Growth

Starting with a few assembly units, the Airconditioning & Refrigeration Industry began its real journey towords self sufficiency only in the late fifties. As such this Industry is barely four decades old. The industry is entirely of post-independence growth.Before that the country's needs were met by imports and large numbers of Domestic Refrigerators & Airconditioners were brought into the country by persons of Indian orgin coming to their homeland for a visit and bringing the appliances along with their personal effects.

It was during the foreign exchange crisis in late fifties when the Airconditioning & Refrigeration Industry in India started producing Appliances such as Airconditioners, Refrigerators, Water Coolers, Bottle Coolers, Deep Freezers. This was followed by compressors, and other Airconditioning & Refrigeration Equipments, Components and Controls.

The industry achieved a phenomenal growth and inspite of many hurdles and heavy burden of taxation imposed by the Government, the Industry gained sufficient momentum.At present India produces annually over 10 lakh Window and Split Type Airconditioners, approximately 40 lakhs Domestic Refrigerators, 1,00,000 water coolers and over Rs. 1000 crores worth of Airconditioning & Refrigeration Equipment and Systems for Industrial and commercial use.The total turnover of the Industry is about Rs. 4000 crores.