HighlightsHind Lamps Corporate was once based in 1951 Registered at Kanpur and Shikohabad Its registered cope with Shikohabad Income of the unit 33.46 crore within the monetary 12 months ended thirty first March, 2021 New Delhi
Shikohabad, a town in Uttar Pradesh….a host of cycles at the street resulting in the railway station…a tiffin hung at the deal with of each and every cycle and a person riding it…Hind Lamps Manufacturing facility situated close to the vacation spot railway crossing …
This sight was once noticed in Shikohabad, when the Hind Lamps Manufacturing facility was the satisfaction of the town of Shikohabad. Many of us dwelling on this town and one of the vital surrounding villages labored within the manufacturing facility. The corporate named Hind Lamps Restricted was once well-known in all places Asia for its merchandise. However it’s mentioned that it’s not too overdue to modify the time. The Hind Lamps manufacturing facility of Shikohabad, which as soon as touched the heights, has change into so dilapidated as of late that it’s being closed. No longer most effective this, the employees of Hind Lamps, Shikohabad have no longer even gained their wage for the remaining 8 months.
The Hind Lamps manufacturing facility in Shikohabad is these days owned by means of Bajaj Electricals Restricted. Bajaj Electricals is part of Bajaj Crew. Bajaj Electricals got this Shikohabad unit from Hind Lamps in 2018. Now Bajaj Electricals has determined to close down this unit completely.
How outdated is Hind Lamps Manufacturing facility
The basis of Hind Lamps Corporate was once laid in 1951 and Shikohabad unit was once additionally established on the similar time. Hind Lamps Restricted Corporate is registered at Kanpur and its registered cope with is Shikohabad. Previous, the manufacturing facility made glass bulbs, HID bulbs and aluminum caps. After the purchase of Bajaj Electricals, LED bulbs, LED tube lighting fixtures have been additionally manufactured within the manufacturing facility. The Hind Lamps manufacturing facility was once no longer restricted to the manufacturing facility on my own. Reasonably there have been colonies, parks and faculties for its employees. There was a visitor space as smartly. More than a few occasions have been held within the manufacturing facility once in a while. However as of late it’s in all places.
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Why is the manufacturing facility remaining?
In a communique despatched to the inventory exchanges, Bajaj Electricals mentioned, “The proposal for everlasting closure of operations of the Shikohabad unit was once thought to be and authorized within the assembly of its Board of Administrators hung on Monday.” That it’s taking this step for the reason that efficiency of this unit isn’t ample and it’s incurring steady working loss. Then again, really extensive efforts were made to restore it.
How a lot is the earnings of this manufacturing facility
The full earnings of Bajaj Electricals’ Shikohabad unit i.e. Hind Lamps Manufacturing facility stood at Rs 33.46 crore within the monetary 12 months ended March 31, 2021. Its proportion within the overall source of revenue of Bajaj Electricals is most effective 0.72 %. The unit had a pre-tax lack of Rs 4.44 crore in the similar duration.
There was hundreds of employees, as of late the determine is diminished to masses
A employee running within the manufacturing facility mentioned that throughout 1990-92, there was 3500 employees within the Hind Lamps manufacturing facility. However as manufacturing facility efficiency started to say no, a duration of employee layoffs started. Some employees got VRS and made to sit down at house. Nowadays the selection of employees in Shikohabad Hind Lamps Manufacturing facility has come right down to 107. Out of this, 76 employees are being laid off.
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