Delhi, India (PressExposure) July 13, 2009 -- Luminous Power Technologies, market leader in home inverter & UPS segment has made a strategic investment in Delhi based, TRITRONICS (INDIA) PVT. LTD., a respected name in the ON-LINE UPS industry.
Luminous, a Rs 500 Crore turnover Company, received private equity infusion from CLSA Capital partners in 2007. Inline with its commitment to CLSA, this is the second major strategic investment made by Luminous. The company is now poised for achieving its objective of Rs 1000 Crores turnover.
Tritronics has been in Power back-up business in India for almost 20 years. It has core strengths in Online UPS systems with in-house R&D, Manufacturing and a nationwide after sales service network. Tritronics is a very strong player in the Govt., Institutional, Banking & Financial sectors and is actively exploring opportunities in telecom & industrial segments.
'With this tie-up, we feel much stronger as an Organization. We will have much more to offer to our Customers, suppliers, Employees and all other stake holders" said Rajan Chadha, Promoter & Managing Director of Tritronics, who will continue to head the operations at Tritronics along with the other Promoter Director Mr. Rajiv Chatrath.
"Tritronics compliments our current business operations and together we will enhance our stakes in the market by adding new business segments with a head start. Tritronics has an excellent team and credibility and we see huge potential to grow this business by complimenting their strengths from LUMINOUS" said Rakesh Malhotra, Managing Director of Luminous Power Technologies.