| Consumer Durable Products | Complete RACs, components including heat exchangers, motors, PCB assemblies, and plastic parts for appliances and automobiles | Strong client relationships, extensive manufacturing base across India, technological capabilities | B2B customers in consumer durable segment including LG, Daikin, Panasonic, Whirlpool | Inverter ACs and advanced RAC components | 7329 | 74 | OEM/ODM manufacturing with supply contracts to major consumer durable brands | Contract manufacturing with negotiated pricing; blend of fixed and variable pricing models | Higher AC demand, product diversification into commercial ACs, new customer acquisitions | Amber Enterprises Room ACs, non-AC components, HVAC solutions |
| Electronics Division | Printed circuit board assemblies, bare PCBs, box-build solutions for wearable, industrial, telecom sectors | Strategic JV with Korea Circuit, technology licenses, strong client base | B2B in consumer electronics, telecom, automotive, defense, industrial automation | Multi-layer and HDI PCBs with advanced tech | 2194 | 22 | Sales of PCBs and assemblies; contract manufacturing with tier-1 customers | Contract manufacturing and product supply agreements | Acquisitions like Unitronics and Shogini Technoarts, diversifying PCB portfolio, ECMS approvals for new facilities | ILJIN Electronics PCBs, Ascent Circuits PCB manufacturing |
| Railway Sub-system & Defense Division | Railway HVAC systems, subsystems including couplers, pantographs, brakes, doors, gangways for metros and defense | Established position in railway HVAC, strong JV partnerships and expanding facilities | B2B focusing on Indian railways, metros, defense, and international rolling stock markets | Defense HVAC and specialized railway components | 450 | 4 | Project-based contracts and supply to railway and defense OEMs | Contractual supply agreements and project bidding | Large order book, government infrastructure spending, new product launches in defense HVAC | Sidwal Refrigeration HVAC for railways and defense, Yujin JV products |
