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Lumax Industries Ltd.

BSE: 517206 Sector: Auto
NSE: LUMAXIND ISIN Code: INE162B01018
BSE 00:00 | 18 Apr 1796.60 6.80
(0.38%)
OPEN

1800.00

HIGH

1800.00

LOW

1756.05

NSE 00:00 | 18 Apr 1803.80 16.45
(0.92%)
OPEN

1808.00

HIGH

1811.00

LOW

1768.00

OPEN 1800.00
PREVIOUS CLOSE 1789.80
VOLUME 119
52-Week high 2585.00
52-Week low 1386.00
P/E 19.62
Mkt Cap.(Rs cr) 1,680
Buy Price 1773.00
Buy Qty 1.00
Sell Price 1796.60
Sell Qty 13.00
OPEN 1800.00
CLOSE 1789.80
VOLUME 119
52-Week high 2585.00
52-Week low 1386.00
P/E 19.62
Mkt Cap.(Rs cr) 1,680
Buy Price 1773.00
Buy Qty 1.00
Sell Price 1796.60
Sell Qty 13.00

Lumax Industries Ltd. (LUMAXIND) - Chairman Speech

Company chairman speech

 

Chairman Emeritus & Chief Mentor

Mr. D. K. Jain was appointed as the Chairman Emeritus and Chief Mentor to the Board ofLumax Industries Limited with effect from 1st April 2018.

Previously serving as the Chairman of the Company Mr. D. K. Jain is an Industryveteran with over 50 years of experience in auto components sector. He has beeninstrumental in making Lumax Industries a leader in the Indian Automotive Lightingindustry. The Company's business model and culture of innovation are due to his vision andleadership. In his new profile he will continue to inspire guide and support the Companywith his vast knowledge to ensure future growth and expansion and alongside pursue hisphilanthropic interests.

Mr. D. K. Jain is an MBA from Delhi University and a Harvard Business School alumnus. Astalwart in the Indian Automotive industry he has held various industry positions likethe President of ACMA President of Suppliers Association- Toyota Kirloskar MotorsChairman of Trade Affairs Committee ACMA co-Chairman of Regional Committee on Membershipof Northern Region-CII and Chairman Regional Committee-CSR Northern Region-CII

On behalf of all the people associated with Lumax Industries the Company extendsheartfelt gratitude to Mr. D. K. Jain for his leadership passion and integrity and hiscontinuous guidance.

The ability to envisage the future and act on it today makes tomorrow a reality.

The Indian automotive industry is at the cusp of a major change with vehiclemanufacturers and customers increasingly seeking energy-effcient and stylish autocomponents. Vehicle lighting is an integral part of this change with the demand foraesthetically pleasing technologically advanced and greener lighting solutions risingacross all categories of vehicles.

With the BS-VI rollout in 2020 the mandate for cleaner safer and sustainablevehicles is only going to increase further.

Propelled by these developments automotive lighting is aggressively moving fromconventional lighting to LED Lighting. To put it in perspective the Indian automotivemarket for LED lights is currently less than 5 per cent; however by 2020 the market isexpected to see a paradigm shift. AtLumaxIndustriesweclearlyseewheretheindustryisheadedandkeepingpacewiththevelocityofchange we are acting today for reaping tomorrow'sgains.

Growing our capabilities and capacities we are ready to meet emerging needs. Ourinvestments in R&D infrastructure relationships and technologies will enable us toreinforce our position as a superior supplier in the automotive lighting industry.