A Record-breaker 100 Cr Mark for HTL Aircon
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
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. 100 Cr mark, HTL Aircon will be soon listed on BSE SME by the next fiscal.
Mr. Lavinder Duggal MD, HTL Aircon and Mr. Bhupinder Co-owner HTL Aircon, and Team HTL Aircon lighting the celebratory Lamp at the celebration of HTL Aircon crossing the 100 Cr mark in HVAC segment
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 100 Cr 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.
About HTL Aircon
Mumbai based HTL AIRCON is an Awards winning HVAC installing company. Started in 1996 with two pioneers and a capital of Rs. 2 lakhs as a dealer for air conditioning major, HTL Aircon has grown to be a major HVAC contractor in India with a client list that which includes BMW, RBS, BNP Paribas, Morgan Stanley, Lehman Brothers and top Indian companies. Now the company has 350 people working across India. Going forward, HTL endeavors to extend its expertise in Pan India and internationally and to continue getting associated with Quality Installation projects. They have clients like Morgan Stanley, Phoenix Infocity, HSBC, Bank of America and many more reputed companies.