ABB Limited.pdf

FORTUNE 500 COMPANIES IN INDIA ABB LIMITED Background ABB’s origins in India go back several decades, when Asea set up as an agency in 1928. The company was incorporated in 1949 as the Hindustan Electric Company Limited, and later became Hindustan Brown Boveri Limited (HBB) in 1965. Following the amalgamation with Asea Limited in 1989 it became Asea Brown Boveri Limited and the name was changed to ABB Ltd. in 2003. ABB is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering negative environmental impact. The ABB Group of companies operates in around 100 countries and employs around 103,000 people. ABB India has 8 manufacturing units, 26 marketing offices, 8 service centres and 3 training centres across the country. In addition to these, the company has a channel partner network of around 500 partners to facilitate market penetration for its fast growing standard products and services business. The ABB Group has also established a corporate research base in India which focuses on software development and industrial IT development and deployment. It also helps maintain and support a range of software intensive products and acts as a partner for ABB RD centres as well as business areas within the group. ABB India’s capital expenditure in 2003 included an investment of US$ 10.9 million in 2003- 04 and the company plans to invest an additional US$ 17.7 million in 2004-05. ABB presently employs about 3,500 people in India. PAGE 22 SUCCESS STORIES Portfolio ABB is a leading player in power and automation technologies, with a varied range of offerings. ABB’s solutions facilitate the flow of electrical power from generating stations, transmitted through cross-country power lines. ABB’s distribution systems further help in bringing electric power from high-voltage substations to end-users. ABB delivers end-to-end solutions, playing a key role in electrification and energy projects, both new and retrof