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7/30/2019 Exide Bettry

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Company Profile

The Company was incorporated as Associated Battery Makers (Eastern)

Ltd., on 31st January, 1947 under the Companies Act, 1913 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 (India) Ltd, in India , since 1916 with a view thereto

to enter into and carry into effect (either with or without modification)

an agreement which had already been prepared and was expressed to

be made between the Chloride Electric Storage Co (India) Ltd on theone part and the Company of the other part. The name of the

Company was changed to Chloride India Ltd on 2nd August, 1972. The

name of the Company was again changed to Chloride Industries Ltd.

vide fresh Certificate of Incorporation dated 12th October, 1988. The

name of the Company was further changed to Exide Industries Ltd. on

25th August, 1995.

The Company manufactures the widest range of

storage batteries in the world from 2.5 Ah to

20,400 Ah capacity, covering the broadest

spectrum of applications. The Company has six

factories strategically located across the country

two in Maharashtra, one in West Bengal, two in

Tamil Nadu and one in Haryana. The Companys

predecessor carried on their operations as import house from 1916

under the name Chloride Electrical Storage Company. Thereafter, the

Company started manufacturing storage batteries in the country and

have grown to become one of the largest manufacturer and exporter of

batteries in the sub-continent today. Exide separated from its UK-


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based parent, Chloride Group Plc., in 1989, after the latter divested its

ownership in favour of a group of Indian shareholders. The Company

has grown steadily, modernized its manufacturing processes and taken

initiatives on the service front. Constant innovations have helped the

Company to produce the worlds largest range of industrial batteries

extending from 2.5 Ah to 15000 Ah and covering various technology

configurations.

Exide Story

Although Alessandro Volta successfully generated electrical current

from chemical reactions between dissimilar metals as early as 1800

AD, it was not till 1860 that Raymond Gaston Plante invented the lead

acid battery. Unfortunately, initial capacity was extremely limited as

the positive plate had little active material. It took another 20 years

before a

Practical battery was developed using a paste of lead oxide as active

material.

However, it did not take long for the next step. It was in the

1880s itself that Mather & Platt, a Manchester based

engineering firm, began manufacture of storage batteries. The

batteries -or accumulators as they were then called - followed

a design in which lead Chloride was the active material.

Accordingly, the new company was christened Chloride

Electrical Storage Syndicate.

In the automotive industry, the most important application stemmed

from a common problem: motorists' broken arms! While cranking the

engine, the crank often swung back violently, injuring the driver's arm.


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Efforts to eliminate this,led to the development of battery-started

vehicles.

One of the critical ingredients in making the plates of such a

battery was oxide. Having perfected the technology, Chloride

coined a brand name "Exide", a derivative acronym from the

term Excellent Oxide.

Milestones1916 Chloride Electric Storage Co. (CESCO) UK sets up trading

operations in India as an import house.1946 First factory set up in Shamnagar, West Bengal.1947 Incorporated as Associated Battery Makers (Eastern) Limited on 31

January 1947 under the Companies Act.

1947 Incorporated Chloride International Limited (previously Exide

Products Limited)1969 Second factory at Chinchwad, Pune1972 The name of the Company was changed to Chloride India Limited1976 R&D Centre established at Kolkata1981 Third factory at Haldia, West Bengal1988 The name of the Company was changed to Chloride Industries

Limited

1994 Technical collaboration with Shin Kobe Electric Machinery Co. Ltd.

of Japan, a subsidiary of the Hitachi Group.

1995 Chloride Industries Limited renamed Exide Industries Limited1997 Fourth factory at Hosur, Tamil Nadu1998 Acquisition of industrial/ manufacturing units of Standard Batteries

Ltd located at Taloja & Kanjurmarg (Maharashtra), Guindy

(Tamilnadu) and plant at Ahmednagar (Maharashtra) from Cosepa

Fiscal Industries Limited as a going concern.

1999 Acquired 51% Shareholding in Caldyne Automatics Ltd


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2000 Acquisition of 100% stake in Chloride Batteries S E Asia Pte Ltd.,

Singapore and 49% stake in Associated Battery Manufacturers

(Ceylon) Limited, Sri Lanka.2003 Commissioned plant at Bawal, Haryana

2003 New joint venture in UK, ESPEX, with 51% holding.2004 Associated Battery Manufacturers (Ceylon) Limited, Sri Lanka

became a subsidiary consequent to acquiring further 12.50%

Equity holding.

2005 Investment in 50% shareholding of ING Vysya Life Insurance

Company Limited

2007 Caldyne Automatics Ltd becomes 100% subsidiary consequent to

acquiring the balance 49% shareholding.

2007 Investment with 26% shareholding.in CEIL Motive Power Pty Ltd. A

Joint Venture in Australia.2007 Acquired 100% stake in Tandon Metals Ltd.2008 Acquired 51% stake in Lead Age Alloys India Ltd


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Board of Directors

R.G. Kapadia, Chairman & Non Executive Director

R.B. Raheja, Vice Chairman & Non-Executive Director

T.V. Ramanathan, Managing Director & Chief

Executive Officer

G. Chatterjee, Director Industrial

P.K. Kataky, Director Automotive

A.K. Mukherjee, Director Finance & Chief Financial

Officer

Vijay Aggarwal, Non Executive Director

H. M. Kothari, Non Executive Director

Bhaskar Mitter, Non Executive Director

S.N. Mookherjee, Non Executive Director

S.B. Raheja Non Executive Director

D.S. Parekh (Alternate to S.B. Raheja) Non Executive

Director

W. Wong, Non Executive Director


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Mona N. Desai, Non Executive Director

Our Vision & Core Values


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Corporate Governance

Governance Philosophy


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Exide views Corporate Governance as a systemic process by which

Companies are directed and controlled to maximise their capacity to

generate wealth. As large corporates use vast quantum of societal

resources, Exide believes that the governance process should ensure

that these Companies are managed in a manner that meets both

stakeholders aspirations and societal expectations.

Exides Corporate Governance initiative is based on two core

principles:

i. Management must have the executive freedom to drive the

organisation forward without undue restraints; and

ii. This freedom of management, however, should be exercised withina framework of effective accountability and transparency.

Exide believes that any meaningful policy on Corporate Governance

must provide empowerment to the executive management of the

Company, and simultaneously create a mechanism of checks and

balances which ensures that the decision making powers vested in the

executive management are used with care and responsibility and not

misused.

Exides governance philosophy embraces the tenets of trusteeship,

transparency, empowerment and accountability, control and ethical

corporate citizenship. Exide believes that the practice of each of these

tenets would lead to the creation of the right corporate culture in

which the Company is managed in a manner that fulfils the purpose of

Corporate Governance.

Trusteeship recognises that large corporations have both an economic

and a social purpose, thereby casting the responsibility on the Board of

Directors to protect and enhance shareholder value, as well as fulfill


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obligations to other stakeholders.

Transparency requires that the Company makes appropriate

disclosures where necessary and explains the basis of its policies and

actions to all those who are affected by them. Empowerment is a

process used to unleash creativity and innovation throughout the

organisation by decentralising and delegating the decision making

powers at the most appropriate levels.

Control ensures that freedom of management is exercised within a

framework of checks and balances and is designed to prevent misuse

of power, facilitate timely response to change and ensure effective

management of risks.

Exides Corporate Governance processes continuously reinforce and

help actualise the Companys belief in ethical corporate citizenship and

is manifest through exemplary standards of ethical behaviour, both

within the organisation as well as in external relationships.

Governance Structure

The practice of Corporate Governance in Exide is at three

interlinked levels:

i. Strategic supervision - by the Board of Directors

ii. Strategic management - by the Executive Committee

iii. Executive management - by the Divisional Head of the

business.

This three-tier structure ensures that strategic supervision on behalf of

the shareholders being free from the task of strategic management,

can be conducted by the Board with objectivity thereby sharpening

accountability of the management. Further, strategic management


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being free from the task of day-to-day executive management,

remains focussed and energised. The structure also ensures that

executive management of the divisions, being free from the collective

strategic responsibilities for Exide as a whole, is focused on enhancing

the quality, efficiency and effectiveness of each business.

The core roles of the key entities flow from the structure. The core

roles, in turn, determine the core responsibilities of each entity. In

order to discharge such responsibilities, each entity is empowered

formally with requisite powers.

The structure, processes and practice of governance enables focus on

the Corporate purpose while simultaneously facilitating effective

management of the diverse businesses within the portfolio.

Corporate Social Responsibility Policy

In line with our vision of being recognized by society as a responsible

corporate citizen the following shall be our policy

Exide shall successfully combine shareholder value with

environmental and social responsibility.

CSR is considered as one of the key business processes, which

has been identified by the management and considered critical

to be a successful organization. Exide shall also establish the

sub-processes to internalize this key process with a mechanism

to measure and control the effectiveness.

The Policy is to help people through a sustainable model, in such

a way that they are able to stand on their own feet and can

participate in the economy through their enhanced capacities.


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Exide firmly commits itself to do its business in a responsible and

ethical way, so that a positive impact is created on society and

all its stake holders.

Automotive Export

Automotive

Exide Industries India is of the largest manufacturers of Lead

Acid Storage Batteries in World, marketing its products to

Western Europe, Middle East, Africa, South America, SAARC and

South East Asian Countries.

EXIDE*, CHLORIDE, INDEX, DYNEX, Standard Furukawa, SFSONIC, JUPITER, CONREX are all brands in which we market our

products globally.

The company has a technical collaboration with Shin Kobe Denki,

Japan, the makers of the Hitachi brand of batteries, and

Furukawa Battery Company, Japan

Exide India has its own R&D Centre, which is continuously

designing and developing batteries for International and

Domestic market.

ISO/TS 16949 give the entire literature.

Exide are the OEM suppliers to almost every car manufacturer of

repute - E.g.: General Motors, Toyota, Hyundai, TATA Motors ,

Maruti, FIAT, Leyland, Renault, Honda to name a few. Almost


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80% of car manufactured in India are fitted with a battery

manufactured by us.

Contact

Exide Industries Limited

Registered Office: 59E, Chowringee Road, Kolkata, India. PIN-700020

International Marketing Office: 6A, Hatibagan Road, Kolkata, India. PIN-

700014

Tel: + 91 33 2286 6134 / 1860, Tel/Fax: + 91 33 2286 6138

For technical details and enquiries please write to:

[email protected]

Industrial Export

We Manufacture
mailto:[email protected]:[email protected]


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Our Production Range

Golf Cart Battery OPzS VRLA For Telecom Plante

Tabular For

Inverters

VRLA For UPS

System

Traction Railway Starter

Miner's Cap Lamp


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Stand By -15 Ah to 5000 AhMotive Power -64 Ah to 1550 Ah

(BS & DIN RANGE)VRLA -7 Ah to 5000 AhMono Block- -6v

-12

-60 Ah to 225 Ah

-39 Ah to 200 AhMono Block- -4v -9 Ah to 12 Ah

Our Global Presence


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Manufacturing facilities


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Our Products

Exide

The brand name embodies the values of excellence, commitment,

dependability and service, which has shaped its, character -leadership,is a continuing responsibility.

SF Sonic

Characterized by power at its peak throughout its lifetime, SF Sonic is

the ultimate in power-packed batteries. Backed by the technology ofthe world famous Furukawa Battery of Japan, SF Sonic has a formidable

line up of models for all types of 4 wheelers and 2 wheelers on Indian

roads. You can get vital information on cutting-edge Furukawa

technologies, great tips on battery maintenance, latest news and

trends of the automobile industry and lots more from this site. Whats

more, you can even enjoy custom built games, download cool wall

papers and screen savers absolutely free.

Industrial

Storage Batteries are an essential requirement to keep electrically

operated equipments going when the mains fail. Railway,


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Telecommunications, Defense, Mining, Hospitals, Airlines Signaling &

Communications..... All depend on Exide to fulfill their needs for

Standby Power. Railway Systems, from Air conditioning, Train Lighting

to Signaling, Diesel Loco Starter, and Electric Multiple Units depend on

Exide to keep running smoothly.Starting with batteries for Fork Lift

Trucks, Golf Carts, Electric Wheel Chairs, etc., Exide has steadily

developed the technology for powering electric vehicles as well as

water vessels driven by battery power. The special power-packs are

considerably lighter and can be recharged faster than conventional

batteries.

Financial Statement

Exide declares increase of 89 % in net profit for 09-2010,

Highlights of 09-10

Net turnover rises 12 per cent to Rs 3,794 crore

Pays 40 per cent final dividend ; annual dividend 100 per cent

ROCE and RONW rise to 42% and 44 per cent respectively

Debt-Equity Ratio at 0.04 : 1

Kolkata, April 28, 2010: Exide Industries Ltd, the countrys largest

lead acid storage battery manufacturer and stored energy solutions

provider, today declared its annual results for the year 2009-10. While

net turnover during the 12-month period rose 12 per cent to Rs 3794

crore, net profit during the same period jumped 89 per cent to Rs 537

crore.

During the fourth quarter of the financial year 09-10, the company

clocked a net turnover of Rs 1028 crore and a net profit of Rs 200

crore, showing a growth of 28 per cent and 88 per cent respectively

over the corresponding period of the previous financial year.

The Exide Industries Ltd Board of Directors, which met in Mumbai

today to approve the financial results declared a final dividend of 40


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per cent. Added to the interim dividend of 60 per cent declared earlier

during the year, this takes the total dividend payment during the

financial year 2009-10 to 100 per cent.

Exide continues its steady growth

Highlights of 08-09

Turnover rises 17 per cent to Rs 4233 crore

Pays 20 per cent final dividend; full year dividend payout 60 per cent

Automotive sales cross 14 million batteries

Industrial battery sales cross 1.3 billion amp hours

Haldia Factory wins the prestigious TPM Award.

exide bettry

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