PNN
Ahmedabad (Gujarat) [India], July 4: Silver Consumer Electricals Private Limited, a model of innovation and excellence in the consumer electricity industry, embarks on a new chapter of success and expansion. Under the dynamic leadership of Vinit Bediya, CEO, Silver has achieved remarkable ten-fold growth in the last five years. Vinit has fostered a work culture driven by ownership and anchored in strong values and corporate governance standards.
Incorporated on August 27, 1981, Silver has traditionally been the manufacturer of residential and agricultural pumps until 2018. In 2019, Vinit Bediya joined and transformed it into one of the fastest growing consumer electricity companies. Silver is now a research-led consumer electrical products player with superior value engineering capabilities. It has a diversified product portfolio with over 10,000 SKUs including pumps, motors, fans, appliances, agricultural equipment, lighting and consumer electrical products. Silver has fully integrated backwards, eliminating China and external dependence, one-of-a-kind, state-of-the-art manufacturing facilities with capabilities to develop and manufacture next-generation products requiring precision and rigorous quality testing, backed by best-in-class products. from his class. R&D facilities. Silver is the largest manufacturing facility spread over 60+ acres of land with over 30+ lakh sq ft of built up location located near Lodhika, Rajkot has multiple dedicated units under a boundary wall. Large investments in infrastructure and building proprietary technologies have fueled its success over the past five years.
Big investor Arpit Khandelwal, managing partner at Plutus Wealth Management LLP, demonstrated confidence in Silver's potential by taking an additional 5 per cent stake in the company. In Silver's third round of fundraising, Arpit Khandelwal re-subscribed the full amount, reflecting a strong and growing partnership between him and Vinit Bediya. This collaboration is about to become a mega story, which will contribute to the economy and embody the spirit of 'Atmanirbhar Bharat', taking the company to the global level by contributing to India's growth path to become a global leader.
Commenting on the company's trajectory, Vinit Bediya said: "Silver is poised for unprecedented growth and success. Our state-of-the-art infrastructure, coupled with a talented workforce and relentless commitment to innovation, firmly positions us for a fundamental role in the global market. The continued confidence shown by our investors reaffirms our long-term vision and strategic direction. We are deeply grateful to our investors for their continued faith and support, which inspires us to strive for excellence and overcome challenges. limits of what we can achieve."
Arpit Khandelwal, Managing Partner at Plutus Wealth Management, commented: "We are excited to deepen our investment relationship, which has now evolved as a partnership with Silver. The company's exponential growth trajectory and strategic initiatives align perfectly with our philosophy. investment. I have a Strong conviction in Silver's ability to achieve collective growth and contribute to India's positioning in the global manufacturing market. This investment underlines my belief in the company's potential and my commitment to supporting its path to becoming. into a global leader to capture emerging opportunities and deliver sustainable value to its stakeholders.
Silver's current cap table also includes legendary early investors like Madhu Kela, who needs no introduction, former Caratlane founder Mithun Sacheti and Singularity fund founder and CIO Yash Kela.
With Silver Consumer Electricals now valued at an enterprise value of Rs 3,600 crore, the company remains steadfast in its pursuit of excellence, innovation and customer satisfaction.
Ahmedabad (Gujarat) [India], July 4: Silver Consumer Electricals Private Limited, a model of innovation and excellence in the consumer electricity industry, embarks on a new chapter of success and expansion. Under the dynamic leadership of Vinit Bediya, CEO, Silver has achieved remarkable ten-fold growth in the last five years. Vinit has fostered a work culture driven by ownership and anchored in strong values and corporate governance standards.
Incorporated on August 27, 1981, Silver has traditionally been the manufacturer of residential and agricultural pumps until 2018. In 2019, Vinit Bediya joined and transformed it into one of the fastest growing consumer electricity companies. Silver is now a research-led consumer electrical products player with superior value engineering capabilities. It has a diversified product portfolio with over 10,000 SKUs including pumps, motors, fans, appliances, agricultural equipment, lighting and consumer electrical products. Silver has fully integrated backwards, eliminating China and external dependence, one-of-a-kind, state-of-the-art manufacturing facilities with capabilities to develop and manufacture next-generation products requiring precision and rigorous quality testing, backed by best-in-class products. from his class. R&D facilities. Silver is the largest manufacturing facility spread over 60+ acres of land with over 30+ lakh sq ft of built up location located near Lodhika, Rajkot has multiple dedicated units under a boundary wall. Large investments in infrastructure and building proprietary technologies have fueled its success over the past five years.
Big investor Arpit Khandelwal, managing partner at Plutus Wealth Management LLP, demonstrated confidence in Silver's potential by taking an additional 5 per cent stake in the company. In Silver's third round of fundraising, Arpit Khandelwal re-subscribed the full amount, reflecting a strong and growing partnership between him and Vinit Bediya. This collaboration is about to become a mega story, which will contribute to the economy and embody the spirit of 'Atmanirbhar Bharat', taking the company to the global level by contributing to India's growth path to become a global leader.
Commenting on the company's trajectory, Vinit Bediya said: "Silver is poised for unprecedented growth and success. Our state-of-the-art infrastructure, coupled with a talented workforce and relentless commitment to innovation, firmly positions us for a fundamental role in the global market. The continued confidence shown by our investors reaffirms our long-term vision and strategic direction. We are deeply grateful to our investors for their continued faith and support, which inspires us to strive for excellence and overcome challenges. limits of what we can achieve."
Arpit Khandelwal, Managing Partner at Plutus Wealth Management, commented: "We are excited to deepen our investment relationship, which has now evolved as a partnership with Silver. The company's exponential growth trajectory and strategic initiatives align perfectly with our philosophy. investment. I have a Strong conviction in Silver's ability to achieve collective growth and contribute to India's positioning in the global manufacturing market. This investment underlines my belief in the company's potential and my commitment to supporting its path to becoming. into a global leader to capture emerging opportunities and deliver sustainable value to its stakeholders.
Silver's current cap table also includes legendary early investors like Madhu Kela, who needs no introduction, former Caratlane founder Mithun Sacheti and Singularity fund founder and CIO Yash Kela.
With Silver Consumer Electricals now valued at an enterprise value of Rs 3,600 crore, the company remains steadfast in its pursuit of excellence, innovation and customer satisfaction.
