January 17, 2017 3:28 PM ET

Electrical Equipment

Company Overview of V-Guard Industries Limited

Company Overview

V-Guard Industries Limited manufactures, trades, and sells electric and electronic goods in India and internationally. The company operates through Electronics, Electrical/Electro Mechanical, and Others segments. It offers a range of products, including voltage stabilizers, digital UPS, inverters and inverter batteries, electric water heaters, solar water heaters, domestic pumps, agricultural pumps, industrial motors, domestic switch gears, distribution boards, wiring cables, industrial cables, induction cooktops, mixer grinders and fans. The company sells its products through distributors, dealers, retailers, and service centers. V-Guard Industries Limited was founded in 1977 and is based i...

42/962, Vennala High School Road

Vennala

Kochi,  682028

India

Founded in 1977

1,804 Employees

Phone:

91 48 4300 5000

Fax:

91 48 4300 5100

Key Executives for V-Guard Industries Limited

Managing Director, Executive Director, Member of Stakeholders Relationship & Share Transfer Committee, Member of Audit Committee and Member of Corporate Social Responsibility Committee
Age: 36
Total Annual Compensation: 4.3M
Chairman and Chairman of Corporate Social Responsibility Committee
Age: 66
Total Annual Compensation: 7.1M
Chief Financial Officer
Age: 57
Total Annual Compensation: 2.2M
Chief Operating Officer and Whole Time Director
Age: 53
Total Annual Compensation: 15.8M
Compliance Officer and Company Secretary
Age: 42
Total Annual Compensation: 1.4M
Compensation as of Fiscal Year 2016.

V-Guard Industries Limited Key Developments

V-Guard Industries Limited - Shareholder/Analyst Call

V-Guard Industries Limited - Shareholder/Analyst Call

V-Guard Industries Limited - Special Call

To discuss impact of demonetization

V-Guard Industries Limited (BSE:532953) looking out for acquisition.

"The company is looking at acquiring companies which are either in its current product category or some of the new product categories it has entered in recently, such as the Kitchen Appliances or adjacent categories. The acquisition would be either to fill a product gap or to increase its network capabilities" said Mithun K Chittilappilly, Managing Director of V-Guard Industries Limited. He also said "We may be looking at companies under INR 500 crore revenue.". The company currently does not have any debt in its book and there is around INR 70-80 crore precash. There is enough headroom to borrow for the acquisition. Besides, the promoter family has around 66% of equity and it is open to dilute the stake if it is required through a Qualified Institutional Placement (QIP). "If the acquisition cost is INR 300-400 crores, we may not dilute stake, we can borrow it," Mithun K Chittilappilly added.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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