HPL sees brighter opportunity in LED business

  The rapid development in lighting technology and government’s push for energy-efficient lighting are creating greater business opportunities for LED business in India. On the sidelines of ELECRAMA 2016, Gautam Seth, Joint Managing Director, HPL Electric & Power speaks to Subhajit Roy and outlines the company’s future roadmap.
How would you like to share the journey of HPL and where it stands today?Since its inception in 1956, HPL has seen an exponential growth in the electrical industry. Being a major player in the multiproduct electrical equipment industry, we offer complete portfolio which includes switchgears, metering, lighting, and wires and cables. A lot of R&D and major expansions are happening in these four verticals. Today our prime objective is to getting into specific customer segmentation and satisfy the needs of the customers.
Out of the four business verticals, which vertical gives you maximum business opportunities?Although we are India’s largest meter manufacturers, the LED lighting business has phenomenal growth potential. The industry is currently passing through a lot of change in technology which has resulted in enormous demand coming up for LED lighting. HPL is well-equipped to handle that. We are putting a lot of efforts and investments into upgrading our infrastructure for manufacturing electronics for LED assemblies.How much have you invested for this expansion?In the last four years we have invested substantially in upgrading our existing six factories. In terms of sales, there has been a quantum jump in the LED segment and we see maximum growth potential there.
Where do you place yourself in the smart city context? We have introduced a few advanced technology products that can be used in smart cities. Smart metering is an integral part of smart city projects and we are fully equipped with that. We also have remote monitoring street lighting systems which can be used in the city infrastructure.  Our energy efficient LEDs can be used extensively in the new cities. In addition, we have solar cables, DC contactors, automatic transfer switches and a host of other products which are all energy efficient, high on technology, user-friendly and up-to-date. So when we see the smart cities coming in we see a lot of opportunities for companies like us.
Further, we truly stand by the government’s “Make in India” initiative as all our products are “Made in India.”  You have also ventured in to renewable…We are working on the solar street lights. We are also supplying solar cables to several solar projects.
Where do you envision HPL in the next five years?As a company we see ourselves as a very strong company with the global footprints. Today we are already exporting to 42 countries and we would really see that to expand.  We would like to see all our “Make in India” products going all over the world.
For Indian consumers we are coming out to be the one stop shop where all solutions related to electrical, metering and lighting are available. That would be the big advantage HPL would have over the years.
———————————-In terms of sales, there has been a quantum jump in the LED segment and we see maximum growth potential there.
– Gautam Seth, Joint Managing Director, HPL Electric & Power

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HPL sees brighter opportunity in LED business

  The rapid development in lighting technology and government’s push for energy-efficient lighting are creating greater business opportunities for LED business in India. On the sidelines of ELECRAMA 2016, Gautam Seth, Joint Managing Director, HPL Electric & Power speaks to Subhajit Roy and outlines the company’s future roadmap.
How would you like to share the journey of HPL and where it stands today?Since its inception in 1956, HPL has seen an exponential growth in the electrical industry. Being a major player in the multiproduct electrical equipment industry, we offer complete portfolio which includes switchgears, metering, lighting, and wires and cables. A lot of R&D and major expansions are happening in these four verticals. Today our prime objective is to getting into specific customer segmentation and satisfy the needs of the customers.
Out of the four business verticals, which vertical gives you maximum business opportunities?Although we are India’s largest meter manufacturers, the LED lighting business has phenomenal growth potential. The industry is currently passing through a lot of change in technology which has resulted in enormous demand coming up for LED lighting. HPL is well-equipped to handle that. We are putting a lot of efforts and investments into upgrading our infrastructure for manufacturing electronics for LED assemblies.How much have you invested for this expansion?In the last four years we have invested substantially in upgrading our existing six factories. In terms of sales, there has been a quantum jump in the LED segment and we see maximum growth potential there.
Where do you place yourself in the smart city context? We have introduced a few advanced technology products that can be used in smart cities. Smart metering is an integral part of smart city projects and we are fully equipped with that. We also have remote monitoring street lighting systems which can be used in the city infrastructure.  Our energy efficient LEDs can be used extensively in the new cities. In addition, we have solar cables, DC contactors, automatic transfer switches and a host of other products which are all energy efficient, high on technology, user-friendly and up-to-date. So when we see the smart cities coming in we see a lot of opportunities for companies like us.
Further, we truly stand by the government’s “Make in India” initiative as all our products are “Made in India.”  You have also ventured in to renewable…We are working on the solar street lights. We are also supplying solar cables to several solar projects.
Where do you envision HPL in the next five years?As a company we see ourselves as a very strong company with the global footprints. Today we are already exporting to 42 countries and we would really see that to expand.  We would like to see all our “Make in India” products going all over the world.
For Indian consumers we are coming out to be the one stop shop where all solutions related to electrical, metering and lighting are available. That would be the big advantage HPL would have over the years.
———————————-In terms of sales, there has been a quantum jump in the LED segment and we see maximum growth potential there.
– Gautam Seth, Joint Managing Director, HPL Electric & Power

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