About the Company

 

Exide Industries Limited is primarily engaged in manufacturing storage batteries and allied products, with its registered office at Exide House, Kolkata, 700020. The Company serves both domestic and international markets and has realigned its operations into three verticals: Trade (B2C), Institutional (B2B) and International, to sharpen go‑to‑market focus. Its portfolio spans automotive batteries for two-wheelers, three-wheelers, four-wheelers and commercial vehicles; reserve power solutions (Home‑UPS, Industrial‑UPS and Solar); traction batteries for material handling; railways; and high‑performance submarine batteries. Exide also addresses last‑mile connectivity through e‑rickshaw batteries and vehicles marketed under the Exide Neo brand .

 

The Company operates across 37 domestic locations (including Union Territories) and sells to 66 countries, supported by an expansive distribution network of over 1,20,000 channel partners. Exide has six subsidiaries, including both Indian and overseas entities. Recent milestones include starting commercial production of Enhanced Flooded Batteries (EFB) and Absorbent Glass Mat (AGM) batteries for international demand, and creating a dedicated data centre vertical within Utilities & Industries to capture the fast‑growing critical power segment. The Company is also progressing a greenfield 12 GWh lithium‑ion cell manufacturing plant at Devanahalli, Bengaluru, through its wholly owned subsidiary, with Phase I at an advanced stage and commercial production expected in FY 2025‑26 .

 

Business Segments

 

– Revenue mix by geography (FY 2024‑25, standalone): India 92%; International 8%.

– Revenue mix by client (FY 2024‑25, standalone): Institutional 73%; Non‑institutional 27% .

 

Key Management

 

– Sridhar Gorthi — Chairman & Independent Director

– R. B. Raheja — Vice Chairman & Non‑Executive Non‑Independent Director

– Avik Kumar Roy — Managing Director & Chief Executive Officer

– Manoj Kumar Agarwal — Director‑Finance & Chief Financial Officer

– Jitendra Kumar — Company Secretary & President (Legal & Corporate Affairs)

 

Latest Updates

 

– Lithium‑ion expansion: The 12 GWh lithium‑ion cell plant in Bengaluru advanced as planned; Exide invested about Rs 1,000 crore in FY 2024‑25 towards its wholly owned subsidiary, Exide Energy Solutions Limited, and tied up with a leading OEM to localise LFP EV batteries in India  .

– Product innovation: Commercial production of EFB and AGM batteries commenced to serve international markets, alongside introductions such as M2‑level EFBs and Com4D batteries for enhanced efficiency and durability .

– Data centre focus: A dedicated data centre vertical was established; the Company launched EHP front‑terminal batteries and received key consultant and enterprise approvals in this segment  .

– Battery Energy Storage Solutions (BESS): Exide developed a complete lead‑acid‑based BESS offering (container, PCS and BMS) and commissioned three projects in FY 2025, with a focus on Commercial & Industrial applications below 2 MW/4 MWh .

– Submarine batteries: Six sets were manufactured in FY 2024‑25; two sets supplied to the Indian Navy, two exported (with Government permission), and two scheduled for export in H1 FY 2025‑26; new Navy orders were secured and development orders obtained for next‑gen platforms .

– International business: Exide recorded high double‑digit growth in international automotive battery sales and introduced AGM batteries in Egypt, GCC and ASEAN markets; new JIS traction cells gained acceptance across multiple countries .

– Institutional partnerships: The Company developed and supplied a new product to Caterpillar Inc. in both domestic and export markets, enhancing credibility in heavy equipment segments .