Halonix Tech aims 2-fold rise in turnover at Rs 750 cr

Lighting firm Halonix Technologies is looking at a two-fold rise in its turnover at Rs 750 crore in the next five years on the back of portfolio expansion including in the LED segment.

"We aim to achieve Rs 750 crore in the next five years. With our completely indigenous base, we are aiming at an exponential growth in the upcoming times," said Halonix Technologies Managing Director Rakesh Zutshi.

The company had a turnover of Rs 350 crore last year and LED contributed around 55 per cent.

The company has now a portfolio of products across LED, Luminaires, Home Decorative Lighting, Commercial & Industrial Lighting, Street Lighting, Flood Lighting, Halogens and High Intensity discharge Lamps.

It has a sales network in 20 states and is now expanding to new territories including Maharashtra, Andhra Pradesh, Telengana, Karnataka, Kerela etc.

"We are already in the process of expanding our distribution network across the country to achieve our growth targets. Of course, Halonix is getting the benefits of being one of the very few established brands active in LED segment," said Zutshi.