Luminous Power to expand their market invests in Delhi based Tritonics India (Pvt) Ltd
Targets Govt., Institutional, Banking , Financial, Telecom sectors & industrial segments.
Tweet-- Luminous Power Technologies, market leader in home inverter & UPS segment has made a strategic investment in Delhi based, TRITRONICS (INDIA) PVT. LTD., a respected name in the ON-LINE UPS industry.
Luminous, a Rs 500 Crore turnover Company, received private equity infusion from CLSA Capital partners in 2007. Inline with its commitment to CLSA, this is the second major strategic investment made by Luminous. The company is now poised for achieving its objective of Rs 1000 Crores turnover.
Tritronics has been in Power back-up business in India for almost 20 years. It has core strengths in Online UPS systems with in-house R&D, Manufacturing and a nationwide after sales service network. Tritronics is a very strong player in the Govt., Institutional, Banking & Financial sectors and is actively exploring opportunities in telecom & industrial segments.
‘With this tie-up, we feel much stronger as an Organization. We will have much more to offer to our Customers, suppliers, Employees and all other stake holders” said Rajan Chadha, Promoter & Managing Director of Tritronics, who will continue to head the operations at Tritronics along with the other Promoter Director Mr. Rajiv Chatrath.
“Tritronics compliments our current business operations and together we will enhance our stakes in the market by adding new business segments with a head start. Tritronics has an excellent team and credibility and we see huge potential to grow this business by complimenting their strengths from LUMINOUS” said Rakesh Malhotra, Managing Director of Luminous Power Technologies.
Notes to Editor
About Luminous Power Technologies:-Luminous Power Technologies is a leading Power & energy Storage Company with a global presence, delivering high quality Inverters, UPS, batteries and renewable Energy Products. Luminous Power Technologies also has other business interests in Consumer Appliances, Information technology and Networking Solutions. Founded in 1988, Luminous markets its products over 32 countries worldwide. Its Global technology centers located in India, United States & China deliver cutting edge technology that goes into every Luminous product. Luminous follows its proprietary UGC (Universal Grid Compatibility) process to ensure consistency & very high standard of reliability of its products anywhere in the world. Luminous Electronics.
About Tritonics India
Tritronics is a professionally managed ISO-9001:2000 certified, manufacturer of UPS Systems, Inverters and other power conditioning equipments.Our latest, state-of-the-art, range of UPS systems, include IGBT-based, 20 KHz PWM technology, ONLINE type of UPS; microprocessor-based Line Interactive/ Sine wave UPS, OFFLINE/QUASI SINEWAVE type of UPS systems
Luminous Power Technologies, market leader in home inverter & UPS segment has made a strategic investment in Delhi based, TRITRONICS (INDIA) PVT. LTD., a respected name in the ON-LINE UPS industry.
Luminous Power Technologies, market leader in home inverter & UPS segment has made a strategic investment in Delhi based, TRITRONICS (INDIA) PVT. LTD., a respected name in the ON-LINE UPS industry.