Why Syska is the Top Lighting Brand franchise to Start in India 2024
Written By: Yukta Palekar
Hello friends, do you want to become a distributor of electric equipment or a franchisee of a well-known brand in India? Do you intend to open a popular brand's Electric LED shop in your area? As a result, selecting a Syska LED Light Distributorship franchise would be an excellent choice.
In this post, we will go over how to obtain a Syska LED Light Distributorship franchise, the investment required, the commission structure, the application procedure, the paperwork needed, and much more.
Syska Franchise overview
Syska Home Lighting Franchise is a Pune-based company founded in 1989 by Rajesh and Govind Uttamchandani. With over 75 locations across India, Syska offers a wide range of international quality LED lighting solutions for various applications, including residential, retail, commercial, and industrial settings.
The company is a market leader in the electric and electronics sector in India and has a revenue sharing of 4.79 / 5 and a franchise fee and infrastructure investment of 4.88 / 5.
The company also provides support and training at 4.62 / 5 and a ROI timeframe of 4.66 / 5. The company's brand value is 4.55 / 5 and its overall ratings are 4.70 / 5.
LED Lights Products by Syska
Syska offers a range of LED lighting solutions for residential, commercial, outdoor, industrial, and decorative applications. Their residential range focuses on energy-saving and reliable lighting, while their RoHS-compliant products protect homes and lives from electrical hazards.
Syska also provides high-efficiency industrial solutions, offering sustainable and cost-saving solutions. The company offers lighting solutions in two segments: consumer and commercial.
Consumer segments include lamps, tubes, smart lights, emergency lights, table lamps, fixtures, and indoor luminaires. Commercial segments include industrial and outdoor lighting solutions, flood lights, LED canopy lights, and weatherproof industrial battens.
Syska also offers personal care products, home appliances, and flame- and fire-retardant wires for consumers.
Investment in Syska franchises
The Syska franchise investment includes a fee of not disclosed, infrastructure investment of Rs. 30 - Rs. 70 Lakhs, a franchise commission of approximately 88%, and a franchisor of about 12%.
The franchise ROI is estimated to be 1.5 years. Infrastructure requirements include a 100-500 Sq.ft. shop, 2-3 employees, a billing counter, product display area, air conditioning, CCTV setup, computer connectivity, and product delivery.
Syska Franchises Lighting: Top Reasons to Invest in LED
- LED are highly energy-efficient.
- Use less energy to produce the same light, resulting in lower electricity bills.
- Contribute to reduced carbon emissions.
- LED have a longer lifespan, lasting up to 25 times longer.
- Suitable for diverse settings and design preferences.
Improved Lighting Quality:
- Better colour rendering, making colours appear more vibrant and natural.
- Enhances overall lighting quality.
- While LED may have higher upfront costs, they offer long-term cost savings.
- Designed to minimize glare, ensuring comfort for the eyes.
- Helps prevent eye strain and headaches.
- Contribute to lower energy costs and improved safety.
- Do not contain hazardous materials like mercury, providing a safer option for people and the environment.
Profit structure of Syska Franchises
Syska LED provides high profit margins and investment opportunities in the electrical goods business, with potential margins ranging from 1% to 13%. Distributors can receive incentives and bonuses for monthly sales targets, and the company's extensive product range offers numerous growth opportunities.
Syska Franchise - Marketing Assistance
Syska franchise offers marketing support through unit interior and exterior ads, local advertising, digital marketing, television advertising, print ads, events/seminars, and training in product information, display, fitting, and a training helpdesk.
Overview of the India Lighting Market
In 2022, the Indian LED lighting industry is expected to be worth US$3.4 billion. Looking ahead, the researcher forecasts the market to reach US$ 11.9 billion by 2028, with a CAGR of 23.22% from 2022 to 2028.
- Integration of artificial intelligence and LED lighting.
- Focus on creating functional working environments.
LED Lighting Expansion:
- Entry of Chinese LED light producers.
Urban Population Growth:
- Over half of India's population resides in urban cities.
- Rapid urbanization driving infrastructure development.
Demand for Outdoor LED Lighting:
- Increasing demand for outdoor LED lighting.
- Public places such as malls, stores, restaurants, hospitals, and schools are major consumers.
Energy Consumption in Commercial Buildings:
- Domestic manufacturing companies targeting opportunities in the market.
Benefits of LED Lights:
- Always ensures safety.
Impact of Disruptions:
- Disruptions in real estate or construction industries negatively affect the lighting solutions sector.
COVID-19 Pandemic Effects:
- Long-lasting effects on the global lighting industry.
- Extended production time, depleted supplies, and premium prices.
- Smaller enterprises in the sector experiencing a sharp drop in revenues.
Other Top Lighting Brand franchise to consider in India 2024
Venture Lighting International Inc, a subsidiary of Advanced Lighting Technologies, owns Venture LED India Limited. Venture LED offers energy-efficient products for a variety of applications, thanks to cutting-edge machines and a full-fledged R&D Engineering Team.
Their products increase energy efficiency, sustainability, and lighting costs. Venture LED provides world-class LED lighting solutions, as well as powerful brand promotions, cheaper costs, faster expansion, ongoing operational assistance, a successful track record, and nationwide franchising prospects.
FranchiseBazar assists with site selection and provides national franchise opportunities. Venture LED's dedication to quality and client satisfaction is reflected in their product offerings. Range of investment: Rs. 1 – 50000
Vantra is an Indian modern lighting solutions brand that offers a diverse selection of products to suit a variety of moods, places, and needs. Vantra lighting franchises are suitable for entrepreneurs wishing to create a home improvement or lighting franchise in India, with a high margin segment and ongoing improvement.
The company is dedicated to discovering and innovating, and its products are continually developing. To become a VANTRA franchisee, the franchisee does not need to be an expert in all elements of lighting.
Customers should be concerned about how Vantra's experience might aid them tremendously. The cost of a VANTRA franchise ranges between Rs. 20lakhs and Rs. 30lakhs.
Andslite Pvt. Ltd, founded by Shri Chinna Gounder Chenna Krishnan and Shri Saravanan Palanisamy, aims to serve the people of rural, remote, and power-scarce areas by designing and manufacturing LED torch lights and solar-based products.
The company focuses on providing high-quality, durable LED torch lights and solar lanterns to these areas. Andslite is now a manufacturer and trader of LED-based ABS Plastic Torchlights, Metal torchlights, rechargeable head lights, study lamps, emergency lights, bulbs, wall lights, down lights, solar home lightings, solar lanterns, solar street lights, solar table fans with LED light, PV modules, and tricolour handheld signal equipment for Indian Railways.
The company is run by a dedicated team with a mutual goal of developing innovative, high-quality, eco-friendly LED and solar products. Entrepreneurs should consider investing in Andslite's franchise opportunity due to its trust-based business, safe and reliable products, passion for technology, and social and environmental responsibility. Investment Range: Rs. 1Lakh - 2Lakh
Starting a Syska LED franchise presents a promising business opportunity in the electrical goods sector. Collaborating with the area manager and following the outlined steps can lead to successful franchise establishment and brand growth.
Proper lighting and electricity are essential for a home. FranchiseBazar offers opportunities for electrical retail, business, home application, and electrical franchises in India. They provide guidance on starting an electrical shop, electronic store, and electronic service franchises.
Q.1. Who are the major participants in the India Lighting Market?
The prominent firms active in the India Lighting Market are Signify N.V., Havells India Limited, SYSKA, Wipro Ltd., and Bajaj Electricals Ltd.
Q.2. How fast is the India Lighting Market growing?
The India Lighting Market is expected to develop at a 15.7% CAGR over the next five years.
Q.3. What exactly is Syska LED?
Syska LED is a lighting industry leader, providing a diverse range of energy-efficient LED products such as bulbs, tube lights, panel lights, streetlights, and more. The company is well-known for producing high-quality products with cutting-edge technologies and designs.
Q.4. How long does it take to become an authorized Syska LED distributor?
The clearance process might take a few days to a few weeks, depending on criteria such as the distributor's background, market analysis, and required papers.
Q.5. Can I sell Syska LED goods online?
Yes, you can sell Syska LED items online if you respect the company's policies and have the relevant approvals.
Q.6. How is the Indian LED lighting market segmented based on application?
The Indian LED lighting market can be segmented into commercial, residential, institutional, and industrial applications. Commercial applications now have the most market share.
Q.7. How much profit do Syska LED distributors make?
Syska LED distributors' profit margins vary depending on factors such as region, competition, and business size. However, the corporation normally provides its distributors with competitive margins.
Disclaimer: The brands mentioned in this blog are the recommendations provided by the author. FranchiseBAZAR does not claim to work with these brands / represent them / or are associated with them in any manner. Investors and prospective franchisees are to do their own due diligence before investing in any franchise business at their own risk and discretion. FranchiseBAZAR or its Directors disclaim any liability or risks arising out of any transactions that may take place due to the information provided in this blog.
Written By: Divisha Pandey
Written By: Divisha Pandey
Written By: Divisha Pandey
Written By: Nitika Jindal