Halonix Technologies Pvt Ltd (Halonix), India’s fastest growing residential and institutional lighting company, has reported a 22% of Compound Annual Growth Rate (CAGR), which is markedly higher than the industry growth rate in single digits CAGR. The company is also expecting to close its books at around Rs. 520 crore turnover vis a vis Rs. 423 crore in 2018-19 and Rs. 352 crore in FY 2017-18.

Halonix closed its H1 in FY 19-20 at 234 crore v/s Rs. 178 crore in H1 FY 2018-19, a growth of 32%, which highlights the momentum at which the company is growing.

The Halonix retail business, which has shown a year-on-year growth of 26%, offers a wide range of innovative products under the sub-brand Halonix Prime. After cementing its leadership in the inverter light and motion sensor light segments, Halonix recently launched its category redefining ‘All-Rounder series’ that has three wattages in one bulb and the ‘Speaker Bulb’ that allows you to play clear powerful music through the bulb without having to sign in through any app. Halonix Prime today contributes to about 30% of the retail revenues.

The institutional business at Halonix grew at a CAGR of 35% from 2014-2019. It has deployed lighting solutions at over 15 airports, Tumkur Smart City, many railway stations, and street lighting for many municipal corporations. It has been the preferred lighting solutions partner for many leading public sector and private sector companies, including some of the biggest corporate names in India.

Rakesh Zutshi, Managing Director, Halonix Technologies Pvt Ltd, says, “Our focus on quality, indigenous manufacturing, a steady stream of innovative, value-defining new products developed in-house, expansion in distribution and streamlining of our sales and supply chain processes have contributed to Halonix delivering growth and profitability far above the industry average. Our foray into fans and smart-home solutions as well as our sustained growth in lighting should see us accelerating towards our goal of being a Rs. 1000 crore company by FY- 23."

About Halonix Technologies Pvt. Ltd.

Halonix Technologies Pvt. Ltd. is among India’s fastest growing retail and institutional lighting companies. It has been among the first movers in manufacturing energy-efficient lighting in India with Made in India / Made for India products. The success of Halonix has been built on the back of its unparalleled ability to develop, validate and deploy lighting solutions suitable for Indian conditions. Due to its sharp focus on innovation and quality control, the brand is accepted by consumers and trades worldwide. It has a state-of-the-art manufacturing facility at Haridwar and has been accredited with ISO 9001, ISO 14001 and OHSAS 18001 certification. It has a dedicated R&D team, which develops products tailor-made for India with the help of a fully equipped, state-of-the-art, and self-certified NABL laboratory.

Disclaimer: This is a company press release. No HT Group journalist is involved in the creation of this content.

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