Monday, February 8, 2010

BAJAJ ELECTRICALS LIMITED.

Bajaj Electricals Limited, is in the business of small appliances,fans,lighting and Industrial luminaires has distribution arrangements with Trilux Lenze of Germany(for luminaires),Delta controls of canada(for building management systems)and Securiton of Switzerland (for security systems),Morphy Richards of UK and nardi of italy(for appliances),Disney of USA &Midea of China(for fans).

The company has also invested in Starlite Lighting to manufacture energy saving Compact Fluorescent Lamps(CFL).

Bajaj Electricals Ltd. has six strategic business units viz: Engineering & Projects,Appliances,Fans,Luminaires,Lighting and Morphy Richards.The company has declared its 9 month results (as on 31.12.2009). The net sales/ income from operations has increased by 31% at Rs.1470 crores as against Rs.1122 crores for the corresponding period last year.The profit Before Tax has increased by 84% to Rs.120 crores from Rs.65.4 crores and the net profit for the period has grown by 91% to Rs.79.6 crores from Rs.41.7 crores for the corresponding period last year.

Addressing the Media in Bangalore,Mr.Sekhar Bajaj ,Chairman of the company said that they hope to close the year (2009-10) with Rs.2201 crores and wants to reach a turnover of Rs.5000 crores in 4 years. He further said that the lighting in the Bandra-Worli sea link is done by the company and the street lighting of the biggest mall located in Dubai was also done by the company. The company will also be doing the street lighting of the road for 150 kms leading to the Common Wealth games venue will also be done by the company.

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