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About Symphony
History
Symphony pioneered branded air coolers in India in 1988. Thereafter, the company went public in 1994. In 1999-2000, the company successfully launched 4 new models in the air cooler category, e.g. Sumo, Ninja, Mini Sumo and S-4700. In fact, the company's air coolers found entry into the Guinness Book of World Records. It had developed the world's largest working model of an air cooler, which was 14 feet in height. In 2005, Symphony launched the first-ever cooler that had 4-side cooling. In 2008, the company introduced coolers with power-saving technology. In 2009, Symphony acquired IMPCO, the company that had originally introduced the air cooler to the world. In 2010, the company introduced Central Air Cooling Solutions, and it also became India’s largest commercial air cooling project. Another first initiative of Symphony was to define the cooling capacity of air coolers in terms of tons of cooling, as in air-conditioning. In 2019, the company introduced a range of portable commercial air coolers as well as the world’s first universal air coolers manufactured in India. The following year, it launched a wide range of accessories for industrial and commercial air coolers. The company also launched 19 new models in FY 2022-23.Business Segments
In accounting terms, the company has 2 reportable segments, viz. ‘Aircooling and other appliances’ and ‘Corporate Funds’. However, 97% of the firm’s revenue comes from the first. Geographically, 66% of its revenue comes from India, while the rest comes from the rest of the world. In terms of products, the company offers the following categories:- Household Air Coolers - These are coolers for house rooms. Models include the Windblast 70 XL Desert Air Cooler, Sumo 75 XL DD SP2, etc.
- Commercial Air Coolers - These are large space commercial coolers such as the Movicool L 65-S Commercial Cooler (65-litres).
- Large Space Venti-Cooling - Designed for open and semi-open spaces, this category serves textile, petrochemical and showrooms.
- Tower Fans - These are useful inside the house, such as drawing room, study, kitchen, etc.
- IMPCO S. de R. L. de C.V. (IMPCO) - This subsidiary takes care of the operations in Mexico.
- Guangdong Symphony Keruilai Air Coolers Co. Ltd., China (GSK) - This subsidiary takes care of the operations in China.
- Symphony AU Pty Limited, Australia (SAPL) - This subsidiary takes care of the operations in Australia.
- Climate Technologies Pty Limited, Australia (CT) - This subsidiary takes care of the operations in Australia.
- Bonaire USA LLC, USA (BUSA) - This subsidiary takes care of the operations in the US.
- Symphony Climatizadores Ltda., Brazil (SCL) - This subsidiary takes care of the operations in Brazil.
Key Personnel
Achal Bakeri, Founder, Chairman and Managing Director Mr Achal Bakeri, a game-changer in the environmentally friendly products industry, is the founder of the world’s largest air cooling company. In 1988, he founded Symphony Limited with the aim to provide economically viable cooling accessible to all. Driven by a design thinking approach, Achal has led Symphony to be a pioneer in the industry, dominating the maximum market share over the years.Corporate Actions
The following are the corporate actions undertaken by the company in recent times: Stock Split The company recently split its stock from ₹10 to ₹2 per share with a record date of February 17, 2012. Bonus Issue The company issued bonus stocks at a ratio of 1:1 with a record date of September 15, 2016. Buyback of Shares The company conducted a buyback of its shares with a record date of March 29, 2023. Mergers and Acquisitions- Symphony acquired Climate Change Technologies-Australia and Bonaire-USA in 2018.
- In 2015, the company performed the acquisition of Keruilai.
Parent Organisation
Indian Private
Managing Director
Achal Bakeri
Founded
1988
NSE Symbol
SYMPHONY
Peer Comparision
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Symphony Limited FAQs
What is the share price of Symphony Limited (SYMPHONY) shares?
Symphony Limited (SYMPHONY) share price as of May 30, 2024, on NSE is Rs 2,851.15 (NSE) and Rs 2,860.00 (BSE) on BSE.
Can I buy Symphony Limited (SYMPHONY) from Angel One?
Yes, You can buy Symphony Limited (SYMPHONY) shares by opening a Demat account with Angel One.
How do I buy Symphony Limited (SYMPHONY) from Angel One?
Symphony Limited (SYMPHONY) share can be bought through the following modes:
1. Direct investment: You can buy Symphony Limited (SYMPHONY) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Symphony Limited (SYMPHONY) shares.
1. Direct investment: You can buy Symphony Limited (SYMPHONY) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Symphony Limited (SYMPHONY) shares.
What is the main business of Symphony?
Symphony manufactures and trades commercial, residential, and industrial air coolers in local and international markets.
Who are the promoters of Symphony?
Achal Anil Bakeri, Sanskrut Tradecom Private Limited, and Rupa Achal Bakeri are the major promoters of Symphony.
What are the Subsidiaries that comes under Symphony?
IMPCO S. de R. L. de C.V., (IMPCO), Mexico, Guangdong Symphony Keruilai Air Coolers Co. Ltd., China, Symphony AU Pty Limited, Australia are the few subsidiaries that come under Symphony.
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