Goldmedal Electricals to set up unit in Telangana

[snoww]

Hyderabad: Electrical goods company, Goldmedal Electricals, is planning to set up a manufacturing plant at an estimated investment of Rs 125 crore for manufacturing fans, geysers and other products.

“At present, we are thinking about only fans. Later on, we will add on home appliances such as geysers, among other products that we can potentially in this unit. We are scouting for a suitable location. The facility would need about 2-3 acres of land,” Praveen Jain, director, Goldmedal Electricals.

 

The plant, which is expected to come up by September 2020, would initially employ around 150 people, and hire about 800 people over the next three years.

Goldmedal Electricals presently has manufacturing units in Bhiwadi (Rajasthan), Vijayawada (Andhra Pradesh) and Mumbai. The company manufactures switches and accessories, home automation systems, luminaries and LED lights, wires and cables, doorbells, PVC pipes etc.

The company has seen robust growth in the finanical year 2018-19 growing at a CAGR (compound annual growth rate) of more than 40 per cent YoY (year-on-year) and is currently worth Rs 1,400 crore, a company press release said. The company is targeting revenue of Rs 2,000 crore in the next fiscal, primarily driven by the switches segment.

Goldmedal has 15-18 per cent market share in the electrical industry in the country. The company plans to go for an IPO (initial public offering) in two-three years, Praveen Jain said.

The company has presence in 22 States now and plans to expand to other states, including Odisha, Bihar and Jammu and Kashmir.

[JAPAN]

2-3 acres ye na jujubi

[snoww]

4 minutes ago, JAPAN said:

2-3 acres ye na jujubi

Brand image poyindi kada Hyderabad and TG ki. Anduke ilanti chinna companies coming

1 lakh crores investment and 1 lakh jobs lanti Adani Data centers big companies going to AP. 

[JAPAN]

Just now, snoww said:

Brand image poyindi kada Hyderabad and TG ki. Anduke ilanti chinna companies coming

1 lakh crores investment and 1 lakh jobs lanti Adani Data centers big companies going to AP. 

brand image pole hyd ki

but kotha comanies em ravatle anukunta ekkada but real estate is on sky high right now..inka land rates penchutanani cheppindu KCR ..so inka rates peruguthayi

konni areas ni municipalities ga convert chesaru .boom is still there

data center inka pettaledhu anukunta ga AP lo

 

 

 

[snoww]

3 minutes ago, JAPAN said:

brand image pole hyd ki

but kotha comanies em ravatle anukunta ekkada but real estate is on sky high right now..inka land rates penchutanani cheppindu KCR ..so inka rates peruguthayi

konni areas ni municipalities ga convert chesaru .boom is still there

data center inka pettaledhu anukunta ga AP lo

 

 

 

mee proper ekkada bro ? Hyderabad aa or something else ? 

[DaleSteyn1]

chennai lo water problem,bangalore and mumbai lanti places lo traffic and cost of living problem .hyderabad weather is good and population from all over the country and cost of living or establishing a company with reasonable costs ivanni kalisochi companys baga move avthunay hyderabad ki.This is driving real estate crazy in hyderabad .Shamshabad dhaati kurnool border varaku itu srisailam kondala varaku real estate chesi paranookuthar janalu thega kontunaru .Future lo metro ap tg border varaku poina ascharyam ledhu.

[DaleSteyn1]

13 minutes ago, JAPAN said:

2-3 acres ye na jujubi

akkada ap lo inthaka mundhi mou sign cheyakundane news eskunaru neeku goosebumps ippudemo 125cr investment ante kallaki kanipisthaledhu ga 

[DaleSteyn1]

7 minutes ago, JAPAN said:

brand image pole hyd ki

but kotha comanies em ravatle anukunta ekkada but real estate is on sky high right now..inka land rates penchutanani cheppindu KCR ..so inka rates peruguthayi

konni areas ni municipalities ga convert chesaru .boom is still there

data center inka pettaledhu anukunta ga AP lo

 

 

 

nris are driving real estate crazy in hyderabad 

[kevinUsa]

5 minutes ago, DaleSteyn1 said:

nris are driving real estate crazy in hyderabad 

agreed bro

[kevinUsa]

9 minutes ago, DaleSteyn1 said:

chennai lo water problem,bangalore and mumbai lanti places lo traffic and cost of living problem .hyderabad weather is good and population from all over the country and cost of living or establishing a company with reasonable costs ivanni kalisochi companys baga move avthunay hyderabad ki.This is driving real estate crazy in hyderabad .Shamshabad dhaati kurnool border varaku itu srisailam kondala varaku real estate chesi paranookuthar janalu thega kontunaru .Future lo metro ap tg border varaku poina ascharyam ledhu.

u mean to say till kalwakurthy

suryapet

varaku?

[JAPAN]

27 minutes ago, snoww said:

mee proper ekkada bro ? Hyderabad aa or something else ? 

proper tenali..AP

 

[JAPAN]

50 minutes ago, DaleSteyn1 said:

akkada ap lo inthaka mundhi mou sign cheyakundane news eskunaru neeku goosebumps ippudemo 125cr investment ante kallaki kanipisthaledhu ga 

why comparing AP here..i just passed a statement based on those news..2-3 acres ante govt ki ivvatam jujubi kadha ani ardham anthe kani AP ki edho vachindhi TG ki raale ani kadhu 

inka anni topics ki AP and TG ani compare chesukuntu comments pettukotamena 

neeku chaadastham ekkuvaindhi anukunta

[JAPAN]

32 minutes ago, DaleSteyn1 said:

chennai lo water problem,bangalore and mumbai lanti places lo traffic and cost of living problem .hyderabad weather is good and population from all over the country and cost of living or establishing a company with reasonable costs ivanni kalisochi companys baga move avthunay hyderabad ki.This is driving real estate crazy in hyderabad .Shamshabad dhaati kurnool border varaku itu srisailam kondala varaku real estate chesi paranookuthar janalu thega kontunaru .Future lo metro ap tg border varaku poina ascharyam ledhu.