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Somany Home Innovation Stock Fundamental Analysis - Financial Results & Equity Research | Invest Yadnya Stock-o-Meter

Hindware Home Innovation


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Sector: Refineries

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Somany Home Innovations Ltd. (SHIL) is a newly created Corporate Entity of HSIL Limited, vastly recognised by its Brand Hindware, a leading name in the Indian market. SHIL was incorporated as a public unlisted company under the Companies Act, 2013 on 28 September 2017 in Kolkata, West Bengal. Pursuant to the Composite Scheme of Arrangement approved by the National Company Law Tribunal, Kolkata Bench, the marketing and distribution of Consumer Products and Retail divisions of HSIL Limited (HSIL) were demerged from HSIL and vested into SHIL.

Further, the marketing and distribution of Building Products of HSIL is vested into Brilloca Limited, a wholly-owned subsidiary of SHIL. The Company’s equity shares were listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on 26 December 2019.

SHIL is focused on servicing end-consumers in the market and is involved in branding, marketing, sales, distribution, trading, service etc. of Consumer Appliances under the Brand name ‘Hindware’, ‘Moonbow’ and Furniture Retail Business under the Brand name ‘Evok’.

Business area of the company

The company’s Consumer Products portfolio consists of a selection of household appliances. The kitchen appliances, such as kitchen chimneys, cooker hoods, built-in hobs, cooktops, built-in ovens, sinks under the brand Hindware Kitchen Ensemble are leaders in numerous categories. Its brand Hindware Atlantic houses water heaters whereas its brand Moonbow by Hindware houses water purifiers and air purifiers. It sells air coolers and ceiling fans under brand Hindware Snowcrest.

Also, the company forayed into the furniture and kitchen fittings segment, through a strategic marketing tie-up with Italian company, Formenti & Giovenzana www.fgv.it. The collaboration is operational under brand FGV powered by Hindware and enables the company to distribute a wide range of quality and functional hardware products in India, for the modern furniture and modular kitchens, such as normal and soft close hinges, side and bottom mounted drawer channels and drawer systems.

  • Hindware Kitchen Ensemble
  • Hindware Atlantic Water Heaters
  • Hindware Snowcrest Air Coolers
  • Moonbow by Hindware
  • Hindware Snowcrest Fans
  • FGV by hindware
  • 2019-20: The Extraordinaire Brand Hindware Appliances: Hindware Appliances participated in the Nexbrand’s 5th Annual Brand Vision Summit and Awards 2019-20. The Summit honoured the most influential people and brands from across industries who have proven their mettle and emerged as ‘The Extraordinaire’.
  • 2019: Product of the Year ‘Achelous Premium Water Purifier & Adonia Hob’: Hindware Kitchen Ensemble Adonia Built-in Hob and Moonbow by Hindware Achelous Premium Water Purifier won the Product of the Year 2019 award for best product innovation in the respective categories.
  • 2019: Fastest Growing Consumer Appliances Brand ‘Hindware Appliances’: The title of ‘Fastest Growing Consumer Appliances Brand 2018-19’ was bestowed to Hindware Appliances during the 12th edition of Asian Business & Social Forum 2019 held at Mumbai and organised by AsiaOne magazine and URS Media International.
Brands Of Hindware Home Innovation

Brands Of Hindware Home Innovation



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