Consumer durables maker Bajaj Electricals on Friday said it expects revenues to go up by about 17 per cent to Rs5,500 crore in the next financial year, 2015-16. The company, which on Friday launched a new campaign for its light-emitting diode (lED) segment, is aiming for up to Rs1,200 crore revenue from its lighting division.
"We would have a revenue of Rs5,500 crore next fiscal year. The growth would come from all the segments of the company," said Bajaj Electricals Chairman and Managing Director Shekhar Bajaj.
The company is expecting to close this fiscal with a revenue base of Rs4,700 crore. It had a turnover of Rs4,000 crore in FY 2013-14, he added. Bajaj Electricals had sales of about Rs92 crore from the lED segment this year and expects that to double in 2015-16.
"This fiscal, we have a revenue of up to Rs60 crore from business to business sales and Rs32 crore from business to consumer segment in lED segment this year. We expect it to be at least double in the next fiscal," said Bajaj Electricals President - lighting Business Group Sundararajan R.
Moreover, 80 per cent revenue of the lighting would from lED segment in the next five years, he added. Bajaj Electricals has formed a partnership with Cisco and is jointly bidding for the smart city projects. The Government is planning for 100 smart cities across the country and Bajaj Electricals is looking at a good business opportunity in this.