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The reaction from Mr. Arun Gupta, MD, NTL Group, on the Budget 2016-17. NTL Group comprises of NTL Electronics, India’s largest lighting electronics manufacturer and NTL Lemnis, a complete LED lighting solutions company.

03-02-2016 09:11 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: NTL Electronics

/ PR Agency: Finese PR
“The budget presented has far reaching implications. We believe that the focus on Infrastructure and Investment, Financial sector reforms, easing the process of doing business in India and financial prudence will have radical effects on the health of the Indian economy. Tax reforms to reduce compliances is a positive step for the businesses”.

NTL Electronics India Limited :
NTL began its operations in the year 1993 and started its lighting journey in the year 2002. With an annual turnover of Rs. 600 Crore(2014-2015), NTL has become the largest electronic manufacturing company in the lighting industry in India and by all estimates, probably one of the largest manufacturers of lighting electronics in the world outside China. In 2010, a Private Equity firm, CX Partners, picked up a 20% stake in the company.

The lighting journey for NTL in 2002 began with manufacturing CFL ballasts. Over the years NTL has grown significantly in design capabilities. NTL has played a pivotal role in making high end electronic ballasts especially suited to the Indian lighting conditions and today NTL works with who’s who of the lighting industry in India. NTL has been a frontrunner in converting CFL lamps to HPF (High Power Factor) as well as redesigning them to make them more cost efficient. The first LED lamp in India was developed and manufactured by NTL.

At NTL, manufacturing capability has also grown significantly, keeping pace with the growth in development process. Today NTL as a group has 7 state-of-the-art manufacturing facilities spread over five hundred thousand square feet with a combined capability to manufacture 18 Mn products per month in the facilities spread across Noida, Roorkee and Dehradun.

NTL’s biggest strengths are its development and manufacturing capabilities. Both the manufacturing and development activities for clients are undertaken at NTL and as a result time to market for new products is not very large. This capability allows NTL to give a large range of products to its customers. Today, the product portfolio of NTL comprises of electronic control gears, transformers, ballasts, luminaires, retrofit CFLs, LEDs and LED drivers. For more information, please visit: www.ntlelectronics.com

About NTL Lemnis:
Set up in April 2012, NTL Lemnis is a joint venture company between NTL Electronics, India's largest lighting electronics company, and Lemnis Lighting, the Netherlands, the global LED lighting innovator. NTL Lemnis designs, manufactures and sells energy efficient LED lighting solutions for Indian as well as the global audience. Lemnis Lighting is credited with creating the first LED lamp in the world and NTL manufactured the first LED lamp in the country for Lemnis lighting in 2010.

NTL Lemnis exploits the global design, production and distribution strengths of both the parent companies to deliver innovative solutions for Home & Commercial lighting globally. NTL Lemnis primarily focuses on the geographical markets of India, Europe, Africa and the Middle East with company offices in India, Netherlands and South Africa.

NTL Lemnis produces a complete range of energy efficient LED lighting products under the umbrella of the acclaimed Lemnis brand, Pharox, globally. The company’s USP is its ability to develop and manufacture products, which are direct replacements of traditional lighting solutions, at market acceptable prices, without compromising on the quality of light.

NTL Lemnis's primary focus in the initial two years was on the industries that are typical energy guzzlers, such as Retail, IT & ITeS, Hospitality & Healthcare. Today, NTL Lemnis is focused on creating an effective sales and distribution network across the country, so that its entire range, which includes a portfolio of more than 250 products, can be made available directly to the end consumer. In addition, NTL Lemnis is a major partner to Government initiatives to make mass adoption of LED bulbs possible.

For more information, please visit: www.ntl-lemnis.com / www.pharoxglobal.com

Finese PR,
181, (Ground Floor),
Anand Vihar
Pitampura,
New Delhi 110034, India

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