- Business
- Bajaj Electricals Limited manufactures and markets consumer electrical appliances, fans, lighting solutions, and cookware in India and select international markets; core products include ceiling fans, table fans, tower fans, personal fans, water heaters, air coolers, room heaters, irons, mixer grinders, juicers, stand mixers, hand blenders, food processors, air fryers, kettles, gas stoves, pressure cookers, induction stoves, pans, kadhais, hair dryers, straighteners, trimmers, body groomers, LED bulbs, battens, decorative lights, portable lights, outdoor lights, indoor office lights, stadium lights, tunnel lights, street lights, and professional lighting fixtures; brands encompass Bajaj, Morphy Richards, Nirlep, and Nex. Bajaj Electricals operates primarily in consumer products and lighting solutions segments, targeting households, offices, commercial spaces, and infrastructure projects with a distribution network exceeding 400,000 retail outlets, 1,000 distributors, 4,000 authorized dealers, 19 branch offices, and 282 customer care centers across India; it maintains manufacturing facilities in Chakan, Ranjangaon, and other locations while pursuing exports and sustainability initiatives. Founded in 1938 as Radio Lamp Works Limited and renamed Bajaj Electricals Limited in 1960, the company is headquartered at 45/47 Veer Nariman Road, Mumbai, India, and forms part of the Bajaj Group conglomerate. In recent developments, Bajaj Electricals demerged its power transmission and distribution projects business into Bajel Projects Limited; its board approved the acquisition of the Morphy Richards brand and related intellectual property rights in India, Nepal, Bhutan, Bangladesh, the Maldives, and Sri Lanka from Glen Electric Ltd for INR 146 crore, subject to definitive agreements and regulatory approvals, enhancing its premium appliance portfolio after over two decades as the brand's licensee in India. The company reported turnover of INR 4,828.43 crore for FY 2024-25 with over 2,500 employees.