Introduction: Amber Enterprises India Ltd ,based out of Punjab, India is a leading manufacturer of air conditioners and its components. It has a strong presence in Room Air Conditioner (RAC) design and manufacturing. Amber has 10 manufacturing units for RAC’s across India
Date of establishment: Amber Enterprises India Private Limited was incorporated as a private limited company in the year 1990.
Product & Service Offering: Product portfolio of Amber enterprises include:
1. Room Air Conditioners (RACs) - This includes window air conditioners and indoor units and outdoor units of split air conditioners.
2. RAC Components - Critical and reliability functional components of RACs such as heat exchangers, motors and multi-flow condensers.
3. Other Components - Other related components including case liners for refrigerator, plastic extrusion sheets for consumer durables and automobile industry, sheet metal components for microwave, washing machine tub assemblies and for automobiles and metal ceiling industries.
Promoters of Amber Enterprises India Limited: The Hong Kong-based private equity player ADV Partners holds 41% in the company. Rest of the stake is with the promoters of the group(Jasbir Singh and Dalgit Singh)
Customer segment: It is a contract manufacturer of RAC's for eight out of the top 10 RAC brands in India including Daikin, Hitachi, LG, Panasonic, Voltas and Whirlpool.
Objects of the Issue: The aim of the proposal is both for the fresh issue by the company and selling of shares by existing shareholders. Fresh Issue of shares will be used for funding existing debts, buying medical equipment and sundry corporate expenses.
Summary of financial Information (Restated Consolidated)
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