Luminous Power Technologies, traditionally known for its power back-up systems, is now focusing more on residential rooftop solutions business. The company, now a unit of Schneider Electric, also provides other electrical offerings such as fans, LED lighting, switches and wires. Sachin Bhalla, senior vice-president, marketing, shared the company’s vision on this business segment. Excerpts from an interview with FE’s Anupam Chatterjee.
How has the company’s solar journey been so far?
We have been in the solar business for about a decade. Our journey began with us offering small solar systems and we have come a long way since then, with large 50 KW solar systems being included our product portfolio. The solar business now comprise 10% of the company’s revenue. This segment grew 70% to Rs 350 crore in calendar year 2018.
