Lesol City builds ₹1,000 cr Make-in-India play through distressed electronics asset buys
Mumbai-based Lesol City has scaled to ₹138 crore revenue by acquiring distressed assets including BAG Electronics, Renesola's consumer electronics arm and Usha Shriram lighting rights. With ₹40 crore invested, it targets ₹200-250 crore in FY26 and ₹1,000 crore in 3-4 years across EMS, EV electronics and consumer electricals, with a potential IPO ahead.
Mumbai-based Lesol City has scaled to ₹138 crore by acquiring distressed electronics assets including BAG Electronics, Renesola's consumer electronics and Usha Shriram lighting rights, targeting ₹1,000 crore via EMS, EV electronics and consumer electrical expansion, with potential IPO.