Whirlpool entered into the Indian market in late 1980s as a part of global expansion by forming a joint venture with TVS group. Whirlpool acquired Kelvinator India Ltd in year 1995 and entered into refrigerator segment. Company has merged Kelvinator and TVS Whirlpool in 1996, which has expanded product portfolio in India to washing machines, refrigerator, microwave ovens, air conditioners, water purifiers, deep freezers, coffee grinders, dish washers and a premium range of frost-free refrigerators. It owns 3 Manufacturing Plants (Faridabad, Pune, and Puducherry).
Annual Report Review – FY19-20
Disclaimer: This is not a recommendation to Buy-Sell-Hold. This post is just for an educational purpose.