Johnson Controls-Hitachi Air Condition. India Ltd - JOHNSON CON. HIT Share Price

Summary

Johnson Controls-Hitachi Air Conditioning India Company (formerly known as Hitachi Home and Life Solutions (India) Limited) was incorporated in December 07, 1984 as Acquest Air Conditioning Systems Private Limited. It was converted into a deemed public limited company in Jun.89. The Company is engaged in the business of manufacturing, selling and trading of Hitachi brand of Air conditioners, refrigerators, chillers and VRF (variable refrigerant flow) systems. Manufacturing facility for Air conditioners is set up at Kadi (North Gujarat). It provides a diversified range of customized and innovative air conditioning products. The Company possesses a wide distribution network with 4 regional offices, 18 branch offices, above 10,000 sales points and more than 1,500 service points. On 22, Jan. 99, the Company 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... Read More