Shikohabad’s ‘Hind Lamps’ as soon as used to ring in the entire of Asia, as we speak it’s so unhealthy that it’ll be closed

HighlightsHind Lamps Company was based in 1951 Registered at Kanpur and Shikohabad Its registered handle Shikohabad Unit’s income 33.46 crore within the monetary yr ended March 31, 2021 New DelhiShikohabad, a metropolis in Uttar Pradesh….The highway resulting in the railway station But a bunch of cycles… a tiffin held on the deal with of every cycle and a person driving it… Hind Lamps Factory situated close to the vacation spot railway crossing… This view was seen in Shikohabad, when Hind The Lamps Factory was once the satisfaction of the town of Shikohabad. Many individuals dwelling on this metropolis and a number of the surrounding villages labored within the manufacturing unit. The firm named Hind Lamps Limited was well-known throughout Asia for its merchandise. But it’s stated that it’s not too late to alter the time. The Hind Lamps manufacturing unit of Shikohabad, which as soon as touched the heights, has turn into so dilapidated as we speak that it’s being closed. Not solely this, the employees of Hind Lamps, Shikohabad haven’t even obtained their wage for the final 8 months. The Hind Lamps manufacturing unit in Shikohabad is presently owned by Bajaj Electricals Limited. Bajaj Electricals is part of Bajaj Group. Bajaj Electricals acquired this Shikohabad unit from Hind Lamps in 2018. Now Bajaj Electricals has determined to shut this unit completely. How outdated is Hind Lamps Factory The basis of Hind Lamps Company was laid in 1951 and Shikohabad unit was additionally established on the similar time. Hind Lamps Limited Company is registered at Kanpur and its registered handle is Shikohabad. Earlier, the manufacturing unit made glass bulbs, HID bulbs and aluminum caps. After the acquisition of Bajaj Electricals, LED bulbs, LED tube lights have been additionally manufactured within the manufacturing unit. The Hind Lamps manufacturing unit was not restricted to the manufacturing unit alone. Rather there have been colonies, parks and colleges for its staff. There was once a visitor home as effectively. Various occasions have been held within the manufacturing unit every so often. But as we speak it’s all over. Also learn: Domino’s Pizza will earn hundreds of thousands, know methods to begin this enterprise and the way a lot revenue will it make! “The proposal for permanent closure of operations of the Shikohabad unit was considered and approved in the meeting of its Board of Directors held on Monday.” The efficiency shouldn’t be passable and it’s incurring steady working loss. However, loads of efforts have been made for its revival. How a lot is the income of this manufacturing unit The whole income of the Shikohabad unit of Bajaj Electricals i.e. Hind Lamps Factory stood at Rs 33.46 crore within the monetary yr ended March 31, 2021. Its share within the whole earnings of Bajaj Electricals is just 0.72 %. The unit had a pre-tax lack of Rs 4.44 crore in the identical interval. Once there was once 1000’s of staff, as we speak a employee working within the knowledge manufacturing unit, stated that in 1990-92, there have been 3500 staff within the Hind Lamps manufacturing unit. But as manufacturing unit efficiency started to say no, a interval of employee layoffs started. Some staff got VRS and made to take a seat at dwelling. Today the variety of staff in Shikohabad Hind Lamps Factory has come all the way down to 107. Out of this additionally 76 staff are being laid off.