Bajaj Electricals

Bajaj Electricals Ltd.
Industry Electrical equipment
Founded 14 July 1938
Founder Kamalnayan Bajaj
Headquarters Mumbai, Maharashtra[1], India
Key people
 Shekhar Bajaj, Chairman & MD,[2] Mr Anant Bajaj, Joint Managing Director [3]
Products Home Appliances, Fans, Lighting & Engineering and Products[4]
Revenue INR27.7 billion (US$440 million) (2011)[5]
Parent Bajaj Group
Subsidiaries Starlite Lighting
Slogan Inspiring Trust
Website Official Website

Bajaj Electricals Ltd (BEL) (BSE: 500031) is an Indian consumer electrical equipments manufacturing company based in Mumbai, Maharashtra.[6] It is a part of the INR380 billion (US$6.0 billion) Bajaj Group. It has diversified with interests in lighting, luminaries, appliances, fans, LPG based Generators,[7] engineering and projects. Its main domains are lighting, consumer durables, engineering and projects. Lighting includes lamps, tubes and luminaires. Consumer durables include appliances and fans. Engineering and projects include transmission line towers, telecommunications towers, highmast, poles and special projects, and others include die casting, wind energy & solar energy.[8] Some notable project includes lighting works at the Commonwealth Games stadium and the Bandra Worli Sea Link[3]

It has 19 branch offices spread in different parts of the country with a chain of about 1000 distributors, 4000 authorised dealers, over 400,000 retail outlets and over 282 Customer Care centres.

History

It was incorporated in 14 July 1938 as Radio Lamp Works Limited under the Indian Companies Act, 1913 as a Public company limited. On 1 October 1960 it was renamed to Bajaj Electrical Limited.[9] In 1964, Matchwell Electricals (India) Limited, ("Matchwell"), a manufacturer of electric fans became a subsidiary of the Company and subsequently, with effect from July 1, 1984, the business and undertaking of Matchwell was amalgamated with the Company. In the financial year 1993-1994, Bajaj Electricals entered into a joint venture with Black & Decker Corporation, United States, for the manufacture and marketing of power tools, household appliances, and related accessories, through a separate company named Black & Decker Bajaj Private Limited, ("Black & Decker Bajaj"). During the financial year 1999-2000 Black & Decker Bajaj became a 100% subsidiary of our Company upon our Company acquiring a further 50% of the shareholding thereof from Black & Decker Corporation, pursuant to which Black & Decker Bajaj was renamed as Bajaj Ventures Limited. However, in the financial year 2002-2003, the Company divested 50% of its shareholding in Bajaj Ventures Limited and Bajaj Ventures Limited ceased to be a subsidiary of our Company. In January 1998, our Company established a new manufacturing unit at Chakan near Pune and commenced operations of manufacturing of fans and die-cast components. The production of fans at our manufacturing activities of the Matchwell unit also was gradually shifted to our Chakan unit. In September 1999, Bajaj established and commissioned a wind energy generation unit with an installed capacity of 2.8 mega watts at Village Vankusawade, Tal. Patan, District Satara, Maharashtra. The facility continues to run profitably till date.

In the year 2000-2001 the Company set-up our manufacturing facilities including a fabrication unit and a galvanizing plant at Ranjangaon, near Pune for the manufacture of high masts, lattice towers, and related products, and the said manufacturing facilities commenced commercial production with effect from April 1, 2001.

In November 2002, our Company entered into a technical collaboration and brand licensing agreement with Morphy Richards, United Kingdom, for the sales and marketing of electrical appliances under the brand name of "Morphy Richards" in India.

In the year 2005 the company entered into a Distribution agreement with Trilux Lenze of Germany for high end technical lighting.

In the year 2007, the company acquired 32% of the share capital of Starlite Lighting Limited, a company engaged in the manufacture of Compact Fluorescent Lamps ("CFLs").

In 2012-2013, they have completely divested our stake and association with Black & Decker Corporation, USA.

References

  1. ↑ "Bajaj Offices". Bajajelectricals.com. Retrieved 2011-01-28.
  2. ↑ Special Correspondent (8 February 2010). "Business News : Bajaj Electricals to step up output in Starlite". The Hindu. Retrieved 2011-01-28.
  3. ↑ 3.0 3.1 "Business Line : Today's Paper / CORPORATE : Bajaj Electricals upbeat on engg, projects business". The Hindu Business Line. 18 October 2010. Retrieved 2011-01-28.
  4. ↑ http://www.bajajelectricals.com/
  5. ↑ "BSE Plus". Bseindia.com. Retrieved 2011-01-28.
  6. ↑ "Bajaj Electricals expresses interest in solar energy segment | TopNews". Topnews.in. 24 January 2010. Retrieved 2011-01-28.
  7. ↑ "Bajaj Electricals launches LPG-based generators". Business-standard.com. 11 January 2011. Retrieved 2011-01-28.
  8. ↑ Gaurav Tikmani (24 January 2010). "Bajaj Electrical | India's Cleantech Economy". Indianenergytech.com. Retrieved 2011-01-28.
  9. ↑ "History of Bajaj Electricals". Bajajelectricals.com. Retrieved 2011-01-28.

External links