The electronics market of India is one of the largest in the world and is anticipated to grow at a compound annual growth rate of 24.4 per cent during 2012-2020. Separately, forecasts say that the electric wire and cable market in India is to grow at a CAGR of 16.18percent over the period 2015-19. The Indian wire and cable industry is growing satisfactorily and getting more and more consolidated and becoming largely organized now. Construction cables and wire sector anticipated to see steep growth in demands in coming days owing to huge govt's, spending in infrastructure, smart cities, real estate boom, and housing explosion.
Also, the year 2015 started off on a good note for the LED industry in India. PM's initiative to launch Notional programme for LED based Home & street lightning as well as a scheme for LED
Veto will be a big beneficiary of GST because all dubious suppliers of electrical goods in the grey market will perforce have to comply with the law, giving Veto a competitive edge.
Veto is India's first company to produce ISI mark electrical accessories in INDIA. It is engaged in the manufacturing of electrical accessories, and wires and cables in India and internationally.
The company uses high quality raw material to give best products to its customers. The company is engaged in manufacturing wires & cables
and electrical accessories (switchgear), which jointly contribute ~ 79%, to
its total topline. Veto earns the remaining 21% of its revenue from trade in
other business including fans, LED and CFL.
Veto is a dominant player in
Rajasthan, which contributes ~75% to its total sales. The company has a
dealer network of 2314 across India with 80% based in Rajasthan.
However, the company plans to expand its dealer network across India
and increase the count to 5000 dealer in the next two years. Veto also
plans to export its products to Middle East countries from FY17-18 through
its wholly-owned subsidiary Veto Electrical Pvt Ltd. Consolidated
revenues grew at 16% CAGR
Veto group has sustained the position as a leading supplier of electrical goods in the gulf countries for a time period of more than a
decade.
Products
Electrical Accessories
Wires and Cables
CFL and T5 Fitting
Fans
Led Light
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