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HTL Aircon aims for turnover of Rs.500 cr by 2025

By Niranjan Mudholkar,

Added 11 June 2018

Likely to sign MoU with Daikin for Middle East and Africa


Having reached the Rs.100 crore mark, HTL Aircon has said that it aims to be among the top players in India’s industrial HVAC (Heating, ventilation, and air conditioning) market. HTL Aircon will be soon listed on BSE SME by the next fiscal. Making the announcement amidst various stakeholders, Lavinder Duggal, MD, HTL Aircon said, “Started in 1996, the 22-year-old company has crossed 100cr mark in the pure HVAC sector. For a homegrown player like us, this feat is remarkable. We currently hold a major market share and are proceeding ahead with the objective of creating teams for other MEP services. The market is growing annually at the rate 10-12 per cent, while HTL has been growing 4-5 times faster than the market.”

Speaking about the smart cities mission, Bhupinder Duggal, Co-Owner & President, HTL Aircon, said, “It’s a huge opportunity for us because our kind of services will suit those intelligent buildings. Healthcare, Retail and Education will be the growth drivers in Tier 2 cities also.”

HTL Aircon has a strong presence in Maharashtra, Delhi, Goa, Karnataka and Andhra Pradesh and soon expanding operations to Gujarat, Tamil Nadu. He further added, “With our presence felt stronger in key Indian markets, we have set our eyes on International business, which will enable us to mark our global footprint with the upcoming foray in markets like Middle East, Africa and Sri Lanka. HTL Aircon confidently marches ahead on its illustrious journey with various goals to accomplish. It aims at achieving a turnover of 500 cr by 2025,” Major projects like Morgan Stanley, Phoenix Infocity, HSBC, and Bank of America were undertaken by HTL Aircon.

“We are also entering MOU with international powerhouse Daikin to come up with technology and concepts specific to Middle East and Africa which is the beginning of our global expansion,” Lavinder Duggal adds.


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