promptec Havells

PROMPTEC RENEWABLE ENERGY SOLUTIONS PRIVATE LIMITED …

Promptec Renewable Energy Solutions Private Limited is a Private incorporated on 04 September 2008. It is classified as Non-govt company and is registered at Registrar of Companies, Bangalore. Its authorized share capital is Rs. 35,500,000 and its paid up capital is Rs. 26,362,260.

Havells acquires controlling stake in Promptec

Leading electrical goods maker Havells India today said it will acquire 51 per cent stake in Promptec Renewable Energy Solutions for about Rs 33 crore to enter the solar energy and LED street lighting segment. "The Board of Havells India Limited today approved the acquisition of majority stake of 51 per cent in Promptec Renewable Energy Solutions at …

Havells India acquires Promptec Renewable Energy Solutions

Havells India acquires Promptec Renewable Energy Solutions on 2015-04-20 for $1032426 Promptec Renewable Energy Solutions Promptec is one of the pioneers and industry leader in LED (Light Emitting Diode) Lighting, Solar lighting and Power Electronics solutions.

Havells to buy 51% stake in LED light maker Promptec Renewable …

Havells would significantly leverage Promptec''s experience and skills through its vast distribution network along with tapping into Promptec''s credentials in the emerging LED street lighting segments and solar products. "The acquisition of Promptec would lead Havells to grow aggressively in the LED segment through a quick market reaction and …

Board of Havells India approves acquisition of stake in Promptec Renewable Energy Solutions …

Promptec has also collaborated with leading companies viz Tata Power Solar and Havells to provide solar and LED products, leveraging its technology, rapid turnaround and short development cycles ...

PROMPTEC RENEWABLE ENERGY SOLUTIONS PRIVATE LIMITED BALANCE SHEET AS AT MARCH 31, 2018

PROMPTEC RENEWABLE ENERGY SOLUTIONS PRIVATE LIMITED Notes to financial statements for the year ended March 31,2018 1 CORPORATE INFORMATION 2 2.01 Basis of preparation 2.02 2.03 Property, plant and equipment 30 - 60 15 6 10 8-10 5-15 3-5

Havells to hike stake in lighting products maker Promptec to 70%

Havells had bought a 51% stake in Promptec in April last year for about Rs 65 crore. Promptec was previously backed by Blume Ventures, which had invested almost Rs 2 crore in the company in 2011 to pick up a 19.9% stake. It scored a multi-bagger exit when

Blume''s third exit in three months, Havells India to acquire majority stake in Promptec …

Havells India Limited has announced the acquisition of majority stake of 51% in Promptec Renewable Energy Solutions at an enterprise value of Rs 65 crore. An ideal deal for Havells Anil Rai Gupta ...

PROFESSIONAL LIGHTING SOLUTION INDUSTRIAL LIGHTS

Today, Havells owns some of the most prestigious brands like Havells, Lloyd, Crabtree, Standard and Promptec. Its network constitutes of 4000 professionals, over 7575 dealers and 40 branches in the country. Our products are available in 40 countries. The

Havells to buy 51% stake in lighting solutions firm Promptec; Blume scores …

Electrical consumer products maker Havells India Ltd has received its board approval to acquire 51 per cent stake in LED and solar lighting products maker Promptec Renewable Energy Solutions, at an enterprise value of Rs 65 crore ($10.3 million), according to a

Board of Havells India approves the acquisition of Majority Stake …

The acquisition of Promptec would lead Havells to grow aggressively in the LED segment through a quick market reaction and short development cycles. Havells plans to take share of LED lighting to over 40%- 50% of its total lighting sales and this acquisition is ...

Havells India to raise stake in Promptec Renewable Energy …

Havells said it is launching solar solutions including solar power generating systems, home lighting kits, solar pumps, solar street lights etc. NEW DELHI: Electrical equipment maker Havells India today said it will increase its stake in Bangalore-based Promptec Renewable Energy Solutions to up to 70 per cent for an undisclosed sum.

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