First Saudi MNC sets up shop in India

Published: 08th March 2013 12:41 PM  |   Last Updated: 08th March 2013 12:41 PM   |  A+A-


Zamil Industrial has become the first Saudi Arabian multi-national corporation to establish a fully-owned subsidiary in India to exploit the booming air-conditioners and home products segment, a company official said.

The company has acquired full stake in Advantec Coils and renamed it Zamil Air Conditioners India Pvt Ltd (ZACI) to launch its comprehensive range of residential, commercial and industrial air-conditioners, including the Turbomiser series chillers.

Headquartered in Dammam, Saudi Arabia, Zamil Industrial had acquired 30 percent stake in Advantec Coil in February 2008, and recently bought the remaining 70 percent stake in the joint venture.

"The acquisition is a result of the company's strategic direction of value play to leverage multiple investments... We are confident of making big strides in the Indian market," says Zamil Industrial chief operating officer Osama Al-Bunyan.

In the next three-five years, the company will target to get Rs.1,500 crore worth of business, or 10 percent of the Indian air-conditioner market.

"We will now be able to offer world-class technology at extremely competitive prices, revolutionising the air-conditioner market not just in India but also the SAARC Region," says Dinesh Vijapurkar, director, ZACI, which is headquartered in New Delhi.

Presently, Zamil Industrial's operations are spread across 55 countries and products marketed in over 90 countries.

ZACI will now have two fully-integrated manufacturing facilities in Nalagarh in Himachal Pradesh with a total installed capacity of 1.20 million units per annum.

ZACI will also get direct access to the parent company's air-conditioner arm, Zamil Air Conditioners, Saudi Arabia, and Clima Tech/Geoclima, Italy.

Besides India, Zamil Industrial has manufacturing facilities in Saudi Arabia, UAE, Egypt, Vietnam and Italy.

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp