Tuesday, July 08, 2014: Lighting components manufacturer NTL Electronics rests its stakes on the LED technology to be able to fuel its future growth. The company expects its OEMs and branded label businesses to triple up in revenue in the next five years.
The LED market is growing at a CAGR (compounded annual growth rate) of 40-45 per cent and it is sure to rub off this ‘midas touch’ to other parts of the lighting market in the coming years.
“Though the company’s operations started in the year 1993, its lighting journey began only in 2002. From very humble beginnings, it has grown to about Rs 750 crore in revenue in a span of just over 10 years. NTL makes electronic ballasts for compact fluorescent lamps (CFLs), luminaries, control gear and transformers across seven manufacturing plants with a capacity of 1.8-lakh units a month. It supplies to almost all leading lighting companies in the country,” said Arun Gupta, managing director of NTL Electronics .
It is noteworthy to know that NTL Lemnis is a joint venture company between NTL Electronics India and Lemnis Lighting, the Netherlands. Brought into being in 2012, the company manufactures, designs, and sells energy efficient LED lighting solutions for Indian as well as global patrons. A chunk of the company’s sales now take place outside India as it powers Lemnis’ global presence.
The company went on to sledgehammer a turnover approximating Rs 600 million for last year. NTL plans to invest close to Rs 500 million this year on manufacturing, followed by R&D and market development to cleave its foray in India. The expansion however would not be a pan-India one as it is wholly a new business segment for NTL, Gupta supplemented. It demands for marketing, sales and regional presence, all of which the company intends to build cautiously founded on demand.
