LG Electronics India Lists on NSE, Unveils Vision to Become a National Corporation of India

Business

LG Electronics India Lists on NSE, Unveils Vision to Become a National Corporation of India

LG Electronics (LG) announced the successful listing of its subsidiary, LG Electronics India Limited (LGEIL), on the National Stock Exchange of India (NSE), marking a significant milestone in its journey to become a national corporation of India and a long-term partner in the country’s economic growth.

The listing ceremony, held on October 14 at NSE in Mumbai, was attended by William Cho, CEO of LG Electronics; Chang-tae Kim, CFO of LG; Hong-ju Jeon, Managing Director of LGEIL; Dae-hyun Song, Board Chairman; and Ashish Chauhan, CEO of NSE, along with investors and market analysts. Cho and Chauhan jointly rang the ceremonial gong to mark the commencement of LGEIL’s trading on the exchange.

In its initial public offering (IPO), LG offered 15 percent of LGEIL’s issued shares — 101.8 million shares — through an offer for sale priced at INR 1,140 per share, the top of the indicative range. The IPO was oversubscribed 54 times, generating approximately USD 1.31 billion (INR 116.05 billion).

With this listing, LGEIL deepens its roots in India, reinforcing its role in a rapidly expanding consumer market driven by rising income levels and a growing middle class. According to Boston Consulting Group, India’s middle-income households (annual income between USD 6,000–36,000) are projected to increase from 29% in 2020 to 46% by 2030, creating strong momentum for appliance and electronics adoption.

“India is now at the center of our Global South strategy,” said William Cho. “We look forward to advancing the growth of both LG and LGEIL as we strengthen our presence and partnership in this vital market.”

Threefold Vision for India’s Future

Alongside the listing, LG announced a long-term roadmap under the theme “Make for India, Make in India, Make India Global.”

Make for India: LG will continue developing products tailored to Indian lifestyles, emphasizing affordability, cultural design elements, and local preferences.
Make in India: Aligning with India’s manufacturing ambitions, LG is investing INR 50.01 billion in a new facility in Sri City, complementing its existing Noida and Pune plants. The expansion is expected to generate 1,900 direct and indirect jobs and strengthen LG’s self-sufficient value chain encompassing R&D, production, and services.
Make India Global: This phase focuses on positioning India as a key innovation and manufacturing hub within LG’s Global South strategy, driving exports, advanced R&D, and sustainable growth.

Beyond manufacturing, LGEIL aims to strengthen customer engagement through improved after-sales service and expanded Annual Maintenance Contract (AMC) programs. The company is also accelerating its B2B portfolio, providing advanced solutions for commercial, HVAC, and display technologies.

Through its ongoing investments and partnerships, LG aims to grow in tandem with India’s economic rise, supporting its transformation into a global innovation hub and reinforcing LG’s standing as a trusted national company that represents India’s potential to the world.