Symphony sees commercial air cooling segment as big growth driver in coming years

Leading air-cooler maker Symphony is looking at the industrial and commercial air-cooling segment as a major growth driver for the company in the country and even expecting it to be bigger than the household cooler category in terms of sales in the coming years.

The Ahmedabad-based company, which has entered into industrial and commercial air-cooling space in India and sells air coolers in over 60 countries globally, is sensing a good opportunity in the commercial cooler space. It wants to target the small and medium size companies, warehouses, hotels and restaurants and institutional buyers with its 'Movicool' range of industrial and commercial air-coolers.

"We believe that the commercial air cooling category has potential to be bigger than our existing household cooler range going forward," Achal Bakeri, founder and chairman of Symphony, told PTI.

However, on being asked about the timeline, he said: " I cannot specify how long but it could be in a few years or several years but it would be. It's an unexplored market."
On plans for more offshore manufacturing units, Bakeri said: "Not immediately, but in the future ... we are always open to it. If its make sense for us to have local manufacturing for further develop a specific market, we would be very open to do that."