Lumax Industries Ltd.
-The Company provides automotive lighting systems for four-wheelers, two-wheelers applications, commercial vehicles, and tractors/farm equipment segment. The Company primarily serves the Indian automotive market.
-Approximately 90% of Indian OEMs serve as the company's clients, and it claims a 60% market share in the Indian automotive lighting business, as per the company's research.
-Lumax Industries has one associate company SL Lumax Limited in partnership with SL Corporation, Korea. Lumax has a technical and financial collaboration with Stanley Electric Company Ltd., Japan.
-Lumax Industries operates 10 manufacturing plants in India, while SL Lumax has a manufacturing facility located in Chennai, India. In addition to these, Lumax Industries boasts two government-recognized R&D centers in India and one in Taiwan. Furthermore, the company operates a design center in Taiwan and recently inaugurated another design center in the Czech Republic.
-During the fiscal year ended March 31, 2023, The DK Jain Group owns 37.5% of the Company while Stanley Electric group owns 35.8% of the Company. The remaining 25% is owned by public and corporate bodies. The Company is listed on the National Stock Exchange of India Limited.
|Category of shareholder||Shareholding %|
|DK Jain Group||37.5|
|Stanley Electric Company Ltd.||35.8|
|Thai Stanley Electric Public Co., Ltd.||1.7|
|Foreign Portfolio Investors||0.8|
-High mount stop lights
-Front Lighting System
-LED Side Indicator
-Rear Lighting System
-HVAC panels and other electronics components
-Daytime running lamp
-Adaptive driving beam (ADB) systems
-Low profile LED reflector headlamps
-Rear Combination Lamp
|1945||Founded as a trading company.|
|1956-1966||Established manufacturing units for automotive lighting equipment.|
|1975||Established manufacturing unit for automotive filters.|
|1984||Became a public company. Started technical collaboration with Stanley Electric Co. Ltd.|
|1985-87||The Company went public and listed its shares in the stock market. Start of operations by the manufacturing unit at Gurgaon, Haryana for Maruti Suzuki.|
|1990||Auto bulb manufacturing unit established in association with Stanley|
|1994||Stanley Electric Co. Ltd. acquired financial stake in the Company|
|Manufacturing unit established at Aurangabad, Maharashtra.|
|2004||Separated from mirror and filter division to focus on automotive lighting products.|
|2008||Plant setup in Pantnagar, Uttarakhand for Tata Motors and expansion of Dharuhera and Chakan Plants.|
|2010||New plant established at Haridwar, Uttarakhand dedicated to Hero Moto Corp.|
|2011||Plants established at Bawal, Sanand and Bidadi|
|2015||The Company’s plant at Pantnagar awarded with JIPM-TPM Excellence Award in Category A|
|2016||Opening of Design Centre in Taiwan|
|2017||Further expansion at Sanand, Gujarat unit|
|2018||Beginning of commercial production at Sanand Plant|
|2019||Announced that the Company has signed a 50:50 joint venture agreement with Jopp Holding, Germany for manufacturing and sale of the automotive components such as shift tower (manual & automated)/ shift forks & all gear sensor assembly.|
|2020||Announced its joint venture with YOKOWO CO., LTD., Japan to manufacture and supply on‐board antennas and other vehicle communication products to the Indian automotive industry.|
|2021||Announce new plant in Sanand, Gujarat and Design center in Czech Republic|
|2022||Commenced its commercial production at its new manufacturing plant situated Sanand, Ahmedabad, Gujarat|
|2022||Opened another Design center in Czech Republic.|
Supplemental Information 1
>>>FY ending Mar. 31, 2015 Business Report
>>>FY ending Mar. 31, 2016/2017 Business Report
>>>FY ending Mar. 31, 2019 Business Report
>>>FY ending Mar. 31, 2020 Business Report
>>>FY ending Mar. 31, 2021 Business Report
>>>FY ending Mar. 31, 2022 Business Report
Note: Figures in brackets ( ) indicates a loss