July 22, 2014 10:51 AM ET

Household Durables

Company Overview of Usha International Limited

Company Overview

Usha International Limited engages in the manufacture, marketing, and sale of electric fans, sewing machines, home appliances, electric motors and pumps, drinking water coolers and dispensers, and auto products. It offers ceiling, table, pedestal, wall, exhaust, and other electric fans; straight stitch, industrial, and industrial garment sewing machines; and home appliances, such as kitchen appliances, electric irons, water heaters, room coolers and heaters, inverters, and home UPS systems. It provides cooktops, built-in-hobs, and cooker hoods; and electrical motors and pumps. It offers fuel injection equipment, such as nozzles, elements, delivery valves, pumps, and injectors for stationary ...

Plot No.3

Institutional Area

Sector 32

Gurgaon,  122 001

India

Founded in 1934

Phone:

91 12 4288 3100

Fax:

91 12 4288 3200

Key Executives for Usha International Limited

Executive Director
Compliance Officer and Secretary
Compensation as of Fiscal Year 2014.

Usha International Limited Key Developments

Vineet Trakroo Resigns from Usha International Limited as CMO

Vineet Trakroo, chief marketing officer at Usha International Limited has resigned from the company. This move was effective from May 31, 2013. Trakroo joined Usha from CavinKare in 2011 and has spent two years in the company. Earlier, he was associated with companies like CavinKare, Draftfcb Ulka, Beierdorf India and Pidilite.

Usha International Limited Exits Honda Motor Co., Ltd. Joint Venture

Honda Motor Co., Ltd. announced that it will now hold a 100% stake in its Indian arm Honda Siel Cars India (HSCI) after the Usha International Limited (UIL), the Indian joint venture partner, decided to exit the company selling its 3.16% stake for INR 1,800 million to the Japanese firm. HSCI, which manufactures cars like the City, Civic, Accord and Jazz in India, will now become a wholly-owned subsidiary of Honda. The process of changing the company name and other formalities will be completed over the next few months. The exit of UIL from Honda Siel Cars has also ended a 17-year partnership between the two firms after Honda agreed to pay Siel a premium for the non-compete clause.

Recent Private Companies Transactions

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