LG Electronics IPO IPO

LG Electronics India, established in 1997, is a subsidiary of South Korean multinational LG Corporation. The company manufactures and distributes home appliances and consumer electronics in India, offering products such as refrigerators, washing machines, air conditioners, televisions, and microwave ovens. It operates across two business segments: Home Appliances and Air Solutions, and Home Entertainment. The company has two manufacturing facilities located in Noida and Pune, with local manufacturing accounting for approximately 97–98% of its product output. Its distribution and service network includes 25 warehouses (comprising central and regional distribution centres), 949 service centres, and 12,590 service engineers. LG Electronics India is supported by 31,291 sub-dealers and had over 36,000 B2C touchpoints as of June 30, 2024. Serving both B2C and B2B customers in India and international markets, the company’s business is backed by a network of 472 B2B trade partners. LG Electronics India benefits from its parent company’s global supply chain, R&D, and brand recognition while maintaining a strong local presence. Its operations are aimed at providing installation, repair, and maintenance services, along with sales, through a wide-reaching service infrastructure.

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