RR Kabel buys Luminous� home electrical business from Schneider
15 Apr 2022
2 Min Read
CW Team
RR Kabel announced that it had acquired the home electrical business (HEB) of Luminous Power from the French engineering firm Schneider.
Managing Director of RR Kabel, Shreegopal Kabra, told the media that this acquisition would boost RR Kabel's consumer electrical business, which includes fans, lights and electrical appliances.
The transaction of this acquisition might complete in May this year.
Earlier, Schneider had acquired a 74% stake in Luminous Power and, in 2017, acquired the remaining 26%.
Luminous HEB consists of fans and lights. It would help RR Kabel enter into the premium segment of this category.
Recently, Luminous introduced its series of energy-efficient star-rated premium designer fans in India.
Under this deal, RR Kabel can use the Luminous brand for four years for the existing product lines of fans and lighting under a Brand Licensing Agreement (BLA).
CEO of Consumer (FMED) Business of RR Kabel, Vivek Abrol, said after the acquisition that the company is reorienting its target for this segment.
He said that the company had planned to touch a Rs 1,000 crore revenue in 3-4 years from this segment, and after this acquisition, it has been reoriented. The company is now aiming to reach the Rs 2,000 crore mark in 5-6 years.
The company has a revenue of Rs 300 crore from the fan and light segment. It is backed by TPG Capital, a US-based firm that has invested and owns a minority stake.
Kabra said that RR Kabel's overall revenue is around Rs 5,400 crore, and the company expects to reach the Rs 10,000 crore target in the next two years.
Also read: Tata Value ÑDz©ÌåÓý¹ÙÍøÊ×Ò³s to pump Rs 600 cr in Eureka Park project in Noida
RR Kabel announced that it had acquired the home electrical business (HEB) of Luminous Power from the French engineering firm Schneider.
Managing Director of RR Kabel, Shreegopal Kabra, told the media that this acquisition would boost RR Kabel's consumer electrical business, which includes fans, lights and electrical appliances.
The transaction of this acquisition might complete in May this year.
Earlier, Schneider had acquired a 74% stake in Luminous Power and, in 2017, acquired the remaining 26%.
Luminous HEB consists of fans and lights. It would help RR Kabel enter into the premium segment of this category.
Recently, Luminous introduced its series of energy-efficient star-rated premium designer fans in India.
Under this deal, RR Kabel can use the Luminous brand for four years for the existing product lines of fans and lighting under a Brand Licensing Agreement (BLA).
CEO of Consumer (FMED) Business of RR Kabel, Vivek Abrol, said after the acquisition that the company is reorienting its target for this segment.
He said that the company had planned to touch a Rs 1,000 crore revenue in 3-4 years from this segment, and after this acquisition, it has been reoriented. The company is now aiming to reach the Rs 2,000 crore mark in 5-6 years.
The company has a revenue of Rs 300 crore from the fan and light segment. It is backed by TPG Capital, a US-based firm that has invested and owns a minority stake.
Kabra said that RR Kabel's overall revenue is around Rs 5,400 crore, and the company expects to reach the Rs 10,000 crore target in the next two years.
Image Source
Also read: Tata Value ÑDz©ÌåÓý¹ÙÍøÊ×Ò³s to pump Rs 600 cr in Eureka Park project in Noida
Next Story
RentenPe and Mygate Partner to Transform Rent Payments in India
Through a strategic partnership, RentenPe and Mygate aim to streamline rent payments and promote financial inclusion by enabling rent-based credit scores for Indian renters. RentenPe, India’s first Rent Credit Score� platform and a pioneer in rental fintech innovation, has entered a significant alliance with Mygate, the leading community management app in the country. This partnership will transform rent transactions for millions of Indian households by embedding RentenPe’s payment and rent credit scoring technology directly within the Mygate app. With this integration, all ren..
Next Story
Supreme Unveils New Brand Identity to Elevate Lifestyle
Supreme, a respected name in Indian real estate with a four-decade legacy, has announced a complete rebranding. The move includes the launch of a new logo and a revamped website, both reflecting the group’s refreshed vision to ‘Elevate Lifestyle�. This brand transformation represents more than a visual refresh—it marks a strategic shift in the company’s mission, visual identity and market positioning. The update will be visible across all of Supreme’s digital, social and offline communication platforms. At the core of the initiative is a renewed focus on purposeful design..
Next Story
Capri Loans Launches #TarrakiKeHaath Campaign Honouring India’s Everyday Heroes
Capri Global Capital Ltd (Capri Loans), a leading non-banking financial company, has unveiled its latest brand campaign, #TarrakiKeHaath, a powerful tribute to the everyday hands that build India � from kirana store owners and taxi drivers to dhaba workers, tailors, and carpenters. Narrated by Capri Loans� long-standing brand ambassador and acclaimed actor Pankaj Tripathi, the campaign celebrates the dignity, resilience, and aspirations of self-employed individuals and small business owners who form the backbone of Bharat’s economy. Conceptualized by Rediffusion Brand Solutions, the..
