About Johnson Controls-Hitachi Air Conditioning India Limited

Johnson Controls-Hitachi Air Conditioning India Limited (JCH-IN) is a listed Indian manufacturer and marketer of air-conditioning products and services, with its registered office in Ahmedabad and manufacturing presence in Kadi, Gujarat, operating under the Hitachi and Johnson Controls global ecosystem in HVAC technologies. The company originated as an Indian air-conditioning enterprise and now focuses on room air conditioners, commercial air conditioners, and related services, alongside limited home appliances trading and after-sales service income as disclosed in its revenue notes for the year ended March 31, 2025. JCH-IN operates primarily in India with exports contributing to foreign exchange earnings, and it interfaces with global group entities through its holding structure; the holding company JCHAC India Holdco Limited, UK, owns 74.25% of equity as of March 31, 2025. The product portfolio spans inverter split ACs, cassette ACs, commercial ACs, and specialized “Spacemaker” telecom-cooling solutions, with ongoing technology transitions to low-GWP refrigerant R32 across ranges and design improvements such as 5.0 mm copper tube heat exchangers to reduce material and refrigerant usage. The company reports continuous productivity and energy conservation initiatives at its facilities, including VFD installations and chipless return bend machinery, aligning with sustainability goals and operational efficiency. As of March 31, 2025, the Board comprised six directors with an optimal mix of executive, non-executive, and independent directors, reflecting mature governance practices detailed in the Corporate Governance Report.

Johnson Controls-Hitachi Air Conditioning India Limited Business Segment

• Cooling products for comfort and commercial use — Rs 27,022.90 million; key lines: room air conditioners Rs 19,974.30 million, commercial air conditioners Rs 4,268.30 million, home appliances Rs 21.80 million, and others Rs 1,700.60 million in FY 2024-25; goods revenue recognized at a point in time Rs 26,334.50 million.

• Design and development services — Rs 541.70 million; services recognized over time contributed Rs 1,230.10 million including service income Rs 1,599.60 million across segments in FY 2024-25.

Domestic vs. international split (only if disclosed)

• Not disclosed in the report sections reviewed; foreign exchange earned was INR 1,039.8 million, indicating export activity without a revenue split disclosure.
  

Johnson Controls-Hitachi Air Conditioning India Limited Key Management

• Nobuyuki Tao — Chairman (Non-executive).

• Sanjay Sudhakaran — Managing Director (Executive).

• Yoshikazu Ishihara — Non-executive Director (Promoter).

• Parag Dave — Company Secretary and Compliance Officer.

Latest Updates on Johnson Controls-Hitachi Air Conditioning India Limited

• Launched R32 refrigerant-based inverter cassette AC range (1.5 TR to 4 TR), transitioning from R410a to lower-GWP R32 in line with sustainability commitments.

• Introduced R32-based Spacemaker high-SHF telecom cooling solution (1.8 TR x 2 capacity) for unmanned telecom shelters in B2B, emphasizing efficiency, safety, and lower operating costs.

• Implemented design change to 5.0 mm copper tube outdoor heat exchangers in inverter split ACs, reducing copper use by 23% and R32 charge by 30%, with lifecycle carbon footprint reduction projected at approximately 1,25,207 MT.

• Productivity and energy conservation measures at plant: VFD on STP blower saving ~10,800 kWh/year; integrated chipless return bend machine saving ~16,800 kWh/year; assembly line balancing lifting capacity by ~20% and lowering energy by ~1,08,000 kWh/year.

• Board changes: Appointment of Raman Madhok (Independent Director) w.e.f. April 1, 2024; cessation of Arpit Patel due to death on May 21, 2024; appointment of Anil Shankar (Independent Director) w.e.f. July 30, 2024.