The foundation of Panasonic Energy India Co. Ltd. formerly Lakhanpal National Ltd. was laid by Late Mr.Konosuke Matsushita and Mr.D.D.Lakhanpal on 15th August 1972 at G.I.D.C., Makarpura Industrial Estate, Vadodara. It was set-up in collaboration with Matsushita Electric Industrial Company Limited, Japan when India's former Prime Minister Late Mrs.Indira Gandhi had visited Japan. After being highly impressed by the business policy of Late Mr.Matsushita, Late Mrs. Indira Gandhi had decided to take technical & financial assistance to start dry cell battery unit in India. This unit was formed to meet the escalating needs of power and energy in India.
First manufacturing plant was started at Vadodara (Gujarat), the production commenced from July, 1973 with Metal Jacketed dry cell battery in UM-1 and UM-2 Hyper grade.
Second manufacturing plant of UM-3 Metal Jacketed dry cell battery was started in 1989 at Pithampur, Dist. Dhar (near Indore) M.P.