Luminous Power Technologies has unveiled ambitious plans to become India’s leading provider of future-ready sustainable and energy-efficient products. The company, which is celebrating the completion of 30 years of excellence has identified the solar sector as a growth area where it offers consumers complete end-to-end residential solar solutions. In the last 10 years alone, Luminous has invested close to INR 1,000 crores in North India alone and it plans to significantly ramp up investments in the next three to five years in R&D to develop innovative home electrical solutions for the India market.
Commenting on the company’s plans on the occasion, Mr. Vipul Sabharwal, Managing Director, Luminous Power Technologies, said, “The last 30 years have been a great journey for the brand. Our aim is to further strengthen our presence and empower India by making three out of every five homes, a Luminous home by 2022. The Luminous brand caters to over 70 million Indian consumers today, and we expect 50% of our growth to come from our solar and home electrical products in the next five years.”
We strongly support the Government of India’s vision of ‘Make in India’ and are proud to share that we manufacture 85% of our products in India. Although, a part of a global electricals leaders, our Indian roots enable us to understand the needs of our consumers and develop innovative products to make life comfortable and efficient for every Indian”, added, Mr. Sabharwal.
States like Punjab, Haryana and Himachal Pradesh are the company’s biggest growth drivers, making north India a priority market for the brand. These states have accounted for 22 % of growth in the last five years. Luminous Technologies’ headquarters and R&D facility are based in Haryana while Himachal Pradesh is home to six manufacturing units and the company’s largest warehouse in India. With 12000 channel partners in Punjab, Haryana and Himachal, Luminous has a far-reaching network across these states.