Company Market Research Report: Bosch Limited
Company Overview
Name and Mission of the Company
- Name: Bosch Limited
- Mission: Bosch aims to use technology to help shape universal trends such as automation, electrification, digitalization, connectivity, and sustainability. Their purpose is epitomized by the slogan, "Invented for life."
Founding Details
- Founded: No specific date for Bosch Limited in India. However, Robert Bosch founded the parent company in 1886.
- Founder: Robert Bosch
Key People in the Company
- Board of Management as of July 1, 2023:
- Guruprasad Mudlapur
- Sandeep Nelamangala
- Karin Gilges
- Dr. Hueseyin Oezmeral
Headquarters
- Headquarters Location: No information is available.
Number of Employees
- Employees: Over 38,700 associates in India.
Revenue of the Company
- Revenue:
- Consolidated Sales: ₨.30,368 crores (3.7 billion euros) for fiscal year 2022-23.
- Bosch Limited: ₨.14,929 crores (1.67 billion euros).
What is the Company Known For
- Bosch is known for being a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology.
Products
Offerings
Bosch offers a wide array of products in various sectors:
1. Mobility Solutions
Bosch develops innovative solutions that facilitate new mobility offerings, including private and commercial vehicles, multimodal transportation services, fleet management, or smart transport infrastructure. This sector also includes Mobility Aftermarket and Bosch Car Service.
2. Home Appliances
Bosch Home Appliances focuses on providing intelligent, reliable, and appealing solutions to make life easier every day.
3. Industrial Technology
Includes drive and control technology via Bosch Rexroth, energy and building solutions, engineering and business solutions, and power tools for professionals.
4. Energy and Building Technology
Bosch supplies connected and integrated solutions that aim to increase security, efficiency, and comfort in industries and commercial buildings.
5. Security Solutions
The portfolio includes video surveillance, intrusion detection, fire detection, voice evacuation systems, and access control and management systems.
High-Level Descriptions and Key Features
Mobility Solutions
- Description: Combines hardware, software, and services to offer full-fledged mobility solutions.
- Key Features:
- Connected Mobility
- Automated Mobility
- Powertrain Systems
Home Appliances
- Description: Provides smart home solutions for aesthetics and functionality.
- Key Features:
- Intelligent systems designed for everyday facilitation.
Industrial Technology
- Description: Includes mobile applications, factory automation, and engineering.
- Key Features:
- Cutting-edge technology
- Versatile and resource-conserving solutions
Energy and Building Technology
- Description: Offers high-security, efficiency, and comfort solutions.
- Key Features:
- Connected and integrated systems
- Advanced technology
Security Solutions
- Description: Covers a range of safety and security products.
- Key Features:
- Video Surveillance
- Intrusion and Fire Detection
- Voice Evacuation Systems
Recent Developments
What are the Recent Developments in the Company
1. New Products:
- FLEXIDOME Cameras: "Made in India" FLEXIDOME cameras launched on August 1, 2024.
- Local Fire Detectors - Avenar: New assembly line announced on June 18, 2024, for locally made fire detectors.
2. Financial Performance:
- Q1 FY 2024-25: Financial results announced on August 7, 2024.
- FY 2023-24: Registered a 14.9% Profit After Tax.
3. Surveys and Reports:
- Bosch Tech Compass Survey 2024: Reveals India's readiness to embrace the AI era announced on May 24, 2024.
4. Corporate News:
- New Campus Launch: The Prime Minister launched Bosch’s ₹800 crore revamped campus in Bengaluru.
New Features Added to Existing Products
- No information is available.
New Partnerships
- No information is available.
Conclusion
This report delves into the notable aspects of Bosch Limited, ranging from its comprehensive product portfolio across multiple industries to its significant recent corporate developments. Bosch continues to innovate and lead in various sectors, reinforcing their commitment to improving the quality of life through technology that is "Invented for life."