Carrier India is one of the country’s oldest and most influential names in air-conditioning and refrigeration technology. Its legacy in India began in 1936, when Carrier installed the nation’s first-ever air-conditioning system at the iconic Rambagh Palace in Jaipur. The company formally established its Indian entity in 1986, followed by the launch of its world-class, fully automated manufacturing facility in Gurgaon, Haryana, in 1988.
Spread across 19 acres, the Gurgaon campus houses:
As part of the global Carrier ecosystem, the company contributes to a network comprising 51 manufacturing plants, 39 R&D centers, and a global workforce of 53,000+ employees, serving customers in 180+ countries.
A) Carrier’s Innovation DNA
Innovation is the cornerstone of Carrier’s global and Indian operations. The company continuously invests in:
Carrier’s R&D hubs focus on designing next-gen HVACR systems that meet global standards for efficiency, sustainability, and reliability. Through rigorous testing and breakthrough engineering, Carrier remains a world leader in heating, ventilation, air conditioning, and refrigeration.
B) Manufacturing Capabilities & Product Portfolio
Carrier’s Gurgaon facility produces a comprehensive range of high-performance HVACR and security solutions, including:
Air Conditioning Products
Chillers & Refrigeration
Fire & Security Systems
These products cater to commercial, industrial, and high-end residential environments.
C) Excellence in EH&S (Environment, Health & Safety)
Carrier India’s commitment to responsible, safe, and sustainable operations is evident in its stellar EH&S performance. Its Gurgaon facility has achieved:
This stands as a benchmark within India’s engineering and manufacturing sector.
D) Nationwide Presence
Carrier India maintains a strong pan-India footprint with:
This extensive network ensures rapid service, superior customer support, and wide accessibility of Carrier products.
E) Key Business Segments
1. Light Commercial Air-Conditioning (LC)
A fast-growing vertical driven by:
2. Commercial Air-Conditioning
Strong growth in the pharmaceutical and industrial sectors driven by:
3. Commercial Refrigeration
Growth supported by:
4. Service Business
Carrier’s premium service vertical continues to grow, catering to:
5. Transicold – Cold Chain Leadership
Carrier Transicold India plays a pivotal role in strengthening India’s cold-chain ecosystem, with:
F) Ownership Structure
As of 31 March 2023:
G) Financial Performance & Share Price Movement
Carrier India delivered an exceptional FY22–23 performance, achieving:
Financial Highlights
Unlisted Share Price
Carrier India remains a sought-after company in the unlisted market due to:
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