AMBER

Business Segments

Amber operates through multiple verticals: Room Air Conditioners (RAC): Its core segment, contributing the majority of revenue. Amber supplies finished RAC units and key components such as heat exchangers, sheet metal parts, injection-molded plastics, and motors to leading OEMs like Voltas, Daikin, Hitachi, LG, and Blue Star. Component Manufacturing: It is one of the most backward-integrated players in India, manufacturing almost 80% of RAC components in-house. Electronics Manufacturing (EMS): Through subsidiaries like ILJIN Electronics and EVER Electronics, Amber has expanded into the electronics space—producing PCBs, LED lighting, and control systems. Mobility / Railway Solutions: The company also manufactures HVAC units for Indian Railways and metro projects, contributing to diversification beyond consumer durables. 📈 Recent Developments Amber is setting up a copper laminate plant in Mysuru to strengthen its EMS and semiconductor value chain capabilities. Through its subsidiary ILJIN Electronics, it has acquired a significant stake in Unitronics, an Israel-based automation and control systems firm, expanding its reach into industrial electronics and automation. The company plans to raise approximately ₹1,200 crore to scale its electronics and EMS business, marking a move toward reducing dependence on the seasonal air conditioning segment. 💰 Financial & Market Snapshot Amber holds nearly 23–25% market share in the Indian room air conditioner manufacturing space. The company’s revenues are growing steadily, supported by rising domestic demand, government push for local manufacturing, and import substitution under “Make in India.” Margins remain under pressure occasionally due to commodity costs (copper, aluminum, plastics), but vertical integration helps maintain competitive profitability. The balance sheet is moderately leveraged, and cash flow generation has improved due to higher capacity utilization and component exports.