What we do Comrade Appliances Ltd manufactures air coolers and electric geysers, serving major consumer brands via OEM and ODM models from its Maharashtra facility. |
Founded in 2,017 |
Market share Emerging player with expanding market presence in air coolers and geysers in India. |
Problem solved Provides reliable, designed-to-spec appliances enabling brands to meet consumer demand efficiently. |
Top clients or who we serve Supplies leading consumer goods brands in India under OEM and ODM frameworks, serving B2B clients. |
Key management - |
Our journey and innovations Started as private limited in 2017; became public in 2022 and expanded plastic injection mold business in 2021. |
Where we operate Operates primarily in India with focus on Maharashtra region and national consumer brands. |
Top products or what we offer Air coolers and electric geysers manufactured under customer brand designs or company designs. |
Top brands OEM and ODM products for major consumer appliance brands; no proprietary consumer brand disclosed. |
Raw materials needed Plastic components, metal parts, electrical components sourced globally and domestically. |
Raw materials supplier Multiple component suppliers including plastic molding from acquired Troupe Technologies unit. |
Recurring vs cyclical contribution Revenue mainly from manufacturing contracts; moderate repeat business with cyclical consumer demand. |
Our industry position Growing position in India's appliance OEM/ODM sector with focus on air coolers and geysers. |
Financial highlights FY2025 Revenue ₹57.31 crore; Net Profit ₹0.53 crore, nearly doubling previous year revenue. |
Geographical revenue split Revenue primarily from Indian domestic market. |
Order book Details not disclosed; growing capacity after acquisition and public listing. |
Whats driving growth Increasing domestic demand for affordable cooling and heating appliances, strategic OEM/ODM partnerships. |
Our future plans Expand production capacity and diversify product range; fund-raising via IPO in 2023 supports growth. |
Our green promise No specific ESG initiatives disclosed; energy conservation efforts not material. |
Our people and values Four main departments with emphasis on quality and compliance; employee relations stable. |
Key challenges ahead Competitive appliance market, raw material cost volatility, and scaling operational efficiency. |
Interesting facts Converted from private to public limited in 2022; acquired plastic molding business in 2021. |
Risks and strategy Market competition and cost risks mitigated by partnerships, internal controls and compliance policies. |
