Schneider Electric India Private Limited (SEIPL), a 100 per cent subsidiary of global power technology and automation solutions major, Schneider Electric Industry, expects sales of Rs 8000 crore within 2012.
Oliver Blum, managing director of SEIPL, said, "We hope to achieve a turnover of Rs 8000 crore within the next four years and we will be paying special attention to our energy management solutions business."
The company's turnover in India was Rs 2000 crore in 2007.
Schneider Electric Industry (SEI) had two acquisitions lined up for the end of this year mainly in the energy management sector and talks were on.
Eight Indian companies were on the list, and the “screening process was on”, said Eric Pilaud, Executive Vice President of SEI.
It will be a major acquisition which would enhance its portfolio.
SEIPL was planning to ramp up its Research and Development (R&D) centre in Bangalore from its current capacity from 700 to 1000 soon.
Being a specialist in energy management, the company aimed to aggressively market energy saving expertise to enable clients save energy by about 30 per cent.
The company would stage roadshows to promote awareness about the increased need for energy efficiency measures.
Energy efficiency was its key business as about 72 per cent energy consumption comes from heating, cooling, motors, lighting, electronics and appliances with saving possibilities, added Pilaud.
To boost the energy efficiency drive, the company would develop 20 energy auditors by the end of this year after rigorous training.
The company grew by about 37 per cent in 2007 and aimed to achieve about 50 per cent growth this year.
The market was growing at 20 per cent currently and it aimed to grow faster, added Blum.
