🔴 Exide Industries Share EXIDEIND - Stock Analysis |  Multibagger Stock to buy ?
Channel: KrisDom Investor
Date: 2020-08-06

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This company was incorporated as Associated Battery Makers Ltd., in 1953.
Exide Industries Limited is an Indian storage battery producing company and also a life insurance company headquartered in Kolkata, India. It is the largest manufacturer of automotive and industrial lead-acid batteries in India and the fourth-largest in the world. It has plants in India and Sri Lanka and a dealership network in 46 countries spanning across 5 continents. Exide also has four major lead-acid battery recycling facilities — two of which are in the United States, and Spain and Portugal each have one as well. The company claims that 99 percent of lead processed through these facilities is recycled. The company manufactures the widest range of storage batteries in the world from 2.5 Ah to 20,600 Ah capacity, covering the broadest spectrum of applications. Exide is the only company that provides submarine batteries to the Indian Navy.  The continuous research efforts have enabled Exide to patent new processes and grid structures for batteries in India.

In January 2013, Exide Industries acquired 100% of the equity capital of ING Vysya Life Insurance. In May 2014, the name of ING Vysya Life Insurance Company Limited was changed to Exide Life Insurance Company Limited.

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