What we do Veto Switchgears & Cables Ltd manufactures electrical wires, cables, switchgear accessories, LED lighting, and household electrical appliances in India. |
Founded in 2,003 |
Market share A leading Indian manufacturer with strong market share in electrical accessories and cables across multiple states. |
Problem solved Providing high-quality, ISI-certified electrical products ensuring electrical safety, energy efficiency, and modern consumer needs. |
Top clients or who we serve B2B and B2C customers including household consumers, electrical contractors, and industrial clients across India and select international markets. |
Key management Akshay Kumar Gurnani (MD & CEO), Narain Das Gurnani (CFO & Whole Time Director) |
Our journey and innovations Founded in 2003, first in India to produce ISI mark electrical accessories; expanded product line with LED lighting and modern electrical appliances; multiple new plants and acquisitions. |
Where we operate India nationwide with major presence in Rajasthan, Uttar Pradesh, Gujarat, and exports to UAE; recently expanded with subsidiaries across the country. |
Top products or what we offer Wires & Cables, Electrical Accessories, LED Lighting (Vyoma brand), Modular Switches, Fans, Household Appliances including heaters and rods. |
Top brands Veto (electrical products), Vimal Power (wires), Vyoma (LED lighting and modular switches) |
Raw materials needed Copper, PVC resin, Aluminium |
Raw materials supplier Various vendors; copper and PVC primarily sourced on market rates |
Recurring vs cyclical contribution Primarily recurring revenue from established wires, cables, and electrical accessories sales with cyclical influences from infrastructure demand. |
Our industry position Strong regional leader with growing national footprint in electrical accessories and lighting; ISO 9001 certified. |
Financial highlights FY 2024-25 consolidated revenue approx. Rs. 303 crores; net profit Rs. 21.8 crores; stable profitability with focus on cost efficiency. |
Geographical revenue split Major revenues from Rajasthan, Uttar Pradesh, Gujarat, Haryana, and expanding presence in South India. |
Order book - |
Whats driving growth New product launches, expanding distribution network, investments in LED and energy-efficient appliances, and government infrastructure projects. |
Our future plans Increase production capacity, widen product portfolio, strengthen subsidiaries, and export growth. |
Our green promise Energy-efficient LED products, solar power use, and environmentally responsible manufacturing processes. |
Our people and values 336 employees; culture focused on innovation, safety, and customer satisfaction. |
Key challenges ahead Raw material price volatility, competitive market pressures, and maintaining growth amid economic fluctuations. |
Interesting facts India's first company to produce ISI mark electrical accessories; wide product range from cables to domestic appliances. |
Risks and strategy Mitigating raw material price risk, enhancing operational efficiency, diversifying products and markets. |
