Havells Insures Growth Strategy With A Stake In Goldi Solar

Power punch Cables, Lloyd and electrical consumer durables together formed over 70% of Havells' 9MFY25 revenue.

- Manvi Agarwal

Havells India Ltd is buying insurance against a policy-driven supply squeeze in solar components. The consumer electricals major has picked an 8-9% stake in mid-sized solar module maker Goldi Solar for ₹600 crore—securing domestic capacity in a sector where the government is actively curbing import dependence through the BIS regime.

Havells already sells inverters, modules, solar cables, and DC switchgears under its 'others' segment, which contributed ₹1,000 crore—or 6.6%—to 9MFY25 revenues. While still small, the segment's growing relevance makes supply security a strategic call.