Syska to partner with French lighting giant to make, sell switching systems
Syska Group - promoted by brothers Rajesh and Govind Uttamchandani - the largest distribution partner for Samsung in India, is diversifying into manufacturing fast moving consumer electrical goods. Syska, which launched LED lights a few years back, is in talks with a leading French company to make and sell switching systems. The products will be made at its factory at Shirwal in Satara district of Maharashtra, where Syska is investing over Rs 250 crore.
"Within a month or so, we will be able to disclose details", said Rajesh Uttamchandani, director, Syska LED.
Syska's factory at Chakan in Pune makes industrial lights and another unit in Thane makes bulbs and panel lights. A year ago, the company ventured into making cables, wires and electrical appliances like torches, batteries and electrical accessories.