LG Electronics India Ltd

About the Company

We manufacture and sell major home appliances and consumer electronics products in India. We sell products to B2C and B2B consumers in India and outside India. We have two business segments, comprising: (i) home appliances and air solution division covering the sale of products such as refrigerators, washing machines, air conditioners, water purifiers, dishwashers, microwave ovens, air purifiers and compressors, among others; and (ii) home entertainment division covering the sale of products such as televisions, monitors, interactive displays and information systems. We also offer installation services, and repairs and maintenance services for all our products.

Industry Overview

India's appliances and electronics market has grown at approximately 7% from CY2019 to CY2024 and this growth is expected to accelerate to approximately 11% from CY2024 to CY2029 driven by rising disposable incomes, growing urbanization, and increasing penetration of appliances and electronics in both urban and rural areas. The market is segmented into B2C and B2B segments. The B2C segment is characterized by expansive distribution across organized and unorganized retail, e-commerce, and exclusive brand outlets. The B2B segment is also vibrant and growing rapidly, driven by institutional demand across sectors such as hospitality, healthcare, retail, and commercial establishments. In India's appliances and electronics market, competition unfolds across three major types of players: domestic players, Chinese players, and global brands (including Korean players), each bringing distinct strengths and strategies that shape the competitive landscape. Factors such as long-standing brand equity, extensive distribution networks, prioritizing affordability, aligning products with regional preferences, prioritizing versatile offerings and frequently introducing models that balance basic functionality with modern features, allow Indian players to capture loyal segments, even as foreign brands intensify their presence. Chinese brands have introduced additional competition to India's appliances and electronics market by utilizing extensive scale, efficient manufacturing, and well-established channel penetration. With a focus on high-quality manufacturing and cutting-edge features, global brands are well-positioned to meet the growing Indian demand for premium experiences and durable products. Players in the Indian appliances and electronics market witness a broad range of competition from existing and new competitors ranging from large multinational companies to highly specialized entities that focus on a limited number of products and services. In particular, the sector is experiencing heightened competition from Chinese brands, which have been gaining ground in high-growth categories. Known for competitive pricing, innovative marketing strategies, and rapid product cycles, these brands are pushing companies to differentiate through unique features, premium service quality, and innovation. To address this, many companies are increasingly focused on strengthening brand trust, enhancing after-sales support, and expanding their R&D efforts to meet the evolving preferences of Indian consumers. The overall total addressable market ("TAM") for the India appliances and electronics brands was estimated at approximately Rs.3,245 billion (US$38.2 billion) in CY2024, having grown at a CAGR of approximately 12% from CY2019 to CY2024. As of the six months ended June 30, 2025 (annualized), TAM stands at approximately Rs.3,505 billion (US$ 41.2 billion). It is projected to reach approximately Rs.6,190 billion (US$ 72.8 billion) by CY2029P, growing at a five-year CAGR of approximately 14%. The TAM encompasses both B2C and B2B segments and excludes mobile phones. This reflects demand from households, commercial enterprises, and institutional buyers such as hospitals, hotels, and government bodies. While the Indian appliances and electronics market holds strong growth potential, it also faces challenges that could affect its trajectory. These include rising competition, supply chain dependencies, and regulatory and technological shifts. The India appliances and electronics market is undergoing significant supply chain transformations shaped by both import and export dynamics, including local production focus by market players to reduce import dependency, supported by government initiatives; export opportunities provided by the growing local manufacturing base, alongside competitive labour costs and infrastructure improvements; modernization of the logistics and distribution networks to accommodate the growing e-commerce sector; and a persisting reliance on foreign components and finished products, especially in the premium segment. In addition, the Indian government's strategic initiatives are shaping a resilient and competitive landscape for the country's appliance and electronics sector. Key policies focus on fostering local manufacturing, enhancing export capabilities, and promoting sustainable practices, positioning India as a prominent player on the global stage.

Company History

Our Company was incorporated on January 20, 1997 as a private limited company under the Companies Act, 1956, with the name "LG Electronics India Private Limited", pursuant to a certificate of incorporation granted by the Registrar of Companies, National Capital Territory of Delhi and Haryana situated at New Delhi, India. Subsequently, in accordance with Section 43A(1A) of the Companies Act, 1956, our Company became a deemed public limited company with effect from March 31, 2000 and the name of our Company was changed to "LG Electronics India Limited". Our Board took note of such conversion pursuant to a resolution dated March 15, 2000 consequent upon which, the Registrar of Companies, National Capital Territory of Delhi and Haryana situated at New Delhi, India endorsed such conversion on the certificate of incorporation dated January 20, 1997 with effect from March 31, 2000. Pursuant to the amendment in Section 43A of the Companies Act, 1956 by the Companies (Amendment) Act, 2000, and the approval of our Board on February 21, 2002, our Company's status was converted from a deemed public company to a private limited company consequent upon which, the name of our Company was changed to "LG Electronics India Private Limited", and the Registrar of Companies, National Capital Territory of Delhi and Haryana situated at New Delhi, India endorsed such conversion on the certificate of incorporation dated January 20, 1997 with effect from March 28, 2002. Subsequently, pursuant to resolutions passed by our Board and Shareholders dated November 8, 2024 and November 11, 2024, respectively, our Company was converted into a public limited company and consequently, the name of our company was changed to "LG Electronics India Limited", consequent upon which, a fresh certificate of incorporation dated December 3, 2024 was issued by the Registrar of Companies, Delhi and Haryana at New Delhi, India ("RoC").

Products & Services

• The Company manufactures and sells major home appliances and consumer electronics products in India. It sells products to B2C and B2B consumers in India and outside India.

Growth Strategy

• Build a strong foundation to capture long-term growth in India.
• Continue to be a brand of choice for every Indian household across volume and premium market categories.
• Diversify business model to create new consumer value.