Company Directory - Whirlpool of India Ltd.
Company Details - Whirlpool of India Ltd.
Whirlpool of India Ltd.
WebsiteIndia
Whirlpool of India is a subsidiary of Whirlpool Corporation that operates in the Indian market, specializing in the distribution and sale of home appliances. The company offers a diverse portfolio of products ranging from refrigerators and washing machines to air conditioners and kitchen appliances, aiming to meet the varied needs of Indian consumers with a focus on quality and innovation.
CCI Score
CCI Score: Whirlpool of India Ltd.
38.17
-0.02%
Latest Event
Whirlpool Corp. Sells Down Stake, Boosting Local Autonomy
Whirlpool Corporation announced plans to reduce its ownership in Whirlpool of India Ltd. from 51% to about 20% by mid-to-late 2025 through market sales, aiming to grant more local autonomy while maintaining brand and technology agreements.
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DISSENTER
Whirlpool of India Ltd. is currently rated as a Dissenter.
Latest Events
- JAN302025
Whirlpool Corporation announced plans to reduce its ownership in Whirlpool of India Ltd. from 51% to about 20% by mid-to-late 2025 through market sales, aiming to grant more local autonomy while maintaining brand and technology agreements.
+30
Economic and Structural Influence
March 28
The planned reduction in majority ownership is seen as a move to decentralize corporate control, granting the Indian subsidiary more autonomy. This increased local decision-making power could lead to better responsiveness to local worker rights and community needs, thereby reducing the over-centralized authoritarian influence typical of tightly-controlled corporate structures.
Whirlpool Corporation plans to reduce holding in Indian arm to 20% by mid to late 2025
- JAN302025
Whirlpool Corporation announced its intention to sell down its ownership interest in Whirlpool of India Ltd from 51% to approximately 20% by mid to late 2025, a move intended to grant increased autonomy to the Indian subsidiary in response to evolving market conditions.
+15
Economic and Structural Influence
March 28
Reducing the ownership stake of a parent company can decentralize corporate power and increase local autonomy, which can be seen as a move that diminishes the concentration of corporate control. From an anti-authoritarian perspective, promoting a more autonomous and responsive local entity may help mitigate risks of oligarchic influence, thereby earning a positive score under Economic and Structural Influence.
Whirlpool Corporation hints at trimming down its ownership in India unit to 20% by mid to late 2025
- JAN012024
In its 2024 Sustainability Report, Whirlpool detailed updates to its Supplier Code of Conduct (SCoC) and expanded its sustainability assessments. The report outlines initiatives to enhance on-site audits, improve supplier education and capability, and evaluate suppliers on labor, human rights, and overall supply chain ethics, particularly in high-risk labor areas.
+60
Labor Relations and Human Rights Practices
March 28
The report details enhanced assessments and remedial support for suppliers with higher labor-related risks, emphasizing improvements in worker health, safety, and rights. These actions contribute positively to labor relations and human rights practices.
+60
Supply Chain Ethics
March 28
The initiative includes robust supplier sustainability assessments and improvements in supply chain transparency and ethical sourcing practices, including remedial support when issues are identified. These measures are designed to strengthen supply chain ethics and ensure compliance with high labor and environmental standards.
- NOV302023
Whirlpool Corporation was recognized with a perfect score of 100 on the Human Rights Campaign Foundation's 2023-2024 Corporate Equality Index. The achievement highlights the company's strong commitment to LGBTQ+ workplace equality, underpinned by effective non-discrimination policies, equitable benefits, and active employee resource groups that foster a diverse and inclusive work environment.
+90
Labor Relations and Human Rights Practices
March 28
The event demonstrates a strong commitment to worker rights and workplace equality through exemplary DEI policies, evidenced by a perfect score on the Corporate Equality Index. Such outcomes support marginalized communities and align with anti-authoritarian, inclusive business practices.
- MAR012023
Whirlpool Corporation’s global policy on political activities explicitly prohibits the use of corporate funds for contributions to political candidates, parties, and related organizations, and confirms the termination of its federal Political Action Committee (PAC) as of March 2023. This policy emphasizes oversight and bipartisan engagement through thorough review by its Board’s Corporate Governance and Nominating Committee, reflecting a commitment to transparent, non-partisan public policy advocacy.
+60
Political Contributions and Lobbying Efforts
March 28
By terminating its federal PAC and establishing a stringent global policy that prevents the use of corporate funds for political contributions and partisan activities, Whirlpool Corporation is reducing the risk of undue partisan influence including support for authoritarian or far‑right agendas. This move aligns with progressive, anti‐fascist principles by promoting transparency and limiting political favoritism.
- JAN012006
Whirlpool Corporation has established a comprehensive Supplier Code of Conduct that mandates ethical standards for its suppliers. Instituted in 2006 and continuously updated, the Code requires adherence to labor laws, bans forced labor and human trafficking, and enforces rigorous supply chain transparency including conflict minerals due diligence and regular third‐party audits.
+40
Supply Chain Ethics
March 28
The Supplier Code of Conduct obligates suppliers to follow ethical sourcing practices and strict labor standards. By enforcing transparency, independent audits, and compliance with anti-forced labor provisions, Whirlpool is taking positive measures to prevent exploitative practices and indirectly counter authoritarian business behaviors.
+35
Labor Relations and Human Rights Practices
March 28
The Code explicitly prohibits involuntary or forced labor and upholds human rights standards, reflecting a commitment to protect workers and marginalized communities. This focus on ethical labor practices contributes to the company’s resistance to authoritarian and exploitative norms.
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Industries
- 335220
- Major Household Appliance Manufacturing
- 335999
- All Other Miscellaneous Electrical Equipment and Component Manufacturing
- 335224
- Household Cooking Appliance Manufacturing
- 335228
- Other Major Household Appliance Manufacturing