Phoenix Lamps Ltd

Phoenix Lamps Ltd Image

Region

South Asia

Country

India

Deal type

Management buy-in

Investment date

2006

Exit date

2015

Status date

Realised

A shining success story

Next time you are in India, look closely at your vehicle’s headlamps. It’s hard to fathom that 80% of headlights on motorbikes and scooters and 50% of headlights on passenger vehicles come from just one manufacturer: Phoenix Lamps Ltd. Impressively, the company also has a thriving export business with an 80 year-old German brand, Trifa Lamps, serving aftermarket requirements in 75 countries across the world.

When Actis invested in Phoenix Lamps Ltd in 2006, it was poised to benefit from the growth in India’s auto component market. Since then, the company has consolidated its presence in the domestic market and expanded in export markets through the acquisition of a warehousing and repackaging business in Europe.

In 2013, the firm divested the General Lighting business into a separate Company, leaving Phoenix Lamps Ltd with a more focused automotive lighting business.

Actis exited Phoenix Lamps Ltd in 2015.