Finance
Reliance buys home appliances maker Kelvinator from Sweden's Electrolux
Published by Global Banking & Finance Review®
Posted on July 18, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 18, 2025
1 min readLast updated: January 22, 2026
Reliance Industries acquires Kelvinator from Electrolux, expanding into the consumer durables market. Electrolux reports a gain of 180 million Swedish crowns.
(Reuters) -India's Reliance Industries said on Friday its retail unit has acquired home appliance maker Kelvinator from Electrolux, as it looks to expand into the fast-growing consumer durables market.
Electrolux in a quarterly earnings update recognised a gain of 180 million Swedish crowns ($18.5 million) from the divestment of Kelvinator brand in India.
Reliance did not disclose financial details of the deal.
Kelvinator is best known for its range of refrigerators.
Reliance Retail has a network of 'Reliance Digital' stores that sell electronics, ranging from smartphones and laptops to washing machines and fridges. The company's investors include the likes of Qatar Investment Authority and KKR.
($1 = 9.7064 Swedish crowns)
(Reporting by Manvi Pant; Editing by Nivedita Bhattacharjee and Mrigank Dhaniwala)
Reliance Industries acquired the home appliance maker Kelvinator from Electrolux.
Electrolux recognized a gain of 180 million Swedish crowns, equivalent to $18.5 million, from the divestment of the Kelvinator brand in India.
Kelvinator is best known for its range of refrigerators.
Reliance Retail operates a network of 'Reliance Digital' stores that sell a variety of electronics, including smartphones, laptops, washing machines, and refrigerators.
No, Reliance did not disclose any financial details regarding the acquisition of Kelvinator.
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