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Company Profile
The Company was incorporated as Associated Battery Makers (Eastern)
Ltd., on 31st January, 1947 under the Companies Act, 1913 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 (India) Ltd, in India , since 1916 with a view thereto
to enter into and carry into effect (either with or without modification)
an agreement which had already been prepared and was expressed to
be made between the Chloride Electric Storage Co (India) Ltd on theone part and the Company of the other part. The name of the
Company was changed to Chloride India Ltd on 2nd August, 1972. The
name of the Company was again changed to Chloride Industries Ltd.
vide fresh Certificate of Incorporation dated 12th October, 1988. The
name of the Company was further changed to Exide Industries Ltd. on
25th August, 1995.
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. The Companys
predecessor carried on their operations as import house from 1916
under the name Chloride Electrical Storage Company. Thereafter, the
Company started manufacturing storage batteries in the country and
have grown to become one of the largest manufacturer and exporter of
batteries in the sub-continent today. Exide separated from its UK-
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based parent, Chloride Group Plc., in 1989, after the latter divested its
ownership in favour of a group of Indian shareholders. The Company
has grown steadily, modernized its manufacturing processes and taken
initiatives on the service front. Constant innovations have helped the
Company to produce the worlds largest range of industrial batteries
extending from 2.5 Ah to 15000 Ah and covering various technology
configurations.
Exide Story
Although Alessandro Volta successfully generated electrical current
from chemical reactions between dissimilar metals as early as 1800
AD, it was not till 1860 that Raymond Gaston Plante invented the lead
acid battery. Unfortunately, initial capacity was extremely limited as
the positive plate had little active material. It took another 20 years
before a
Practical battery was developed using a paste of lead oxide as active
material.
However, it did not take long for the next step. It was in the
1880s itself that Mather & Platt, a Manchester based
engineering firm, began manufacture of storage batteries. The
batteries -or accumulators as they were then called - followed
a design in which lead Chloride was the active material.
Accordingly, the new company was christened Chloride
Electrical Storage Syndicate.
In the automotive industry, the most important application stemmed
from a common problem: motorists' broken arms! While cranking the
engine, the crank often swung back violently, injuring the driver's arm.
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Efforts to eliminate this,led to the development of battery-started
vehicles.
One of the critical ingredients in making the plates of such a
battery was oxide. Having perfected the technology, Chloride
coined a brand name "Exide", a derivative acronym from the
term Excellent Oxide.
Milestones1916 Chloride Electric Storage Co. (CESCO) UK sets up trading
operations in India as an import house.1946 First factory set up in Shamnagar, West Bengal.1947 Incorporated as Associated Battery Makers (Eastern) Limited on 31
January 1947 under the Companies Act.
1947 Incorporated Chloride International Limited (previously Exide
Products Limited)1969 Second factory at Chinchwad, Pune1972 The name of the Company was changed to Chloride India Limited1976 R&D Centre established at Kolkata1981 Third factory at Haldia, West Bengal1988 The name of the Company was changed to Chloride Industries
Limited
1994 Technical collaboration with Shin Kobe Electric Machinery Co. Ltd.
of Japan, a subsidiary of the Hitachi Group.
1995 Chloride Industries Limited renamed Exide Industries Limited1997 Fourth factory at Hosur, Tamil Nadu1998 Acquisition of industrial/ manufacturing units of Standard Batteries
Ltd located at Taloja & Kanjurmarg (Maharashtra), Guindy
(Tamilnadu) and plant at Ahmednagar (Maharashtra) from Cosepa
Fiscal Industries Limited as a going concern.
1999 Acquired 51% Shareholding in Caldyne Automatics Ltd
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2000 Acquisition of 100% stake in Chloride Batteries S E Asia Pte Ltd.,
Singapore and 49% stake in Associated Battery Manufacturers
(Ceylon) Limited, Sri Lanka.2003 Commissioned plant at Bawal, Haryana
2003 New joint venture in UK, ESPEX, with 51% holding.2004 Associated Battery Manufacturers (Ceylon) Limited, Sri Lanka
became a subsidiary consequent to acquiring further 12.50%
Equity holding.
2005 Investment in 50% shareholding of ING Vysya Life Insurance
Company Limited
2007 Caldyne Automatics Ltd becomes 100% subsidiary consequent to
acquiring the balance 49% shareholding.
2007 Investment with 26% shareholding.in CEIL Motive Power Pty Ltd. A
Joint Venture in Australia.2007 Acquired 100% stake in Tandon Metals Ltd.2008 Acquired 51% stake in Lead Age Alloys India Ltd
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Board of Directors
R.G. Kapadia, Chairman & Non Executive Director
R.B. Raheja, Vice Chairman & Non-Executive Director
T.V. Ramanathan, Managing Director & Chief
Executive Officer
G. Chatterjee, Director Industrial
P.K. Kataky, Director Automotive
A.K. Mukherjee, Director Finance & Chief Financial
Officer
Vijay Aggarwal, Non Executive Director
H. M. Kothari, Non Executive Director
Bhaskar Mitter, Non Executive Director
S.N. Mookherjee, Non Executive Director
S.B. Raheja Non Executive Director
D.S. Parekh (Alternate to S.B. Raheja) Non Executive
Director
W. Wong, Non Executive Director
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Mona N. Desai, Non Executive Director
Our Vision & Core Values
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Corporate Governance
Governance Philosophy
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Exide views Corporate Governance as a systemic process by which
Companies are directed and controlled to maximise their capacity to
generate wealth. As large corporates use vast quantum of societal
resources, Exide believes that the governance process should ensure
that these Companies are managed in a manner that meets both
stakeholders aspirations and societal expectations.
Exides Corporate Governance initiative is based on two core
principles:
i. Management must have the executive freedom to drive the
organisation forward without undue restraints; and
ii. This freedom of management, however, should be exercised withina framework of effective accountability and transparency.
Exide believes that any meaningful policy on Corporate Governance
must provide empowerment to the executive management of the
Company, and simultaneously create a mechanism of checks and
balances which ensures that the decision making powers vested in the
executive management are used with care and responsibility and not
misused.
Exides governance philosophy embraces the tenets of trusteeship,
transparency, empowerment and accountability, control and ethical
corporate citizenship. Exide believes that the practice of each of these
tenets would lead to the creation of the right corporate culture in
which the Company is managed in a manner that fulfils the purpose of
Corporate Governance.
Trusteeship recognises that large corporations have both an economic
and a social purpose, thereby casting the responsibility on the Board of
Directors to protect and enhance shareholder value, as well as fulfill
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obligations to other stakeholders.
Transparency requires that the Company makes appropriate
disclosures where necessary and explains the basis of its policies and
actions to all those who are affected by them. Empowerment is a
process used to unleash creativity and innovation throughout the
organisation by decentralising and delegating the decision making
powers at the most appropriate levels.
Control ensures that freedom of management is exercised within a
framework of checks and balances and is designed to prevent misuse
of power, facilitate timely response to change and ensure effective
management of risks.
Exides Corporate Governance processes continuously reinforce and
help actualise the Companys belief in ethical corporate citizenship and
is manifest through exemplary standards of ethical behaviour, both
within the organisation as well as in external relationships.
Governance Structure
The practice of Corporate Governance in Exide is at three
interlinked levels:
i. Strategic supervision - by the Board of Directors
ii. Strategic management - by the Executive Committee
iii. Executive management - by the Divisional Head of the
business.
This three-tier structure ensures that strategic supervision on behalf of
the shareholders being free from the task of strategic management,
can be conducted by the Board with objectivity thereby sharpening
accountability of the management. Further, strategic management
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being free from the task of day-to-day executive management,
remains focussed and energised. The structure also ensures that
executive management of the divisions, being free from the collective
strategic responsibilities for Exide as a whole, is focused on enhancing
the quality, efficiency and effectiveness of each business.
The core roles of the key entities flow from the structure. The core
roles, in turn, determine the core responsibilities of each entity. In
order to discharge such responsibilities, each entity is empowered
formally with requisite powers.
The structure, processes and practice of governance enables focus on
the Corporate purpose while simultaneously facilitating effective
management of the diverse businesses within the portfolio.
Corporate Social Responsibility Policy
In line with our vision of being recognized by society as a responsible
corporate citizen the following shall be our policy
Exide shall successfully combine shareholder value with
environmental and social responsibility.
CSR is considered as one of the key business processes, which
has been identified by the management and considered critical
to be a successful organization. Exide shall also establish the
sub-processes to internalize this key process with a mechanism
to measure and control the effectiveness.
The Policy is to help people through a sustainable model, in such
a way that they are able to stand on their own feet and can
participate in the economy through their enhanced capacities.
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Exide firmly commits itself to do its business in a responsible and
ethical way, so that a positive impact is created on society and
all its stake holders.
Automotive Export
Automotive
Exide Industries India is of the largest manufacturers of Lead
Acid Storage Batteries in World, marketing its products to
Western Europe, Middle East, Africa, South America, SAARC and
South East Asian Countries.
EXIDE*, CHLORIDE, INDEX, DYNEX, Standard Furukawa, SFSONIC, JUPITER, CONREX are all brands in which we market our
products globally.
The company has a technical collaboration with Shin Kobe Denki,
Japan, the makers of the Hitachi brand of batteries, and
Furukawa Battery Company, Japan
Exide India has its own R&D Centre, which is continuously
designing and developing batteries for International and
Domestic market.
ISO/TS 16949 give the entire literature.
Exide are the OEM suppliers to almost every car manufacturer of
repute - E.g.: General Motors, Toyota, Hyundai, TATA Motors ,
Maruti, FIAT, Leyland, Renault, Honda to name a few. Almost
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80% of car manufactured in India are fitted with a battery
manufactured by us.
Contact
Exide Industries Limited
Registered Office: 59E, Chowringee Road, Kolkata, India. PIN-700020
International Marketing Office: 6A, Hatibagan Road, Kolkata, India. PIN-
700014
Tel: + 91 33 2286 6134 / 1860, Tel/Fax: + 91 33 2286 6138
For technical details and enquiries please write to:
Industrial Export
We Manufacture
mailto:[email protected]:[email protected]7/30/2019 Exide Bettry
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Our Production Range
Golf Cart Battery OPzS VRLA For Telecom Plante
Tabular For
Inverters
VRLA For UPS
System
Traction Railway Starter
Miner's Cap Lamp
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Stand By -15 Ah to 5000 AhMotive Power -64 Ah to 1550 Ah
(BS & DIN RANGE)VRLA -7 Ah to 5000 AhMono Block- -6v
-12
-60 Ah to 225 Ah
-39 Ah to 200 AhMono Block- -4v -9 Ah to 12 Ah
Our Global Presence
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Manufacturing facilities
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Our Products
Exide
The brand name embodies the values of excellence, commitment,
dependability and service, which has shaped its, character -leadership,is a continuing responsibility.
SF Sonic
Characterized by power at its peak throughout its lifetime, SF Sonic is
the ultimate in power-packed batteries. Backed by the technology ofthe world famous Furukawa Battery of Japan, SF Sonic has a formidable
line up of models for all types of 4 wheelers and 2 wheelers on Indian
roads. You can get vital information on cutting-edge Furukawa
technologies, great tips on battery maintenance, latest news and
trends of the automobile industry and lots more from this site. Whats
more, you can even enjoy custom built games, download cool wall
papers and screen savers absolutely free.
Industrial
Storage Batteries are an essential requirement to keep electrically
operated equipments going when the mains fail. Railway,
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Telecommunications, Defense, Mining, Hospitals, Airlines Signaling &
Communications..... All depend on Exide to fulfill their needs for
Standby Power. Railway Systems, from Air conditioning, Train Lighting
to Signaling, Diesel Loco Starter, and Electric Multiple Units depend on
Exide to keep running smoothly.Starting with batteries for Fork Lift
Trucks, Golf Carts, Electric Wheel Chairs, etc., Exide has steadily
developed the technology for powering electric vehicles as well as
water vessels driven by battery power. The special power-packs are
considerably lighter and can be recharged faster than conventional
batteries.
Financial Statement
Exide declares increase of 89 % in net profit for 09-2010,
Highlights of 09-10
Net turnover rises 12 per cent to Rs 3,794 crore
Pays 40 per cent final dividend ; annual dividend 100 per cent
ROCE and RONW rise to 42% and 44 per cent respectively
Debt-Equity Ratio at 0.04 : 1
Kolkata, April 28, 2010: Exide Industries Ltd, the countrys largest
lead acid storage battery manufacturer and stored energy solutions
provider, today declared its annual results for the year 2009-10. While
net turnover during the 12-month period rose 12 per cent to Rs 3794
crore, net profit during the same period jumped 89 per cent to Rs 537
crore.
During the fourth quarter of the financial year 09-10, the company
clocked a net turnover of Rs 1028 crore and a net profit of Rs 200
crore, showing a growth of 28 per cent and 88 per cent respectively
over the corresponding period of the previous financial year.
The Exide Industries Ltd Board of Directors, which met in Mumbai
today to approve the financial results declared a final dividend of 40
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per cent. Added to the interim dividend of 60 per cent declared earlier
during the year, this takes the total dividend payment during the
financial year 2009-10 to 100 per cent.
Exide continues its steady growth
Highlights of 08-09
Turnover rises 17 per cent to Rs 4233 crore
Pays 20 per cent final dividend; full year dividend payout 60 per cent
Automotive sales cross 14 million batteries
Industrial battery sales cross 1.3 billion amp hours
Haldia Factory wins the prestigious TPM Award.