Exide Revenue and Competitors

Since its inception in 1880, Exide remains the first and foremost battery brand in India. Exide's journey dates back to as far as the 1880s when the automobile battery was at its infancy and evolving to maturity step by step. While the lead acid battery had been discovered in 1860, storage batteries began to be produced by Mather & Platt in the 1880s. Evolving into Excellence: During World War I, Chloride engineers developed a lightweight, non-spillage battery to operate thousands of airplane radio sets and numerous radio stations. In 1934, an Exide deep-cycle battery was the sole source of electrical power at a military base in Antarctica. Exide batteries also provided power for Piccard's balloon flight. The Company was incorporated as Associated Battery Makers (Eastern) Ltd., on 31st January, 1947 under the Companies Act, 1913 The name of the Company was changed to Chloride India Ltd on 2nd August, 1972. The name of the Company was further changed to Exide Industries Ltd. on 25th August, 1995. The Company manufactures the widest range of storage batteries in the world from 2.5 Ah to 20,400 Ah capacity, covering the broadest spectrum of applications. The Company has also recently forayed into manufacture and sale of Home UPS/Inverters. The Company has seven battery manufacturing facilities strategically located across the country – three in Maharashtra, two in West Bengal, one in Tamil Nadu and one in Haryana also two Home UPS/Inverter manufacturing facilities 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.