Electrical equipment-maker Havells India today said it plans to double its revenue in the switch gear segment to Rs 1,800 crore in the next three years.
"Post expansion, we plan to take switch gear business from Rs 900 crore to Rs 1,800 crore in the next three years," Havells India president Sunil Sikka told reporters here.
The company has set up a new industrial switch gear plant at Sahibabad at an investment of Rs 50 crore.
He said the firm expects its revenues from the industrial switch gear segment to double from the present Rs 200 crore to Rs 400 crore in the next two years.
The switch gear segment comprises domestic switch gear and industrial switch gear verticals. Its prominent industrial products include air circuit breakers (ACB) and moulded case circuit breakers (MCCB).
The company's total global revenue in the last fiscal stood at around Rs 5,600 crore, with its Indian operations contributing nearly Rs 3,000 crore.
Havells India generates Rs 900 crore from the switch gear vertical, Rs 900 crore from lighting and Rs 1,200 crore from its wires and cables business.
Apart from Sahibabad, where the company produces high-end industrial switch gear, it has a facility in Faridabad manufacturing low-end industrial switch gear.
The company, which has six manufacturing facilities abroad, is looking to enter China in a big way.
"Our focus area is China, where we are entering in a big way," Sikka said.
The company, which sells its lighting products in China through its offices there, is looking to form a joint venture in the country.
"We are looking for a JV partner in China, for which our agencies are working. It is in the process," Sikka said, without confirming any timeframe.
The company is also exploring possibilities to enter the small electric appliances segment.
"We are getting into garment care, food preparation and cooking appliances. The domestic market size for such products is nearly Rs 5,000 crore," Sikka said.
The company, which has 12 manufacturing plants in India, is looking to set up a plant at Neemrana, in Rajasthan, for lighting fixtures.
"We are in the process of setting up a factory for lighting fixtures in Neemrana on a 10-acre plot," he said.
