Standard Batteries

The Standard Batteries Limited is an Indian company that was principally engaged in the business of dealing in steel and metals. Historically, it was a leading manufacturer of lead acid batteries for industrial and automotive use, a business which it exited in 1998. The company is also active in financial services, which includes providing loans to corporations, bills discounting, and factoring services. To sustain itself, the company focuses on optimizing funding costs, identifying new business areas, widening its reach, and using technology efficiently. Its operations are concentrated in a single segment, which is the trading of steel products. The company's Board is hopeful of recovering a significant loan and thereby improving the return on net worth of the company.;