Carrier Airconditioning & Refrigeration Limited is a leader in supplying high-technology heating, air-conditioning, and refrigeration solutions across Asia. The world-first electrical air conditioning system was invented by Willis Haviland Carrier in 1902. Therefore, Carrier was the first company to start Air Conditioning System Business. Not only this, India’s first air-conditioning system was installed by Carrier at Rambagh Palace in Jaipur in 1936. In India, Carrier Air-conditioning & Refrigeration Limited was established in 1986, and in the year 1988, the company’s first manufacturing facility was commissioned in Gurgaon, Haryana. The manufacturing facility covers 19 acres of area and consists highly automated manufacturing unit, an R&D center, and an advanced quality clinic. Currently, this facility manufactures cassettes, ducted splits, package units, air- and water-cooled screw chillers, air- and water-cooled reciprocating chillers, fan coil units, air handling units, refrigeration products, and fire & security products.
Carrier Air-conditioning & Refrigeration Limited has established 14 sales and service offices in India and manages a network of 800+ sales and service channel partners across the country.
The company’s main business segments are:
| Carrier Airconditioning Outstanding Shares: | 106,376,745 |
| Face Value of Carrier Airconditioning Share: | Rs. 10 Per Equity Share |
| ISIN of Carrier Airconditioning Share: | INE040I01011 |
| Lot Size of Carrier Airconditioning Share: | 100 Shares |
| Carrier Airconditioning Share Price: | Best in Industry |
| PAN Number of Carrier Airconditioning: | AAACC8414B |
| Date of Delisting of Carrier Airconditioning: | 30-May-05 |
| Reason of Delisting of Carrier Airconditioning: | Takeover Regulations - 21(3A) |
CIN of Carrier Airconditioning |
U74999HR1992FLC036104 |
Registration Date of of Carrier Airconditioning |
6th July 1992 |
Category / Sub-Category of Carrier Airconditioning |
Company Limited by Shares/ Subsidiary of a Foreign Company |
Address of the Registered office and contact details of Carrier Airconditioning |
Narsingpur, KherkiDaula Post, Gurgaon - 122001, Haryana, Tel: 0124 - 4825500 |
Name, Address and Contact details of Registrar and Transfer Agent, if any |
MCS Share Transfer Agent Limited, F-65, 1st Floor, Okhla Industrial Area, Phase- 1, New Delhi- 110020, Tel: 011-4140 6149/50/51/52, |
|
Name and Description of main products/services |
NIC Code of the product/service |
% to the total turnover of the Company |
|
Room Air-conditioners |
3550 |
81.83% |
|
Spare Sales & Services |
3558 & 9987 |
18.17% |
Mr. Chirag Baijal, Managing Director
Mr. Narendra Singh Sisodia, Independent Director
Mr. Siraj Azmat Chaudhry, Independent Director
Mr. Pankaj Prakash Sahni, Independent Director
Mr. Pritesh Agrawal, Whole-time Director and CFO
Mr. Rahul Kumar Jain Whole-time Director
Ms. Simran Thapar, Whole-time Director
Mr. Har Amrit Pal Singh Dhillon, Non-Executive Director
Carrier Airconditioning & Refrigeration Limited has no Subsidiary or Associate Company.
|
S. No. |
Shareholders’ Name |
No. of Shares |
% of total Shares of the company |
|
1. |
Carrier Corporation, Delaware (Holding Company) |
10,26,18,689 |
96.46% |
|
2. |
Others |
37,58,056 |
3.54% |
|
|
Total |
10,63,76,745 |
100% |
The Airconditioning industry was impacted during peak season because of the second wave in financial year 2021-2022 however when the market opened, your Company received a significant demand pull from the market. Pandemic impacted the supply chain adversely, but your Company managed the working capital well and catered to customer demands in spite of supply chain disruption.
After starting to make the Fixed Speed Toshiba brand Hi-wall Airconditioners last year in India, this year your company started the localization of the Inverter Hi-Wall 3 Star product. The Toshiba brand Light Commercial Cassette product range was extended with the launch of the Stable Power Inverter (SPI) Classic and SPI Premier. Both these offerings are now with the more environmental friendly refrigerant R-32 with a very low Global Warming Potential. The SPI Premier product is being offered with a PM 2.5 filter for better Indoor Air Quality. Carrier also refreshed the range of Inverted ducted product with better efficiencies and made the product competitive. In the Ducted Produced Carrier’s entire range from 3TR to 17 TR is now with the environment friendly refrigerant R-410a. Carrier also acquired the Toshiba.
The Commercial Business saw some of the segments like the industrial/manufacturing getting back to Business normalcy faster than other segments and your company converted these opportunities into Business at speed. With our increased focus on Airside Market, your company picked up orders for more than 6000 terminal units manufactured in your factory in a single year for the first time. Your company also won many significant orders from the emerging Renewable energy sector (Solar & Wind) thus creating a strong reference base.
The company also sold products and solutions which helped make buildings healthier. Solutions like the Ultra Violet Germicidal Irradiation were offered for ducted units and air handling units for better indoor air quality. Air purifiers with high levels of air purification, Air handling units with enhanced filtration also helped make customers buildings healthier. Treated Fresh Air Units and Energy Recovery Ventilators were also pushed in the market for enhanced and efficient ventilation for creating healthier environment inside buildings.
