Indiabulls Group, which operates in real estate, infrastructure and housing finance, has entered the LED lighting business.
The new venture will be branded as “IB LED” and would be focusing on LED professional lighting for offices, malls, showrooms, factories, industries and housing societies.
“We expect to capture 2-3% market share in the first year of operation,” said Partha Banik, president, Indiabulls Consumer Product.
The new venture would cater only to the business-to-business (B2B). It has already made soft launches of its products in four metros and few tier II cities.
The company will be offering the LED products/solution at ZERO upfront cost and will be charging customers only the savings they generate from the electricity bill over the next 2 years after installation.
Indiabulls Group enters LED Lighting Business
