Brand: Lucifer Lights
Industry: Manufacturing/LED Lighting
Location: Pune
Lucifer Lights started out in 2008 with a single product for Industrial LED lighting. According to Rajesh Purohit, the company achieved break even in the very first year. Currently in 2010, the company has over 130 products and has successfully managed to bag over 70 companies in their client list. As it stands, there is no set standards certification for LED lighting; Lucifer Lights has gotten their products certified from Central Power Research Institute (CPRI). Since the pain point of this industry is the pricing of the products, Lucifer Lights plans on creating more scope for business by bringing down the price of the products by improvising on manufacturing techniques. “For instance, we have successfully managed to bring down the price from Rs 24,000 to about Rs 14,000,” says Purohit. In 2009-10, the company clocked a turnover of Rs 14 Crore and targeting to hit Rs 50 Crore in this year of operation. The company has plans to do an IPO awaiting the policy amendment which will enable setting up SME exchange.
| Founder: Rajesh Purohit |
| Investors: Self funded |
| Key Clients/Customers: ISPAT Industries, Apollo Hospital, Bayer - Material Science, Bharati Cellular, Larsen and Tubro, Indian Oil Corporation, etc |
| Top-Line: 14 Crore |
| URL: www.ledindia.com |
 |
| Rajesh Purohit of Lucifer Lights |
| < Prev | Next > |
|---|
