Neha Sethi’s Post

In the heart of India's bustling industry, small manufacturing businesses are the unsung heroes propelling the nation's economic engine. As crucial links in the supply chain of leading companies, their vitality hinges on a collaborative growth approach. Successful clusters like Ludhiana's bicycle parts ecosystem and Pune's automotive hub exemplify the potential when large firms invest in nurturing the capabilities of smaller partners. 🚀 The journey toward such symbiotic success begins with addressing the critical 'Missing Middle' in the MSME sector. To scale new heights, the integration of global OEMs can open doors to advanced technologies and amplify India's manufacturing prowess on the world stage. Join us at GAME as we work towards a future where every MSME can envision a trailblazing trajectory. Together, we can bridge the 'Missing Middle' and elevate India's economic narrative. Ravi Venkatesan | Madan Padaki | Mekin Maheshwari | Ketul Acharya | IKEA Foundation #MSMEPower #ManufacturingMomentum #CollaborativeGrowth #SupplyChainSuccess #GlobalIntegration #InnovateIndia #MissingMiddle #EconomicEmpowerment #SmallBizBigImpact #ManufacturingExcellence #IndustrialInnovation #EmpowerMSMEs #BusinessSynergy #EntrepreneurshipEcosystem #MakeInIndia #PartnerForProgress #EconomicRevolution #FutureReadyBusiness #GAMEIndia

Meet the man who started with 10,000 Rs and built a 70,000 crore Empire. In 1958, a school teacher came from Punjab with Rs 10,000. He wanted to set up an electrical trading shop in Delhi's wholesale market, Bhagirath Palace. In 1958, Qimat Rai Gupta began GuptaJi & Company. The idea was simple ⏩ Trade Fixtures and Electric Cables. Slow but steady, Qimat survived the decade trading cables, wires and switchgear for different brands. But his big break came in 1971. Qimat was distributing for a brand called "Havells", named after Haveli Ram Gandhi. Despite a good brand name, Haveli could not sell the product. Qimat realised the gap in the solution. So, he bought the brand name for just Rs 7 Lakh. In 1971, GuptaJi & Co became Havells. Qimat knew that Havells failed earlier because they sold directly to retailers. The model choked up margins and reduced quality. Qimat knew that this was solvable only by bringing manufacturing in-house. In 1976, Havells opened first switch factory in Delhi's Kirti Nagar.. Soon, Qimat realised he needed a separate factory for each appliance to maintain quality. He opened one for HBC fuses in 1979 and another for energy meters in 1980. He was relaxing until the Chinese products entered the market. The Chinese lacked quality but were so cheap that you could not beat them in price. So, it was about time customers would buy quality. When every factory in India was shutting down, Qimat acquired the loss-making "Towers and Transformers" in 1983 to enhance production. With the first mover advantage, Qimat transformed "Towers and Transformers" in just one year. In 1992, Havells became a 25 CR company. In the same year, it opened four innovation hubs and traded on the Stock exchange. Havells became a Public entity.Between 1997 and 2001, Havells bought ECS, Duke Arnics Electronics, Standard Electricals and Crabtree India for manufacturing. It became a 1000 CR company and shifted to 130,000 sq ft office in Noida. Everything was going great until the big foreign players came knocking .GE, Philips, Crompton Greaves and Osram decided to tame Havells. Qimat had to acquire a big player to tackle them. In 2007, Havells acquired the 4th largest player Sylvania for 2000 CR (a company 1.5x their size). It was the biggest acquisition deal ever in the space. Havells grew to a size of 7000 CR . It launched products in the domestic segment like ACs, Fridges, etc. To promote them, Qimat also quadrupled the marketing budget to 60 CR. The famous "Shock Laga" ads were born. By 2019, Havells had become a 10,000 CR company. 📉 Today - Havells is a 70,000 CR company with over 1200 CR in net profits. With over 20,000 distributors, 6500+ employees and 16 factories globally, it is at a 14% market share across India. BEST PART ➡️ Havells supplies mid-day meals to 50,000 school - children daily and supports the education of 700 schools across Rajasthan Photo & Content: https://qr.ae/pKDHyP

Meet the man who started with 10,000 Rs and built a 70,000 CR Empire. In 1958, a school teacher came from Punjab with Rs 10,000. He wanted to set up an electrical trading shop in Delhi's wholesale market, Bhagirath Palace. In 1958, Qimat Rai Gupta began GuptaJi & Company. The idea was simple ⏩ Trade Fixtures and Electric Cables. Slow but steady, Qimat survived the decade trading cables, wires and switchgear for different brands. But his big break came in 1971 Qimat was distributing for a brand called "Havells", named after Haveli Ram Gandhi. Despite a good brand name, Haveli could not sell the product. Qimat realised the gap in the solution. So, he bought the brand name for just Rs 7 Lakh. In 1971, GuptaJi & Co became Havells. Qimat knew that Havells failed earlier because they sold directly to retailers. The model choked up margins and reduced quality. Qimat knew that this was solvable only by bringing manufacturing in-house. In 1976, Havells opened first switch factory in Delhi's Kirti Nagar. Soon, Qimat realised he needed a separate factory for each appliance to maintain quality. He opened one for HBC fuses in 1979 and another for energy meters in 1980. He was relaxing until the Chinese products entered the market. The Chinese lacked quality but were so cheap that you could not beat them in price. So, it was about time customers would buy quality. When every factory in India was shutting down, Qimat acquired the loss-making "Towers and Transformers" in 1983 to enhance production. With the first mover advantage, Qimat transformed "Towers and Transformers" in just one year. In 1992, Havells became a 25 CR company. In the same year, it opened four innovation hubs and traded on the Stock exchange. Havells became a Public entity. Between 1997 and 2001, Havells bought ECS, Duke Arnics Electronics, Standard Electricals and Crabtree India for manufacturing. It became a 1000 CR company and shifted to 130,000 sq ft office in Noida. Everything was going great until the big foreign players came knocking GE, Philips, Crompton Greaves and Osram decided to tame Havells. Qimat had to acquire a big player to tackle them. In 2007, Havells acquired the 4th largest player Sylvania for 2000 CR (a company 1.5x their size). It was the biggest acquisition deal ever in the space Havells grew to a size of 7000 CR . It launched products in the domestic segment like ACs, Fridges, etc. To promote them, Qimat also quadrupled the marketing budget to 60 CR. The famous "Shock Laga" ads were born. By 2019, Havells had become a 10,000 CR company Today - Havells is a 70,000 CR company with over 1200 CR in net profits. With over 20,000 distributors, 6500+ employees and 16 factories globally, it is at a 14% market share across India.

"Reliance Industries Ltd (RIL) is poised to challenge the entrenched reign of multinational giants in India's consumer electronics and home appliances sector with its latest offering: Wyzr, a proudly Made-in-India brand. As per informed executives, the company is currently in the final stages of negotiating production agreements with esteemed domestic contract manufacturers Dixon Technologies and Mirc Electronics, the parent company of Onida. It's an ambitious move, with RIL eyeing the establishment of its own manufacturing plants in the foreseeable future, once Wyzr secures its foothold in the market. A bold step towards reshaping the landscape of India's tech industry." . . . #RelianceInnovation #WyzrRevolution #MadeInIndiaElectronics #TechDisruption #ConsumerElectronicsTrends #HomeAppliancesMarket #IndianManufacturing #RILNews #DomesticTechDominance #IndianTechPioneers

Anamind’s CEO Rishi Trivedi was present at the recently concluded ACMA Automechanika New Delhi and Bharat Mobility global expo in New Delhi that showcased the might of Indian auto and auto comp industry along with representation from over 12 countries. #makeinindia India was certainly the strong underlying theme in the event. According to Economic Intelligence Unit report, passenger car sales expected to rise by 3%, with sales of commercial vehicles and buses (CVs) up by 1% while EVs will remain the most buoyant part of the market, with sales rising by 21%. On back of this the auto aftermarket segment is expected to touch $16bn in the coming years. What does this translate to as challenges ahead for supply chains? A clarion call to be agile, visible across touch points and a heavy reliance on data governance. Artificial intelligence is going to be a key driver in driving resiliency in supply chains. McKinsey research has found that AI-powered systems reduce supply chain errors by 20% to 50%, which helps to reduce lost product orders by up to 65%. Anamind is proudly working with companies in this effort across the auto and after-market segments and with both startups and the large established players to help them with state-of-the-art supply chain planning to manage and make most of this growth prospect Time to let go legacy systems and embrace transparent and data driven solutions. With Anamind’s AI powered supply chain planning solutions that help you increase sales as well as profitability. Anamind PAAS SCM Anamind PAAS Finance #Demandplanning #demandforecasting #supplychainresilience #supplychainsolutions #planning #forecasting #inventorymanagement #financialplanning #sales #profitability #Anamind #auto #aftermarket #autocomponents #mobility

Qimat Rai Gupta, born in a lower-middle-class family, started his career as a school teacher in Punjab. But the "chaar deewari" of the school could never hold down the man's vision, with him consistently exploring new opportunities. While visiting Delhi on a holiday, Qimat had an opportunity to manage his uncle's electric shop in Bhagirath Palace. Impressed by his enthusiasm, his uncle made him an equal partner in the business. With ₹10k, he founded Guptajee and Company, specializing in fixtures and electric cables. In 1971, Qimat bought the name/brand Havells from a Delhi businessman, Haveli Ram Gandhi, for ₹7 lakhs. From then on, there was no looking back. Qimat added different range of products, from cables to lights to appliances. Qimat Rai Gupta, a teacher and a shopkeeper, made Havells one of the top five lighting brands in the world, with a market cap of over $10 Billion. The story embodies the man, his obsession, and his determination to push through. Qimat Rai Gupta passed away on 7 November 2014, and his last words were, "The office must open tomorrow", a request followed by his son and all of his team. Businessmen like him are born once in a generation. They're the ones that build something so strong, that it leaves an impact on the whole country. Who else do you think has had such an impact on the country, and its people? #inspiration #businessstories #businessgrowth

Kilews Dealers in India: Powering the Nation's Industrial Growth When it comes to driving industrial growth in India, the importance of reliable, high-quality tools cannot be overstated. One name that stands out in this regard is Kilews. Known for their precision, durability, and innovation, Kilews tools have made a significant impact on various sectors across the country. But who are the key players behind this success? Let's dive into the world of Kilews dealers in India and explore how they are powering the nation's industrial growth. Visit Us On : https://lnkd.in/dnCGzXc2 #kilewsdealersinindia #assemblytoolsinindia #kilewstoolsinindia #Kilewstransducerizedscrewdriver

Anticipation for a robust January-March quarter demand for fans and air-conditioners has been a key driver behind Havells’ stellar performance. As a leading FMEG and consumer durable company operating in 60 countries, Havells continues to set benchmarks with its diverse product range, including renowned brands like Havells, Lloyd, Crabtree, Standard, and Reo. Mark your calendars! 🗓️ The board of directors of Havells India will convene on April 30, 2024, to discuss and approve the financial results for the quarter and financial year ended March 31, 2024. The evolving consumer preferences towards home aesthetics and advanced technology have fueled a surge in demand for designer air conditioners. This trend reflects not only a desire for superior cooling performance but also a penchant for exquisite design elements to enhance living spaces. With an uptick in infrastructure development across residential, commercial, and industrial sectors, the demand for electrical goods has witnessed exponential growth. Analysts project a promising long-term outlook for the industry, buoyed by factors such as rising disposable incomes, improved standard of living, and government initiatives in rural electrification. Despite short-term fluctuations, analysts at Geojit Financial Services affirm a robust earnings outlook for Havells India, driven by seasonal factors and a favorable product mix. The company’s strategic investments position it for sustained growth and innovation in the dynamic FMEG sector. #HavellsIndia #MarketMilestone #InnovationLeadership #havells #trendingnews #stockmarket #updates #shares

Strategic Sourcing Where Cost-Effectiveness Meets Affordable Solutions #ExperienceTheExcellence @Plastfocus-2024 | Delhi, India Stand No.H1F07 #Plastfocus2024 #RajooEngineers #ExperienceTheExcellence #RajooEngineers #Rajkot #PlasticMachinery #Machines #PlasticIndustry

In FY2022-23, the Indian toy #industry showed remarkable progress, with a 52% drop in imports and a 239% surge in exports compared to FY2014-15, as reported by the Ministry of Commerce and Industry. The success story of "Made in India Toys" was highlighted in a case study conducted by IIM Lucknow for DPIIT Indian Institute of Management, Lucknow MyGovIndia ™ MakeinIndia.2023