Panasonic Life Solutions India
FormerlyAnchor Electricals
TypeSubsidiary
IndustryElectrical products
Founded1963; 59 years ago (1963)
HeadquartersMumbai, India
ProductsElectric switches, wiring devices, fans,lighting, solar, switchgear, cables, power tools
ParentPanasonic (2007–present)
Websitewww.lsin.panasonic.com

Anchor Electricals Pvt. Ltd. is an Indian electrical equipment company. It is the largest manufacturer of modular and non-modular electrical switches in India. Aside from switches, it also manufactures low voltage switchgear, wires and cables, light and fans among other things.

History

Established in 1963 as Anchor Electricals Pvt. Ltd., now Panasonic Life Solutions India Pvt. Ltd. is a wholly owned subsidiary of the Panasonic Corporation of Japan. Panasonic acquired Anchor, the 50-year-old Indian family-owned electrical equipment brand, in 2007.[1] The company produces low-voltage electrical switches and accessories, switchgear and protection devices, wires & cables, lamps & luminaires and fans. It also sells home automation products from Panasonic.[2]

The company's new manufacturing unit has been built at Daman, India. The investment for the plant has been Rs 200 crores and will produce a complete range of wiring devices. The plant's current production capacity is of 240 million units. For the first two years, the products manufactured at Daman will cater to the domestic market. By 2015 the company was expecting 5 percent of their revenues to come from exports.[1] The factory has adopted features like installation of LED lighting, solar panels and use of treated sewage water.[3]

References

  1. ^ a b "Anchor Electricals eyes 25 per cent revenue growth in FY13". Economic Times. 2012. Retrieved 5 November 2012.
  2. ^ "Panasonic Corporation". Anchor Electricals. 2009. Retrieved 3 October 2012.
  3. ^ "Anchor Electricals sets up new unit in Daman". Economic Times. 2012. Retrieved 25 October 2012.