Bajaj Electricals is scouting for acquisition with a corpus of Rs 1,000 crore and will include brands in electrical and lighting divisions. The company has got a very strong distribution network and a very good manufacturing backup and the proposed acquisitions would take place in the company’s existing business segments.
In the last fiscal, the company had clocked revenues worth Rs 3,200 crore and for this fiscal it is now eyeing a turnover of Rs 3,700 crore.
Bajaj Electricals’ products are manufactured in three factories in the country apart from being sourced from overseas partners. The consumer electrical equipments manufacturer aims revenue of Rs 551 crore from lighting business this year, registering a growth of about 30% over last year’s Rs 430 crore.
