Introduction:
With a imaginative and prescient to create a secure and wholesome residing for its customers, Eureka Forbes has evolved superior water purifiers, air purifiers, vacuum cleaners and protection answers structures which can be aimed in the direction of the nicely-being of the society. Being pioneers of water purification structures, the Aquaguard variety constructed with Universal, RO & UV generation guarantee you higher fitness in each drop.
The huge variety of wet & dry, handheld vacuum cleaners provide amazing versatility letting you smooth difficult to attain surfaces with ease. The newly released Hepa variety of Dr. Aeroguard air purifiers with eight degree purification smooth your indoor air resultseasily assisting you breathe easy.
About:
Eureka Forbes Ltd is an Indian multinational patron items agency primarily based totally in Mumbai, India. It became based in 1982 and is part of the Shapoorji Pallonji Group. It offers water purification, devices, vacuum cleaners, air purification structures, and domestic protection merchandise.
In 2000, the Eureka Forbes Institute of Environment (EFIE) became based. It is a registered public charitable employer that creates and helps social initiatives. Eureka Forbes in affiliation with National Society for Equal Opportunities for the Handicapped NASEOH released EuroAble, a name middle manned with the aid of using humans with unique desires.
It is likewise concerned with ‘Nana Nani Parks’, which offers leisure centers for senior citizens, and has labored with World Vision to offer water clear out out gadgets at no cost consuming water kiosks in public places. They additionally have initiated the ‘Jagrut Mumbaikar’ program, with the police and hearthplace brigade, which offers self-assist facts for citizens.
Eureka Forbes has been a pioneer and trendsetter in direct income in India and is one in all the most important direct-promoting groups withinside the global today. Our direct income pressure is over 10,000+ sturdy and operates from 150+ Customer Response Centers in over one hundred twenty towns and cities throughout the country. The award-prevailing Aquaguard is the flagship water cleanser emblem of Eureka Forbes. Our award-prevailing Forbes Vacuum cleaners are marketplace leaders. For nearly four a long time, we had been a real buddy for existence and now no longer simplest have we stated this, however additionally supported our promise of friendship in all our actions.
Founder & Team:
Founded as a joint project project among the Forbes and Campbell (a Tata Group agency) and Electrolux of Sweden, Eureka Forbes is a multi-product, multi-channel employer. A former a part of the nicely famend Shapoorji Pallonji Group, Eureka Forbes is India’s main fitness and hygiene emblem.
In addition to being one in all Asia’s biggest direct income forces, it has retail, institutional and e-trade channels, an resourceful franchise enterprise companion network, a rural channel and one of the maximum expansive provider networks in India.
History:
Our Company became included as Forbes Water Limited on November 26, 2008 beneathneath the Companies Act, 1956 with the Registrar of Companies, Mumbai and the call became modified to Forbes Enviro Solutions Limited vide Certificate of Incorporation dated January 12, 2010 issued with the aid of using the aforesaid Registrar of Companies. Subsequently, the call of the Company became modified to Eureka Forbes Limited pursuant to Scheme of Arrangement and the fresh Certificate of Incorporation became issued with the aid of using the Registrar of Companies, Mumbai Maharashtra on February 11, 2022. The Corporate Identity Number of our Company is U27310MH2008PLC188478.
- 2008: Incorporation of the Company.
- 2016: Merger of Radiant Energy Systems Private Limited and Waterwings Equipments Private Limited into the Company.
- 2022: Pursuant to the Scheme, the fitness hygiene and protection answers enterprise department of Erstwhile Eureka Forbes Limited has been demerged according with the Scheme.
Name & Logo:
Revenue:
In FY21, Eureka Forbes’ sales from the fitness, hygiene, protection merchandise and its offerings enterprise stood at ₹2,151 crore, that is, 75% of its overall sales of ₹2,857 crore. On a consolidated foundation, the agency incurred a loss of ₹27.86 crore in FY21.
Funding & Investors:
American non-public fairness corporation Advent International is nearing a deal to gather Eureka Forbes, India’s biggest maker of water purifiers and vacuum cleaners owned with the aid of using the Shapoorji Pallonji (SP) Group. The transaction is about to fee Eureka Forbes at approximately Rs five,000 crore, stated humans with know-how of the matter.
SP had appointed Standard Chartered Bank to discover strategic alternatives for Eureka Forbes, that’s being demerged from the publicly indexed Forbes & Co. The demerger is pending approval from the National Company Law Tribunal. After this, the patron home equipment unit could be bought to Advent. When contacted, each Advent and SP provided no comment.
The transaction will assist SP pare its Rs 20,000-crore overall debt and sharpen cognizance on its center production enterprise. Of the overall debt, approximately Rs 12,000 crore is beneathneath the Reserve Bank of India’s Covid alleviation scheme. This scheme offers SP time until 2023 to clean the dues, however it plans to pay off as a minimum 1/2 of of it withinside the coming months. And the divestment of Eureka Forbes is in that direction. Besides Eureka Forbes, SP is seeking to promote Sterling & Wilson Solar, Afcons Infrastructure and a few actual property assets.
Revenue Model:
In FY21, Eureka Forbes’ sales from the fitness, hygiene, protection merchandise and its offerings enterprise stood at ₹2,151 crore, that is, 75% of its overall sales of ₹2,857 crore. On a consolidated foundation, the agency incurred a loss of ₹27.86 crore in FY21.
Services Offered through Eureka Forbes:
Leaders in Health, Hygiene, Safety Products & Services thru Power Brands. Eureka Forbes could be a World Class, Billion Dollar, Multinational Corporation.
Awards & Recognition:
- In 2012, Eureka Forbes obtained 3 awards on the sixth Water Digest Awards for Best Domestic Water Purifier RO for Aquaguard Enhance Green RO, Best Domestic Water Purifier UV for Aquaguard Enhance UV and Best Water Purifier Award withinside the Storage Non-Electric class’ for AquaSure Amrit.
- In 2015, Eureka Forbes became indexed as India’s 18th ‘Best Places to Work For’.
Competitors:
eurekaforbes.com’s pinnacle five competition in April 2022 are: draquaguard.co.in, kent.co.in, reliancedigital.in, lg.com, and more.
Latest News:
According to the click launch from Shapoorji Pallonji, Eureka Forbes, a one hundred in keeping with cent subsidiary of Forbes could be demerged right into a standalone agency after which could be indexed on BSE Limited. Upon the list of Eureka Forbes Limited, Advent will purchase as much as 72.fifty six in keeping with cent of the agency’s then brilliant inventory on a totally diluted foundation from SPG.
Future Plans:
The Shapoorji Pallonji (SP) Group has restarted the sale manner of domestic hygiene merchandise maker Eureka Forbes Ltd, humans aware about the improvement stated. The cash-strapped institution has all started talks with capacity buyers, along with non-public fairness budget and a famous patron home equipment agency, the humans mentioned above stated on situation of anonymity.
In a large improvement, Advent International is to gather controlling stake in Eureka Forbes from Shapoorji Pallonji Group. The transaction values Eureka Forbes Limited at an corporation fee of Rs four,four hundred crore that’s problem to remaining adjustments.
Some FAQs About Eureka Forbes
Who is shopping for Eureka Forbes?
American buyout corporation Advent International has agreed to shop for a majority stake in Eureka Forbes Ltd, the patron long lasting flagship of Shapoorji Pallonji Group and a family call withinside the vacuum cleanser and water cleanser segments, for ₹four hundred crore.
Has Eureka Forbes been bought?
Shapoorji Pallonji Group has bought majority stake in its patron durables enterprise beneath Neath the Eureka Forbes label to US-primarily based totally non-public fairness fund Advent International for a sum of ₹four hundred-crore.
Who is CEO of Eureka Forbes?
Marzin R Shroff – Managing Director and CEO.
Who owns Eureka Forbes in India?
Founded as a joint project project among the Forbes and Campbell (a Tata Group agency) and Electrolux of Sweden, Eureka Forbes is a multi-product, multi-channel employer.
Is Eureka Forbes an excellent agency?
Eureka Forbes is a superb agency. Always recognised to attend to their employees. Employees works right here like their family. Management could be very kind.
Conclusion:
Our on line shop helps you to get the mixed blessings of comfort and peace of mind. A package deal of blessings including 30 Day Money Back guarantee, Easy EMI & COD, Free Installation and Exciting promotions are provided with each purchase. Our on line renewable AMC helps you to get persevered blessings of the product even as our on line provider request helps you to cope with your provider desires while not having to discover a bodily middle or name helplines.
Eureka Forbes has grown into one in all India’s maximum well-known enterprises and has come to be a family call for nearly 4 a long time beneath Neath the Shapoorji Pallonji umbrella. Eureka Forbes has come to be famous with energy manufacturers including ‘Aquaguard’ which has come to be synonymous with the water cleanser class and Forbes, recognized for its ;Make in India’ variety of vacuum cleaners.
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