Crompton Greaves Consumer Electricals Ltd. has been honored as one of India’s Best Managed Companies 2023 by Deloitte India recognizing its consistent efforts to drive business excellence for the second consecutive year. India’s “Best Managed Companies” winners are amongst the best-in-class Indian companies demonstrating leadership in the areas of strategy, capabilities, innovation, culture, commitment, and…
Crompton Greaves Consumer Electricals Ltd. (CGCEL), one of India’s leading consumer electrical companies, has been recently honoured with the esteemed National Safety Award 2023 at the 11th Global Safety Summit organized by the Fire and Safety Forum (HQ- World Safety Forum London, United Kingdom) and United Nations Global Compact Network India. The company was recognized…
Crompton Greaves Consumer Electricals Limited announced the appointment of Sundaram Damodarannair as Chairman of the Board, with effect from October 21, 2023. D. Sundaram is a Postgraduate in Management Studies, Chennai, Fellow of the Institute of Cost and Management Accountants, and has done Harvard Business School’s Advanced Management Programme and holds experience in corporate finance,…
Crompton Greaves Consumer Electricals Ltd. has appointed Dr. D. Prasanth Nair as the company’s new Chief Human Resources Officer effective from 8th May, 2023. An accomplished HR veteran with over 20 years of experience, Dr. Prasanth will be responsible for strengthening the company’s employee experience, leading the talent management as well as supporting the Diversity &…
Crompton Greaves Consumer Electricals Limited announced that Shantanu Khosla has been appointed and elevated as the Executive Vice Chairman for a period of one year from May 1, 2023 till April 30, 2024, and thereafter as ‘Non-Executive Vice Chairman’ till December 31, 2025. In view of his elevation as Executive Vice Chairman, he will be…
Crompton Greaves Consumer Electricals Ltd. (Crompton) and Butterfly Gandhimathi Appliances Ltd (Butterfly) announced a proposed scheme of amalgamation of Butterfly with Crompton. Upon Merger, the public shareholders of Butterfly as on the record date will receive 22 equity shares of Crompton for every 5 equity shares held by them in Butterfly, as a consideration for…
Electrical equipment company Crompton Greaves Consumer Electricals Ltd. (Crompton) has announced the appointment of Kaleeswaran Arunachalam as Chief Financial Officer, with effect from September 5, 2022. According to the company’s exchange filing, “The Board of Directors in its meeting held on August 25, 2022 have considered and approved the appointment of Mr. Kaleeswaran Arunachalam, as the…
Crompton, an electrical consumer durables company in India, announced that it has signed definitive agreements on February 22, 2022 to: (a) acquire upto 55% stake in Butterfly, a company engaged in the manufacturing, marketing and distribution of kitchen and small domestic appliances (SDA), at a price of INR 1,403.00 per equity share, and (b) Trademarks…
Crompton Greaves Consumer Electricals Limited announced the appointment of Hiroo Mirchandani to its Board of Directors, effective January 28, 2022. According to the company’s exchange filing, “we inform you that the Board of Directors in their Meeting held today i.e. January 28, 2022 through Video Conferencing which commenced at 12:14 P.M. (1ST) and concluded at…