Action Group (conglomerate)

Action Group
Private Company
Industry Conglomerate
Founded 1972 (1972)
Headquarters New Delhi, India
Key people
 Lala Mange Ram Agarwal, (Chairman)
Products Sports shoes, Steel, Chemicals, Retail, MDF, Particle board, UPS, Infrastructure and PVC
Revenue Increase INR 32 billion (2011)
Website http://www.actiongroup.co.in/

Action Group is a industrial conglomerate and manufacturer of the Action Shoes brand.

Various subsidiaries

Action Shoes is the most widely known business of the group.[1] The group started from the shoe manufacturing industry and upon its success spread to other fields of steel, chemicals, computer monitors, housing projects, health care and retails.[2] Cricketer Sachin Tendulkar was once its brand ambassador.[3] In the electronic field, the group has two brands of inverters of Microtek and Okaya. The group started with the business of interior infrastructure, named Action Tesa, and in the first year of 2011 had a turnover of ₹1.5 billion (US$22 million).[4] Under the business name of Action Ispat, the group owns two steel projects at Jharsuguda in Orissa and Raipur in Chhattisgarh, each with the capacity of 0.25 million tonnes and planned to expand the Orissa plant to 2.5 Metric ton by 2016.[2]

Other initiatives

In 2010, the Action Group, along with the NGO Manav Sevarth Trust opened the Action Cancer Hospital in Delhi. At the time of inauguration, which was done by the then President of India Pratibha Patil, the hospital had 150 beds.[15][16][17] It is also associated with Sri Balaji Action Medical Institute, New Delhi.[18]

Court Case for Microtek Inverters

Microtek Inverters which is owned by Action Group[6][11] was sued by a customer in 2003 as Microtek inverter in his house caught fire due to short circuit in inverter's unit. The filed a consumer complaint before the Delhi district forum, and the forum asked Microtek to pay a sum of Rs. 2,50,000 as compensation to the customer. Microtek filed for a revision before the national commission but lost.[19]

References

  1. ↑ "Action Ispat to expand steel capacity in Orissa". The Hindu. 5 April 2012. Retrieved 29 August 2013.
  2. 1 2 "Action Group to invest Rs 7,000 crore on its Odisha steel mill". Business Standard. 8 April 2012. Retrieved 29 August 2013.
  3. ↑ Rizvi, Ahmed Abbas (7 August 2002). "A brand name called Sachin Tendulkar". The Times of India. Retrieved 29 August 2013.
  4. ↑ Ghosal, Antara (6 March 2011). "Action Group to scale up electronic business". Financial Chronicle. Retrieved 29 August 2013.
  5. ↑ http://actionshoes.com/flashhome.html
  6. 1 2 3 4 5 Menon, Bindu (19 February 2011). "Action Group enters wooden laminate flooring biz". The Hindu. Retrieved 29 August 2013.
  7. ↑ "Welcome to Action Ispat & Power".
  8. ↑ "Action Group - Action Chemicals - Overview".
  9. ↑ "Welcome To Action Tesa".
  10. ↑ "Action Group - Retails - Overview".
  11. 1 2 "Microtek India's Best Home Inverter - Inverter Battery - UPS - Stabilizers".
  12. ↑ "Action Group - Pioneer Flex - Overview".
  13. ↑ "Suncity Projects".
  14. ↑ "Suncity in talks with PE firms to raise Rs 350 cr for IT SEZ project". The Hindu. 18 June 2008. Retrieved 29 August 2013.
  15. ↑ "West Delhi gets first cancer hospital". Hindustan Times. 3 April 2010. Retrieved 29 August 2013.
  16. ↑ "President opens Action Cancer Hospital in Delhi". The Hindu. 3 April 2010. Retrieved 29 August 2013.
  17. ↑ "actioncancerhospital – best cancer hospital in india".
  18. ↑ "Best Cancer Hospitals in India, Cancer Treatment Centers, Top Cancer Hospitals in India".
  19. ↑ "Company liable for losses from faulty items". Times of India. 23 March 2015.

External links

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