 | |
| Type | Public |
|---|---|
| BSE: 543482 | |
| Industry | Home appliances |
| Founded | 1982 |
| Headquarters | Mumbai, Maharashtra, India |
Key people | Pratik Pota (MD & CEO) |
| Products | |
| Brands |
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| Parent |
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| Website | eurekaforbes |
Eureka Forbes Limited is an Indian multinational home appliances company based in Mumbai. It makes water purification devices, vacuum cleaners, air purification systems, and home security products. [2]
Eureka Forbes was founded in 1982 as a 60:40 joint venture between Tata Group's Forbes & Company and Swedish manufacturer Electrolux. In 2001, Tata Group sold Forbes & Company to Shapoorji Pallonji Group and, four years later, Electrolux sold its 40% stake in Eureka Forbes to Forbes & Company. [3]
In 2010, Eureka Forbes acquired a 25% stake in Swiss consumer products company Lux International. In 2013, Eureka Forbes increased its stake to become the controlling shareholder in Lux International. [4]
In 2022, Advent International bought out Shapoorji Pallonji Group's entire stake in Eureka Forbes, after Eureka Forbes was separated from Forbes & Company and listed on the BSE. [5] [6]
In 2000, the Eureka Forbes Institute of Environment (EFIE) was founded. It is a registered public charitable organization that creates and supports social initiatives. [7]
Eureka Forbes in association with National Society for Equal Opportunities for the Handicapped NASEOH launched EuroAble, a call center manned by people with special needs. [8] It is also involved with 'Nana Nani Parks', which provides recreational facilities for senior citizens, [9] and has worked with World Vision to provide water filter units for free drinking water kiosks in public places. They also have initiated the 'Jagrut MumbaikarJagrut Mumbaikar' program, with the police and fire brigade, which provides self-help information for citizens. [10]
Electrolux AB is a Swedish multinational home appliance manufacturer, headquartered in Stockholm. It is consistently ranked the world's second largest appliance maker by units sold, after Whirlpool.
Ratan Naval Tata is an Indian industrialist, philanthropist and former chairman of Tata Sons. He was a chairman of the Tata Group from 1990 to 2012, and interim chairman from October 2016 through February 2017. He continues to head its charitable trusts. In 2008, he received the Padma Vibhushan, the second highest civilian honour in India, after receiving the Padma Bhushan, the third highest civilian honour in 2000.
Ajay Gopikisan Piramal is an Indian billionaire businessman, and the chairman of the Piramal Group, a conglomerate with interests in pharmaceutical, financial services, real estate, healthcare analytics and glass packaging. As of September 2022, his net worth was estimated at US$3 billion.
Pallonji Shapoorji Mistry was an Indian-born Irish billionaire construction tycoon. He was chairman of the Shapoorji Pallonji Group and a major shareholder of India's largest private conglomerate, Tata Group. He was one of the world's wealthiest people.
The Airoli Bridge is a bridge in the Mumbai Metropolitan Region of India. It was constructed to establish a direct road link between Mumbai and Navi Mumbai.
The National Centre for the Performing Arts (NCPA) is a multi-venue, multi-purpose cultural centre in Mumbai, India, which aims to promote and preserve India's heritage of music, dance, theatre, film, literature and photography. It also presents new and innovative work in the performing arts field.
Aerus LLC, formerly Electrolux Corp. USA, manufactures air and surface purifiers, water filtration and treatment systems, and vacuum cleaners. It is headquartered in Bristol, Virginia and has over 500 independently owned franchises in the U.S. and Canada. Aerus is the successor to Electrolux USA, the iconic manufacturer of vacuum cleaners. However, the Electrolux name is now used in the U.S. by the Electrolux Group of Sweden, which until 2016 also manufactured Eureka vacuum cleaners.
Bharat Petroleum Corporation Limited (BPCL) is an Indian public sector undertaking under the ownership of the Ministry of Petroleum and Natural Gas,Government of India. It operates three refineries in Bina, Kochi and Mumbai. BPCL is India's second-largest government-owned downstream oil producer, whose operations are overseen by the Ministry of Petroleum and Natural Gas. It was ranked 309th on the 2020 Fortune list of the world's biggest Public sector undertakings in India, and 792nd on Forbes's 2021 "Global 2000" list.
Tata Sons Pvt. Ltd. is the parent company of the Tata Group and holds the bulk of shareholding in the Tata group of companies including their land holdings across India, tea estates and steel plants. It is a privately owned conglomerate of nearly 100 companies encompassing several primary business sectors, including: chemicals, consumer products, energy, engineering, information systems, materials, and services. Its headquarters are in Mumbai.
Bisleri International is an Indian multinational company which is best known for the eponymous brand of bottled water. The company was started in the 1970s by Ramesh Chauhan, and sells bottled water and soft drinks.
Feroz Abbas Khan is an Indian theatre and film director, playwright and screenwriter, who is most known for directing plays like Mughal-e-Azam, Saalgirah, Tumhari Amrita (1992), Salesman Ramlal and Gandhi Viruddh Gandhi.
Forbes & Company Limited, the erstwhile Forbes Gokak Limited, is an Indian engineering, shipping and logistics company based in Mumbai. It was established by John Forbes of Aberdeenshire, Scotland in 1767 in India. Over years, the management of the company moved from the Forbes family to the Campbells, to the Tata Group, and finally to the Shapoorji Pallonji Group. It is one of the oldest companies of India and has been listed on the Bombay Stock Exchange since 1919.
The Tata Swach is a water purifier developed by Tata Chemicals, a part of the Tata group in India. Swach was designed as a low cost purifier for Indian low-income groups, who lack access to safe drinking water. The product is sold in three variants as Tata Swach, Tata Swach Smart and Tata Swach Smart Magic.
Cyrus Pallonji Mistry was an Indian born Irish businessman. He was the chairman of the Tata Group, an Indian business conglomerate, from 2012 to 2016. He was the sixth chairman of the group, and only the second not to bear the surname Tata. In mid-2012, he was chosen by a selection panel to head the Tata Group and took charge in December that year. In October 2016, the board of Tata Group's holding company, Tata Sons, voted to remove Mistry from the post of chairman. Former chairman Ratan Tata then returned as interim chairman, and Natarajan Chandrasekaran was named as the new chairman a few months later. However, in December 2019, the National Company Law Appellate Tribunal (NCLAT) declared the appointment of Chandrasekaran as executive chairman illegal, and restored Mistry. However, the Supreme Court stayed NCLAT's order on 10 January 2020. Mistry had filed a cross-appeal in the court, seeking explanations for anomalies in the NCLAT. However, the Supreme Court upheld his dismissal.
Shapoorji Pallonji & Company Private Limited, trading as Shapoorji Pallonji Group, is an Indian conglomerate headquartered in Mumbai. It operates in construction, real estate, textiles, engineered goods, home appliances, shipping, publications, power, and biotechnology. The company was headed by a grandson of founder Pallonji Mistry, also named Pallonji Mistry, until 2012, when he announced his retirement and the succession of his son, Shapoor Mistry.
Midea Group is a Chinese electrical appliance manufacturer, headquartered in Beijiao town, Shunde District, Foshan, Guangdong and listed on Shenzhen Stock Exchange. As of 2021, the firm employs approximately 150,000 people in China and overseas with 200 subsidiaries and over 60 overseas branches. Midea Group is listed on Shenzhen Stock Exchange since 2013. It has been listed on the Fortune Global 500 since July 2016. Midea produces lighting, water appliances, floor care, small kitchen appliances, laundry, large cooking appliances, and refrigeration appliances. It is the largest microwave oven manufacturer, and acts an OEM for many brands. It also has a long history in producing home and commercial products in heating, ventilation and air conditioning (HVAC). It is the world's largest producer of robots and appliances.
Shapoorji Mistry was an Indian businessman, and the founder of the Shapoorji Pallonji Group. He is the father of Pallonji Mistry. Shapoorji Mistry's grandson Cyrus Mistry was the Chairman of Tata Sons. The Shapoorji Pallonji Group is one of India's leading industrial conglomerate and a major construction company.
Tata Textile Mills was a textile mills business of Tata Group, with its head office in Bombay. It consisted of four textile mills; namely, Central India Mills also popularly known as Empress Mills in Nagpur, the Svadeshi Mills in Bombay, the Tata Mills in Bombay, and the Advance Mills in Ahmedabad. For several decades the four mills produced and sold fabrics under the much-reputed brand name of Tata Textiles.
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