Winner Of Glass Bulletin Award 2019 For ‘Best Young Emerging Company’
Having been leaders in the metal business segment for four decades since 1979, the INR 12-billion Laxmi Group, led by CMD Subhash M Nahar and his son Harshal Nahar, MD, has entered the glass business under the brand name “Luminaz”.
It was a Herculean Task foraying into glass business, challenging International leaders for proprietary item. But the company was guided by the vision of it owners who had aptly timed the introduction of glass green field project having annual capacity of 1 million automotive glass products named LUMINAZ SAFETY GLASS PVT LIMITED in Aurangabad, Maharashtra, in 2014. In 2016, Luminaz launched its products in the market under the able leadership of float glass and automotive glass business expert Pankaj Srivastava as the Business Head & President of Luminaz Safety Glass. The customized European line and a unique setup with in-house world-class tools making, quality lab and testing facility has challenged all conventional lines available as competition on the productivity, quality and realization front. The company’s first tempered glass consignment was dispatched on 22 Aug 2016 and the first laminated consignment dispatched on 22 Aug 2017. Since then, there has been no looking back. Currently, Luminaz is spread across 4,000 cities and towns in India and across 77 countries through various OEMs such as Bajaj, TVS Motors, Luminaz Exports and Luminaz R & D. The company is leading ahead with customized technology for the upcoming EV developments & typical deep bend curves need of the upcoming market. The management of Luminaz Safety Glass has a strong vision to dominate the automotive glass product market as a leader in the deep bend three wheeler segments and upcoming electric vehicle market. Luminaz has emerged as the third automotive glass player in line with international presence. Its automotive laminated deep bend glass products have acquired 50% business market Share of Bajaj Auto Limited and 80% business share from TVS Motors.
Further, Luminaz Safety Glass Pvt Ltd is committed to nation building. It adopted a countrywide mission to go green with clean energy in its five-acre shed using solar modules of approx Luminaz • 2 2MW capacity on the roof. Luminaz Safety Glass Pvt Ltd was adjudged the “Best Young Emerging Company” by Glass Bulletin Awards 2019. The company’s vision is to multiply with radical transformations and develop a lot of jobs in the field of automotive glass product with complete solutions from designing to mass production at a low cost having high quality standards. Luminaz Safety Glass is committed to keep up excellent business practices to help India grow under Make in India.