Speaking on the occasion, Shri C.G.S. Mani, Executive President and Head of Lighting BU - Bajaj Electricals Ltd, said “It gives me immense pleasure to launch the Megaman, Hyperion Range and LEDZ in Bangalore as the city has always been an important market for us at Bajaj Electricals. We are sure our consumers here will be as excited as we are about the new additions to the Bajaj Lighting range. Our latest offerings in the segment as high on energy-efficiency and are extremely eco-friendly. ”
As President of Elcoma, the apex body for the Lighting Industry in India, Shri C.G.S. Mani added “We have set various standards in the LED offering to curb inferior products. We have also worked closely with several state governments to ensure that these products are accessible to the consumer by reducing duties and taxes.”
He further added, “With the lineup of our new products and many new projects and offerings in the pipeline, we are confident of having a great 2012, whereby we are aiming for Rs. 551 crores in this financial year with a growth of 30% and CAGR of 25%”.
The company’s lighting division in the South is growing at 55% with a CAGR of 47% over 4 years
The event was graced by Shri C.G.S Mani, Exec. President & Head of Lighting BU - Bajaj Electricals Ltd, Shri Rohit Kumar, National Head –Sales (Lighting BU), Mr. R. Baraneetharan - DGM Business Development Lighting BU, Mr. Ravi Grover – Sr. Manager Marketing, CL and Mr. R. Viswanath – G.M. and R.M. South.
Megaman
MEGAMAN offers over 400 high – quality products that are perfect eco-replacements for traditional incandescent, halogen and metal halide lights. Megaman lamps are specified in low energy building projects around the world.
Committed to sustainable development and environmental management, we incorporate eco-elements into every stage of the product life cycle, including research and development, design, manufacturing, office system, packaging, disposal and recycling through a ‘Design for Environment’ program.
Bajaj Hyperion
The decorative home lighting market has a large potential in the fast paced urban race that has taken over India. Currently players haven’t exploited this to its fullest. Bajaj Lighting with its backing of decades of trust and commitment to technological development has recently entered this premium segment with two ranges - Bajaj Hyperion followed by Bajaj iLED to be launched subsequently. With an offering that caters to varied segments Bajaj is all set to light up the home decorative market.
Bajaj Hyperion is available in International designs and with Energy saving, green technology features. The product range will be launched across the country. Some of the premium items in the Hyperion range are – Ceiling lights and Wall lights primarily used as decorative lighting products to add splendor to rooms. These products will use CFLs / T5 as their light source.
Bajaj LEDZ
Bajaj LEDZ range includes products like Bulbs and Tubes which use LED as the source. These products are direct replacement of conventional ICD Lamps, Candle Lamps, MR 16 lamps and FTLs. These products have long life (>25k) and give 8 times more light.
About Bajaj Electricals
Bajaj Electricals Limited has six strategic business units – Engineering and Projects, Appliances, Fans, Lighting, Luminaires and Morphy Richards. Bajaj Electricals Ltd is well established in a wide range of products such as lamps, tube lights & CFLs, luminaires, small household appliances, ceiling fans and table fans as well as turnkey engineering services. The company is also into Transmission Line Towers manufacturing and Rural Electrification.
For the Financial Year ended 31st March, 2012, Net sales / Income from operations is higher by 13.0 % at Rs. 3099.0 Crore as against Rs. 2741.4 Crore during the same period of the previous year. However, the Profit before Tax has de-grown by 19.5 % to Rs. 176.0 crore from Rs. 218.6 crore and the net profit for the period has de-grown by 18.0 % to Rs. 117.9 crore from Rs. 143.8 crore over the corresponding period of the previous year.
During the fourth quarter 2011-12, the Lighting Segment of the Company continued to perform well with Total Revenue of Rs. 247.9 crores and growth of 23.1% over the corresponding quarter of previous period. During the Year ended 31st March, 2012, Lighting Segment have registered Total revenue of Rs. 764.8 crores respectively, a growth of 21.2% over the corresponding previous period
Awards
Bajaj Electricals Limited has received various accolades and awards for its Brand and advertising campaigns, one of them being the Gold Award for Reader’s Digest - Most Trusted Brands Awards received by Bajaj Lighting.
Sourced From: Pepper Interactive Communications
