HOW COOL IS THE NEW HOT WITH HTL AIRCON ADAPTING CUTTING EDGE
ENVIRONMENTAL FRIENDLY COOLING SOLUTIONS TO DOMESTIC MARKET
* HVAC SEGMENT PEGGED AT $2 BILLION, THE COMPANY TARGETS 500 CR MARK
BY 2025
Mumbai, June 13, 2018: Comfort Cooling Solutions major, HTL Aircon
today said it aims to be among the top players in India’s industrial
HVAC (Heating, ventilation, and air conditioning) market as the company
reached a record-breaking 100 cr mark. Be it a various sector like
healthcare, banking and finance, commercial, corporate, hospitality,
residential, factories, education, retail or having a pan India
presence, HTL Aircon has embraced every scope while defining a business
model. Indian HVAC market is growing at a steady rate of 10-12%
annually. Currently pegged at $2 Billion, the HVAC segment is booming
and becoming an employment generator in Indian Industry. With the
company breaking the Rs 100cr mark, HTL Aircon will be soon listed on
BSE SME by the next fiscal.
Speaking today at the announcement gala amidst various stakeholders Mr.
Lavinder Duggal, Managing Director HTL Aircon shared, “HTL Aircon has
been a pioneer in Indian HVAC segment. Started in 1996, the 22-year-old
company has crossed 100cr mark in the pure HVAC sector, which also has
several other Indian and International players reaching the mark. For a
homegrown player like us, this feat is remarkable. We currently hold a
major market share and proceeding ahead with the objective of creating
teams for other MEP services. The market is growing annually at the rate
10-12 per cent, while HTL has been growing 4-5 times faster than the
market “.
100 smart cities are slated to come up across the country. These smart
cities are expected to provide a major fillip to the technology firms,
in India and overseas, that offer connected devices and solutions.
“It’s a huge opportunity for us because our kind of services will suit
those intelligent buildings. Healthcare, Retail and Education will be
the growth drivers in Tier2 cities also”, Mr. Bhupinder Duggal,
Co-Owner & President, HTL Aircon shares.
HTL Aircon has a strong presence in Maharashtra, Delhi, Goa, Karnataka
and Andhra Pradesh and soon expanding operations to Gujarat, Tamil Nadu.
He further added, “With our presence felt stronger in key Indian
markets, we have set our eyes on International business, which will
enable us to mark our global footprint with the upcoming foray in
markets like Middle East, Africa and Sri Lanka. HTL Aircon confidently
marches ahead on its illustrious journey with various goals to
accomplish. It aims at achieving a turnover of 500 cr by 2025″. Major
projects like Morgan Stanley, Phoenix Infocity, HSBC, and Bank of
America were undertaken by HTL Aircon.
“Quality and raising the standards’ will remain sacrosanct to HTL
and will be the guiding principle now and forever. Innovative
technologies are taking the HVAC industry by storm. As high-tech gadgets
and the latest innovations continue to improve our lives, HTL Aircon are
introducing live site progress on its HTL app which is currently under
construction. This app (Grow Smart) is a cloud based enterprise
solutions software which will offer real time service calls updates &
call center to bring down the time”, Mr. Duggal shares.
“At the onset we are also entering MOU’s with International powerhouse
Daikin, to come up with technology and concepts specific to Middle East
and Africa which is the beginning of Global expansion”, Mr. Lavinder
Duggal adds.
HTL Aircon has always been part of CSR activities, because they believe
in uplifting society by empowering the impoverished sections. In the
past few years HTL Aircon has been a part of commendable social
activities. Donating a car to facilitate transport for the cancer kids
and adopting the 27 kids of Sneha Sadan foundation to brighten their
future with care and education. Through these initiatives HTL Aircon has
been pro-active in giving back and striking a balance amidst the
society.
Corporate Comm India(CCI Newswire)
