A conglomerate with multiple lines of businesses
SAR Group, founding promoters of brand Luminous is a leading global company delivering high quality power products for home and commercial applications.
After the sweet success of Luminous, in 2011 Mr Rakesh Malhotra, who over the last 24 years has built the brand, divested 74% of his holding in Luminous Power Technologies to French electrical engineering and power management company Schneider Electric.
The company’s group portfolio includes 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 revenue 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 managed to spread its foothold internationally. .