Over the last 68 years, Crompton Greaves ( CG ) has become synonymous with electricity in India . In fact, the first unit of electricity was generated on a " Crompton Dynamo " at Calcutta in 1899. A pioneering leader since 1937 in the management and application of electrical energy , Crompton Greaves , today, is India's largest private sector enterprise, extensively engaged in designing, manufacturing and marketing high technology electrical products with services related to power generation, transmission, distribution as well as executing turnkey projects.
Activities
Crompton Greaves is organized into three business groups:
Power Systems
Industrial Systems
Consumer Products
The company offers wide range of products such as power & industrial transformers , HT circuit breakers , LT & HT motors , DC motors , traction motors , alternators / generators , railway signaling equipments and many more. CG also undertakes turnkey projects from concept to commissioning. CG exports to more than 60 countries worldwide.
Pauwels Acquisition - an Indian MNC
Crompton Greaves has completed the acquisition of the Belgium-based Pauwels on 13th May 2005. The group has manufacturing facilities in Belgium, Ireland, Canada, USA and Indonesia and well spread distribution network across the globe.
Ganz Acquisition
CG has also successfully acquired Hungarian based Ganz (GTV), engaged in the manufacture of EHV Transformers, Switchgear, Gas Insulated Switchgear (GIS), Rotating Machines and Contracting businesses and Transverticum Kft (TV) on 17th October, 2006;TV being a subsidiary of GTV.
CG 's business operations include 22 manufacturing divisions spread across in Gujarat, Maharashtra, Goa, Madhya Pradesh and Karnataka, supported by well knitted marketing and service network through 14 branches in various states.
Performance
Crompton Greaves Limited has, during the year ended 31st March, 2007, achieved a turnover of Rs. 36599.8 million as against Rs. 27385.8 million for the previous year, representing a growth of 34% over the last year.Consolidated turnover has gone up from Rs. 43463.0 million in 2005-06 to Rs. 59340.4 million in 2006-07 registering growth of 37% over last year.
After providing for interest Rs. 303.5 million (Previous Year Rs. 263.7 million), Depreciation of Rs. 393.6 million (Previous Year Rs. 441.8 million), the profit before taxes is Rs. 3070.0 million (Previous Year 1948.0 million), representing an increase of 58%.In respect of consolidated accounts, after providing for interest Rs. 565.8 million ( previous year 359.5 million), Depreciation of Rs. 954.2 miilion (previous year 762.3 miilion), the profit before taxes is Rs. 4359.6 miilion (previous year Rs. 2773.2 miilion) representing an increase of 57%.
Organization
Mr. Gautam Thapar was appointed as Chairman of Crompton Greaves Limited on July 22nd, 2004.
Mr. S. M. Trehan is the Managing Director of Crompton Greaves Limited since May 2000.
Corporate Office: Crompton Greaves Limited
CG House, 6th Floor,
Dr. Annie Besant Road.
Worli, Mumbai - 400 030
INDIA.
Telephone: +91 022 2423 7777
Fax: +91 022 2423 7788
