Business Description
3M India Ltd (3M India), a subsidiary of 3M Co, is an industry equipment company that manufactures, markets various products, and provides services to the industrial, transportation & electronics, healthcare, display, graphics, consumer, office and supply markets in India. Some of its major brands include Scotch-Brite, Scotch, Nexcare, Command, Littmann and Post-it.
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R&D Overview
The company’s R&D focuses to manufacture new applications, goods, and services for the Indian subcontinent according to customer preferences. The Safety & Industrial Business segment launched Antimicrobial Smoggy, Nano 2.0 gear and 981CP Cubitron 2 Fiber Disc. Transportation & Electronics Business segment launched CR all Weather Elements, Stamar Tape for Road Safety applications and muPhony 2.0. Health Care Business segment established customer technical center and developed Life assure PDA filter specified for Bio pharma applications. Consumer Business segment launched Scotch Brite disinfectant wipes as part of Home Care product solution and Premium Kitchen Squeegee & Utility Brushes. In Bengaluru, the company has a Customer Innovation Center (R&D Center). The Emissions Solutions application engineering lab is being built at 3M Bangalore R&D Center. It has manufacturing facilities in Ahmedabad, Bengaluru, and Pune and has corporate office in Bengaluru. In FY2023, the company’s R&D expenditure stood at INR469.0 million, which is 1.26% of the total revenue.
Business Segments
Overview
-Offers stationery products, home care, office supply and protective material. -Major brands include Scotch brand and Post-it brand. -The segment continued to invest in brands including Scotch-Brite, Post-It, Scotch, Command through various brand building activities in mass media, points of sale and digital media.
Performance
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Overview
-Offers medical devices, medical and surgical supplies, skin, wound care and infection prevention products, dental and orthodontic products, drug delivery systems, and food safety products. -Plans to continue to focus on market development through its online education platform through 3M Health care academy.
Performance
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Overview
-Provides products and services to the electrical, industrial, and safety industries across the world. -Safety and Industrial Business segment comprises personal safety, abrasives, industrial adhesives and roofing granules, masking tape, packaging tape and personal care portfolios, Wire & cable, lighting, power cable connectors and major automotive products such as signage & marking, Insulation.
Performance
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Overview
-Serves transportation and electronic original equipment manufacturer (OEM) customers. - -Provides electronics, automotive and aerospace, advanced materials, commercial solutions, and transportation safety. -Graphics business further classified into Traffic Safety Systems Division (TSSD), Architectural Markets Division (AMD), Commercial Graphics Division (CGD) and Mobile Interactive Solutions Division (MISD). -Retro reflective road signs for highways and localities, as well as pavement marking and vehicle registration offerings, are all available from TSSD. -AMD products include wall and glass cladding products coupled with environmental graphics for home and office spaces and architectural interior services. -CGD products include inks, films, digital signage systems and related products. -MISD products include computer and ATM-screen privacy filters, projection systems, and brightness enhancement films for television, avionics and automotive displays.
Performance
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