Exide Industries Limited
343.75
INR
-14.40
(-4.02%)
ISIN
INE302A01020
Return %
Stock
S&P 500
1Y
-13.95
14.20
3Y
33.26
81.12
5Y
92.25
68.34
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Company Description
- CEO
- Avik Kumar Roy
- Full Time Employees
- 20,383
- Sector
- Producer manufacturing
- Industry
- Auto parts: OEM
- Address
- Exide House Kolkata WB India 700020
- IPO Date
- Jan 2, 1995
- Website
- exideindustries.com
- Similar Companies
- Business
- Exide Industries Limited specializes in the development, production, commercialization, and distribution of lead-acid storage batteries and related power solutions, serving both Indian and international markets. The company operates across automotive and industrial sectors, offering a broad spectrum of energy storage products. Its extensive product line includes batteries for cars, two-wheelers, three-wheelers, e-rickshaws, and various industrial applications such as power, solar, railway, telecom, UPS, projects, traction, mining, and defense. Exide also provides home UPS systems and a comprehensive suite of solutions encompassing equipment selection, battery sizing, optimal layout, installation, operation, and maintenance. Demonstrating a forward-looking strategy, Exide is making significant strides in the advanced chemistry battery segment through its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL). This initiative involves substantial investment in manufacturing lithium-ion cells, modules, and packs, primarily targeting India's burgeoning electric vehicle (EV) market across two-wheelers, three-wheelers, passenger vehicles, and commercial fleets, alongside stationary energy storage applications. The company is establishing a large-scale lithium-ion cell manufacturing facility in Bengaluru, Karnataka, with phase one expected to be completed by the end of fiscal year 2025. Initial production will focus on NCM-based cylindrical cells for two-wheelers, with plans to introduce prismatic LFP lines for stationary uses. Exide maintains a robust operational footprint, boasting numerous manufacturing plants across India dedicated to batteries and home UPS systems. Its business model also incorporates substantial lead recycling facilities through Chloride Metals Limited, underscoring a commitment to sustainable practices and raw material security. The company's reach extends globally, exporting batteries to over 60 countries, supported by a vast distribution network of approximately 48,000 direct and indirect dealers. Recent strategic collaborations include a memorandum of understanding with Hyundai Motor Company and Kia Corporation for EV battery localization in India, and technical cooperation with SVOLT Energy Solutions Company Ltd for lithium-ion cell manufacturing and supply chain development. The company's diverse brands, including EXIDE, INDEX, DYNEX, SF SONIC, CHLORIDE, CEIL, and DAGENITE, cater to a wide range of automotive and industrial clientele. Exide Industries Limited, initially incorporated in 1947 as Associated Battery Makers (Eastern) Limited and later rebranded in August 1995, continues to be headquartered in Kolkata, India. It remains a key player in India's energy storage landscape, recognized for its commitment to innovation and sustainability, including being honored as 'India's Best Battery Manufacturer' in 2024.