Blue Star Limited

Blue Star Limited is India’s leading air conditioning and commercial refrigeration company with over eight decades of experience in providing expert cooling solutions. It fulfills the cooling requirements of a large number of corporate, commercial as well as residential customers, as well as offers products such as water purifiers, air purifiers and air coolers. It also provides expertise in allied contracting activities such as electrical, plumbing and fire-fighting services, in order to provide turnkey solutions, apart from execution of specialised industrial projects. Blue Star has joint ventures in Qatar, Malaysia and Oman which undertake MEP (mechanical, electrical and plumbing) projects for residential, commercial and infrastructure buildings, and exports a range of products to the Middle East, Africa, SAARC and ASEAN regions. Blue Star’s other businesses include marketing and maintenance of imported professional electronic equipment and services, as well as industrial products and systems, which is handled by Blue Star Engineering & Electronics, a wholly-owned subsidiary of the Company. Founded in 1943, Blue Star Limited has seen extensive growth, attracting significant attention from investors. The latest notable investment was a post-IPO equity investment of INR10.00B at 29 September 2023, with contributions from a consortium of esteemed investors including Goldman Sachs, Fidelity, First State Bank, Nippon India Mutual Fund, Aditya Birla Sunlife Mutual Fund, HDFC Mutual Fund, SBI Mutual Fund, Norges Bank, ICICI Prudential Life Insurance, and HSBC Global Banking and Markets. This substantial investment reflects strong confidence in the company’s potential for further expansion and success within the air conditioning and commercial refrigeration industry.