+
RR Kabel buys Luminous’ home electrical business from Schneider
Real Estate

RR Kabel buys Luminous’ home electrical business from Schneider

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 Homes 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 Homes to pump Rs 600 cr in Eureka Park project in Noida

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?