Luminous Power is aiming for Rs 6,000 crore turnover by FY25 and also plans to invest Rs 500 crore in 3 years.
Now entirely owned by French engineering company – Schneider Electric, the Luminous Power will invest around Rs 500 crore in the coming three years for increasing manufacturing capacity and ramping up logistics along with marketing.
Sabharwal told to PTI, “We would continue to maintain the same rate of growth as we go along. We have very well invested in our products, brand and consumer-centric innovations. We have a strong pipeline for the products, which would come in the next six months to one year.”
“Luminous Power would continue its consumer-centric innovations and create categories in solar and home electrical businesses. We would be potentially at Rs 6,000 crore turnover in the next four-five years (by FY 2025),” he added.
Luminous Power Technologies claims to be a powerful and trustworthy brand with a wide range of products in the power backup, home electrical and residential solar space that covers, inverters Batteries, Solar solutions to home electricals offerings such as Fans, Modular Switches and LED lighting.
With 7 manufacturing units, more than 28 sales offices in India and presence in over 36 countries, its 6000 employees serve more than 60,000 channel partners and millions of customers.
