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Top 6 Best AC [Air Conditioners] Companies in India 2022

This about the list of top AC ( Air Conditioners ) companies in India. This segment is crowded with over 25 Companies, including serious global and Indian companies with the top five players accounting for about 60% of the market share.

List of Top AC Company in India

Here is the list of Top AC Air conditioners company which is sorted out based on the Market share and total sales. The list was arranged in descending order.

6. LEEL Electricals Ltd ( Lloyd )

LEEL Electricals Ltd ( Lloyd ) is a publicly-traded company with its headquarters in New Delhi. It is the leading and largest producer of Coils / Heat Exchangers (Fin and Tube type) in India, serving the entire spectrum of HVAC & R industry in the country as well as OEM’s in North America, Europe, Middle East, and Australia.

The company also manufactures Air conditioners for the Indian Railways, Metro Rail and Buses at its Bhiwadi factory. It is among the top Indian ac company.

  • Total Sales: Rs 1,422 Cr
  • Market Cap:  11.09 Cr.
  • ROE: 2.69 %
  • Sales Growth (3Yrs): 2.51 %
  • Promoter holding0.00 %
  • Debt to equity: 0.37
  • Price to book value: 0.01

Since 1989, the company has evolved rapidly and come to be respected as a dependable supplier of high-quality coils to original Equipment Manufacturers of Heating, Ventilation, Air conditioning, and Refrigeration equipment. The Company is the 6th largest ac manufacturers in India.

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5. Johnson Controls-Hitachi Air Condition. India Ltd

Johnson Controls–Hitachi Air Conditioning was established on October 1st, 2015 as a joint venture between Hitachi Appliances, Inc. (now Hitachi Global Life Solutions, Inc.) and Johnson Controls, Inc.

Hitachi Appliances carved out and contributed its air conditioning business to the Joint Venture. Johnson Controls acquired a 60% stake of the carved-out business and Hitachi Global Life Solutions, Inc. continues as a 40% shareholder of this venture.

  • Total Sales: Rs 2,430 Cr
  • Market Cap:  7,911 Cr.
  • ROE: 14.97 %
  • Sales Growth (3Yrs): 10.96 %
  • Promoter holding: 74.25 %
  • Debt to equity: 0.04
  • Price to book value: 11.79

With this joint venture, two rich, 100-year-old cultures and histories have come together to create one exciting new company, serving combined customers with the most diverse product portfolio in the air conditioning industry. The Company is the 5th largest ac manufacturers in India.

4. Amber Enterprises India Ltd

Amber Enterprises India Ltd is a prominent solution provider for the Air conditioner OEM/ODM Industry in India. It has a dominant presence in RACs complete unit and deals in major RAC components with 10 manufacturing facilities across India focusing in on different product segments.

  • Total Sales: Rs 3,844 Cr
  • Market Cap:  4,889 Cr.
  • ROE: 9.96 %
  • Sales Growth (3Yrs): 35.64 %
  • Promoter holding: 44.02 %
  • Debt to equity: 0.34
  • Price to book value: 4.62

With expertise in components like heat exchangers, sheet metal components, injection molding components, and system tubing and motors, Amber is strongly positioned with its backward integration to derive the core deliverable’s in terms of quality, cost & delivery.

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The company offers higher energy efficiency and expertise in indoor, outdoor, split and window AC units. The company deal in AC components as well as non-AC components. The Company is the 4th largest ac manufacturers in India.

3. LG India

Life’s Good with LG and its range of products. Begin by transforming your TV viewing experience and enjoy the thrill of premium TV/Audio/Video, with LG India’s superior TV viewing technology. Enjoy the next level TV viewing with the widest range of Nanocell TVs, LED and OLED TVs , 4K Resolution, and Smart TV.

Breathe a sigh of relief and experience bacteria-free purified air with LG India’s innovative air conditioner technology. The Company is the 3rd largest ac manufacturers in India.

Be it the mosquito repellent split air conditioner or superior functioning of commercial and floor standing air conditioners, ceiling cassette, ceiling concealed duct type and HRV cooling solutions.

2. Blue Star Ltd

Blue Star is India’s leading air conditioning and commercial refrigeration company, with a network of 32 offices, 5 modern manufacturing facilities, 2800 employees, and 2900 channel partners.

The Company has 5000 stores for room ACs, packaged air conditioners, chillers, cold rooms as well as refrigeration products and systems, along with 765 service associates reaching out to customers in over 800 towns.

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The Company fulfills the cooling requirements of a large number of corporate, commercial as well as residential customers. It is the 2nd largest Indian ac company.

  • Total Sales: Rs 5,657 Cr
  • Market Cap:  8,037 Cr.
  • ROE: 22.72 %
  • Sales Growth (3Yrs): 11.29 %
  • Promoter holding: 38.76 %
  • Debt to equity: 0.46
  • Price to book value: 9.27

The Company has manufacturing facilities at Dadra, Himachal, Wada and Ahmedabad, which use modern, state-of-the-art manufacturing equipment to ensure that the products have consistent quality and reliability.

The Company has a manufacturing footprint of about 1 lakh sq m, with the mainstay of product development and R&D being energy-efficiency, coupled with eco-friendly and sustainable products.

1. Voltas Ltd

As India’s largest air conditioning company, Voltas is also one of the most reputed engineering solution providers specializing in project management. It is the largest Indian ac company.

Swiss-based Volkart Brothers joined hands with Tata Sons Limited over 6 decades ago to create Voltas.

  • Total Sales: Rs 7,631 Cr
  • Market Cap:  23,066 Cr.
  • ROE: 12.88 %
  • Sales Growth (3Yrs): 7.59 %
  • Promoter holding: 30.30 %
  • Debt to equity: 0.08
  • Price to book value: 5.64

Voltas plays a vital role in developing the infrastructure of the nation as well as exporting their unparalleled expertise across Technology, Engineering, Construction, Cooling and Ventilation, Infrastructure Projects, Textiles, Mining and Manufacturing sectors, making them one of the most trusted and reliable engineering solution providers.

NoCompany Name
1Voltas Ltd
2Blue Star Ltd
3LG India
4Amber Enterprises India Ltd
5Johnson Controls-Hitachi Air Condition. India Ltd
6LEEL Electricals Ltd ( Lloyd )
Top AC Brands Companies in India

Elgi Equipments Limited
Raveendran R
Raveendran R
Editor @ Indiancompaies.in


  1. we service commercial full system , we do all those brands Nu-Vu, Nemco, Lennox, Hoshizaki , Imperial, Marshall Air , Nor-Lake , Pitco , Hobart , Henny Penny , Holman , Lincoln , Merrychef , Wolf , Star , True , US Range many other brand.

  2. why we did not live the life without AC and we all are know to about their harmful effects. it destroy our environment it polutes our air and in year 2050 ,2060 perhaps we could not breath easyily so i had a request to dont buy AC And should make a good environmemt.

  3. dear:Madam/sir: iam kasinageswar from nandyl ,kurnool.(dist)Andhrapradesh. sir i start the new company air conditioners,Refrigerators,washing machines,micro ovens and others. plz send me details split A/cs,LED tvs, how much cost with our own brand printed logo.


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