Bosch Home Comfort India Ltd Share Price Consumer Durables
₹ 1,347.00 +18.10 (1.36%)

A member of the Lalbhai group, Amtrex Hitachi Appliances Ltd (AHAL) formerly known as Amtrex Appliances (AAL) was incorporated in Dec.'84, as Acquest Air-conditioning Systems (P) Ltd Company. It was converted into a deemed public limited company in Jun.'89. On 22, Jan.' 99 it issued 5165490 equity shares to Hitachi., Japan and Hitachi India Pvt Ltd., on prefrential basis making Hitachi group co-promoter of the company along with Lalbhai group. Subsequently it has been renamed Amtrex Hitachi Appliances Ltd. It has a technical collaboration with Hitachi, Japan. Amtrex is a leading manufacturer of air-conditioners. It has two plants, one at Kadi, Gujarat (a backward area), manufacturing air-conditioning and refrigeration appliances and other durables, the other at Silvassa manufacturing air-conditioners. It currently manufactures room air-conditioners consisting of window, split and multi-split air-conditioners under a technical collaboration with Hitachi, Japan, and markets them under the Amtrex brand. AHAL has entered into a joint venture with Cornelius, US, which will hold 51% of the equity in the venture. In May 2000, the company introduced "Kalmin" a new 1.5 ton window AC with a unique feature of sleep mode which saves on power to a extent of 34%. The company has adopted the technology route and is constantly developing and introducing new models alongwith upgrading existing models in all categories of Air-conditioning products. During 2000-01, the company has introduced new "LOGICOOL" range of Window and Split Air-conditioners. During the year 2003, the company changed its name to "Hitachi Home & Life Solutions (India) Ltd."