Luminous Power Technologies has made a strategic investment in Delhi-based, Tritronics India. The company is now poised for achieving its objective of Rs 1000 cr turnover. The latter has been in power back-up business in India for almost 20 years. With this move, Luminous is targeting government, institutional, banking, financial, and telecom 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, Tritronics.
Rakesh Malhotra, Managing Director, Luminous Power Technologies, said, "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.
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