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EPACK Durable Ltd (BSE; NSE), India’s leading original design manufacturer of room air conditioners, small domestic appliances and Air cooler, is thrilled to announce Business Association for manufacturing of Air Coolers for world’s largest Air cooler brand – Symphony, as an OEM, thereby adding another feather its cap by addition of a marquee customer.

It is worth noting that Symphony, an Indian multinational company with a presence in over 60 countries, is renowned for its innovative approach, commitment to energy efficiency, and environmental stewardship.

EPACK recently announced collaboration with Symphony for manufacturing of air coolers. The Indian Air cooler market was pegged at Rs 2,980 crore in FY23 and poised to grow at a CAGR of 7.7 per cent in FY24 – FY28, reaching an estimated value of Rs 4,290 crores with 4.7 million units in volume, as per an industry report. Air coolers are a better alternative to air conditioners, costing approximately 80-85 per cent less.

Epack Durable has teamed up with Symphony to manufacture air coolers as an OEM. This partnership aims to leverage EPACK’s manufacturing capacity and diversify its customer base. The Indian air cooler market is projected to grow significantly, with Symphony and EPACK reporting substantial profit and revenue increases in the first quarter of FY25

Room air conditioner original design manufacturer Epack Durable has partnered with air cooler brand Symphony as an OEM (original equipment manufacturer) for manufacturing air coolers.

Epack Durable Ltd. has been in focus ever since it reported its first-quarter results. The company listed in February this year, but the past five days have seen the stock rally 30%, with the past month aiding gains of 53% for shareholders. What is behind the positive momentum, and could there be more rally?

Ajay DD Singhania, Managing Director & CEO of EPACK Durable, discusses the company’s recent milestones and strategic initiatives. EPACK Durable has made significant strides in Q1 with the addition of new customers and products, and the commissioning of their new Sri City plant in Andhra Pradesh. Ajay also shares insights into EPACK’s plans to increase its stake in Epavo Electricals, positioning the company to make a strong entry into the air conditioning market.

EPACK Durable, a company specialising in designing and manufacturing air conditioners and other consumer durable products, expects nearly 50% revenue growth in the current financial year.

EPACK Durable has established itself as a leader in the Room Air Conditioner ODM market in India. Please share the key strategies that have driven your success in this competitive industry.

At EPACK Durable, our focus on constant innovation, backward integration, and strategic partnerships helps us build long-term relationships with our marquee customers and drive customer loyalty. Another key strategy is diversifying our product lines and ensuring optimal utilization of our facilities, which puts us in a vantage point to advance in the highly competitive Room Air Conditioner (RAC) ODM market.

The consumer electronics sector is at the forefront of integrating Industry 4.0 technologies.

The manufacturing landscape in India has been predominantly traditional where tasks are being completed manually. Plus, most of the production process requires human intervention which can lead to errors and lack of precision. However, with the Fourth Industrial Revolution or Industry 4.0 the manufacturing sector is getting digitised.

Ajay DD Singhania, Managing Director and Chief Executive Officer, EPACK Durables With over 24 years of experience in the electronics manufacturing sector, Ajay DD Singhania is the Managing Director and CEO of EPACK Durable. His commitment to continuous learning and leadership development drives his success in the industry.

In a rapidly evolving manufacturing landscape, EPACK Durables has positioned itself as a formidable force within India’s original equipment manufacturer (OEM) sector. Under the leadership of CEO Ajay DD Singhania, the company has carved a niche in multiple market segments, from cooling solutions to small domestic appliances and is poised for significant expansion. In an exclusive interview, Singhania discusses the company’s current operations, future plans and the innovative approaches that have set EPACK apart from its competitors.

The integration of smart technologies in HVAC (heating, ventilation, and air conditioning) systems is revolutionising the industry by offering unprecedented levels of comfort and significant energy cost savings. These advancements allow users to easily adjust temperature, humidity, and air quality settings remotely from any location, ensuring their environment is always at the optimal comfort level. The use of smart technology not only enhances user comfort but also optimises energy consumption, leading to substantial reductions in energy bills. This is achieved through precise control of HVAC operations, which adapts to real-time environmental conditions and usage patterns, minimising wastage and maximising efficiency.