Carrier Airconditioning & Refrigeration

Carrier is a major manufacturer of high-tech heating, cooling, and refrigeration systems. It first opened its doors in 1986. The first production plant was established in Gurgaon, Haryana, in 1988. A highly automated production unit, an outstanding R&D centre, and an advanced quality clinic make up the facility. Carrier’s complete Environment, Health, and Safety (EH&S) programme provides a framework and tools for integrating EH&S principles into the company’s business and culture.

Carrier India has 14 sales and service offices around the nation, as well as more than 800 sales and service channel partners, guaranteeing efficient solutions and high-quality services at the customer’s doorstep, boosting the Carrier Aircon share value.

Business Segments of The Company

  • Light commercial air conditioning (lc): Across Carrier’s Light Commercial and VRF businesses, which expanded organically year over year, the company has made steps in the direction of new investments, improved products, and business growth.
  • Toshiba: The company’s business unit is consistently growing, with notable success in the Light Commercial line, which includes VRF, Inverter High Walls, Inverter Cassettes, and Ducted products. This includes notable wins in Hospitality, Condominiums, Institutions, and Corporates, establishing the brand as a high-tech, high-quality product in the market.
  • Cassette Range: From the Carrier facility in India, the firm now has an upgraded range of cassettes. The product is offered in accordance with updated BEE requirements in effect in 2018. Customers have grown more interested in the services as a result of new aesthetics and engineering improvements in capacity, sound, and efficiency.
  • SMMS 7 Top Discharge VRF: Today’s customer is more aware of the need of conserving energy resources. The new Toshiba SMMS7 has a higher capacity as well as better energy efficiency. With a local fit design, the footprint, weight, and refrigerant required are reduced, making it more appealing and competitive in our markets.
  • Next Generation Inverter Ducted: It’s a solution designed to meet India’s rising need for energy-efficient products by providing the best-in-class local fit solutions for Indian consumers. It has a wide range of uses due to its great energy efficiency.
  • Mini SMMS7 Side Discharge VRF: Another VRF series that has been improved to minimise the machine’s height and footprint is the Mini SMMS7. With a large selection of Indoor Units to pick from, it offers a lot of design freedom. These are product extensions that increase the applications for your Company’s line of products, with a rising market for VRF.
  • Commercial air-conditioning: The firm has increased its market share in the commercial air-conditioning category, and its high-efficiency solutions have been warmly received across all categories and applications.

Board of Directors of The Company

Name Designation
Mr Chirag Baijal Managing Director
Mr Narendra Singh Sisodia Non-Executive Independent Director
Mr Pankaj Prakash Sahni Non-Executive Independent Director
Mr Sugeeth Kumar Whole-time Director and Chief Financial Officer
Mr Nanda Kishore Lakkaraju Whole-time Director
Ms Nandita Luthra Non-Executive Director
Mr Har Amrit Pal Singh Dhillon Additional Director
Mr Rahul Jain Whole-time Director

Past performance of The Company

(All figures INR in crores except specifically mentioned)

Particulars 2016-17 2017-18 2018-19
Total Revenue 1,383.38 1,356.07 1,511.38
Profit before Tax (PBT) 119.56 113.02 108.23
Profit After Tax (PAT) 80.66 72.88 68.03
Earnings per share (EPS) (INR) 7.58 6.85 6.40
Dividend per share (INR) 9.58 5.10 27.20

Carrier Airconditioning & Refrigeration Unlisted Shares Price
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Carrier Airconditioning & Refrigeration Limited shareholding pattern as on 31.03.2019 is as under

Category of shareholder No. of shares % holding
United

Technologies

South Asia

Pacific Pte.

Ltd. (promoter)

10,26,18,689 96.47%
Others 37,58,056 3.53%
Total outstanding shares 10,63,76,745 100.00%

Carrier Airconditioning & Refrigeration Ltd Share Price

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