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* - Tentative Dates
The Company proposes to utilize the Net Proceeds from the Issue towards funding of the following objects:
1. Lending of fresh loans to Hindware Limited (HL, one of the subsidiaries of the Company) to facilitate them to repay / pre-pay in full or part of secured working capital loans availed by them from Banking institutions;
2. Repayment or pre-payment, in full or in part, of all or a portion of certain borrowing availed by the Company.
Hindware Home Innovation Limited's revenue decreased by -2.43% and profit after tax (PAT) dropped by -44.69% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 2,420.31 | 2,302.65 |
| Revenue | 2,837.19 | 2,907.90 |
| Profit After Tax | 36.76 | 66.46 |
| Net Worth | 597.83 | 575.74 |
| Reserves and Surplus | 592.23 | 568.56 |
| Amount in ₹ Crore | ||
Hindware Home Innovation Limited was originally incorporated as “Somany Home Innovation Limited” on September 28, 2017. The company is a major player in India's building products and home appliances sector. The company manufactures, markets and distributes a diversified product portfolio catering to both the residential and commercial segments. The company is divided into three main business segments:
They offer a variety of products such as kitchen appliances, air coolers, fans, and ventilators in different price ranges for the discerning consumers in India. In the building products segment, there is a wide range of products in the batharoom products, high-quality tiles and plastic pipes and fittings segments.
The company and its subsidiaries offer various services related to their products, ensuring comprehensive support and customer satisfaction. Key services include Product installation, customer service, warranty services, spare parts supply and technical support.
