What we do Jagan Lamps Ltd manufactures automobile halogen lamps and electric bikes, innovating with advanced lighting technologies and expanding into electric vehicles with the 'NEUTRON' bike. |
Founded in 1,993 |
Market share Established player in auto lighting with export and domestic sales; expanding EV presence in India. |
Problem solved Enhances vehicle lighting safety and illumination; supports sustainable transport with electric bikes. |
Top clients or who we serve OEMs and aftermarket vehicle lighting customers; B2B and B2C segments in automotive and electric vehicle markets. |
Key management Mr. Ashish Aggarwal, Chairman & Managing Director; Mrs. Rekha Aggarwal, CFO; Mr. Raghav Aggarwal, Executive Director. |
Our journey and innovations Started in 1993, pioneered super white halogen lights in 2000-01, automatic bulb production line in 2011, EV segment launch in 2019-20. |
Where we operate Primarily India domestic market and exports; presence in South Korea through collaboration. |
Top products or what we offer Auto halogen bulbs, including H4 lamps; electric bikes under the 'NEUTRON' brand. |
Top brands NEUTRON electric bike; auto halogen lamps with super white, Xemon, Gold, Green light variants. |
Raw materials needed Glass, tungsten wire, halogen gases, electrical components, imported raw materials approx. 40%. |
Raw materials supplier Domestic and international suppliers; collaboration with Li-Tech Corporation, South Korea. |
Recurring vs cyclical contribution Revenue is largely cyclical tied to automobile and EV market demand cycles. |
Our industry position Known for quality halogen lamps; growing presence in EV market; stable domestic and export revenue streams. |
Financial highlights FY 2024-25 revenue Rs 49.8 crore, net profit Rs 2.84 crore, slight revenue decline due to geopolitical factors. |
Geographical revenue split Domestic revenue Rs 8.39 crore; export revenue Rs 6.25 crore (data as per 2018-19 estimates). |
Order book - |
Whats driving growth Innovation in lighting technology, EV market expansion, export growth, energy efficiency initiatives. |
Our future plans Exploring alternate energy sources such as rooftop solar; continuing EV product development. |
Our green promise Focus on energy conservation, LED lighting, exploring renewable energy adoption. |
Our people and values Board includes independent directors; emphasis on corporate governance, ethics, and employee welfare. |
Key challenges ahead Geopolitical risks, competitive EV market, raw material import dependency, regulatory compliance. |
Interesting facts First Indian company to introduce super white and multicolor halogen lamps; longstanding Korean technical collaboration. |
Risks and strategy Mitigates risks through insurance, diversified markets, continuous process improvements, and sound governance. |
