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NSE
206.00
Change Change %
-0.90 -0.43%

Updated:14 Jun, 2019, 15:59 PM IST

BSE
205.95
Change Change %
-0.90 -0.44%

Updated:14 Jun, 2019, 16:01 PM IST

The company was incorporated in January 1947 as Associated Battery Makers to purchase all or any of the assets of the business of manufacturers, buyers and sellers of and dealers in and repairers of electrical and chemical appliances and goods carried on by the Chloride Electric Storage Company.

The name of the company was changed to Chloride India in 1972 which later got changed to Chloride Industries in 1988. Finally in 1995 the name was changed to Exide Industries.

The company manufactures the widest range of storage batteries in the world from 2.5 Ah to 20,400 Ah capacity, covering the broadest spectrum of applications. The company has six factories strategically located across the country – two in Maharashtra, one in West Bengal, two in Tamil Nadu and one in Haryana. Constant innovations have helped the company to produce the world’s largest range of industrial batteries extending from 2.5 Ah to 15000 Ah and covering various technology configurations.

Business

Automotive Batteries In India the company markets the products under Exide, SF, Sonic and Standard Furukawa brands and supplies to all car and two–wheeler manufacturers. In international market it sells products under Dynex, Index & Sonic brands. It has a distribution network of 4000 outlets, supported by 4 regional offices and 28 branch offices. It also exports batteries to the Middle East, Japan and CIS countries.

Industrial Batteries It manufactures industrial batteries in a wide range from 2.5 Ah to 20,600 Ah. In India it sells products under Exide, Index, SF, CEIL and Power Safe brands and in international market under CEIL, Chloride and Index brands. Industrial batteries cater mostly to the infrastructure sector such as railways, telecom, power plants, solar cells and other industrial segments including uninterrupted power supply, inverters and traction batteries.

Submarine Batteries The Company is also engaged in manufacturing of high–end submarine batteries (Type 1, 2 & 3). It is one of the five companies in the world which has capacity to manufacture submarine batteries for Russian and German types. It manufactures two to three submarine batteries a year for India’s defence requirement.

Acquisitions

With an intention to expand its global presence company it acquired 51% stake in Leadage Alloys India in June 2008

It acquired 100% stake in Tandon Metals in October 2007 and 100% stake in Caldyne Automatics in July 2007.

It acquired 61.5% stake in Associated Battery Manufacturers (Ceylon), Sri Lanka by 2004.

It acquired 100% stake in Chloride Batteries S E Asia Pte, Singapore in 2001

It has also successfully acquired 51% stake in UK–based ESPEX Batteries and a 26% shareholding in Ceil Motive Power Pty, Australia.

In 2012– 2012
–Acquisition of Inverter manufacturing facility at Roorkee, Uttarakhand.
–Technical Collaboration with East Penn Manufacturing Co., USA.

Awards

Its plant at Haldia, received Environment Excellence Award– by West Bengal Pollution Control Board & Indian Chamber of Commerce – 2005

Exide's Haldia plant also was awarded ITC Trophy for Safety, Health & Environment – by CII – 2007

Exide Industries plant at Hosur in Tamil Nadu received CII–EXIM Bank Award for Strong Commitment to Excel by CII in 2006

Exide Industries was awarded with Best SMF Battery Award for three consecutive years –2005–2006–2007

Exide Industries was honored with the 2010 Market Leadership Award in the Indian Industrial Battery Segment by Frost & Sullivan, the global consultancy major.

Exide Industries Limited awarded the Frost & Sullivan 2010 Market Leadership Award in the Industrial Battery Segment– 2010

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