Daikin India becomes billion-dollar company
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New Delhi: Airconditioner maker Daikin Airconditioning India expects to become a $2-billion company in the next three years, having crossed the milestone of $1 billion in FY23, said Chairman and Managing Director Kanwaljeet Jawa.
Daikin India has a turnover of Rs 8,860 crore for the financial year ended on March 31, 2023. The company is looking at India business as its "future treasure" and expects it to double to $2 billion (around Rs 16,350 crore) in the next three years, Jawa said. Daikin India is now the second company operating in the cooling space to cross the $1 billion-milestone after the Tata group firm Voltas, which had reported a total income of Rs 9,667 crore for FY23.
When asked about this Jawa said: "Yes, we are a billion-dollar company now. Now we have top shares in every segment which we operate - VRV, chillers and room air conditioners."
