In 1990, Havells India Limited inaugurated a new manufacturing plant for Changeover Switches in Sahibabad, UP. By 1993, the company was listed on the NSE and BSE following an IPO. The acquisition of a wires and cables plant in Alwar, Rajasthan, in 1996 from Surya Cable expanded its presence in India, marking its entry into the wires and cables sector.
In 2000, Havells acquired a controlling stake in industry major Standard Electricals Ltd. The company further diversified its presence by establishing a manufacturing plant in Haridwar, Uttarakhand, for fans in 2005. The merger of Standard Electricals Ltd with Havells India Limited occurred in 2011. In 2017, the company ventured into the personal grooming business and acquired the consumer durables business of Lloyd Electric and Engineers Ltd, leading to its expansion into other sectors like air conditioning, LED TV, and washing machines.