RR Kabel buys Luminous’ home electrical business from Schneider

15 Apr 2022 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.

Image Source

Also read: Tata Value Homes to pump Rs 600 cr in Eureka Park project in Noida

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..