Choice aims to invest another US$ 2 million over the next three years

0
3030
Advertisement

Editing_IMG_20160301_181857 (1)Choice group is ranked No. 2 in the country among manufacturers of quality solderable alloys. The company has diversified into the fields of LED lighting and solar power. Read on to know about the growth of this firm

By Belal Khan

Choice was floated in 1986 by professionals who had rich experience in banking as well as manufacturing. The group began its journey with an equity capital of US$ 29,000 and started out by manufacturing copying machines for Xerox, and then went on to make non-ferrous metal alloys. Over a period of time, the firm has diversified its business to cover electronics, EMS for LED lights, telecom and solar energy generation. Today, the promoters’ equity has risen to US$ 1.4 million. Currently, 400 dedicated people are engaged in the group’s activities.

Success story
Choice started out manufacturing photocopying machines for Xerox, and later started its operations in the metals and alloys space. Today, Choice’s solders are the second most used solderable alloys in the country. The company’s production capacity is 120 metric tonnes/month and it has a state-of-art testing facility in Noida.

Advertisement

SMT Reflow set upMachinery at the facility
The high tech machinery at the company’s plants includes four SMT lines, a separate PCB assembly line that is RoHS compliant, high-tech testing instruments for electronics labs, etc.

 

Products and services

  • Tubelights
  • Streetlights
  • CFL bulbs
  • LED drivers
  • Power supplies
  • Solders (RoHS and non-RoHS compliant)
  • Solder paste (RoHS compliant)
  • Fluxes and solvents
  • Erection and commissioning of telecom towers
  • Consultancy
  • Telecom towers and DPR
  • Solar power generation (at a 5MW plant in Rajasthan)
  • In-house plastics moulding plant for LED bulb housings

Manufacturing and services at a glance

EMS: Over eight fully automated AI and SMT plants for EMS for OEMs  like Crompton, Havells, Surya, Philips, Tata, Audi, Ashok Leyland, Halonix, Denso, TVS, etc
Lighting: Complete manufacturing of CFLs, LEDs and automotive lighting
Telecom: Installation and commissioning of telecommunication towers and services
Power: Installation and commissioning of over 100MW of power plants across India


Vinod Goyal “We want to create high-tech infrastructure and facilities that make the Choice brand globally recognised”

Vinod Goyal, managing director, Choice Group P Ltd

 


LED manufacturing capacity
The company has two plants for LED light assembly at Noida and Haridwar, which have state-of-art machinery. It has a production capacity of one million pieces per month, which will be increased to two million pieces per month over the next six months, with the addition of two more SMT lines of 60,000 CPH.

The company’s goal

  • To create high-tech infrastructure and facilities that make the Choice brand globally recognised.
  • To produce 5 million pieces per month, especially for OEMs like Philips, Osram, Bajaj, etc.
  • To make an additional capital outlay of US$ 2 million from its own resources within the next three years.
  • To work based on the policy of ‘First time right’ for all its products.

Certifications

  • ISO-9001-2008
  • BIS accredited for LED bulbs

Capex investments

  • Group investments: US$ 2.8 million (₹ 193 million)
  • Investments in LED lights: US$ 1.2 million (₹ 84 million)
  • Proposed investment plans for LEDs: US$ 1 million (₹ 70 million)

Edit_MOUNTING LINE LED BULB ASSEMBLY LINEA focus on quality
The Choice Group is 9001:2008 certified for producing solderable alloys and lighting products. The company is concerned about saving the environment and therefore produces and offers lead-free solutions to its clients. Also, all the energy consumed by Choice is offset by its solar power plants in Rajasthan. The company produces 5MW of pure green energy per year, making its carbon footprint negligible.
Every electronic product manufactured by Choice has an efficiency of more than 80 per cent and power factor of at least 0.90. Other facts about its manufacturing set-ups include:

  • Dust-free and temperature controlled environment
  • A strong, well-qualified and experienced R&D team
  • ESD-safe environment
  • Fully integrated under one roof
  • Backward integration for plastics and soldering alloys/paste
  • Trained manpower

KEY FACTS AT A GLANCE
Major products: LED bulbs, tubelights, streetlights, CFLs, LED drivers, power supplies, etc
Production capacity: One million pieces per month, which will be increased to two million pieces per month in the next six months, by the addition of two more SMT lines of 60,000 CPH
Factory location(s): Noida and Haridwar
Workforce: 400
Annual turnover: US$ 13 million (2014-15)
Areas of expertise: Electronics, EMS, LED lights, telecom and solar energy generation
Contact details: B-30, Sector 63, Noida-201305, Uttar Pradesh, India
Advertisement

SHARE YOUR THOUGHTS & COMMENTS

Please enter your comment!
Please enter your name here

Are you human? *