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Exide Industries - Wikipedia
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<span>Products</span> </div> </a> <ul id="toc-Products-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Research_and_Development" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Research_and_Development"> <div class="vector-toc-text"> <span class="vector-toc-numb">3</span> <span>Research and Development</span> </div> </a> <ul id="toc-Research_and_Development-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Subsidiaries" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Subsidiaries"> <div class="vector-toc-text"> <span class="vector-toc-numb">4</span> <span>Subsidiaries</span> </div> </a> <ul id="toc-Subsidiaries-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Relationship_between_Exide_Industries_and_Exide_Technologies" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Relationship_between_Exide_Industries_and_Exide_Technologies"> <div class="vector-toc-text"> <span class="vector-toc-numb">5</span> <span>Relationship between Exide Industries and Exide Technologies</span> </div> </a> <ul id="toc-Relationship_between_Exide_Industries_and_Exide_Technologies-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-References" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#References"> <div class="vector-toc-text"> <span class="vector-toc-numb">6</span> <span>References</span> </div> </a> <ul id="toc-References-sublist" class="vector-toc-list"> </ul> </li> </ul> </div> </div> </nav> </div> </div> <div class="mw-content-container"> <main id="content" class="mw-body"> <header class="mw-body-header vector-page-titlebar"> <nav aria-label="Contents" class="vector-toc-landmark"> <div id="vector-page-titlebar-toc" class="vector-dropdown vector-page-titlebar-toc vector-button-flush-left" > 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class="mw-body-content"><div class="mw-content-ltr mw-parser-output" lang="en" dir="ltr"><div class="shortdescription nomobile noexcerpt noprint searchaux" style="display:none">Indian multinational battery manufacturing company</div> <style data-mw-deduplicate="TemplateStyles:r1251242444">.mw-parser-output .ambox{border:1px solid #a2a9b1;border-left:10px solid #36c;background-color:#fbfbfb;box-sizing:border-box}.mw-parser-output .ambox+link+.ambox,.mw-parser-output .ambox+link+style+.ambox,.mw-parser-output .ambox+link+link+.ambox,.mw-parser-output .ambox+.mw-empty-elt+link+.ambox,.mw-parser-output .ambox+.mw-empty-elt+link+style+.ambox,.mw-parser-output .ambox+.mw-empty-elt+link+link+.ambox{margin-top:-1px}html body.mediawiki .mw-parser-output .ambox.mbox-small-left{margin:4px 1em 4px 0;overflow:hidden;width:238px;border-collapse:collapse;font-size:88%;line-height:1.25em}.mw-parser-output .ambox-speedy{border-left:10px solid #b32424;background-color:#fee7e6}.mw-parser-output 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Please discuss further on the <a href="/wiki/Talk:Exide_Industries" title="Talk:Exide Industries">talk page</a>.</span> <span class="date-container"><i>(<span class="date">October 2023</span>)</i></span><span class="hide-when-compact"><i> (<small><a href="/wiki/Help:Maintenance_template_removal" title="Help:Maintenance template removal">Learn how and when to remove this message</a></small>)</i></span></div></td></tr></tbody></table> <style data-mw-deduplicate="TemplateStyles:r1236090951">.mw-parser-output .hatnote{font-style:italic}.mw-parser-output div.hatnote{padding-left:1.6em;margin-bottom:0.5em}.mw-parser-output .hatnote i{font-style:normal}.mw-parser-output .hatnote+link+.hatnote{margin-top:-0.5em}@media print{body.ns-0 .mw-parser-output .hatnote{display:none!important}}</style><div role="note" class="hatnote navigation-not-searchable">For other uses, see <a href="/wiki/Exide_(disambiguation)" class="mw-disambig" title="Exide (disambiguation)">Exide (disambiguation)</a>.</div> <p class="mw-empty-elt"> </p> <style data-mw-deduplicate="TemplateStyles:r1257001546">.mw-parser-output .infobox-subbox{padding:0;border:none;margin:-3px;width:auto;min-width:100%;font-size:100%;clear:none;float:none;background-color:transparent}.mw-parser-output .infobox-3cols-child{margin:auto}.mw-parser-output .infobox .navbar{font-size:100%}@media screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}</style><style data-mw-deduplicate="TemplateStyles:r1242257876">.mw-parser-output .ib-company .infobox-label{padding-right:0.5em}.mw-parser-output .ib-company .infobox-data,.mw-parser-output .ib-company .infobox-below{line-height:1.35em}.mw-parser-output .ib-company-logo img{background-color:#f8f9fa}.mw-parser-output .ib-company-locality,.mw-parser-output .ib-company-country{display:inline}</style><table class="infobox ib-company vcard"><caption class="infobox-title fn org">Exide Industries Limited</caption><tbody><tr><td colspan="2" class="infobox-image ib-company-logo logo"><span typeof="mw:File"><a href="/wiki/File:Exide.svg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Exide.svg/250px-Exide.svg.png" decoding="async" width="250" height="80" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Exide.svg/375px-Exide.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Exide.svg/500px-Exide.svg.png 2x" data-file-width="224" data-file-height="72" /></a></span></td></tr><tr><th scope="row" class="infobox-label">Company type</th><td class="infobox-data category"><a href="/wiki/Public_company" title="Public company">Public</a></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Ticker_symbol" title="Ticker symbol">Traded as</a></div></th><td class="infobox-data"><style data-mw-deduplicate="TemplateStyles:r1126788409">.mw-parser-output .plainlist ol,.mw-parser-output .plainlist ul{line-height:inherit;list-style:none;margin:0;padding:0}.mw-parser-output .plainlist ol li,.mw-parser-output .plainlist ul li{margin-bottom:0}</style><div class="plainlist"> <ul><li><a href="/wiki/Bombay_Stock_Exchange" title="Bombay Stock Exchange">BSE</a>: <a rel="nofollow" class="external text" href="https://www.bseindia.com/stock-share-price/x/y/500086/">500086</a></li> <li><a href="/wiki/National_Stock_Exchange_of_India" title="National Stock Exchange of India">NSE</a>: <a rel="nofollow" class="external text" href="https://www.nseindia.com/get-quotes/equity?symbol=EXIDEIND">EXIDEIND</a></li></ul> </div></td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/International_Securities_Identification_Number" title="International Securities Identification Number">ISIN</a></th><td class="infobox-data"><span class="plainlinks"><a class="external text" href="https://isin.toolforge.org/?language=en&isin=INE302A01020">INE302A01020</a></span></td></tr><tr><th scope="row" class="infobox-label">Industry</th><td class="infobox-data category"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1126788409"><div class="plainlist"> <ul><li><a href="/wiki/Battery_(electricity)" class="mw-redirect" title="Battery (electricity)">Battery manufacturing</a></li></ul> </div></td></tr><tr><th scope="row" class="infobox-label">Founded</th><td class="infobox-data">1947<span class="noprint">; 77 years ago</span><span style="display:none"> (<span class="bday dtstart published updated">1947</span>)</span></td></tr><tr><th scope="row" class="infobox-label">Headquarters</th><td class="infobox-data label">Exide House, <div class="ib-company-locality locality"><a href="/wiki/Kolkata,_West_Bengal" class="mw-redirect" title="Kolkata, West Bengal">Kolkata, West Bengal</a></div>, <div class="ib-company-country country-name">India</div></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Area served</div></th><td class="infobox-data">Worldwide</td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Key people</div></th><td class="infobox-data agent"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1126788409"><div class="plainlist"> <ul><li>Bharat Dhirajlal Shah<br />(Chairman & Independent Director)</li> <li>Avik Kumar Roy<br />(MD & CEO)</li> <li>A. K. Mukherjee<br />(<a href="/wiki/Chief_financial_officer" title="Chief financial officer">CFO</a>)</li></ul> </div></td></tr><tr><th scope="row" class="infobox-label">Revenue</th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> <span class="nowrap"><span style="white-space: nowrap">₹</span>16,029 crore</span> (US$1.9 billion) (2023-24)</td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Earnings_before_interest_and_taxes" title="Earnings before interest and taxes">Operating income</a></div></th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> <span class="nowrap"><span style="white-space: nowrap">₹</span>1,871 crore</span> (US$220 million) (2023-24)</td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Net_income" title="Net income">Net income</a></div></th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> <span class="nowrap"><span style="white-space: nowrap">₹</span>1,053 crore</span> (US$130 million) (2023-24)</td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/Subsidiary" title="Subsidiary">Subsidiaries</a></th><td class="infobox-data"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1126788409"><div class="plainlist"> <ul><li>Chloride Metals Ltd. (CML)</li> <li>Chloride International Ltd. (CIL)</li> <li>Chloride Batteries S.E. Asia Pte Ltd (CBSEA)</li> <li>Espex Batteries Ltd (ESPEX)</li> <li>Associated Battery Manufacturers (CEYLON) LTD. (ABML)</li> <li>Exide Energy Solutions Ltd. (EESL)</li></ul> </div></td></tr><tr><th scope="row" class="infobox-label">Website</th><td class="infobox-data"><span class="url"><a rel="nofollow" class="external text" href="http://www.exideindustries.com">www<wbr />.exideindustries<wbr />.com</a></span></td></tr></tbody></table> <p><b>Exide Industries Limited</b> (<b>Exide</b>) is an Indian <a href="/wiki/Multinational_corporation" title="Multinational corporation">multinational</a> <a href="/wiki/Storage_battery" class="mw-redirect" title="Storage battery">storage battery</a> manufacturing company, headquartered in <a href="/wiki/Kolkata" title="Kolkata">Kolkata</a>, India. It is the largest manufacturer of <a href="/wiki/Lead-acid_battery" class="mw-redirect" title="Lead-acid battery">lead-acid storage batteries</a> and <a href="/wiki/Power_storage" class="mw-redirect" title="Power storage">power storage</a> solutions provider in India. </p><p>The company has ten international standard factories spread across five states in the country, out of which 8 factories are dedicated to lead-acid batteries and two factories manufacture Home UPS Systems. The factories are located in <a href="/wiki/Ahmednagar" title="Ahmednagar">Ahmednagar</a>, <a href="/wiki/Chinchwad" title="Chinchwad">Chinchwad</a> and <a href="/wiki/Taloja" class="mw-redirect" title="Taloja">Taloja</a> in Maharashtra, <a href="/wiki/Haldia" title="Haldia">Haldia</a><sup id="cite_ref-1" class="reference"><a href="#cite_note-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup> and <a href="/wiki/Shyamnagar,_West_Bengal" title="Shyamnagar, West Bengal">Shyamnagar</a> in West Bengal, <a href="/wiki/Roorkee" title="Roorkee">Roorkee</a> and <a href="/wiki/Haridwar" title="Haridwar">Haridwar</a> in Uttarakhand, <a href="/wiki/Hosur" title="Hosur">Hosur</a> in Tamil Nadu, <a href="/wiki/Bawal" title="Bawal">Bawal</a> in Haryana, and <a href="/wiki/Prantij" title="Prantij">Prantij</a> in Gujarat. </p><p>Exide also has manufacturing facilities in <a href="/wiki/Sri_Lanka" title="Sri Lanka">Sri Lanka</a>, <a href="/wiki/UK" class="mw-redirect" title="UK">UK</a> and <a href="/wiki/Singapore" title="Singapore">Singapore</a> and does business globally through its <a href="/wiki/Subsidiaries" class="mw-redirect" title="Subsidiaries">subsidiaries</a> and international affiliates.<sup id="cite_ref-2" class="reference"><a href="#cite_note-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup> </p><p>Exide exports its batteries to more than 60 countries across the globe. It has a strong 95,000+ distributor & dealer / sub-dealer network.<sup id="cite_ref-3" class="reference"><a href="#cite_note-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-4" class="reference"><a href="#cite_note-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup> </p><p>The Company has forayed into the manufacturing of lithium-ion cells along with modules and packs through its subsidiary, Exide Energy Solutions Limited (EESL), under which it is setting up a plant in <a href="/wiki/Bengaluru" class="mw-redirect" title="Bengaluru">Bengaluru</a>, <a href="/wiki/Karnataka" title="Karnataka">Karnataka</a> to cater to India's EV market as well as stationary applications. EESL is setting up a 12 gigawatt-hour (GWH) green-field cell manufacturing plant in two phases of 6 GWH each. Presently, EESL is engaged in the production, assembly, and sale of lithium-ion battery modules and packs, through its operating plant based out of <a href="/wiki/Prantij" title="Prantij">Prantij</a>, <a href="/wiki/Gujarat" title="Gujarat">Gujarat</a>.<sup id="cite_ref-5" class="reference"><a href="#cite_note-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-6" class="reference"><a href="#cite_note-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-7" class="reference"><a href="#cite_note-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-8" class="reference"><a href="#cite_note-8"><span class="cite-bracket">[</span>8<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-9" class="reference"><a href="#cite_note-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup> </p><p>Exide through its wholly owned subsidiary, Chloride Metals Limited, operates 3 modern lead recycling facilities in the state of <a href="/wiki/West_Bengal" title="West Bengal">West Bengal</a>, <a href="/wiki/Maharashtra" title="Maharashtra">Maharashtra</a> and <a href="/wiki/Karnataka" title="Karnataka">Karnataka</a>.<sup id="cite_ref-10" class="reference"><a href="#cite_note-10"><span class="cite-bracket">[</span>10<span class="cite-bracket">]</span></a></sup> </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="History">History</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Exide_Industries&action=edit&section=1" title="Edit section: History"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In India, as in many other erstwhile colonies of Great Britain, Exide batteries were imported for many years before the <a href="/wiki/Chloride_Electrical_Storage_Company" title="Chloride Electrical Storage Company">Chloride Electrical Storage Company (CESCO)</a> was finally set up in 1920. It started only as an assembling and manufacturing facility and the first manufacturing unit was set up in Shyamnagar, West Bengal in 1947. This marked the momentous entry of Associated Battery Makers Eastern Limited (ABMEL) in the Indian industrial scenario. </p><p>For road vehicles, ABMEL's principal brands were Exide and Dagenite (used by Rolls Royce) but the Company was changing its course on other tracks too. Exide "Iron Clad" batteries powered the Railways and in 1963, following the Chinese aggression, the company doubled its production of special defence batteries. The same year saw the manufacture of large stationary batteries for railway track electrification. </p><p>The rapid rate of expansion was seen with the establishment of a second factory in 1969 at Chinchwad, Maharashtra to cater to the growing demand for automobile batteries and was strategically established near automobile Original Equipment Manufacturers (OEMs).<sup class="noprint Inline-Template Template-Fact" style="white-space:nowrap;">[<i><a href="/wiki/Wikipedia:Citation_needed" title="Wikipedia:Citation needed"><span title="This claim needs references to reliable sources. (May 2024)">citation needed</span></a></i>]</sup> </p> <div class="mw-heading mw-heading2"><h2 id="Products">Products</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Exide_Industries&action=edit&section=2" title="Edit section: Products"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Exide’s product range includes batteries that are used in automotive, industrial, inverter, and home UPS applications. Automotive batteries are used for SLI application across 2-wheelers, 3-wheelers, and 4-wheelers (Cars, Jeeps, Buses & Trucks) as well as for primary power sources in E-rickshaws. In Industrial, usage is across a gamut of applications in segments such as power (both conventional and renewable), telecom, infrastructure projects, IT/ITES industries, railways, mining, and defence sectors.  Exide is also present in the battery energy storage business where it designs and integrates power generated through renewables for use in remote areas of the country. Also, Exide supplies submarine batteries to the Indian Navy.<sup id="cite_ref-11" class="reference"><a href="#cite_note-11"><span class="cite-bracket">[</span>11<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-12" class="reference"><a href="#cite_note-12"><span class="cite-bracket">[</span>12<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-13" class="reference"><a href="#cite_note-13"><span class="cite-bracket">[</span>13<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-14" class="reference"><a href="#cite_note-14"><span class="cite-bracket">[</span>14<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Research_and_Development">Research and Development</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Exide_Industries&action=edit&section=3" title="Edit section: Research and Development"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The company’s Research and Development Centre in Kolkata, West Bengal was established in 1976. </p><p>Also, Exide’s R&D has partnerships with entities such as Moura Batteries in Brazil, Furukawa Battery in Japan, East Penn in the USA, Advance Battery Concepts in the USA, and SVOLT Energy Solutions Company Ltd in China (for Lithium-ion Cell Manufacturing).<sup class="noprint Inline-Template Template-Fact" style="white-space:nowrap;">[<i><a href="/wiki/Wikipedia:Citation_needed" title="Wikipedia:Citation needed"><span title="This claim needs references to reliable sources. (May 2024)">citation needed</span></a></i>]</sup> </p> <div class="mw-heading mw-heading2"><h2 id="Subsidiaries">Subsidiaries</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Exide_Industries&action=edit&section=4" title="Edit section: Subsidiaries"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li>Chloride Metals Ltd. (CML)</li> <li>Chloride International Ltd. (CIL)</li> <li>Chloride Batteries S.E. Asia Pte Ltd (CBSEA)</li> <li>Espex Batteries Ltd (ESPEX)</li> <li>Associated Battery Manufacturers (CEYLON) LTD. (ABML)</li> <li>Exide Energy Private Ltd. (EEPL)</li> <li>Exide Energy Solutions Ltd. (EESL)</li></ul> <div class="mw-heading mw-heading2"><h2 id="Relationship_between_Exide_Industries_and_Exide_Technologies">Relationship between Exide Industries and Exide Technologies</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Exide_Industries&action=edit&section=5" title="Edit section: Relationship between Exide Industries and Exide Technologies"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Chloride Electric Storage Co. Ltd. (CESCO) was the <a href="/wiki/United_Kingdom" title="United Kingdom">United Kingdom</a>–based division of the United States–based Electric Storage Battery Company (ESBC), a predecessor to today's <a href="/wiki/Exide_Technologies" class="mw-redirect" title="Exide Technologies">Exide Technologies</a>. In 1947, ESBC was forced to sell off CESCO following the decisions of a United States district court, and CESCO held the "Exide" trademark in the UK, and later sold batteries under the Exide name in India. In 1991, CESCO's successor, Chloride Group plc, fully divested its trademark in India and battery manufacturing operations to its current management.<sup id="cite_ref-15" class="reference"><a href="#cite_note-15"><span class="cite-bracket">[</span>15<span class="cite-bracket">]</span></a></sup> In 1997, Exide Industries filed a lawsuit against Exide Technologies of the United States when the latter tried entering the Indian market, and both companies entered a prolonged legal battle that was heard by the <a href="/wiki/Delhi_High_Court" title="Delhi High Court">Delhi High Court</a>, which led to a 2012 verdict that Exide Industries was the legal owner of the Exide trademark in India. </p><p>An appeal was filed and in 2017, it was ruled that while Exide Industries was the trademark owner in India, Exide Technologies held the goodwill of the "Exide" name and both companies had a legitimate claim to use of the name in the Indian market. A further appeal from the Indian company that went to the <a href="/wiki/Supreme_Court_of_India" title="Supreme Court of India">Supreme Court of India</a> led to a stay of the verdict, however, there was a restraining order on the use of the "Exide" name from the American company until the final verdict. Both parties settled in 2017, with an out of court settlement from Exide Industries to Exide Technologies, terms being that Exide Technologies waives any rights to the "Exide" trademark in India in perpetuity.<sup id="cite_ref-16" class="reference"><a href="#cite_note-16"><span class="cite-bracket">[</span>16<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="References">References</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Exide_Industries&action=edit&section=6" title="Edit section: References"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist"> <div class="mw-references-wrap mw-references-columns"><ol class="references"> <li id="cite_note-1"><span class="mw-cite-backlink"><b><a href="#cite_ref-1">^</a></b></span> <span class="reference-text"><style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free.id-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited.id-lock-limited a,.mw-parser-output .id-lock-registration.id-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription.id-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/a/aa/Lock-red-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/4/4c/Wikisource-logo.svg")right 0.1em center/12px no-repeat}body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-free a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-limited a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-registration a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-subscription a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .cs1-ws-icon a{background-size:contain;padding:0 1em 0 0}.mw-parser-output .cs1-code{color:inherit;background:inherit;border:none;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;color:var(--color-error,#d33)}.mw-parser-output .cs1-visible-error{color:var(--color-error,#d33)}.mw-parser-output .cs1-maint{display:none;color:#085;margin-left:0.3em}.mw-parser-output .cs1-kern-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right{padding-right:0.2em}.mw-parser-output .citation .mw-selflink{font-weight:inherit}@media screen{.mw-parser-output .cs1-format{font-size:95%}html.skin-theme-clientpref-night .mw-parser-output .cs1-maint{color:#18911f}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .cs1-maint{color:#18911f}}</style><cite id="CITEREFIndiablooms" class="citation web cs1">Indiablooms. <a rel="nofollow" class="external text" href="https://www.indiablooms.com/finance-details/6236/wb-chief-minister-inaugurates-exide-industries-new-plant-in-haldia.html">"WB Chief Minister inaugurates Exide Industries new plant in Haldia | Indiablooms - First Portal on Digital News Management"</a>. <i>Indiablooms.com</i><span class="reference-accessdate">. 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.navbox{display:none!important}}</style></div><div role="navigation" class="navbox" aria-labelledby="23x15px&#124;border_&#124;alt=India&#124;link=India_NIFTY_200_companies" style="padding:3px"><table class="nowraplinks mw-collapsible autocollapse navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><style data-mw-deduplicate="TemplateStyles:r1239400231">.mw-parser-output .navbar{display:inline;font-size:88%;font-weight:normal}.mw-parser-output .navbar-collapse{float:left;text-align:left}.mw-parser-output .navbar-boxtext{word-spacing:0}.mw-parser-output .navbar ul{display:inline-block;white-space:nowrap;line-height:inherit}.mw-parser-output .navbar-brackets::before{margin-right:-0.125em;content:"[ "}.mw-parser-output .navbar-brackets::after{margin-left:-0.125em;content:" ]"}.mw-parser-output .navbar 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this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Nifty_200_companies" title="Special:EditPage/Template:Nifty 200 companies"><abbr title="Edit this template">e</abbr></a></li></ul></div><div id="23x15px&#124;border_&#124;alt=India&#124;link=India_NIFTY_200_companies" style="font-size:114%;margin:0 4em"><span class="flagicon"><span class="mw-image-border" typeof="mw:File"><a href="/wiki/India" title="India"><img alt="India" src="//upload.wikimedia.org/wikipedia/en/thumb/4/41/Flag_of_India.svg/23px-Flag_of_India.svg.png" decoding="async" width="23" height="15" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/4/41/Flag_of_India.svg/35px-Flag_of_India.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/4/41/Flag_of_India.svg/45px-Flag_of_India.svg.png 2x" data-file-width="900" data-file-height="600" /></a></span></span> NIFTY 200 companies</div></th></tr><tr><th scope="row" class="navbox-group" style="width:1%">NIFTY <br /> 200</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th id="NIFTY_100" scope="row" class="navbox-group" style="width:1%">NIFTY <br /> 100</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/NIFTY_50" title="NIFTY 50">NIFTY <br />50</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Adani_Enterprises" title="Adani Enterprises">Adani Enterprises</a></li> <li><a href="/wiki/Adani_Ports_%26_SEZ" title="Adani Ports & SEZ">Adani Ports</a></li> <li><a href="/wiki/Apollo_Hospitals" title="Apollo Hospitals">Apollo Hospitals</a></li> <li><a href="/wiki/Asian_Paints" title="Asian Paints">Asian Paints</a></li> <li><a href="/wiki/Axis_Bank" title="Axis Bank">Axis Bank</a></li> <li><a href="/wiki/Bajaj_Auto" title="Bajaj Auto">Bajaj Auto</a></li> <li><a href="/wiki/Bajaj_Finance" title="Bajaj Finance">Bajaj Finance</a></li> <li><a href="/wiki/Bajaj_Finserv" title="Bajaj Finserv">Bajaj Finserv</a></li> <li><a href="/wiki/Bharat_Electronics" title="Bharat Electronics">BEL</a></li> <li><a href="/wiki/Bharat_Petroleum" title="Bharat Petroleum">Bharat Petroleum</a></li> <li><a href="/wiki/Bharti_Airtel" title="Bharti Airtel">Bharti Airtel</a></li> <li><a href="/wiki/Britannia_Industries" title="Britannia Industries">Britannia</a></li> <li><a href="/wiki/Cipla" title="Cipla">Cipla</a></li> <li><a href="/wiki/Coal_India" title="Coal India">Coal India</a></li> <li><a href="/wiki/Dr._Reddy%27s_Laboratories" title="Dr. Reddy's Laboratories">Dr. Reddy's Labs</a></li> <li><a href="/wiki/Eicher_Motors" title="Eicher Motors">Eicher</a></li> <li><a href="/wiki/Grasim_Industries" title="Grasim Industries">Grasim</a></li> <li><a href="/wiki/HCLTech" title="HCLTech">HCLTech</a></li> <li><a href="/wiki/HDFC_Bank" title="HDFC Bank">HDFC Bank</a></li> <li><a href="/wiki/HDFC_Life" title="HDFC Life">HDFC Life</a></li> <li><a href="/wiki/Hero_MotoCorp" title="Hero MotoCorp">Hero MotoCorp</a></li> <li><a href="/wiki/Hindalco_Industries" title="Hindalco Industries">Hindalco</a></li> <li><a href="/wiki/Hindustan_Unilever" title="Hindustan Unilever">HUL</a></li> <li><a href="/wiki/ICICI_Bank" title="ICICI Bank">ICICI Bank</a></li> <li><a href="/wiki/IndusInd_Bank" title="IndusInd Bank">IndusInd Bank</a></li> <li><a href="/wiki/Infosys" title="Infosys">Infosys</a></li> <li><a href="/wiki/ITC_Limited" title="ITC Limited">ITC</a></li> <li><a href="/wiki/JSW_Steel" title="JSW Steel">JSW Steel</a></li> <li><a href="/wiki/Kotak_Mahindra_Bank" title="Kotak Mahindra Bank">Kotak Mahindra</a></li> <li><a href="/wiki/Larsen_%26_Toubro" title="Larsen & Toubro">L&T</a></li> <li><a href="/wiki/Mahindra_%26_Mahindra" title="Mahindra & Mahindra">M&M</a></li> <li><a href="/wiki/Maruti_Suzuki" title="Maruti Suzuki">Maruti Suzuki</a></li> <li><a href="/wiki/NTPC_Limited" title="NTPC Limited">NTPC</a></li> <li><a href="/wiki/Nestl%C3%A9_India" title="Nestlé India">Nestlé</a></li> <li><a href="/wiki/Oil_and_Natural_Gas_Corporation" title="Oil and Natural Gas Corporation">ONGC</a></li> <li><a href="/wiki/Power_Grid_Corporation_of_India" title="Power Grid Corporation of India">Power Grid</a></li> <li><a href="/wiki/Reliance_Industries" title="Reliance Industries">Reliance</a></li> <li><a href="/wiki/SBI_Life_Insurance_Company" title="SBI Life Insurance Company">SBI Life</a></li> <li><a href="/wiki/State_Bank_of_India" title="State Bank of India">SBI</a></li> <li><a href="/wiki/Shriram_Group" title="Shriram Group">Shriram Finance</a></li> <li><a href="/wiki/Sun_Pharma" title="Sun Pharma">Sun Pharma</a></li> <li><a href="/wiki/Tata_Consultancy_Services" title="Tata Consultancy Services">Tata Consultancy Services</a></li> <li><a href="/wiki/Tata_Consumer_Products" title="Tata Consumer Products">Tata Consumer Products</a></li> <li><a href="/wiki/Tata_Motors" title="Tata Motors">Tata Motors</a></li> <li><a href="/wiki/Tata_Steel" title="Tata Steel">Tata Steel</a></li> <li><a href="/wiki/Tech_Mahindra" title="Tech Mahindra">Tech Mahindra</a></li> <li><a href="/wiki/Titan_Company" title="Titan Company">Titan</a></li> <li><a href="/wiki/Trent_Limited" title="Trent Limited">Trent</a></li> <li><a href="/wiki/UltraTech_Cement" title="UltraTech Cement">UltraTech</a></li> <li><a href="/wiki/Wipro" title="Wipro">Wipro</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/NIFTY_Next_50" title="NIFTY Next 50">NIFTY <br />Next 50</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/ABB" title="ABB">ABB India</a></li> <li><a href="/wiki/Adani_Energy_Solutions" title="Adani Energy Solutions">Adani Energy Solutions</a></li> <li><a href="/wiki/Adani_Green_Energy" title="Adani Green Energy">Adani Green Energy</a></li> <li><a href="/wiki/Adani_Power" title="Adani Power">Adani Power</a></li> <li><a href="/wiki/Ambuja_Cements" title="Ambuja Cements">Ambuja Cements</a></li> <li><a href="/wiki/Bank_of_Baroda" title="Bank of Baroda">Bank of Baroda</a></li> <li><a href="/wiki/Bharat_Heavy_Electricals_Limited" title="Bharat Heavy Electricals Limited">BHEL</a></li> <li><a href="/wiki/Robert_Bosch_GmbH#Indian_operations" class="mw-redirect" title="Robert Bosch GmbH">Bosch</a></li> <li><a href="/wiki/Canara_Bank" title="Canara Bank">Canara Bank</a></li> <li><a href="/wiki/Cholamandalam_Investment_and_Finance_Company" title="Cholamandalam Investment and Finance Company">Cholamandalam</a></li> <li><a href="/wiki/Dabur" title="Dabur">Dabur</a></li> <li><a href="/wiki/Divi%27s_Laboratories" title="Divi's Laboratories">Divi's Labs</a></li> <li><a href="/wiki/DLF_(company)" title="DLF (company)">DLF</a></li> <li><a href="/wiki/DMart" title="DMart">DMart</a></li> <li><a href="/wiki/GAIL" title="GAIL">GAIL</a></li> <li><a href="/wiki/Godrej_Consumer_Products" title="Godrej Consumer Products">Godrej Consumer Products</a></li> <li><a href="/wiki/Havells" title="Havells">Havells</a></li> <li><a href="/wiki/Hindustan_Aeronautics_Limited" title="Hindustan Aeronautics Limited">HAL</a></li> <li><a href="/wiki/ICICI_Lombard" title="ICICI Lombard">ICICI Lombard</a></li> <li><a href="/wiki/ICICI_Prudential_Life_Insurance" title="ICICI Prudential Life Insurance">ICICI Prudential</a></li> <li><a href="/wiki/Indian_Oil_Corporation" title="Indian Oil Corporation">Indian Oil</a></li> <li><a href="/wiki/IndiGo" title="IndiGo">IndiGo</a></li> <li><a href="/wiki/Info_Edge" title="Info Edge">Info Edge</a></li> <li><a href="/wiki/Indian_Railway_Catering_and_Tourism_Corporation" title="Indian Railway Catering and Tourism Corporation">IRCTC</a></li> <li><a href="/wiki/Indian_Railway_Finance_Corporation" title="Indian Railway Finance Corporation">IRFC</a></li> <li><a href="/wiki/Jindal_Steel_and_Power" title="Jindal Steel and Power">Jindal Steel</a></li> <li><a href="/wiki/Jio_Financial_Services" title="Jio Financial Services">Jio Financial Services</a></li> <li><a href="/wiki/JSW_Energy" title="JSW Energy">JSW Energy</a></li> <li><a href="/wiki/Life_Insurance_Corporation" title="Life Insurance Corporation">LIC</a></li> <li><a href="/wiki/Lodha_Group" title="Lodha Group">Lodha</a></li> <li><a href="/wiki/LTIMindtree" title="LTIMindtree">LTIMindtree</a></li> <li><a href="/wiki/NHPC" title="NHPC">NHPC</a></li> <li><a href="/wiki/Pidilite_Industries" title="Pidilite Industries">Pidilite</a></li> <li><a href="/wiki/Power_Finance_Corporation" title="Power Finance Corporation">Power Finance</a></li> <li><a href="/wiki/Punjab_National_Bank" title="Punjab National Bank">PNB</a></li> <li><a href="/wiki/REC_Limited" title="REC Limited">REC</a></li> <li><a href="/wiki/Samvardhana_Motherson" title="Samvardhana Motherson">Samvardhana Motherson</a></li> <li><a href="/wiki/Shree_Cement" title="Shree Cement">Shree Cement</a></li> <li><a href="/wiki/Siemens" title="Siemens">Siemens India</a></li> <li><a href="/wiki/Tata_Power" title="Tata Power">Tata Power</a></li> <li><a href="/wiki/Torrent_Pharmaceuticals" title="Torrent Pharmaceuticals">Torrent Pharma</a></li> <li><a href="/wiki/TVS_Motor_Company" title="TVS Motor Company">TVS Motors</a></li> <li><a href="/wiki/Union_Bank_of_India" title="Union Bank of India">Union Bank</a></li> <li><a href="/wiki/United_Spirits" title="United Spirits">United Spirits</a></li> <li><a href="/wiki/Varun_Beverages" title="Varun Beverages">Varun Beverages</a></li> <li><a href="/wiki/Vedanta_Limited" title="Vedanta Limited">Vedanta</a></li> <li><a href="/wiki/Zomato" title="Zomato">Zomato</a></li> <li><a href="/wiki/Zydus_Lifesciences" title="Zydus Lifesciences">Zydus Lifesciences</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr></tbody></table><div> <ul><li><a href="/wiki/ACC_(company)" title="ACC (company)">ACC</a></li> <li><a href="/wiki/Aditya_Birla_Fashion_and_Retail" title="Aditya Birla Fashion and Retail">Aditya Birla Fashion</a></li> <li><a href="/wiki/Alkem_Laboratories" title="Alkem Laboratories">Alkem Labs</a></li> <li><a href="/wiki/Apollo_Tyres" title="Apollo Tyres">Apollo Tyres</a></li> <li><a href="/wiki/Ashok_Leyland" title="Ashok Leyland">Ashok Leyland</a></li> <li><a href="/wiki/Astral_(company)" title="Astral (company)">Astral</a></li> <li><a href="/wiki/AU_Small_Finance_Bank" title="AU Small Finance Bank">AU SFB</a></li> <li><a href="/wiki/Aurobindo_Pharma" title="Aurobindo Pharma">Aurobindo Pharma</a></li> <li><a href="/wiki/Balkrishna_Industries" title="Balkrishna Industries">Balkrishna Industries</a></li> <li><a href="/wiki/Bandhan_Bank" title="Bandhan Bank">Bandhan Bank</a></li> <li><a href="/wiki/Bank_of_India" title="Bank of India">Bank of India</a></li> <li><a href="/wiki/Bank_of_Maharashtra" title="Bank of Maharashtra">Bank of Maharashtra</a></li> <li><a href="/wiki/Bharat_Dynamics_Limited" title="Bharat Dynamics Limited">Bharat Dynamics</a></li> <li><a href="/wiki/Bharat_Forge" title="Bharat Forge">Bharat Forge</a></li> <li><a href="/wiki/Biocon" title="Biocon">Biocon</a></li> <li><a href="/wiki/Bombay_Stock_Exchange" title="Bombay Stock Exchange">BSE</a></li> <li><a href="/wiki/Central_Bank_of_India" title="Central Bank of India">CBI</a></li> <li><a href="/wiki/Cochin_Shipyard" title="Cochin Shipyard">Cochin Shipyard</a></li> <li><a href="/wiki/Coforge" title="Coforge">Coforge</a></li> <li><a href="/wiki/Container_Corporation_of_India" title="Container Corporation of India">Container Corp</a></li> <li><a href="/wiki/CG_Power_and_Industrial_Solutions" title="CG Power and Industrial Solutions">CG Power</a></li> <li><a href="/wiki/Cummins#India_operations" title="Cummins">Cummins India</a></li> <li><a href="/wiki/Delhivery" title="Delhivery">Delhivery</a></li> <li><a href="/wiki/Dixon_Technologies" title="Dixon Technologies">Dixon Technologies</a></li> <li><a href="/wiki/Escorts_Kubota_Limited" title="Escorts Kubota Limited">Escorts</a></li> <li><a class="mw-selflink selflink">Exide</a></li> <li><a href="/wiki/Fertilisers_and_Chemicals_Travancore" title="Fertilisers and Chemicals Travancore">FACT</a></li> <li><a href="/wiki/Federal_Bank" title="Federal Bank">Federal Bank</a></li> <li><a href="/wiki/GMR_Group" title="GMR Group">GMR Airports</a></li> <li><a href="/wiki/Godrej_Properties" title="Godrej Properties">Godrej Properties</a></li> <li><a href="/wiki/Hindustan_Petroleum" title="Hindustan Petroleum">Hindustan Petroleum</a></li> <li><a href="/wiki/Hindustan_Zinc" title="Hindustan Zinc">Hindustan Zinc</a></li> <li><a href="/wiki/Housing_and_Urban_Development_Corporation" title="Housing and Urban Development Corporation">HUDCO</a></li> <li><a href="/wiki/IDBI_Bank" title="IDBI Bank">IDBI Bank</a></li> <li><a href="/wiki/IDFC_First_Bank" title="IDFC First Bank">IDFC First Bank</a></li> <li><a href="/wiki/Indian_Bank" title="Indian Bank">Indian Bank</a></li> <li><a href="/wiki/Indian_Hotels_Company_Limited" title="Indian Hotels Company Limited">Indian Hotels</a></li> <li><a href="/wiki/Indian_Overseas_Bank" title="Indian Overseas Bank">IOB</a></li> <li><a href="/wiki/Indraprastha_Gas" title="Indraprastha Gas">Indraprastha Gas</a></li> <li><a href="/wiki/Indus_Towers" title="Indus Towers">Indus Towers</a></li> <li><a href="/wiki/IRB_Infrastructure" title="IRB Infrastructure">IRB Infrastructure</a></li> <li><a href="/wiki/Indian_Renewable_Energy_Development_Agency" title="Indian Renewable Energy Development Agency">IREDA</a></li> <li><a href="/wiki/Jubilant_FoodWorks" title="Jubilant FoodWorks">Jubilant FoodWorks</a></li> <li><a href="/wiki/Kalyan_Jewellers" title="Kalyan Jewellers">Kalyan Jewellers</a></li> <li><a href="/wiki/KPIT_Technologies" title="KPIT Technologies">KPIT Technologies</a></li> <li><a href="/wiki/LIC_Housing_Finance" title="LIC Housing Finance">LIC Housing Finance</a></li> <li><a href="/wiki/Lupin_Limited" title="Lupin Limited">Lupin</a></li> <li><a href="/wiki/Mahindra_%26_Mahindra_Financial_Services_Limited" title="Mahindra & Mahindra Financial Services Limited">M&M Finance</a></li> <li><a href="/wiki/Mankind_Pharma" title="Mankind Pharma">Mankind Pharma</a></li> <li><a href="/wiki/Marico" title="Marico">Marico</a></li> <li><a href="/wiki/Max_Financial_Services" class="mw-redirect" title="Max Financial Services">Max Financial Services</a></li> <li><a href="/wiki/Max_Healthcare" title="Max Healthcare">Max Healthcare</a></li> <li><a href="/wiki/Mazagon_Dock_Shipbuilders" title="Mazagon Dock Shipbuilders">Mazagon Dock Shipbuilders</a></li> <li><a href="/wiki/Mphasis" title="Mphasis">Mphasis</a></li> <li><a href="/wiki/MRF_(company)" title="MRF (company)">MRF</a></li> <li><a href="/wiki/Mangalore_Refinery_and_Petrochemicals_Limited" title="Mangalore Refinery and Petrochemicals Limited">MRPL</a></li> <li><a href="/wiki/Muthoot_Finance" title="Muthoot Finance">Muthoot Finance</a></li> <li><a href="/wiki/NLC_India_Limited" title="NLC India Limited">NLC India</a></li> <li><a href="/wiki/National_Mineral_Development_Corporation" title="National Mineral Development Corporation">NMDC</a></li> <li><a href="/wiki/Nykaa" title="Nykaa">Nykaa</a></li> <li><a href="/wiki/Oil_India" title="Oil India">Oil India</a></li> <li><a href="/wiki/Oracle_Financial_Services_Software" title="Oracle Financial Services Software">Oracle FSS</a></li> <li><a href="/wiki/Page_Industries" title="Page Industries">Page Industries</a></li> <li><a href="/wiki/Patanjali_Foods" title="Patanjali Foods">Patanjali Foods</a></li> <li><a href="/wiki/Paytm" title="Paytm">Paytm</a></li> <li><a href="/wiki/Persistent_Systems" title="Persistent Systems">Persistent Systems</a></li> <li><a href="/wiki/Petronet_LNG" title="Petronet LNG">Petronet LNG</a></li> <li><a href="/wiki/Policybazaar" title="Policybazaar">Policybazaar</a></li> <li><a href="/wiki/Polycab_India" title="Polycab India">Polycab</a></li> <li><a href="/wiki/Poonawalla_Fincorp" title="Poonawalla Fincorp">Poonawalla Fincorp</a></li> <li><a href="/wiki/Prestige_Group" title="Prestige Group">Prestige Estates</a></li> <li><a href="/wiki/Rail_Vikas_Nigam" title="Rail Vikas Nigam">RVNL</a></li> <li><a href="/wiki/Steel_Authority_of_India" class="mw-redirect" title="Steel Authority of India">SAIL</a></li> <li><a href="/wiki/SBI_Card" title="SBI Card">SBI Card</a></li> <li><a href="/wiki/SJVN" title="SJVN">SJVN</a></li> <li><a href="/wiki/SRF_Limited" title="SRF Limited">SRF</a></li> <li><a href="/wiki/Sundaram_Finance" title="Sundaram 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