Corporate identity

Building world-class products

At Havells, we offer innovative FMEG products manufactured at our 14 state-of the art facilities across India, backed by our robust R&D capabilities, well-penetrated distribution network and strong brand recall. Over the years, we have established a strong presence in the domestic electrical appliances and equipment market, which is being bolstered by increasing penetration in the rural markets.

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Emerging as one-stop FMEG destination

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Performance highlights

Resilience amid

We delivered significant revenue growth, despite facing multiple headwinds such as rising raw material costs and subdued demand. Our margins however were impacted, as we could not fully pass on the increased input cost to the consumer.

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ESG Ratings


7th Rank Globally




ESG Rating

ESG Rating history
ESG Risk Rating Comprehensive*

21.7 Medium Risk

*Sustainalytics classifies a company as a part of its comprehensive universe or core universe primarily by its market capitalisation as well as its inclusion in major global and regional indexes. Sustainalytics' Core Framework covers 20-30 management indicators, whereas its Comprehensive Framework covers over 70 management indicators



Chairman and Managing Director’s message

Delivering delightful experiences

Havells has strong brand salience in urban markets, and is expanding its footprint deeper into India. As electrification and income levels improve in rural markets, we are ready with an organised rural distribution network, with a unique product portfolio, suitable for these markets.

Anil Rai Gupta Chairman and Managing Director

Material topics

Mapping our priorities

We conducted a materiality assessment exercise to identify the topics most critical to value creation while better understanding our obligations towards our stakeholders.

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Material topics

EClimate Strategy & Action

SHuman capital development

GGovernance and ethical business conduct

EWater and air quality

SOccupational health and safety

EProduct stewardship

ECircular economy and waste management

GInnovation R&D

GCapacity Utilisation & Market Presence

GDistribution Network & Channels

GSustainable sourcing and vendor management

SHuman rights and CSR

SResponsible digitalisation & technology use

GCustomer and other stakeholders’ delight

GBrand Integrity & Salience

ESG materiality assessment process FY 2021-22

A universe of material topics was shortlisted, each of which were assigned a framework score, industry score, survey score, risk score and management score. The frameworks considered included Business Responsibility and Sustainability Report (BRSR), Global Reporting

Initiative (GRI), Sustainability Accounting Standards Board (SASB), Dow Jones Sustainability Indices (DJSI), Morgan Stanley Capital International (MSCI) & Sustainalytics. To arrive at the industry score, international and Indian companies in the electrical equipment and

appliances space were considered. An ESG materiality survey was rolled out to 100+ participants, including the management and senior leadership team.

Five-step methodology


  • Issues were ranked according to importance based on management and employee surveys
  • 100+ responses received from participants


  • Used ESG frameworks and standards, ESG ratings, and peer benchmarking to recognise potentially relevant issues


  • Incorporate these factors on the broader business strategy
  • Communicate the new strategy to all relevant stakeholders


  • Fresh ranking of issues based on the weighted average score achieved by each issue
  • Separate score assigned to each material issue based on the response


  • Recognise significant environmental, social and governance risks and opportunities for Havells
  • Determine areas for target setting to improve business and sustainability performance
Strategic levers

Making Havells omnipresent

At Havells, we have outlined eight strategic levers to ensure our presence across the entire value chain and penetrate more markets.

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Risk management

Mitigating external challenges

We have put in place a robust risk Intregated Risk Management Framework, aligned with the internationally accepted framework issued by the Committee of Sponsoring Organisations of the Treadway Commission (COSO).

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Stakeholder engagement

Aligning interests and expectations

Our engagement initiatives are guided by the principles of inclusivity, materiality and responsiveness, resulting in actionable insights that feed into our strategies.

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