Profile of CG Power and Industrial Solutions Limited
CG Power and Industrial Solutions Limited was established in 1937. It is a member of the Gautam
Thapar
led group of companies, AVANTHA. Since its inception, the Company has
assiduously
endeavoured to bring about meaningful & revolutionary changes in the lives of
people,
through its wide spectrum of products and services.
The company's origins go back to two entrepreneurial ventures in the 19th century.
One of them was an English firm by the name of R.E.B. Crompton & Company, which
was founded in 1878 by Colonel Rookes Evelyn Bell Crompton, a renowned electrical
engineer. The other was James Greaves & Company (JGC), an Indian firm that was
established
in 1858. JGC went into a partnership with George Cotton, an agent of the East India
Company, to set up a venture called Greaves Cotton & Company. In 1927, Crompton
& Company merged with F. A. Parkinson, pioneers in the field of large-scale
industrial
engineering to form a new company, Crompton Parkinson. Crompton Parkinson, UK, set
up a factory in Worli, Bombay, for the manufacture of small electric motors and
ceiling fans under the style Crompton Parkinson Works (India) Ltd. A marketing
organisation
under the banner, Greaves Cotton and Crompton Parkinson (Pvt.) Ltd. was established
simultaneously with Greaves Cotton & Co., the selling agents of Crompton Parkinson
Works (India).
From the beginning, R.E.B. Crompton & Company had focused on generation of
electricity,
with lighting making up a significant part of its activities. A Crompton dynamo
powered the first electric-lit house in the world at Colchester, Essex. The company
set up arc lighting plants at Buckingham Palace, Holyrod Palace, Crystal Palace
and King's Cross Station, London.
Today, CG Power and Industrial Solutions Limited has three strategic business units (SBUs)
namely; Power Systems, Industrial Systems, Consumer Products and Automations.
This group includes the Transformers, Switchgear and Engineering Projects businesses
of CG Power and Industrial Solutions Limited. It involves the manufacture of power and
distribution transformers,
switchgear, lightning arrestors, circuit breakers, substation equipment and
design,
servicing, power solutions and execution of turnkey T&D and substation projects.
Its manufacturing facilities are located in different parts of India.
CG Power and Industrial Solutions Limited has become the first company in India to indigenously
manufacture an 800 kV class power transformer for NTPC's Sipat Power Project, in
Chattisgarh.
This group consists of HT and LT Motors, FHP Motors, Alternators, Drives, Stampings,
Railway Transportation and Signalling equipment. The manufacturing facilities are
spread across India.
This group is in the business of Fans, Light Sources and Luminaires, Pumps and
Household
Electrical Appliances such as geysers, mixers, grinders, toasters and lanterns with
plants based at a few locations in India.
International Acquisitions
CG is one of the largest suppliers from India in each segment of Transformers,
Switchgear,
Motors & Generators, Pumps, Fans and Lighting equipment. Its manufacturing and
marketing
superiority is spread over 140 sales offices worldwide. Apart from developed
countries,
CG also enjoys an export presence in the emerging Southeast Asian and Latin American
countries.
CG Power and Industrial Solutions Limited as an organisation remains committed to:
1. The highest levels of Corporate Governance and seeks to achieve a healthy
blend of performance with conformance; creating the environment and the means
through
which corporate objectives are attained.
2. The Company is committed to maintaining high standards of ethical
behaviour
and Corporate Governance.
3. The Company is committed to serving its shareholders with honesty,
fairness
and integrity.
4. The 5 CG Values of Performance Excellence; Leading Edge Knowledge;
Nurturance;
Customer Orientation and Intellectual Honesty are well entrenched in the performance
culture of the Company and permeates all actions of its employees.
5. The Company strives to achieve well-defined levels of Business Excellence
by continuously benchmarking itself against standards like the CII-Exim Bank
Business
Excellence Model and the CII HR Excellence Model.
6. The Company has aggressively increased its initiatives in Community
Development
through declaration of a formal 'Statement of intent' on Corporate Social
Responsibility
and has taken concrete steps in fulfilling its plans.
CG Power and Industrial Solutions Limited
Corporate Communications - Mumbai.
November 22, 2007.