>CROMPTON GREAVES (BONANZA)

Company background
Mumbai based Crompton Greaves was founded by Col. R.E.B. Crompton as R.E.B.Crompton & Company in 1878. The company merged with F.A Parkinson in the year 1927 to form Crompton Parkinson Ltd., (CPL).. In the year 1947, with the dawn of Indian independence, the company was taken over by Lala Karamchand Thapar, an eminent Indian industrialist.

Presently, Crompton Greaves (CG) is Flagship Company of the US$ 3 bn conglomerate Avantha Group. Its operations consist of 21 divisions spread across in Gujarat, Maharashtra, Goa, Madhya Pradesh and Karnataka supported by marketing and service network through 14 branches in state capitals .

Rs.8800 Crore (US$ 1.8 Billion) company is organized into three business groups:

• Power Systems
• Industrial Systems
• Consumer Products

Highlights
• There is constant industrialization taking place as the economy is in a long term growth trajectory, resulting in demand for Engineering and Electrical equipments.

• Country is boosting its power generation and transmission capacity, further boosting demand for power products.

• With growing urbanization and rising trend of nuclear smaller families, rising housing demand there is visible growth in consumer products division.

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