Amber Enterprises India Ltd. (AEIL) incorporated in 1990 is a Punjab based company and promoted by Jasbir Singh and Daljit Singh. It is a market leader in Room Air Conditioner (RAC) original equipment manufacturer (OEM) and original design manufacturer (ODM) in India, with a market share o f 55.4% in terms of volume in Fiscal 2017. AEIL is one of the most prominent players in RAC manufacturing and currently serves 8 out of 10 top RAC brands in India. In case of overall RAC market, it commands a volume share of 19.1% in Fiscal 2017 which grew from 14.7% in Fiscal 2015
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Recommendation – AEIL is one of the leading RAC OEM/ODM manufacturer in India with strong customer base. ‘Make in India’ initiative of GoI gave advantage of domestic manufacturers compared to import markets due to lower lead time and working capital cycle, greater flexibility to adjust with market trends and improving cost competitiveness would help in company’s growth both in domestic and international markets. AEIL’s emphasis on R&D to develop, design and manufacture models of RACs, experience team and multiple manufacturing locations allow them optimal utilisation of facilities. Hence, we recommend to SUBSCRIBE the issue for medium to long term perspective.
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