Carrier Airconditioning Delisted Share price

Carrier Airconditioning Share Price & Delisted Shares - Company Overview

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: 

• Light Commercial Air-conditioning (LC), is further classified as the ducted segment and Cassette segment.
• Commercial Air-conditioning
• Toshiba
• Commercial and Toshiba Service
• Channel Business Service
• Totaline
• Commercial Refrigeration
• Transicold
• AdvanTE3C

Carrier Airconditioning Delisted Share Details As of March 31,2024

Incorporation Details of Carrier Airconditioning 

Principal Business Activities of Carrier Airconditioning 

Board of Directors of Carrier Airconditioning

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

Particulars of Subsidiary and Associate Companies of Carrier Airconditioning 

Carrier Airconditioning & Refrigeration Limited has no Subsidiary or Associate Company.

Shareholding Pattern of Carrier Airconditioning (As of 31-03-2024)

Industry Outlook of Carrier Airconditioning         

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.