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|Industry||Battery manufacturing, submarine battery, home UPS|
|Headquarters||Kolkata, West Bengal, India|
Bharat Dhirajlal Shah |
|Owner||Rajan Raheja Group|
Exide Industries Limited is a storage battery producing company and a life insurance company headquartered in Kolkata, India. It manufactures automotive and industrial lead-acid batteries. It has plants in India and Sri Lanka. in January 2013, Exide Industries acquired 100% of the equity capital of ING Vysya Life Insurance. In May 2014, the name of ING Vysya Life Insurance Company Limited was changed to Exide Life Insurance Company Limited.
This company was incorporated as Associated Battery Makers (Eastern) Ltd., on 31 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 the one part and the company of the other part. The name of the company was changed to Chloride India Ltd. on 2 August 1972. The name of the company was again changed to Chloride Industries Ltd. vide fresh Certificate of Incorporation dated 12 October 1988. The company was further changed to Exide Industries Ltd. on 25 August 1995.
The company manufactures the widest range of storage batteries in the world from 2.5 Ah to 20,600 Ah capacity, covering the broadest spectrum of applications. The company has seven factories located across the country – two in Maharashtra, two in West Bengal - Shamnagar (Mother plant) & Haldia, one in Tamil Nadu Hosur, one in Haryana and two in Uttarakhand. The company’s 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-based parent, Chloride Group Plc., in 1989, after the latter divested its ownership in favour of a group of Indian shareholders.
Exide is the only company which provide submarine batteries to Indian Navy.
R&D work is carried out on various facets of lead-acid battery technology, which include development of new products for applications such as Automotive, Motorbike, VRLA, Telecom, UPS, Railways, Defence, etc. primarily to make the product range internationally competitive. In addition, the R&D is engaged in projects embracing process technology aimed at - improving the product quality & consistency, production efficiency and material utilization. Furthermore, R&D programme includes improvement and indigenisation of materials such as metals, alloys, plastics, etc. R&D emphasis is on studying and improving the environmental aspects associate with the manufacturing process.
Exide R&D centre is also equipped with a Tool-Room, CAD facilities, material testing and laboratories having equipment for testing of the raw materials and components used for manufacture of batteries. These include optical emission Spectrometer, Particle Size Analyzer, Porosemeter, Image Analyzer Workstation, Profile Projector, Universal Tensile testing machine, etc.
The R&D personnel work in the following functional areas:
The continuous research efforts have enabled Exide to patent new processes and grid structures for batteries in India.Design Patent on leak resistant Automotive Battery|| India || 2001
|Process for fabricating a grid structure for Cadmium Sulphide / Cuprous Sulphide cell||India||1978|
|Improved Dry Charged process for Drying Formed Negative||India||1978|
|Process for manufacturing micro-porous polymeric material.||India||1979|
|Micro-porous polymeric material for Miners’ Cap Lamp batteries and Process for preparation thereof||India||1981|
|Automotive Battery Grid||India||1981|
|Method of manufacturing lead based alloy||India||1983|
|Method of making lead acid storage battery grid||India||1986|
|Method of producing low antimony content tubular grid for positive electrodes of lead acid storage batteries||India||1988|
|Design patent on 75D31R/95D31 RMF Battery (Jointly with Shinkobe)||India||1998|
Some of the major development work done at the R&D Centre and viewed at a glance is as follows:
1916- 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, Pune
1972- The name of the Company was changed to Chloride India Limited
1976- R&D Centre established at Calcutta
1981- Third factory at Haldia, West Bengal
1988- 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 Limited
1997- Fourth factory at Hosur, Tamil Nadu
1998- Acquisition of industrial/ manufacturing units of Standard Batteries Ltd located at Taloja & Kanjurmarg (Maharashtra), Guindy (Tamil Nadu) and plant at Ahmednagar (Maharashtra) from Cosepa Fiscal Industries Limited as a going concern.
1999- Acquired 51% Shareholding in Caldyne Automatics Ltd
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.
2009- Divestment of shareholding in CEIL Motive Power Pty Ltd.
2012- Acquisition of Inverter manufacturing facility at Roorkee, Uttarakhand
2012- Technical Collaboration with East Penn Manufacturing Co., USA
2012- Acquisition of second Inverter manufacturing facility at Haridwar, Uttarakhand.
2012- Acquisition of balance 49% shares in ESPEX Batteries Limited, UK.
2013- Acquisition of 26% shares of ING Vysya Life Insurance Company adding a total of 100% stake leading to "Exide Life Insurance Company".