Exide Industries has incorporated wholly owned subsidiary (WOS), namely ‘Exide Energy Solutions’ to set up a green field multi-gigawatt Lithium-ion cell manufacturing facility in India with an initial authorized and paid up equity share capital of Rs 1 lakh. The Ministry of Corporate Affairs, Government of India has issued the Certificate of Incorporation on March 24, 2022.
The main object of the WOS is to carry on the business of manufacturing battery cells of advanced chemistry and form factor, including but not limited to cylindrical, pouch, prismatic, (the ‘Battery Cells’), as well as manufacturing, assembling, selling battery modules, battery packs and other related activities thereto.
Exide Industries was incorporated in January 1947 as Associated Battery Makers to purchase all or any of the assets of the business of manufacturers, buyers and sellers of and dealers in and repairers of electrical and chemical appliances and goods carried on by the Chloride Electric Storage Company.
| Company Name | CMP |
|---|---|
| Exide Inds | 330.05 |
| Amara Raja Energy | 778.45 |
| HBL Engineering | 786.60 |
| Eveready Inds. India | 302.45 |
| Indo-National | 326.15 |
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