About Crompton Greaves Consumer Electricals Ltd
CGCEL operates within the consumer electronics sector, specifically focusing on electrical consumer durables. It has a rich history, as it was established in 1937. Initially known as Crompton Parkinson Works Limited, the company underwent several transformations, becoming Crompton Greaves Consumer Electricals Ltd in 2016.
The headquarters of CGCEL is located in Mumbai, India. The company is led by key figures such as Shantanu Khosla (Vice Chairman) and Promeet Ghosh (CEO & MD). A team of professional promoters manages the operations of the company-
- D Sundaram
- P M Murty
- Smita Anand
CGCEL’s main products include a variety of fans, LED and non-LED lighting solutions, along with water heaters. The company also offers air coolers and kitchen appliances. CGCEL is particularly noted for its leadership in the fans segment, holding a substantial market share of around 26%.
The company has a significant domestic investment at 52% stake, while foreign investment accounts for 4.37% of the shares. CGCEL is a significant player in the consumer durables sector. It is not currently the largest in terms of market share or market capitalization. However, it remains a significant and influential entity within its industry.
The company's registered office is located in Kurla, Mumbai, Maharashtra. Its registrar's office is situated in the Financial District, Hyderabad. Crompton Greaves Consumer Electricals Ltd is a well-established consumer electronics company. It is known for its diverse product range and significant market presence. With strong promoter backing and a strategic focus on innovation, CGCEL remains a key player in the Indian market.
The vision of Crompton Greaves Consumer Electricals Limited
CGCEL envisions becoming a leader in the consumer electrical market. The company aims to achieve this by focusing on innovation and customer satisfaction. Its vision is rooted in its commitment to delivering superior products that enhance the everyday lives of its customers. This vision drives every aspect of CGCEL’s operations, from product development to customer service.Innovation is at the heart of CGCEL’s vision. The company aims to continuously introduce cutting-edge products that meet the evolving needs of consumers. This involves investing in research and development to create advanced and user-friendly products. CGCEL’s R&D centre in Vikhroli, Mumbai, is crucial. The centre has state-of-the-art facilities and a team of skilled professionals dedicated to innovation.
Quality is another cornerstone of CGCEL’s vision. The company strives to maintain the highest standards in all its products. This commitment to quality is evident in each product's rigorous testing and quality control processes before reaching the market. CGCEL believes delivering reliable and durable products is essential to building customer trust.
Customer satisfaction is a key component of CGCEL’s vision. The company aims to exceed customer expectations by providing exceptional products and services. This involves understanding customer needs and preferences. The company then incorporates feedback into product development to enhance user satisfaction. CGCEL’s customer-centric approach ensures that its products are functional, aesthetically pleasing, and easy to use.
Sustainability is also a significant aspect of CGCEL’s vision. The company is committed to reducing its environmental footprint by developing eco-friendly products and adopting sustainable practices. This includes using energy-efficient technologies and promoting recycling. CGCEL believes that sustainability is not only good for the environment but also beneficial for business in the long run.
CGCEL’s vision extends to its role as a responsible corporate citizen. The company is dedicated to impacting society through various corporate social responsibility initiatives. These initiatives focus on education, healthcare, and community development. CGCEL believes that contributing to the well-being of the communities it serves is an integral part of its vision.
CGCEL’s vision is supported by its strong leadership team. The company’s leaders are committed to driving growth and innovation. They also prioritise maintaining the highest standards of integrity and transparency. This leadership ensures that CGCEL remains focused on its vision. It also enables the company to continue delivering value to its customers, employees, and shareholders.
The company’s vision is also reflected in its strategic partnerships and collaborations. CGCEL collaborates with various stakeholders to achieve its goals. This includes suppliers, distributors, and technology partners. These partnerships allow the company to tap into external expertise and resources. This enhances its ability to innovate and deliver high-quality products.
CGCEL’s vision is not static; it evolves with changing market dynamics and consumer preferences. The company continuously reviews and updates its vision to remain relevant and aligned with its long-term goals. This proactive approach enables it to stay ahead of the competition and maintain its leadership position in the market.
CGCEL envisions becoming a leader in the consumer electricals market. A focus on innovation and corporate responsibility drives this goal. The company’s strong leadership and proactive approach to evolving market trends support its vision.
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