Electrical equipments major V-Guard Industries is targeting to achieve a top-line of Rs 2,000 crore in FY15 as against Rs 1,500 crore in last fiscal.
Moreover, the company has launched the company’s new range of water heaters ‘Pebble’. The water heater’s organised market size is of Rs 800 crore and it is targeting at capturing 25 per cent market share with Rs 200 crore turnover.
Further, the company is working on a plan to introduce new series of room heater and gas geysers before the winter.
V-Guard Industries manufactures a range of products namely voltage stabilizers, pumps, electric water heaters, solar water heaters, cables, UPS, ceiling fans, etc. The company also conducts research and development initiatives for electronic products, electric geysers, electro-mechanical products, electrical wires and solar water heaters.
| Company Name | CMP |
|---|---|
| Havells India | 1257.90 |
| Siemens | 3839.95 |
| Apar Inds | 12383.10 |
| ABB India | 7180.75 |
| Waaree Energies | 3224.15 |
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