User:Sumitgoyal331/sandbox/luminousindia

Luminous Power Technology, a leading power and energy storage company, is an Indian company based in Gurugram. It was founded by Rakesh Malhotra in 1988. The company deals with the manufacturing of power backup solutions such as UPS for computers and inverter batteries, Solar Applications to Electrical offerings such as Wires, Fans, LED lighting and Switches and power storage solutions like VRLA/SMF batteries. Recently in Jan 2017, Schneider Electric acquired the remaining 26% stake in Luminous Power Technologies for $139 Million and got the full ownership of the Luminous Power technology. The company’s 74% stake was already acquired by Schneider Electric in 2011. It has 7 manufacturing units and more than 28 sales offices in India. The company has its presence across 36 countries worldwide with over 6000 employees. The brand trust report, India Study, 2017, listed Luminous Power Technology Pvt. Ltd as India’s most trusted brand in the category of Power products.

The Company today has 60,000+ dealer network, 114 Research and Development resources, 6000+ employees, and 28 years of history.

History
Luminous Power Technology was founded in 1988 by Rakesh Malhotra, son of a civil servant who grew up in Punjab and Delhi. The first product that was launched by the company was power backup unit for the computer (UPS) and home inverters in 1944. It took 18 years for the company to make its first Billion (Rs 100 crore). After making its first 1 billion, the company made a turnover of 11 billion in the next 5 years.

Today, the company has also entered into other businesses like process outsourcing, renewable energy and telecommunication infrastructure. In 2011, French company Schneider Electric acquired its 74% stake. In 2017, Schneider Electric acquired the ownership of the company by acquiring the remaining 26% stake.

Milestones
1988: The journey of Luminous Power Technology begins

1991: The first Luminous inverter got manufactured

1999: Luminous first appointed a brand ambassador

2000: Luminous product got imported for the very first time

2010: Luminous appointed Sachin Tendulkar as its brand ambassador

2011: Luminous Power Technology became a part of Schneider Electric family

2014: Luminous got the most trusted brand status

2016: Awarded super brand status for the 3rd time in past 5 years

2017: Schneider Electric got the ownership of Luminous Power Technology by acquiring the remaining 26% stake

2017: Brand Trust report Listed Luminous as India’s most trusted brand in Power products category.

Luminous eshop

Luminouseshop is an Indian ecommerce that sells genuine Luminous products online such as inverter, inverter battery, fans, lights etc. at very competitive prices. The e-store is a product of collaboration between Luminous Power Technologies and Young Retailers. All the orders and queries on Luminouseshop is managed by Young Retailers. Young retailers is one of the fastest growing consumer Electronics Companiesin Delhi NCR.

References:
http://www.rediff.com/business/slide-show/slide-show-1-from-rs-40-k-to-rs-1866-cr-success-story-of-luminous-malhotra/20110603.htm#1 http://economictimes.indiatimes.com/slideshows/biz-entrepreneurship/six-start-ups-that-reached-the-rs-1000-crore-club/rakesh-malhotras-luminous-power-technologies/slideshow/26086247.cms

http://www.thehindubusinessline.com/companies/schneider-acquires-74-in-luminous-power-for-rs-1400-cr/article2065617.ece

http://www.business-standard.com/article/companies/luminous-power-tech-appoints-arun-nagpal-as-ceo-109100900217_1.html

Company Website

http://www.luminousindia.com/

https://www.luminouseshop.com/