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The company was established in 1937 as Crompton Parkinson Works Limited, a wholly-owned subsidiary of Crompton Parkinson.In 1947, it was acquired by Karam Chand Thapar. [6] [7] The company was established in 2016 as an outcome of the demerger of Crompton Greaves Limited which separated the latter's consumer goods business from the power and industrial systems segment. [8]
Col. R. E. B. Crompton founded R.E.B. Crompton & Company in 1878. The company was merged with F.A. Parkinson in 1927 to form Crompton Parkinson Ltd. Greaves Cotton and Company, established by James Greaves in 1859, was appointed as their concessionaire in India. [4] The company was incorporated on 28 April 1937 as Crompton Parkinson Work ...
Close cooperation with Crompton Greaves continued, and Lucy’s had high expectations for this venture in one of the world’s fastest-growing markets. In 2003 it was announced that Lucy Electric would move to Thame; by 2005, it was installed there, and Eagle Works was cleared for redevelopment.
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During the 1930s, the company built a large factory at Guiseley near Leeds where most of its lamp and electric motor manufacturing was based. The lamp works closed in 2002, and the adjacent electric motor works closed in 2004. The entire site was demolished in 2006, [15] with the clock tower preserved and relocated to a new car park adjacent to ...
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