Credit rating agency, ICRA has assigned a rating of ‘MAA’ on the medium-term rating scale to the fixed deposit programme of Havells India with stable outlook. The assigned rating derives strength from the company’s experienced promoters and professional management who have facilitated creation of a strong brand portfolio over the years, its healthy market shares in most areas of operation supported by its strong marketing and distribution reach and its diversified product portfolio, which renders protection against adverse movements in any particular segment.
Havells India is engaged in selling products in Kerala for several years and the business has shown an upward trend in terms of turnover in a short span of time. It has 10 manufacturing facilities in India in various states, including Himachal Pradesh, Uttar Pradesh and Rajasthan.
