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Amber

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About Timeline of Key Events Financials Deals Employee data
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Year established

1990

Location

Gurgaon Haryana India

Primary Industry

Heating, Cooling & Ventilation Equipment and Services

About

Founded in 1990 and based in Gurgaon, India, Amber is a company that focuses on the research and development of room air conditioners (RAC). In 2004, the company started RAC and sheet metal parts. In 2012, it acquired PICL. In November 2016, ADV Partners acquire a 44% minority stake in Amber from Fairwinds Private Equity and the company's promoters for INR 3.5 billion. In 2022, the company established the Sricity Unit. Amber owns several subsidiaries including Sidwal Refrigeration Industries Private Limited, IL JIN Electronics (India) Private Limited and Pravartaka Tooling Services Private Limited etc. The company's main products include indoor air conditioners, motors, electronic products and railway air conditioners, etc. Its products are used in industries such as railways, subways, buses and defense.
Current Investors
GIC, ADV Partners, IFCI Venture Capital Funds

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Primary Industry
Heating, Cooling & Ventilation Equipment and Services
Sub Industries
Consumer Electronics, Heating, Cooling & Ventilation Equipment and Services
Website
www.ambergroupindia.com
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only

Timeline of Key Events

TimeLine Events

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Financials

Fiscal Year Ended
Revenue (USD)
% Revenue Growth (YoY)
Operating Income (USD)
Operating Margin
EBITDA (USD)
% EBITDA Margin
NET Income (USD)
% Net Margin
31 Mar 2018
21,715,082,000
-
1,411,838,000
6.5%
1,902,050,000
8.8%
623,058,000
2.9%
31 Mar 2019
27,519,907,000
26.7%
1,591,029,000
5.8%
2,214,125,000
8%
947,709,000
3.4%
31 Mar 2020
31 Mar 2021
31 Mar 2022

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Deals

Deals Type
Add-on, LP Direct
LP Direct
Private Placement/Follow on
Private Placement/Follow on
IPO
Deal Status Target (s) Deal Date Investor(s) Seller(s) Deal size (Mn) Enterprise value (Mn) Post-money valuation (Mn) EBITDA multiple (x) Revenue multiple (x) Lead partner (s)
Completed Ascent Circuits Pvt. Ltd. 03 Jan 2024
Completed Amber 01 Aug 2023
Completed Amber 11 Sep 2020
Completed Amber 21 Feb 2018
Completed Amber 19 Jan 2018
Displaying 1-5 of 6

Employee Data

Employee Graph

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