Carrier Airconditioning & Refrigeration Limited
Stock Fundamentals
About Carrier Airconditioning & Refrigeration Limited
Carrier Airconditioning & Refrigeration traces its Indian roots to 1936, when Carrier installed the country's first air-conditioning system at Rambagh Palace in Jaipur; the current Indian entity was established in 1986 with a Gurgaon manufacturing plant opening in 1988.
The company makes commercial and light-commercial HVACR equipment — cassettes, ducted splits, chillers, air handling units and refrigeration and fire-safety products — backed by its global parent's network of 51 factories and 39 R&D centres across more than 180 countries, and supports customers through 14 Indian sales offices and 800-plus channel partners.
Revenue grew from roughly ₹1,600 crore to ₹2,200 crore in FY23, with the unlisted share price rising from about ₹290 to ₹330 over the same period; Carrier Global Corporation, Delaware holds roughly 96.5% of the company.
Frequently Asked Questions
Orders are placed through UnlistedZone by confirming quantity and price, completing KYC (PAN, CML/cancelled cheque), and transferring funds via RTGS/NEFT/IMPS; shares are credited to your demat account, typically within 24 hours of confirmed payment.
It depends on investor category: 6 months from acquisition for VC/FVCI investors, none for Category II AIFs, and 6 months from IPO listing for retail investors, HNIs and body corporates, under SEBI's August 2021 framework.