EIL meaning in Business ?

Exide Industries Limited is an Indian multinational storage battery manufacturer and life insurance company, headquartered in Kolkata. It is the largest manufacturer of automotive and industrial lead-acid batteries in India and fourth largest in the world. It has plants in India and Sri Lanka and dealership network in 46 countries spanning across 5 continents. Exide also has four major lead-acid battery recycling facilities — two of which are in the United States, and Spain and Portugal each have one as well. The company claims that 99 percent of lead processed through these facilities is recycled.

In January 2013, Exide Industries acquired 100% of the equity capital of ING Vysya Life Insurance. In May 2014, the name of ING Vysya Life Insurance Company Limited was changed to Exide Life Insurance Company Limited.

The company has seven factories located across the country – two in Maharashtra, two in West Bengal - Shamnagar (Mother plant) & Haldia, one in Tamil Nadu Hosur, one in Haryana and two in Uttarakhand. Exide is the only company which provide submarine batteries to Indian Navy.