Havells subsidiary to fully acquire Salesmark ventures

Havells International Inc., a wholly-owned subsidiary of Havells India Limited, has decided to acquire the remaining 20% stake in Salesmark Ventures LLC. This acquisition will result in Havells HVAC LLC becoming a wholly-owned subsidiary of Havells International Inc. The executive committee of Havells India Limited's board of directors noted this development in a meeting held on October 6, 2025.

This decision follows an earlier joint venture agreement, which established Havells HVAC LLC with a share capital split of 80:20, with Havells International Inc. and Salesmark Ventures, LLC, respectively.

Salesmark Ventures, LLC, a company organized under the laws of Florida, USA, was established to market and sell portable air conditioning units and related accessories belonging to brands owned by Havells India Limited within the United States. The full acquisition strengthens Havells' control over these US operations.