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Top 10 LED lighting manufacturers in India

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By Richa Chakravarty and Srabani Sen

Saturday, December 28, 2013: Though the LED lighting industry in India is expected to touch a turnover of $1.3 billion by 2018 (a CAGR of 47.3 per cent between 2011 and 2018), none of the indigenous manufacturers of LED lighting seem to be benefiting from this growth. This clearly indicates that the demand is being met either through imports or by the MNCs that do not manufacture in India. Therefore, the ranking of the indigenous manufacturers of LED lighting is a dismal scenario.

Almost 90 per cent of the manufacturers are currently making losses or marginal profits. This is because of the low business volumes compared to the establishment costs and inventory obsolescence, feel industry experts.

The low volume of manufacturing in India is a major reason for the low profits manufacturers earn. The delays in government decisions on projects and low consumer awareness are other reasons for low profits, leading to higher product costs for the consumers.

A survey done by Electronics Bazaar found that the consumers prefer the bigger brands like Wipro, Philips, Havells, Osram and Halonix. Why have the indigenous manufacturers failed to create a strong brand presence? Why have they still not been able to gain the confidence of the consumers?

It is also disappointing that none of the companies ranked in this feature have filed their revenues for 2012-13 with the Ministry of Corporate Affairs; hence, we had to rank them on their revenues for FY 2011-12. Some companies did not respond to our survey, while a few declined to share their revenue figures with us.

A few companies that are into multiple businesses do not file revenues of their LED divisions separately. Hence, we did not include them in the ranking. These companies have been listed separately in a box on page 32 with their consolidated revenue figures.

Disclaimer: While Electronics Bazaar’s editorial team has taken the utmost care to contact all possible sources to make this list comprehensive, we may have inadvertently left out a few companies. Information contained in the following report has been obtained from sources deemed reliable, and Electronics Bazaar makes no claims with respect to its accuracy. Neither Electronics Bazaar, nor its affiliates, officers, directors, employees, owners and representatives, nor any of its data or content providers, shall be liable for any errors or for any actions taken by any entity on the basis of this information.

Top 10 LED Lighting manufacturers

Rank

Company

Revenue (in Rs, million) FY 2011-12

Rank 1

MIC Electronics Ltd

930 (FY 12-13)

Rank 2

NTL Lemnis India Pvt Ltd

687.36

Rank 3

Avni Energy Solutions Pvt Ltd

231.42 (FY 12-13)

Rank 4

VIN Semiconductors Pvt Ltd

188.07

Rank 5

Instapower Ltd

147.16

Rank 6

Goldwyn Ltd

135.32

Rank 7

Sujana Energy Ltd

93.7

Rank 8

Optics & Allied Engineering Pvt Ltd

80.51

Rank 9

Abby Lighting & Switchgear Ltd

79.74

Rank 10

Reiz Electrocontrols Pvt Ltd

71.35

Leading LED Brands available in india

The companies mentioned below are multi-product companies and their revenues mentioned are consolidated figures denoting sales income other than LED division in India. Hence, we could not rank these companies as their turnover is not essentially from other LED businesses.

Company

Revenue (in Rs, million)

FY

Wipro Ltd

335173

FY 2012-13

Crompton Greaves Ltd

65597.7

FY 2011-12

Philips Electronics India Ltd

53971

FY 2012-13

Havells India Ltd

42354.8

FY 2012-13

Bajaj Electricals Ltd

34044.9

FY 2012-13

Surya Roshni Ltd

29590

FY 2012-13

Moser Baer India Ltd

14663

FY 2012-13

MIRC Electronics Ltd

12923

FY 2012-13

Toshiba India Pvt Ltd

10000

FY 2012-13

Osram India Pvt Ltd

6302.28

FY 2011-12

Halonix Ltd

4373

FY 2012-13

Continental Device India Ltd

832.61

FY 2011-12

 

Rank 1

MIC Electronics Ltd

MV Ramana Rao, CMD

Annual revenue 2012-13: Rs 930 million

MV Ramana Rao, CMD

MIC Electronics is a global leader in designing, development and manufacture of LED products. It has a nationwide presence in the form of a vast network of marketing, sales and service support centres, and also has offices in Australia, Korea and USA. Recently, the company entered into a strategic alliance with China-based Leyard Optoelectronics Co Ltd. Both the companies plan to leverage their partnership with a total investment of US$ 50 million to manufacture LED chips packing in India. Recently, MIC bagged an order from the Nashik Municipal Corporation to replace 69,541 streetlights.

  • Year of establishment: 1988

  • Headquarters located in: Hyderabad

  • Manufacturing facilities: Hyderabad and Roorkee

  • Manufactures: LED video displays (indoor, outdoor and mobile), indoor and outdoor lighting, solar lighting, etc

Contact details: A-4/II, Electronic Complex, Kushaiguda, ECIL Post, Hyderabad 500062; Ph: +91-40-27122222; info@mic.co.in, www.mic.in

Rank 2

NTL Lemnis India Pvt Ltd

Arun Gupta, Global CEO

Annual revenue 2011-12: Rs 687.36 million

Arun Gupta, Global CEO

NTL Electronics India Ltd and the Netherlands-based Lemnis Lighting BV have come together to operate as an independent joint venture company. The strong association of the past, coupled with the individual strengths of the two companies, has resulted in the formation of NTL Lemnis. NTL Lemnis, headquartered in the Netherlands, is a vertically integrated organisation that promises complete LED lighting solutions to its end consumers in Europe, India and Africa.

  • Year of establishment: 2012

  • Headquarters located in: The Netherlands

  • Manufacturing facility: Noida

  • Manufactures: LED lights, industrial and commercial lights, retrofit lamps

Contact details: Ph: +91-0-120-4019999, info@ntl-lemnis.com, www.ntl-lemnis.com

Rank 3

Avni Energy Solutions Pvt Ltd

G Gururaja, founder director

Annual revenue 2012-13: Rs 231.42 million

Annual revenue 2011-12: Rs 143.95 million

G Gururaja, founder director

Since its inception, Avni Energy Solutions has committed itself to R&D and excellence in manufacturing. Its product range includes LED lights, fixtures and drivers. Its credentials are backed by certification from NABL accredited labs like UL, CPRI, ETDC, Bengaluru; and ERTL, Kolkata. It has more than 100,000 down light installations, 60,000 DC street light installations and 20,000 AC street light installations.

  • Year of establishment: 2009

  • Headquarters located in: Bengaluru

  • Manufacturing facility: Bengaluru

  • Manufactures: LED based lanterns, downlights, streetlights, industrial lights and flame-proof lights

Contact details: Ph: 91-80-26860337; sales@avnienenrgy.com; www.avnienergy.com

Rank 4

VIN Semiconductors Pvt Ltd

Annual revenue 2011-12: Rs 188.07 million

Subhash Motilal Pawar, director

VIN is a major provider of LED lighting solutions. It has a facility with state-of-the-art automated

machines to produce high precision LED components. The company has played a pioneering role in the area of light output by combining the most advanced digital control, thermal management and lighting fixture designs to offer international quality standards and performance. It has a team of more than 100 trained and skilled people and an in-house R&D department, which provides complete solutions (from design to packaging).

  • Year of establishment: 2005

  • Headquarters located in: Mumbai

  • Manufacturing facility: Mumbai

  • Manufactures: LED lights, modules for signs, floodlights, streetlights, downlights, ceiling lights and video walls

Contact details: Ph: +91-22-2567 8133/44/2592 4438; contact@vinled.com; www.vinled.com/www.vininternational.com

Rank 5

Instapower Ltd

Annual revenue 2011-12: Rs 147.16 million

HR Vaish, MD

Instapower is among the largest manufacturers of LED aviation obstruction lights in India, and has over 100,000 aviation lights installed in India and other countries. It is recognised as an R&D house by the Department of Scientific and Industrial Research, Government of India. The Bureau of Energy Efficiency also recognises Instapower as an accredited ESCO (energy services company) organisation. It has two manufacturing units, equipped with state-of-the-art manufacturing and testing equipment, employing over 200 people. It manufactures over a 100 products, and has filed over 10 patents and over 30 design patents in the area of LED lighting.

  • Headquarters located in: Gurgaon

  • Manufacturing facilities: Two facilities in Roorkee

  • Manufactures: LED aviation obstruction lights, architectural lights, retail and office lights, display boards and landscape lights

Contact details: Ph: +91-124-4124000; sales@instapower.com, www.instapower.com

Rank 6

Goldwyn Ltd

Ajay Goel, CEO

Annual revenue 2011-12: Rs 135.32 million

Ajay Goel, CEO

An exporter, supplier and manufacturer, Goldwyn offers a wide range of modern, aesthetically designed and energy-efficient LED lights for external and internal applications. It has a modern manufacturing plant spread across 9000 sq m, and a state-of-the-art photometric laboratory that enables it to monitor all critical parameters of the light output for its LED lights. In order to maintain high quality and reliability in its LED lighting products, Goldwyn manufactures all critical components and assemblies at its own plant.

  • Year of establishment: 1989

  • Headquarters located in: Noida

  • Manufacturing facility: Noida

  • Manufactures: LED streetlights, floodlights, commercial lights, industrial lights and fixtures

Contact details: Ph: +91-9810130627, sales@goldwynled.com, www.goldwynled.com

Rank 7

Sujana Energy Ltd

Annual revenue 2011-12: Rs 93.70 million

YS Chowdary, founder and promoter

Sujana Energy Ltd (SE), a part of the Hyderabad-headquartered Sujana group of companies, is a rapidly growing ‘responsible energy’ company in the business of renewable power generation, advanced LED lighting and solar photovoltaic applications catering to consumers and commercial markets worldwide. In 2010, SE entered into strategic partnership with the Japanese company, Nichia Corporation. Both companies have been working together to explore opportunities in the field of LED lighting and displays.

  • Year of establishment: 2010

  • Headquarters located in: Hyderabad

  • Manufacturing facility: Bollaram, Andhra Pradesh

  • Manufactures: Indoor, outdoor and portable LED lights

Contact details: Ph: +91-40-2335-0953; energy@sujana.com; www.sujana.com

Rank 8

Optics & Allied Engineering Pvt Ltd

Annual revenue 2011-12: Rs 80.51 million

D Rajendra Kotaria, MD

Optics & Allied Engineering Pvt Ltd has been focusing on polymer and glass optics, optical instruments, precision plastic moulds, and moulded components and product assemblies. Over the years, the company has developed skills and competence in building complex injection moulds to augment various customer applications and to supply precision moulded components. Its mould-making facility is spread over approximately 185.81 sq m, and its injection moulding facility, equipped with state-of-the-art injection moulding machines from Arburg-Germany, is spread over approximately 743.22 sq m.

  • Year of establishment: 1985

  • Headquarters located in: Bengaluru

  • Manufacturing facility: Bengaluru

  • Manufactures: LED backlights, optics, lenses and plastics

Contact details: Ph: +080-41158920, 41163153; info@opticsindia.com; www.opticsindia.com

Rank 9

Abby Lighting & Switchgear Ltd

Sanjay Bajaj, MD

Annual revenue 2011-12: Rs 79.74 million

Sanjay Bajaj, MD

Abby Lighting is a manufacturer and supplier of lighting systems to major brand owners in the lighting industry. By launching a new range of LED lights, branded as Studio Abby, the company has entered the high-end lighting domain. The company boasts of having in-house processes like CNC turning, metal work fabrication, powder coating, assembly, testing, etc.

  • Headquarters located in: Mumbai

  • Manufactures: LED recess lighting, downlights, industrial and commercial lights

Contact details: Ph: 022-40038030/6574 2080; sales@abbylighting.com; www.abbylighting.com

Rank 10

Reiz Electrocontrols Pvt Ltd

Sidhartha Agarwal, founder and CFO

Annual revenue 2011-12: Rs 71.35 million

Sidhartha Agarwal, founder and CFO

Reiz has been designing and manufacturing each part of its LED products in-house, including the mechanical, thermal, optical and electrical components, in order to deliver high efficiency and reliability. It has two state-of-the-art factories, covering a total area of 5574.18 sq m, equipped with the latest machines. In 2005, its Manesar factory was set up, covering 2322 sq m (25,000 sq ft). It manufactures products for leading international companies like IKEA and Osram. This year, it has been approved as Bajaj’s supplier for LED downlights.

  • Year of establishment: 1987

  • Headquarters located in: New Delhi

  • Manufacturing facilities: Gurgaon

  • Manufactures: LED indoor lights, outdoor luminaires, LED modules, electronic control gears, etc

Contact details: Ph: 0124-4006161 ext.203, +91-9971090963, www.reizindia.com

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