Bajaj Electricals Limited is a part of the Bajaj Group of companies and is a leading FMEG company. The company’s business is spread across consumer products such as appliances, fans, lighting, etc. It was incorporated as Radio Lamp Works Limited in 1938. The company’s name was changed to Bajaj Electricals Limited in 1960. _x000D_ _x000D_ The company continued its growth horizon and entered a joint venture with Black & Decker Corporation, United States, for the manufacturing and marketing of power tools, household appliances, and related accessories through Black & Decker Bajaj Private Limited during 1993-1994._x000D_ _x000D_ During 1999-2000, Black & Decker Bajaj became a wholly-owned subsidiary of the company, and Black & Decker Bajaj was renamed Bajaj Ventures Limited. In 2005, Bajaj Electricals entered into a distribution agreement with Trilux Lenze of Germany for high-end technical lighting. It acquired a 32% stake in Starlite Lighting Limited, a manufacturer of Compact Fluorescent Lamps (CFLs), in 2007. The company elevated its inorganic growth and finished the acquisition of cookware brand Nirlep Appliances with a 79.85% stake in 2018. As a result, Nirlep has become a subsidiary of Bajaj Electricals._x000D_

Business Segments

_x000D_

_x000D_
• Consumer Products: Under this segment, the company is engaged in the manufacturing and sale of consumer products in various categories, such as Home Comfort, Home Essentials, Food Preparations, etc.
_x000D_
• Nirlep: The company deals in kitchen appliances. It runs this business through its subsidiary, Nirlep. This segment provides a modern lifestyle and identifies the future needs of a kitchen.
_x000D_
• Nex: Under this, the company is engaged in the manufacturing of ceiling fans.
_x000D_
• Lighting: The company provides professional and consumer lighting products through this segment.
_x000D_
• Bajel Projects: Under this segment, the company provides power transmission and power distribution through Bajel Projects Limited (BPL).
_x000D_
• Exports: The company is engaged in B2B exports of Luminaires & EPC and B2C exports of consumer products.
_x000D_

_x000D_ Subsidiaries:_x000D_ _x000D_ As of March 31, 2023, the company had two subsidiaries, which are listed below:_x000D_

_x000D_
• Nirlep Appliances Private Limited: It is a wholly owned subsidiary which deals in kitchen products. Nirlep launched Non-Stick technology in India. 
_x000D_
• Bajel Projects Limited: This wholly-owned subsidiary of Bajaj Electricals is engaged in the power transmission business.
_x000D_

_x000D_

Key Personnel

_x000D_ Anuj Poddar, Managing Director and CEO_x000D_ _x000D_ Anuj Poddar is the MD and CEO of Bajaj Electricals Limited. He is responsible for managing all the businesses and operations of the company. Before joining Bajaj Electricals, he was at senior position at Viacom18 Media Private Limited. He was re-appointed to this position in August 2022._x000D_

Corporate Action

_x000D_ In 2007, the company announced a bonus issue of shares in the ratio of 1:1 on a record date of August 28, 2007._x000D_ _x000D_ Management Outlook_x000D_

_x000D_
• The company is optimistic about growth in the appliances business, which will be supported by innovation, changing consumer preferences, and emerging market trends. In addition, the rise in modern apartment developments has increased the demand for higher-end appliances.
_x000D_
• As a result of the urbanisation and infrastructure development in Tier II and Tier III cities, along with the electrification of rural areas, the demand for lighting products has increased and is likely to witness continuous growth.
_x000D_