This article includes a list of general references, but it lacks sufficient corresponding inline citations. Please help to improve this article by introducing more precise citations. (January 2023) (Learn how and when to remove this template message)

Eveready Industries India Ltd.
Company typePublic
NSE: EVEREADY
BSE: 531508
Industry
Founded1905; 119 years ago (1905)
HeadquartersKolkata,
West Bengal
,
India[1]
Area served
India
Products
Brands
Websitewww.evereadyindia.com

Eveready Industries India Ltd. (EIIL) is an Indian company that manufactures and markets batteries and lighting products. The Eveready brand has been present in India since 1905. It also manufactures photogravure plates, castings, carbon electrodes and related products.

The Group's operating facilities are located at Kolkata, Bengaluru, Noida, Haridwar, Lucknow and Matia (Assam).

EIIL is the world's third largest producer of carbon zinc batteries, selling more than a billion units a year. EIIL is India's largest selling brand of dry cell batteries and flashlights (torches), with dominant market shares of about 46% and 85% respectively.[2] In February 2022, the Burman group made an open offer to acquire 1.89 crore shares (around 26%) of the company at Rs 320 per share for an amount of Rs 604.76 crore. Following this, Chairman Aditya Khaitan and Managing Director Amritanshu Khaitan accepted the offer and resigned from the company.[3]

History

Early history

EIIL started its operation in India in 1905. The first dry cell batteries were imported from the US and sold in the major cities of the country. These batteries were primarily used in imported torches.

In 1939, the company set up its first battery plant in Kolkata. This was followed by another battery manufacturing plant in Chennai in the year 1952. A torch manufacturing plant was set up at Lucknow in 1958. Today it is one of the largest torch manufacturing plants in South East Asia. The plant manufactures a wide range of brass, aluminum, and plastic torches.

In 1969, the now infamous factory in Bhopal was opened.

Success

By the time of the Bhopal Disaster in 1984, the company was ranked twenty-first in size among companies operating in India. It had revenues of Rs 2 billion (then equivalent to US$170 million). Fifty-one percent of the company (known at the time as UCIL) was owned by Union Carbide Corporation; remaining shares were held by 24,000 stockholders. Ten thousand people were employed in five operating divisions that manufactured batteries, carbon products, welding equipment, plastics, industrial chemicals, pesticides, and marine products. EIIL became part of the Williamson Magor Group through McLeod Russel Ltd in the latter half of 1994 following the sale of Union Carbide Corporation's stake in UCIL. UCIL is primarily a dry-cell battery manufacturer at the time, but as part of the Williamson Magor Group EIIL launched three brands of packet tea under the Greendale Brand umbrella – Tez, Jaago and Premium Gold. Coupled with EIIL's brands of packet tea are now easily available in most states in India. In 1997, the Eveready brand was extended to its packet tea business. McLeod Russel Ltd. eventually merged with Eveready Industries.

EIIL has the licence for the Eveready brand only in India, Bhutan and Nepal from Energizer Holdings, so it had to create a new brand for export to other markets where Energizer Holdings still has the rights to the Eveready brand.[4] The brand LAVA was launched in 1999. LAVA batteries and flashlights have been sold in Dubai, Bahrain, Jordan, Sudan, Egypt, Bangladesh, Mauritius, Sri Lanka, Azerbaijan, Mexico, US, Lebanon, Saudi Arabia, Ethiopia and Nigeria.

During the fiscal year 2002, the group sold its wholly owned subsidiaries Dufflaghur Investments Limited and Natex Investment and Marketing Limited.

In 2005, EIIL celebrated its 100 anniversary in India. That same year, EIIL separated its bulk tea business and de-merged as McLeod Russel. EIIL also acquired BPL Soft Energy System in 2005.

Timeline

The Bhopal disaster took place in the early hours of the morning of 3 December 1984, in the heart of the city of Bhopal in the Indian state of Madhya Pradesh. A Union Carbide subsidiary pesticide plant released 40 tonnes of methyl isocyanate (MIC) gas, immediately killing nearly 3,000 people and ultimately causing at least 15,000 to 22,000 total deaths. Bhopal is frequently cited as one of the world's worst industrial disasters.[5] The International Medical Commission on Bhopal was established in 1993 to respond to the disasters.

Products

Eveready Industries have business interests spreading across batteries, flashlights, lighting and packed Tea.

Batteries

Flashlights

Lighting

Marketing

In 1992, Rediffusion Y&R, the agency on record, released the ‘Give me Red’ tagline that Eveready Industry continues to use. In 2004, Amitabh Bachchan was appointed as brand ambassador for two years, during which the agency came up with another ‘Give me Red’ campaign. In 2009 Eveready released an ad titled ‘Boxing’.[8]

Eveready Industries has launched an advertising campaign for Eveready Ultima Batteries. The animation team created controlled trails of light derived from light painting. Recognizable shapes were made with a torch and captured on a digital still camera. The film comprises over 3000 such photographs, played back quickly, one after the other, like in a flicker book.[9]

See also

References

  1. ^ "Eveready :: Contact Us :: Corporate Office".
  2. ^ "Eveready weighs recharge options". Telegraph. 15 March 2005. Archived from the original on 3 February 2013.
  3. ^ "Eveready Batteries' Chairman, MD resign post open offer from Burman group". Moneycontrol. 3 March 2022. Retrieved 4 March 2022.
  4. ^ [1] Archived 21 December 2009 at the Wayback Machine
  5. ^ "100 Worst Corporations – Last 10 Years (From the Very Excellent Magazine Multinational Monitor)". Scribd.com. Retrieved 30 September 2013.
  6. ^ "Eveready to acquire controlling stake in French firm". Reuters India. 15 May 2009.
  7. ^ "Eveready to roll out 2 new lighting products". Business Standard India. Business Standard. Press Trust of India. 3 February 2009.
  8. ^ "Eveready: And then there was light". afaqs. 1 June 2009. Archived from the original on 16 January 2013.
  9. ^ "Eveready rolls out TVC to promote Eveready Ultima". Campaign India. 27 May 2009. Archived from the original on 14 June 2009. Retrieved 11 September 2009.
Categories