V-Guard to exit from the non-core B2B segment

Looking for acquisition in existing, adjacent businesses

Kochi-based consumer electrical and electronics manufacturer V-Guard is planning to exit from the business-to-business (B2B) segment to focus on its core module- the business-to-consumer (B2C) segment, while targeting around 15 per cent growth every year in the next few years.

As part of an ongoing strategy, the company recently exited from the industrial UPS business. Currently, it is also into the business of making industrial cables- an area from which the company will be making an exit within one or two quarters, said Mithun K Chittilapilly, managing director of V-Guard Industries Ltd. The volume of this segment, accounting for around 2 perc ent