Genlite’s Performance in FY18
The financial year 2017 – 18 was very special for Genlite. During the second part of the year Genlite was appointed by KOEL as an additional GOEM for Telengana state mainly to augment growth in that state in addition to TN/Kerala and Pondicherry. Genlite has proved this right by performing well during the four months after their inception in that State. Genlite sold 5170 gensets in their territory during the report year as against 4583 sold in the previous year registering 13% growth. Genlite has also registered 18% growth in value sales mainly due to increase in higher HP genset sales. While they sold 239 HHP sets in the previous year, their sales jumped to 324 HHPsets in FY 18. They could also sell 17 nos CRDI sets ( 750 KVA and above ) as against only 3 nos in FY17. It is also noteworthy to mention here that all these CRDI sales were achieved in a market dominated by Cummins for many years. Genlite could also become only the second GOEM in the country to surpass 5000 numbers. I feel this achievement , at a time when most of the GOEMs were struggling for growth , was due to the dedication and hard work of Genlite team and their KGDs. I have to add here that the support they received from KOEL made the work easier. I request all Genlite team mates to draw inspiration from this sterling performance and work for more achievements in FY19.
