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Vizion plans tie-ups with European lighting companies

Vizion

New Delhi: Architectural lighting company Vizion Lighting plans to build relationships and collaborations with European lighting companies along with expanding the partnership with Indian lighting designers, according to the company’s founder and Managing Director Vishal Singh.

He said that the company aims to launch a new collection of lights every quarter, in the upcoming financial year (2020-21).

“Vizion aims to consolidate and expand its collaborations with Indian lighting designers, as well as build new relationships with European peers to stay abreast of the lighting industry’s future prospects. With regard to lighting products, we are aiming to launch new collections every quarter,” Singh said.

“We have new products in the pipeline, and expect to launch three to four new collections by the end of 2020.”

Speaking of the company’s financials, Singh said that the company has generated $3 million in revenue by the end of December 2019, and is going strong with a net profit of 20-25 percent per annum. He added that the company currently has orders worth $300,000 until March 2020. Singh said that the company has consolidated its operations in Hyderabad, Bengaluru, Mumbai, Ahmedabad, and Lucknow, and will also soon come up with experience centres in Lucknow and Noida. (IANS)

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