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Veto switch gears acquires 46% stake in Vankon modular

18 Nov 2020 Evaluate

Veto switch gears & cables has acquired 46% stake in Vankon modular, Mumbai. Vankon modular engaged in manufacturing of Electrical Accessories, LED Lighting, Wires & Cables. Turnover of the Vankon modular for the Financial Year 2019-2020 is Rs 70.00 crore approximately. Company is having market presence mainly in Delhi NCR, Uttar Pradesh, Rajasthan and Maharashtra.

Veto switch gears & cables is manufacturing all types of housing wires under the brand name VIMAL POWER which is a renowned brand in the western region of India.

Peers
Company Name CMP
Waaree Energies 2342.90
Apar Industries 17648.65
Havells India 1040.60
Suzlon Energy 38.96
Siemens 3790.00
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