Shilpi Cable Technologies, which manufactures cables for telecom, auto and consumer durable segments, is foraying into lighting market as part of its plans to raise sales to $1 billion by 2020. The city-based company would enter LED lighting vertical in the next quarter under the brand ‘Safe’.
The company is in the process of building sales network in business-to-consumer segment. Besides, the company would also continue its growth in business-to-business segment, which consists telecom, automotive and consumer durable segments.
The company is basically into the manufacture of RF cables to cater to the telecom sector and it also trade in cable accessories. The company’s products are industrial in nature.
