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If you’re on this page, you must be looking for the best consumer durable companies. Here is the curated list of the best consumer durable companies in India. Stay Tuned till the end.
Consumer durables are defined as goods with a useful life of more than three years that are used for personal, family, or household purposes.
In India, the consumer durables sector is classified into brown goods and white goods.
Brown goods include products such as televisions, DVD players, and home theater systems, while white goods include products such as refrigerators, washing machines, and air conditioners.
The consumer durables sector in India has been growing at a rapid pace in recent years, driven by a number of factors such as rising income levels, easy access to financing, and increased urbanization.
As a result, a number of consumer durables companies have been set up in India in order to tap into this growing market. Some of the leading consumer durables companies in India include LG, Samsung, Godrej, and Voltas.
The consumer durables sector is expected to continue to grow in India in the coming years, driven by factors such as the growing middle class, rising income levels, and increasing urbanization.
This growth is likely to provide a boost to the consumer durables companies operating in India, helping them to further expand their businesses and tap into new markets.
There are several consumer durable companies in India that manufacture and distribute such products.
The market of the industry reached about 3 trillion in the year 2020. Apart from this, India is also a rapidly growing country in the electronics field.
Also interested in more Indian Companies? Here are the best Indian Companies.
15 Best Consumer Durable Companies in India
Here is the list of the top consumer durable companies in India that you should not miss in 2023.
So without further ado, let’s take a quick look at the top consumer durable companies in India.
1. Blue Star Ltd.
Blue Star Limited is a leading refrigerator company. The company is also the leading producer of air conditioning systems in India. Apart from this, it also offers other services like electrical drilling and plumbing. The state-of-the-art technology used in their factories has resulted in high-quality air coolers and purifiers.
The annual revenue is about INR 5405 Cr. with a network of 32 offices spread throughout the country. The total number of employees is around 2800 with 3880 channel officers. They have regular corporate, and commercial clients. The market capital of the company is INR 8232 Cr. with an ROE value of 17.5%.
Their electromechanical project includes the business segment and after-sales segment. Apart from this, their electronic and unitary products are also among the best making it the no. 1 on the list of top consumer durable companies in India.
2. Bajaj Electricals Ltd.
Bajaj Electrical is a renowned company across the globe. The annual turnover of the company as per the reports of FY’18 was INR 6744 Cr. All of their products are made with state-of-the-art technology. The consumer products include fans, lights, and other lighting appliances. It has around 20 branch offices spread around the country.
Their market capital is INR 10,975 Cr. with an ROE value of -0.74%. Their products include home appliances, lighting, and engineering products. Also, reliable retailers and shop owners assure that the values of these products are carried to the customers. Starlite Lighting is one of its subsidiaries.
Apart from domestic sales, they also export their products to more than 5 countries including UAE and the British. Since all of their products have the latest designs and quality, make they on no. 2 on the list of top consumer durable companies in India.
3. Crompton Greaves Consumer Electrical Limited
Crompton Greaves has stayed in the position of prominence for almost 75 years now. As of March 2020, their annual revenue was 45 billion USD. All of their products are segregated under two business segments – lighting and electrical consumer durables.
With a market capitalization of INR 24,171 Cr. and an ROE value of 38.7 percent, the company has 1500 strong and highly skilled employees. Their total annual revenue is 140 Billion. Some of the products that dominate their sales are transformers, lights, HT, and MT pumps along with railway signaling.
Their innovative and latest designs have gained recognition from customers globally.
4. Godrej and Boyce Mfg. Company Limited
Godrej has excelled in performance since its year of establishment with over 616 million active consumers in the country. It has also contributed to Indian economic growth as well as the development of its stakeholders.
It is the first Indian company to be nominated for the global cooling price. Their total revenue as of the reports released in 2019-2020 is about INR 11,500 Cr. Their most trusted segments have products such as lighting and security solutions. The company has set global footprints in around 5 continents with its international subsidiaries and affairs.
The current ROE value of the company is 20.5% and has thousands of employees working actively for the company’s development. Partnering with the country’s satellite launches and other aviation projects has won many people’s trust. Therefore, it’s one of the best consumer durable companies in India.
5. Philips India Limited
Philips India Ltd. is a Dutch international conglomerate headquartered in Amsterdam. They are among the top consumer durable companies in the world. Some of their renowned and most purchased products include radios, shavers, bulbs, etc., Their healthcare services include clinical informatics, imaging systems like CT and MRI, diagnostic monitoring, and defibrillators.
Many initiatives are taken by the company for improving environmental conditions. The total revenue of the company is 19.48 Bn Euros with a total operating income of 1.644 Bn Euros. The company has around 81000 employees with an asset value equity value of 12.625 Bn Euros respectively.
Their innovations and new techniques have brought fame and the position they are in today makes them one of the top consumer durable companies in India.
6. Whirlpool Corporation Limited
Whirlpool entered the Indian state only in the late 1980s as an association with the TVS group. They established their first factory in the union territory of Pondicherry for manufacturing and distributing washing machines with facilities at Pune, Pondicherry, and Faridabad.
Their vision is to create happier homes in the country with many products including air conditioners, washing machines, refrigerators, and imaging equipment. They have world-class dealers and retailers to ensure consumer satisfaction.
The company’s total revenue is about 21.25 billion USD with an operating income of 1.13 billion USD. The market capital and ROE values are 30,604 C INR and 20.3 respectively. They have crossed milestones with their brand philosophy to serve customers from around the world with their state-of-the-art technology.
7. Voltas Ltd.
Voltas is an expert in building market leadership with innovative solutions and are a unit of the famous TATA group. It is a multinational home appliance company with highly rated air conditioners and cooling systems. Their project businesses have two segments for working. One is the domestic segment and the other is an international segment.
They provide cutting-edge quality products to ensure profitability. Some of their most purchased products are air conditioners, air and water purifiers, water dispensers, cleaners, etc. Their work had been commended by a lot of awards from reputed organizations.
Its total revenue is 66 billion USD and has an employee strength of about 10,000 people. Their total asset and equity values are 47.45 and 18.9 billion USD. The company has a market capitalization of INR 33.897 Cr. with an ROE value of 13.1% making them one of the top consumer durable companies in India.
8. Dixon Technologies (India) Limited
Dixon Technologies has their main focus is to design best-in-class products for its consumers. Some of their famous products are mobile appliances, security surveillance systems, and medical electronics which are used in houses and hospitals across the world.
Their set-top box is most appreciated among the recent works. Apart from consumer durable products, they are excellent manufacturers and distributors of home appliances and lighting. Their total market capitalization is about INR 23,251 Cr. with an ROE value of 26.2%.
For years now, they have excelled in their performance by serving its customer’s high-quality products and creating a positive impact on society. Therefore, they secure 8th position on the list of top consumer durable companies in India.
9. IFB Industries Limited
With a passion to excel in quality and service to be in consonance with global standards, IFB has been in the market for many years now. It is a renowned company with a home appliances branch in Kolkata and Verna (Goa).
Some of their products that have a high market are laundry objects, kitchen wares, and washing machines. Their market capital is INR 4206 Cr. with an ROE value of 41.8%. With a total sales turnover of 2551 Cr. in the last year, they are one of the top best consumer durable companies in India.
10. Honeywell Automation
Honeywell Automation India Limited or HAIL is a multinational company with a registered office in Pune. It is a leading company in the country providing software solutions.
Total market capital is INR 40188 Cr. The company’s ROE value is 25.0%. Apart from computers, printers, and other consumer durable products, they are excellent aerospace manufacturers.
All of their products are at reasonable prices with a good warranty period. Air conditioners and fans are sold for both commercial and non-commercial purposes.
11. Amber Enterprises
Amber Enterprise is a company that designs and manufactures RACs and indoor units. Air conditioner components, refrigerators, plastic extrusion sheets, and also microwave ovens are some of their most purchased products. Even some medical equipment is being processed and produced by the company recently.
The company’s total sales turnover as per the reports for 2020 is INR 3002.74 Cr. With a market capitalization of INR 10,183 Cr., the present ROE value is 15.7%.
It is an ODM industry in India with a good field reputation. Many renowned companies are regular customers of their electronic products.
12. Hitachi Global
Hitachi is a Japanese multinational company with the 129th position in the Global Fortune 500 companies. The company’s first product was an induction motor. They manufacture and distribute automotive systems, construction machinery, defense systems, digital media products, and many others.
Their electronic segment has many types of equipment including particle therapy and cell therapy equipment bought by many hospitals across the globe. Wires and cables are also sold and exported around the countries. Among the companies that provide social and infrastructural system facilities like elevators and escalators, Hitachi is one of the best consumer durable companies in India.
The group has many subsidiaries spread around many nations including India. They also provide information technology solutions, mobility solutions, and smart living solutions. Their unit Johnson controls in India has a market capitalization of INR 7,579 Cr. and an ROE value of 13.1% and designs some of the best air conditioners in the world.
13. Orient Electrical
Orient Electrical ventured into the consumer durable industry in 2011 and has excelled in performance since then. They are known for their innovative, new products in the market. Some of them are emergency LED bulbs, inverter fans, and UV sanitary machines. They have the business super-brand award.
The company’s market capitalization is INR 5,835 Cr. with an ROE value of 23.7%. Its total worth is 2.4 billion USD. It has around 900 employees.
Their main motive and vision are to make accessible products by ensuring profitable products for consumers from around the globe.
Prestige is an Indian company manufacturing kitchen appliances and cookware under the prestige brand. Some of their products rated high in the market are pressure and induction cookers, mixer grinders, glass tops, and electrical cookers.
The total revenue is about INR 1,746.45 Cr. with an operating income of INR 352.26 Cr. All of their products come under kitchen appliances and are trusted by about 60% of regular and repeat customers.
The company has also received the power brand award for its work in the field.
15. Hamilton Housewares
Hamilton Housewares is among the undisputed leading ones in the homeware segment with over 30 years of experience in the field. Some of their famous brands are Milton, Treo, Claro, and Sportzero. They supply cookware, glassware, writing instruments, and durable cleaning solutions.
They have received many national awards under the consumer durable category. Their operating income is INR 500 Cr. with a net worth of 29% of the operating income.
End Words on Best Consumer Durable Companies in India
Some of the above companies have extended their control over other units apart from those mentioned. The position is given based on the company’s performance in the industry and its total revenue.