Luminous Power Technologies
Luminous | |
Company type | Private |
Industry | Electric power |
Founded | 1988 |
Founder | Rakesh Malhotra |
Headquarters | , |
Area served | Worldwide |
Key people | Preeti Bajaj (MD and CEO) Ganesh Moorthi (CTO) Neelima Burra (CMO) Sant Kumar Verma (CFO) |
Brands | Luminous Amaze |
Owner | Schneider Electric (74%) |
Website | luminousindia |
Luminous Power Technologies Pvt. Ltd., stylized as LUMINOUS is an Indian electricals and home appliances manufactures company, headquarters is based in Gurgaon, India. Their products include Inverter, Batteries, Solar off-grid and battery. Since July 1, 2022 Preeti Bajaj is MD and CEO of Luminous Power Technologies.[1] Indian former cricketer Sachin Tendulkar is brand ambassador of LPT since May 2010.[2]
History
[edit]Luminous Power Technologies was founded in 1988 by engineering graduate Rakesh Malhotra. Luminous was seeded with 4 people in 600 sq ft space in South Delhi.[3][4]
In 2011, French company Schneider Electric acquired a 74% stake of Luminous Power.[5][6]
In April 2022, wires and cables manufacturer RR Kabel Ltd. acquired Luminous Power's Home Electrical Business (HEB) from Schneider Electric.[5]
See also
[edit]References
[edit]- ^ "Luminous Power Technologies appoints Preeti Bajaj as its new MD & CEO". ETEnergyworld.com. Retrieved 21 August 2024.
- ^ "In a first, DD Kisan channel to launch two AI anchors". The Times of India. 24 May 2024. ISSN 0971-8257. Retrieved 23 August 2024.
- ^ "How Rakesh Malhotra's Luminous Power Technologies exploited market's need of low-cost inverter". The Economic Times. 14 May 2012. ISSN 0013-0389. Retrieved 21 August 2024.
- ^ "From Rs 40K to Rs 1,866 cr: Success story of Luminous' Malhotra". Rediff. Retrieved 29 August 2024.
- ^ a b "RR Kabel acquires Luminous' home electrical business from Schneider". zeenews.india.com. Retrieved 21 August 2024.
- ^ "Schneider acquired Luminous in 2011". livemint.com. 1 June 2011.