Hindware Establishes New Subsidiary for Consumer Products Expansion
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India: Hindware Home Innovation Limited has set up a wholly owned subsidiary, HHIL Limited, as part of its strategy to expand in the consumer products segment. The new entity has been incorporated with an authorised share capital of INR 10 crore (USD 1.2 million) and will focus on selling kitchen and consumer appliances through multiple distribution channels.
The establishment of HHIL Limited is expected to strengthen Hindware’s market position by broadening its product portfolio and enhancing operational capabilities. The move aims to expand the company's reach in the consumer products sector while offering potential benefits to stakeholders through improved market presence and distribution efficiency.
Source: Tip Ranks