Lumax Industries Ltd.

Company Profile

■URL

http://www.lumaxindustries.com

■Address

Plot No. 16, Sector 18, Maruti Complex, Block B, Mayapuri Industrial Area Phase I, Mayapuri, Gurgaon, 122015, 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, as of March 2018, the Company has a 60% market share of the Indian automotive lighting market.

Shareholders

-The DK Jain Group owns 37.2% of the Company while Stanley Electric owns 35.8% of the Company. The remaining is owned by public and corporate entities. The Company is listed on the National Stock Exchange of India Limited.

Category of shareholder Shareholding %
DK Jain Group 37.2
STANLEY ELECTRIC CO., LTD. 35.8
Individual 18.5
THAI STANLEY ELECTRIC PUBLIC COMPANY LIMITED 1.7
Foreign Portfolio Investors 0.7
Mutual Funds 0.5
Others 5.6
Total 100.0

Products

-Head lamps
-Tail lamps
-Fog lamps
-High mount stop lights
-Auxiliary lamps
-Indicators

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

Supplemental Information 1