Epack Durable
 | |
| Company type | Public Limited Company |
|---|---|
| BSE: 544095 NSE: EPACK | |
| Industry | Appliances, Electrical, and Electronics Manufacturing |
| Founded | 2003 |
| Founder | Mr Ajay Singhania & Mr. Bajrang Bothra[1] |
| Headquarters | , |
Area served | India |
Key people | Mr. Bajrang Bothra (Chairman and Whole-time Director), Mr. Ajay DD Singhania (Managing Director and Chief Executive Officer), Mr. Sanjay Singhania (Non-Executive Director), Mr. Laxmi Pat Bothra (Non-Executive Director)[2] |
| Services | |
| Revenue | ₹1500 crore (FY24)[3] |
| Website | epackdurable |
Epack Durable is an Indian OEM and ODM manufacturer of living appliances. The company specializes in design and manufacturing of large domestic appliances such as air conditioners, washing machines, air coolers, small kitchen appliances and components. It is headquartered in Noida, Uttar Pradesh.[4][5][6][7]
Epack Durable is a publicly listed company on National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE) as of 30th January 2024.[8][9]
History
[edit]Epack Durable was established in 2003 in Greater Noida as an Aircon OEM by Mr. Bajrang Bothra, Mr. Ajay DD Singhania, Mr. Sanjay Singhania, and Mr. Laxmi Pat Bothra.
The company raised two rounds of private equity in 2021 and 2022 respectively.
In October 2021, the company started its new manufacturing plant in Bhiwadi, Rajasthan.[10]
In November 2023, the company launched its new plant in Sri City, Andhra Pradesh by investing ₹200 crore.[11]
Epack Durable launched its IPO in January 2024 with an issue size of Rs. 640 crore.[12][13]
In September 2024, Epack Durable partnered with Symphony Limited to manufacture air coolers as OEMs.[14]
This was followed by another partnership with Hisense Singapore for manufacturing of air conditioner and home appliances for Hisense in October 2024.[15]
In the same month, the company also partnered with Cellecor Gadgets Limited.[16]
Operations
[edit]Epack Durable has three manufacturing units located in Rajasthan, Uttar Pradesh and Andhra Pradesh.[17]
References
[edit]- ^ "Bajrang Bothra, Chairman and Whole-time Director, EPACK Durable". Indiainfoline.
- ^ "EPACK Durables Management Information - Details of EPACK Durables Management". The Economic Times.
- ^ Mahanta, Aditya Pran (3 September 2024). "EPACK Durables Eyeing to Become INR 5000 Crore Company in The Next Five Years: CEO & MD Ajay Singhania". Entrepreneur.com. Entrepreneur (magazine).
- ^ "This supplier of Voltas ACs has gained 28% in just seven sessions - CNBC TV18". CNBCTV18. 9 April 2024.
- ^ "ऐपल, गूगल के बाद चाइनीज कंपनी को भी भाया भारत, बनाएगी AC, फ्रीज और वाशिंग मशीन". News18 (in Hindi). 22 October 2024.
- ^ "EPACK Durable Pvt Ltd donates 560 bicycles to AIIMS". The Indian Express. 26 June 2023.
- ^ "EPACK Durable's journey in 5 charts". Moneycontrol.
- ^ "Here's Why EPACK Durable (NSE:EPACK) Has A Meaningful Debt Burden". simplywall.st. 24 January 2025.
- ^ "Epack Durable Eyes Rs 5,000 Crore Revenue, 7.5% Margin In Three Fiscals". NDTV Profit. 20 February 2025.
- ^ Dhanjal, Swaraj Singh (7 October 2021). "AC maker EPACK to raise ₹160 crore from ICICI Ventures". Mint (newspaper).
- ^ Boda, Tharun (9 November 2022). "EPACK, original design manufacturer of ACs, to set up ₹200-crore unit in Sri City of Andhra Pradesh". The Hindu.
- ^ "Epack Durable to debut today: What you need to know". Hindustan Times. 30 January 2024.
- ^ "EPACK Durable to raise funds through IPO, files papers with Sebi | Stock Market News". Mint (newspaper). 13 August 2023.
- ^ Nandan, Navneeta (4 September 2024). "Epack Durable partners with Symphony to manufacture air coolers in growing Indian market". The Economic Times.
- ^ "Epack Durable inks pact with Hisense". Business Standard.
- ^ "Cellecor Gadgets Limited Partners with EPACK" (PDF). nsearchives.nseindia.com. National Stock Exchange of India.
- ^ "Auto Giants bullish on pre-engineered buildings - ET Auto". ETAuto.com.