Digital building infrastructure major Legrand expects IoT, energy efficiency, connectivity, and user-interface product verticals to drive its business in India, contributing the bulk of its revenue over the next few years.
While the first quarter of 2021-22 was also a near-washout due to the second wave of the pandemic, July-September was better and from October onwards demand is back to the 2019 level.
Legrand India had closed 2019-20 with a top line of Rs 2,621 crore, while the same contracted almost 9 per cent in 2020-21 due to the pandemic.
The company is investing to make India a key profit centre of the group globally over the years and is making enough profits to make needed investments.
"We aren't increasing manufacturing capacity because we already have excess capacity. Now we're adding more automation and thus investing in products and R&D and not in manufacturing capacity as our focus is more on IoT and automation. We've no issue at all with capacity as we can increase it manifold at any plant because of the way the plants are built," Legrand India CEO and MD Tony Berland said.
Headquartered in Mumbai, Legrand India offers a wide range of products in energy distribution, wiring devices, home automation, structured cabling, lighting management solutions, cable management and industrial application products and is an undisputed leader in MCBs, RCDs and DBs. The company has three plants, seven training centers and two R&D centers in India and employs a little over 1,000 people.
They are also contributing in the electric vehicles space with charging stations and have tied up with Tata Motors.
