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Entrepreneur Year Book 2014 > Embedded > HARMAN International (India) Pvt. Ltd.

HARMAN International (India) Pvt. Ltd.

HARMAN International (India) Pvt. Ltd.
About us
HARMAN International (India) Pvt. Ltd., a wholly owned subsidiary of HARMAN International Industries Inc. designs, manufactures, and markets a wide range of infotainment and audio solutions for the automotive, consumer, and professional markets. It is a recognized world leader across its customer segments with safety and audio technologies, leading-edge connectivity and premium brands including AKG, Harman Kardon, Infinity, JBL, Lexicon, and Mark Levinson. The company is admired by audiophiles across multiple generations and supports leading professional entertainers and the venues where they perform. More than 25 million automobiles on the road today are equipped with HARMAN audio and infotainment systems. HARMAN has a workforce of about 14,900 people across the Americas, Europe, and Asia and reported sales of $4.5 billion for the 12 months ending September 30, 2013. The company's shares are traded on the New York Stock Exchange under the symbol NYSE:HAR.
Dinesh Paliwal
CEO:Dinesh Paliwal
FOUNDED:
1953
OFFICES:
USA, Mexico, Brazil, UK, France, Denmark, Switzerland, Germany, Netherlands, Austria, Hungary, China, Russia, India, Japan, Korea
KEY PERSON:
Dinesh Paliwal
Dinesh Paliwal, Chairman, President, and Chief Executive Officer: He instituted major change initiatives at HARMAN to simplify and strengthen the company's operations. These include the formation of a diverse and multi -cultural board, recruitment of a seasoned executive management team, expansion of the company's footprint and revenue in the emerging markets, propelling HARMAN's innovation pipeline dramati cally. He earned a Masters degree in Engineering from the Indian Institute of Technology (IIT Roorkee). He also earned a Masters degree in Applied Science and Engineering (1983) and went on to earn a Masters degree in Business Administrati on (1985), both from Miami University (Ohio). He has worked and lived in six countries on four continents, including the United States, China, Switzerland, Singapore, Australia, and India.
INVESTORS:
Widely held by institutional investors including Waddell & Reed, T. Rowe Price Associates, and BlackRock.
WEBSITE:
OFFERINGS:
HARMAN offers factory installed audio solutions and in-dash infotainment systems for automakers including navigation, hands-free calling, and digital connectivity. It also offers cloudbased software solutions to deliver audio content to in-car solutions, home audio systems including headphones, portables, loudspeakers, multimedia products, home theater systems, professional audio solutions for recording studios, stadiums, cinemas, houses of worship, and other large scale venues, as well as software networking solutions for sound tuning and control, electronic effects products for professional musicians, lighting and stage effects, and tour sound solutions.
DIFFERENTIATING FACTORS:
HARMAN is the only company serving audio needs from the time of studio recording. Its family of disti nguished brands enjoys a legacy spanning more than 60 years of leading-edge innovation and premium quality.
CLIENTELE:
HARMAN caters to some of the renowned names like BMW, Daimler, GM, Volkswagen Group, Ferrari, Fiat, Chrysler, Toyota, Best Buy, Media Markt/Saturn, Apple, Disney, AMC Theaters, and other leading global automakers, retailers, and venue operators.
REVENUE MODEL:
The company generates revenue through a mix of contracted design and manufacturing for automakers, B2B product sales to distribution partners for Professional products as well as retail revenue model for home audio lines and musician effects products.
WHAT NEXT:
Company is planning for active safety solutions integrated with infotainment systems, cloud-based services and connected lifestyle solutions. Company is committed to achieve industry leadership in market impact, shareholder value creation, and profi table growth.