When it comes to beating the heat, air conditioners have become an essential part of every Indian household and commercial space. With rising demand, several reputed AC manufacturing companies have established a strong presence in the Indian market, offering a range of energy-efficient and feature-rich cooling solutions.
In this article, we’ve listed the top 10 publicly listed AC companies in India, providing insights into their market capitalization, 1-year profit performance, and Halal status. Whether you’re an investor looking for potential stocks or a consumer curious about the industry leaders, this guide will help you stay informed about the key players shaping India’s cooling solutions market.
Top 10 Listed AC Companies in India
| Company Name | Market Cap. | 1 Year Return | Halal Status |
| Havells India Ltd. | 99,248 | -8% | Mute |
| Voltas Ltd. | 41,895 | -4% | Not Halal |
| Crompton Greaves Consumer Electricals Ltd. | 21,587 | -2% | Halal |
| Amber Enterprises India Ltd. | 6,267 | 52% | Halal |
| IFB Industries Ltd. | 5,405 | -13% | Halal |
| EPACK Durable Ltd. | 3,267 | 80% | Halal |
| Johnson Controls-Hitachi Air Conditioning India Ltd. | 1,780 | 46% | Halal |
| Blue Star Ltd. | 1,626 | 13% | Halal |
| Symphony Limited | 1,296 | 29% | Halal |
| Whirlpool of India Ltd. | 1,277 | -14.4% | Not Halal |
Introduction to Top 10 Listed AC Companies in India
1. Havells India Ltd.
Established in 1958, Havells is a leading electrical equipment company in India. Through its brand Lloyd, Havells offers a range of air conditioners and has a significant presence in the Indian consumer durables market.
- Key Products: Lloyd Split ACs, Inverter ACs, and Smart ACs.
- Financial Highlights (FY24): Achieved a net profit of ₹1,470 crore.
2. Voltas Ltd.
Established in 1954 and part of the Tata Group, Voltas is a leading player in India’s air conditioning market. The company offers a wide range of cooling solutions, including split and window ACs, air coolers, and commercial refrigeration products.
- Key Products: Voltas All Weather ACs, Inverter ACs, and Commercial Refrigeration Units.
- Financial Highlights (FY24): Reported a net profit of ₹834 crore.
3. Crompton Greaves Consumer Electricals Ltd.
Crompton Greaves Consumer Electricals is a leading consumer electrical company in India. While traditionally known for fans and lighting products, the company has expanded its portfolio to include air coolers and is exploring opportunities in the AC segment.
- Key Products: Air Coolers, Fans, and Small Domestic Appliances.
- Financial Highlights (FY24): Reported a net profit of ₹112 crore in Q3 FY24, with a 4.5% increase in sales to ₹1,769 crore.
4. Amber Enterprises India Ltd.
Amber Enterprises, established in 1990, is a prominent manufacturer of air conditioners and components for major brands in India. The company operates multiple manufacturing facilities and serves as an OEM/ODM partner for several leading AC brands.
- Key Products: Indoor and Outdoor AC Units, Heat Exchangers, and AC Components.
- Financial Highlights (FY24): Reported a net profit of ₹37 crore in Q3 FY24, with a 64.77% increase in sales to ₹2,133.33 crore.
5 IFB Industries Ltd.
Established in 1974, IFB Industries is known for its range of home appliances. The company has ventured into the air conditioning market, offering split and inverter ACs designed for Indian climatic conditions.
- Key Products: Split ACs, Inverter ACs, and Front Load Washing Machines.
- Financial Highlights (FY24): Reported a net profit of ₹34 crore in Q3 FY24, with a 8.4% increase in sales to ₹1,228 crore.
6. EPACK Durable Ltd.
Founded in 2003, EPACK Durable is a leading OEM and ODM manufacturer specializing in air conditioners and other home appliances. The company partners with several top brands, contributing significantly to the consumer durables sector.
- Key Products: Room Air Conditioners, Washing Machines, and Small Domestic Appliances.
- Financial Highlights (FY24): Reported a net profit of ₹2.51 crore in Q3 FY24, with a 35.04% increase in sales to ₹376.84 crore.
7. Johnson Controls-Hitachi Air Conditioning India Ltd.
A joint venture between Johnson Controls Inc. and Hitachi Appliances, this company specializes in manufacturing and marketing a wide range of air conditioning products. Despite challenges, it continues to serve both residential and commercial markets across India.
- Key Products: Split and Window ACs, VRF Systems, and Chillers.
- Financial Highlights (FY24): Reported a net loss of ₹3.34 crore in Q3 FY24, with a 44.01% increase in sales to ₹431.65 crore.
8. Blue Star Ltd.
Founded in 1943, Blue Star is renowned for its comprehensive range of air conditioning and commercial refrigeration products. The company caters to both residential and commercial segments, offering energy-efficient and technologically advanced solutions.
- Key Products: Split ACs, Central Air Conditioning Systems, and Commercial Refrigeration Equipment.
- Financial Highlights (FY24): Achieved a net profit of ₹591 crore.
9. Symphony Limited
Founded in 1988, Symphony Limited is a global leader in air cooling solutions. Specializing in residential and industrial air coolers, the company has a presence in over 60 countries and is known for its energy-efficient products.
- Key Products: Residential Air Coolers, Industrial Air Coolers, and Commercial Air Coolers.
- Financial Highlights (FY24): Achieved a net profit of ₹213 crore.
10. Whirlpool of India Ltd.
A subsidiary of Whirlpool Corporation, Whirlpool of India manufactures and markets a variety of home appliances, including air conditioners. The company focuses on energy-efficient and innovative solutions to cater to Indian consumers.
- Key Products: Split ACs, Inverter ACs, and 3D Cool Technology ACs.
- Financial Highlights (FY24): Reported a net profit of ₹45 crore in Q3 FY24, with a 11% increase in sales to ₹1,705 crore.
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