New Delhi, April 29 -- The promoters of Faridabad-based Norisys Technology Pvt Ltd, a premium electrical switches and accessories maker, have engaged Alvarez & Marsal to explore a potential stake sale, according to two people familiar with the matter.

"The company is seeking an overall valuation of Rs.5,000-6,000 crore. The exact deal structures are yet to be decided as it is still early days but it is likely to be a majority stake sale," one of the people said.

"It is an extremely profitable company even at a small scale and has grown well in the last few years, so several large private equity players will be tapped to test demand for the asset," according to the second person. Both people spoke on the condition of anonymity.

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