaj Electricals
Bajaj Electricals Logo
Counted among one of the top consumer durable companies in India, Bajaj Electrical is a well-known brand. The Bajaj Group, situated in Mumbai, Maharashtra, was founded in 1926 and is the parent business of Bajaj Electricals. Kitchenware, ceiling fans, table fans, pedestal fans, exhaust fans, light bulbs, lanterns, and battery torches are just a few of the consumer products produced by Bajaj Electricals.
Bajaj Electricals’ market capitalization as of August 2, 2021, is 13, 185.69 crores. Their products are all produced with cutting-edge technology. It has over 20 branch offices throughout the country. Bajaj sells its products in more than 5 nations, including the United Arab Emirates and the United Kingdom.
2. Prestige
Prestige Logo
It is an Indian firm that produces Prestige brand kitchen gadgets and cookware. Pressure and induction cookers, mixer grinders, glass top, and electric cookers are some of their best-selling items. The TTK Prestige consumer durables division is part of the TTK Group, a commercial conglomerate that was created in 1928. TTK Prestige is well-known and respected.
Prestige is one of the top consumer durable companies in India. It has a market capitalization of 12,060 crores as of August 2, 2021. All of their items fall under the category of kitchen appliances, and roughly 60% of regular and repeat clients trust them. For its efforts in the field, the corporation was also awarded the power brand award.
3. Philips India
Philips Logo
Philips India Ltd., headquartered in Amsterdam, is a Dutch multinational conglomerate. They are one of the world’s leading consumer durables corporations. Radios, shavers, and lights, among other things, are well-known and frequently purchased. Clinical intelligence, imaging systems such as CT and MRI, diagnostic monitoring, and defibrillators are among their healthcare offerings.
Philips has taken a number of steps to improve environmental circumstances. Their inventions and new procedures have gained them notoriety, and they are now one of India’s leading consumer durables enterprises.
4. Blue Star
Blue Star Logo
Blue Star Limited is a well-known refrigerator manufacturer. In India, the firm is also the major manufacturer of air conditioning equipment. It also provides other services such as electrical drilling and plumbing. High-quality air coolers and purifiers have come from their firms’ cutting-edge technologies.
With a network of 32 offices around the country, the annual income is around INR 5405 Cr. There is approximately 2800 employees total, with 3880 channel officers. They have a steady stream of corporate and commercial clientele.
The business segment and the after-sales segment are both included in their electromechanical project. Apart from that, their electronic and unitary products are among the best in the industry, making them India’s leading consumer durables company.
5. Whirlpool
Whirlpool Logo
Whirlpool corporation only entered India in the late 1980s through a partnership with the TVS group. They began producing and marketing washing machines in the union territory of Pondicherry, and now have facilities in Pune, Pondicherry, and Faridabad.
With a variety of items such as air conditioners, washing machines, refrigerators, and imaging equipment, their mission is to make happier households in the country. To assure customer pleasure, they have world-class dealers and retailers. With their state-of-the-art technology, they have reached new heights with their brand philosophy of serving clients from all over the world.
6. Voltas
Voltas Logo
Voltas is one of the top durable companies in India that is a division of the well-known Tata group. The company is professional in establishing market leadership through creative solutions. It’s a multibillion-dollar home appliance conglomerate known for its high-quality air conditioners and cooling systems. Their project businesses are divided into two sections. The domestic segment is one, and the foreign segment is the other.
To secure profitability, they deliver cutting-edge quality items. Air conditioners, air and water purifiers, water dispensers and cleansers, and other goods are among their most popular. A number of prestigious organisations had praised their work, and they had received numerous prizes.
7. Hitachi
Hitachi Logo
Hitachi is a Japanese multinational corporation that ranks 129th among Fortune 500 firms worldwide. The induction motor was the company’s first product. They produce and distribute a wide range of items, including automotive systems, construction machinery, defence systems, digital media products, and more.
Many hospitals throughout the world have purchased equipment from their electronic division, including particle treatment and cell therapy technology. Wires and cables are also bought and traded across borders. Hitachi is one of India’s leading consumer durable enterprises, providing social and infrastructural system facilities such as elevators and escalators.
8. Orient Electric
Orient Electric Logo
In 2011, the company entered the consumer durables industry and has performed admirably since then. The company is well-known for its cutting-edge, market-leading products. Emergency LED lamps, inverter fans, and UV sanitary machines are just a few of them. It has won the prize for best corporate super-brand. Their main goal and ambition is to make items more accessible to people all over the world by ensuring profitable products.
9. Godrej and Boyce
Godrej Logo
With over 616 million active consumers in the country, Godrej has succeeded in performance since its inception. It has also aided in the expansion of India’s economy and the development of its stakeholders. It is the first Indian firm to receive a nomination for the global cooling price.
According to projections issued in 2019-2020, their entire revenue is over INR 11,500 Cr. Lighting and security solutions are among their most trusted categories. With its foreign subsidiaries and affairs, the company has established global footprints on about five continents.
The company’s current ROE value is 20.5 percent, and thousands of people are actively contributing to its growth. Many people have put their faith in the country’s satellite launches and other aviation endeavours which makes it one of the best consumer durables companies in India.
The demand for a wide range of consumer durable products is steadily increasing in India, thanks to rising disposable income and technological advancements. As the price gap between the identical consumer goods produced by different companies narrows, this results in fierce competition among different consumer durable brands. These items are becoming less expensive by the day.
From US$ 6.3 billion in the 2010-11 fiscal year to US$ 12.5 billion in the 2015-16 fiscal year, the consumer durables market is predicted to grow at a 14.8 percent CAGR to US$ 12.5 billion in the 2015-16 fiscal year. According to the most recent data, it is predicted to grow by 9% by 2022, reaching US$ 48.37 billion.
FAQs
What is a consumer durable company?
Consumer durable companies are companies that manufacture consumer durable goods that are bought in the long run. Goods like refrigerators, dishwashers, washing machines, fans, etc.
What are the top consumer durable companies in India?
Some of the best Consumer Durable companies in India are:
Bajaj Electricals Ltd.
Prestige
Philips India Ltd.
Blue Star Ltd.
Whirlpool Corporation Ltd.
Voltas Ltd.
Hitachi Global
Orient Electrical
Godrej
What is an example of a consumer durable good?
Refrigerators, automobiles, furniture, household appliances, washing machines, and mobile homes are some examples of consumer durable goods.