Lumax Industries Ltd.

Company Profile

■URL

http://www.lumaxindustries.com

■Address

2nd Floor, Harbans Bhawan-Ⅱ, Commercial Complex,Nangal Raya, New Delhi 110046, India

Business Overview

-The Company provides automotive lighting systems for both four-wheel and two-wheel vehicle applications. The Company primarily serves the Indian automotive market.

-According to the Company's profile, the company is market leader in the Indian Automobile Lighting Business with 50% market share.

-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 has 10 manufacturing plant across India.

Shareholders

-During the fiscal year ended March 31, 2020, The DK Jain Group owns 37.5% of the Company while Stanley Electric owns 37.5% of the Company. The remaining 25.0% 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 CO., LTD. 35.8
Individual 16.9
THAI STANLEY ELECTRIC PUBLIC COMPANY LIMITED 1.7
Mutual Funds 0.9
Foreign Portfolio Investors 0.7
Others 6.5
Total 100.0

Products

-Head lamps
-Tail lamps
-Fog lamps
-High mount stop lights
-Auxiliary lamps
-Indicators
-Seat Structures and mechanism
-Gear Shifters
-Plastic Modules
-Telematics Products and Services
-Air Intake System
-CAC Ducts
-Wiring Harness
-Front Lighting System
-LED Side Indicator
-Transmission Products
-Door Visor
-HVAC Panel
-Antennas
-Rear Lighting System

SL Lumax
-Chassis
-Trim
-Mirrors
-Shift Lever
-Parking Brakes
-Front-end modules
-Head Lamp
-Rear Combination Lamp
-Fog Lamp

History

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 onboard antennas and other vehicle communication products to the Indian automotive industry.

Supplemental Information 1