[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] The demerger plan was announced in July 2014 and it was completed in 2016 with the creation of CG Power and Industrial Solutions and Crompton Greaves Consumer Electricals Limited.
[9][10] At the time of demerger, Gautam Thapar, the former chairman of combined Crompton Greaves Limited, sold his 34% stake in CGCEL to Advent International and Temasek Holdings for ₹2000 crore.
[14][15] In November 2017, Reuters reported instances of "prescient messages" regarding the performance of 12 Indian companies in WhatsApp groups and it included Crompton.
[16] The information contained upcoming quarterly results, including specific metrics such as net profits, revenues, and operating margins.