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Havells India to add 100-150 people for R&D team in couple of years: Report

26 Sep 2018 Evaluate

Havells India is reportedly planning to employ an additional 100-150 people for its Research and Development (R&D) team in the coming two years. The company will hire mostly fresh talent with knowledge of hardware-software co-design, design and artificial intelligence, material technologies and Internet of Things (IoT).

The company would double its R&D spending to around 2% of revenue in the next two years from 0.9% at present.

Havells India is a leading FMEG company (Fast moving electrical goods) with presence across India. Its product range includes Industrial & Domestic Circuit Protection Switchgear, Cables&  Wires,  Motors,  Fans,  Power  Capacitors,  Luminaires  for  Domestic,  Commercial  & Industrial applications, Modular Switches etc.

Peers
Company Name CMP
Waaree Energies 2491.80
Apar Industries 17767.45
Havells India 1095.00
Suzlon Energy 40.78
Siemens 3874.65
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