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Exide Industries Limited was founded in 1947, with its headquarters in Kolkata, West Bengal. Exide Industries is a storage battery producing and life insurance company. It is the largest lead battery manufacturing company in the country. Exide holds the fourth position in manufacturing worldwide. Exide Industries has its dealership network spanning 46 countries across 5 continents. The company also has four major lead battery recycling facilities.
Exide Industries Annual Report shows that ING Vysya Life Insurance Company’s name was changed to Exide Life Insurance Company Limited in 2014. Exide Industries Stock is traded in both BSE and NSE. The company has revenue of Rs.9186 crore as of 2018.
Exide Industries manufactures the broadest range of storage batteries globally in its seven factories located across the country. Aspex Batteries Limited, Chloride Alloys India Limited, Dynex, and Associated Battery Manufacturers Limited are some of Exide Industries Limited subsidiaries.
Exide manufactures tubular solar batteries by selectively chosen alloy and high-pressure casting in HADI machines. The features of the battery are:
Exide manufactures superior quality and tested submarine batteries. Exide supplies indigenous submarine batteries to the Indian Navy. Exide meets 100% demand of the Indian navy. Exide also exports the batteries with the permission of the Indian Government.
The major projects of Exide are:
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