Company Profile
Bajaj Electricals Limited is a globally renowned Indian Consumer Appliances and Lighting Solutions company. Headquartered in Mumbai with a turnover of INR 5,429 crores (FY 22-23), it is a part of the $100 bn multinational conglomerate Bajaj Group founded by Shri Jamnalal Bajaj. The Company was established in 1938 and has stood the test of time for over 85 years. Bajaj Electricals’ business portfolio spans Consumer Products (Appliances, Fans, Cookware) and Lighting Solutions (Consumer and Professional Lighting); its Power Transmission and Distribution business was recently demerged to form a separate listed entity – Bajel Projects Limited. The Company continues to enjoy consumer trust across various sectors it operates in and remains at the forefront of developing modern, technologically superior and aesthetic products and solutions.
Over the last few years, Bajaj Electricals has embarked on a significant transformation journey and achieved some early milestones – the turnaround of company’s performance and strengthening the leadership to drive agility and innovation in the industry, a key strategic milestone of the EPC business becoming net-debt-free – a first for the Company in over four decades; the planned scheme of arrangement for split of the entity into two independent publicly listed companies (upon a demerger of its power infrastructure business), adopting a consumer centric multi- brand or ‘house of brands’ approach for the consumer facing business, completing the acquisition of Nirlep Appliances, launching a new brand Nex and refreshing the identity of the flagship brand BAJAJ. Having achieved these milestones, Bajaj Electricals is preparing for aggressive growth across its businesses in a focused manner.
The efforts of chasing excellence across all the functions have led to the company bagging multiple industry recognitions, some of the noteworthy awards are: