| Company Name: | Bajaj Electricals Ltd |
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| Address: | Corp Office |
| 51, Mahatma Gandhi Road | |
| Fort | |
| City: | Mumbai 400023 Mumbai Maharashtra |
| Tel: | 022-22043780, 22043733 |
| Fax: | 22828250 |
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About the Company :
Bajaj Electricals Limited (BEL), a part of Bajaj Group of companies, was incorporated on July 14, 1938 in the name of Radio Lamp Works Limited. The name was later changed to Bajaj Electricals Limited in the year 1960. BEL’s shareholding is concentrated with the Bajaj family that has about 64% equity stake in the company. The company has five business units – Fans, Lighting, Luminaires, Appliances and Engineering & Projects. Until 1998, BEL was mainly a marketing company dealing in various consumer durable goods such as fans, lighting and electrical appliances under the Bajaj umbrella brand.
In the year 2001-02, the company commenced manufacturing high masts and transmission towers as part of its projects division at Ranjangaon, Pune. The company also has 19% stake in Hind Lamps Limited (reduced from 50% in FY2015) that is involved in manufacturing of tubes and lamps. In March 2007, the company acquired 32% equity stake in Starlite Lighting Limited which manufactures Compact Fluorescent Lamps (CFL) at Nashik. In March 2015, BEL reduced its stake in SLL to 19%
In December 2016, Bajaj Electricals has entered into a strategic alliance with the UK-based firm Gooee to create lighting products and solutions on the Internet of Things (IoT)) platform. The company also recently entered into an arrangement with Geneva-based WISeKey International to create an IoT platform for more than 100 million lighting ID appliances each year.
In August 2017, the company has secured an order worth Rs 391.45 crore from Transmission Corporation of Telangana. The work involves supply, erection, testing & commissioning of 400kV QMDC line from 400kV NTPC common point (end of Multi Circuit Tower) to 400 kV Narsapur sub-station, on turnkey basis.
In June 2018, the company had acquried non-stick cookware company Nirlep Appliances for ₹42.50 crore in cash.
Bajaj Electricals launches IoT enabled air cooler
| Personnel | |
| R. Sundararajan | – Executive President & Country Head |
| Products & Services Offered | |
| Industrial Fans |