Merger of Crompton Greaves Consumer Electricals Ltd and Butterfly Gandhimathi Appliances Ltd. put on hold after the results of shareholders voting, Both of the companies will operate as separate entities. The companies will leverage the synergy and use each other's products to maximise output, the companies will also strengthen their positions in the market.
The "Crompton" and "Butterfly" brands will be included in the kitchen appliances segment strategy, which is anticipated to yield notable growth in the coming years.
Through this initiative, shareholders of both companies can contribute to the long-term development and generation of value. The company is still well-positioned in key sectors like fans, residential pumps, water heaters, air coolers, and more under Crompton's 2.0 strategy.
Crompton Greaves Consumer Electricals Ltd. is a prominent player in the fans and residential pump segments with a legacy spanning over eight decades. Over time, the company has developed a diverse range of products, including water heaters, dust-resistant fans, antibacterial LED lights, air coolers, electric kettles, food processors, and irons. These offerings have contributed to its competitive position in the market and have the potential to support its growth in these areas in the future.