LG Electronics India Ltd

Past performance
Performance overview
About LG Electronics India Ltd LG Electronics India Private Limited (LGEIL), an Indian subsidiary of LG Electronics Inc., commenced operations in January 1997. Over the decades, it has cemented its position as a market leader in consumer durables and is recognized for its innovative technology in information technology and mobile communications. LGEIL's product portfolio includes consumer electronics, home appliances, GSM mobile phones, and IT products such as color televisions, refrigerators, washing machines, air conditioners, microwave ovens, and personal computers. The company has offices in major cities like Bangalore, Mumbai, and New Delhi to support operations. The company's manufacturing capabilities are robust and strategically located. In 1998, it established its first state-of-the-art facility in Greater Noida, Uttar Pradesh, with an investment of ₹500 crore, producing core products like televisions, washing machines, and refrigerators. A second Greenfield facility was set up in Pune, Maharashtra, in 2004 to manufacture products including LCD TVs, GSM Phones, and air conditioners. LGEIL later expanded into LCD television manufacturing at its Ranjangaon facility in Pune in 2007 with an initial investment of $0.5 million, marking an important milestone in its local manufacturing commitment. LGEIL has consistently been a pioneer in innovation, catering to evolving consumer preferences. In 2008, the company launched notable products such as the world's smallest Plasma TV (32 inches) and the Steam Tromm front-loading washing machine. It also targeted younger, style-driven consumers by introducing the ultra-light 13.3-inch premium notebook from the P300 series. Furthermore, its commitment to customer satisfaction is underscored by initiatives like the WoW LG Download Centre, launched in Pune in 2006. With a history of innovation, strategic manufacturing investments, and a diverse product portfolio, LGEIL has solidified its reputation as a key player in India's consumer electronics and home appliance sector, making it a potential company of interest for traders.
Website lg.com/in
Founded 1997
Headquarters New Delhi