Whirlpool of India Ltd

Whirlpool of India Ltd Share Price Today

Whirlpool of India Limited, headquartered in Gurugram, is a significant producer and marketer of major household appliances in the nation. The firm primarily manufactures and trades refrigerators, washing machines, air conditioners, microwave ovens, and small appliances, serving both local and foreign markets. In addition, the firm provides product development and procurement services to Whirlpool Corporation, USA, and other group entities.

Whirlpool of India is a subsidiary of Whirlpool Corporation, the world's largest home appliance producer. The firm owns three production plants in Faridabad, Puducherry, and Pune. Each of these production facilities has an infrastructure that demonstrates Whirlpool's dedication to providing its customers with forward-thinking solutions. You can track Whirlpool Share price on NSE and BSE.

History of Whirlpool of India Limited

Whirlpool of India Limited was founded on July 9, 1960 as Kelvinator of India Limited. The company was created in conjunction with Kelvinator International Corporation, USA, to produce refrigerators, compressors, and related equipment. In 1974, they developed a plant to produce electrical grade stampings in conjunction with Thermal Refrigeration Limited in the United Kingdom. In 1975, the business opened a contemporary tool room for the production of tools, dies, jigs, and fittings.

In 1976, they constructed a plant to manufacture electromechanical cash registers in conjunction with Gross Cash Registers, UK. Aravalli Svachalit Vahan, Alwar's sick unit, joined the firm on May 26, 1982. In 1985, the firm signed a partnership arrangement with White Consolidated Industries Inc, USA, to produce washing machines. In 1986, they produced a 300-litre 2-door refrigerator for lower and middle-class customers. In addition, they offered a single speed (VIP-1) and three-speed kick-start (VIP-3), as well as two new cash register types.

In 1993, the company formed a partnership with Whirlpool Corporation USA, under which Whirlpool agreed to acquire from White Consolidated Industries Inc., USA. Additionally, Expo Machinery, a completely owned subsidiary, amalgamated with the corporation. The Whirlpool brand debuted in November 1995, alongside a new 310-litre refrigerator. Whirlpool Washing Machines amalgamated with Kelvinator India in 1996, renaming the firm Whirlpool of India.

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Key Personnel at Whirlpool India Limited

• Arvind Uppal is the Chairman and Independent Director of the company.
• Narasimhan Eswar is the Managing Director of the company.
• AHB Narayana Reddy is the Executive Director of the company.
• Anil Berera is the Non-Executive Director at the company.
• Pradeep Jyoti Banerjee, Rahul Bhatnagar, and Harita Gupta are the Non-Executive & Independent Directors of the company.

Financial Performance of Whirlpool India Limited

• Whirlpool of India reported a 24.7% rise in consolidated net profit to Rs 79.45 crore in the March quarter.
• Whirlpool's revenue from operations was up 3.66% to Rs 1,734 crore during the quarter ended March 2024.