Company Description
A CONGLOMERATE WITH MULTIPLE LINES OF BUSINESSES SAR Group, progenitor of brand Luminous is a leading global company delivering high quality power products for home and commercial applications. After the resounding success of Luminous, in 2011 Mr Rakesh Malhotra, who has nurtured the brand for over 24 years, divested 74% of his holding in Luminous Power Technologies to French electrical and power management major, Schneider Electric. The company’s group portfolio comprises purity, health and wellness, energy storage, home electricals, renewable energy, power backup and power storage, renewable and alternate energy solutions like biomass pellets and solar, respectively. Founded in 1988, the group has revenues exceeding US $ 500 million in FY 14-15 and has grown in strength year-after-year to 4000 employees. The group, apart from its dominating position in the domestic market has spread its magic globally
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