Life was about to change for the unconventional founder, who acquired the blacklisted company Havells from Haveli Ram Gandhi. With a 24 percent market share, it dominates the wires and cables sector in India. Market share buildup is happening… of course, when you invest so heavily, profitability is always a question mark initially, but we are looking at the long-term play here. Havells will have to up its game to regain lost market share,” he says.A vast pan-India distribution and premium brand positioning are the key strengths of Havells. Lloyd has grown at a robust pace and gained market share in RAC [room air conditioner]; profits are sometimes away, though.
Source: Forbes November 20, 2023 07:22 UTC