About Eltech Appliances
Eltech Appliances is an Industrial Goods & Manufacturing company based in Chennai (India) founded in 2012. Air conditioning manufacturing, sales, and support services in India. Eltech Appliances has raised $7.47 million across 1 funding round. The company has 90 employees. Its Indian entity Eltech Appliances Private Limited reported revenue of ₹35.76 Cr. Eltech Appliances offers products and services including Inverter AC and Window AC. Its focus areas include Home Appliances, Air Conditioning, Residential Cooling and Split and Window Units.
Company details
VESTAR is positioned as a key brand in the Indian air conditioning sector, with products developed under Eltech Appliances to address diverse consumer requirements. Air conditioners from VESTAR are equipped with features like self-clean mechanisms and auto diagnostics, which are integrated to enhance performance and longevity. Nationwide delivery and customer support are facilitated to ensure accessibility, while manufacturing emphasizes quality and efficiency. This approach has been adopted to meet modern cooling demands effectively.
- Headquarters Chennai, India
- Employees 90
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Website eltechappliances.com
- Social Facebook Instagram YouTube
- Legal Name Eltech Appliances Private Limited
- Date of Incorporation 16 Jan, 2012
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹35.76 Cr
FY 2024 · -22% YoY
- Net Loss-₹4.62 Cr
FY 2024 · -5% margin
- EBITDA-₹4.31 Cr
FY 2024 · -5% margin
- Total Equity Funding$7.47M (USD)
in 1 rounds
- Latest Funding Round$7.47M (USD), Angel Round
Jul 2019
- Employee Count90
Associated legal entities of Eltech Appliances
Eltech Appliances operates through Eltech Appliances Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Eltech Appliances Private Limited CIN U40100TN2012PTC084001 | Active | 16 Jan 2012 | Chennai, Tamil Nadu | ₹35.8 Cr | 90 | 3 | View details |
Products & Services of Eltech Appliances
Eltech Appliances offers a comprehensive portfolio of products and services, including Inverter AC and Window AC.
Inverter air conditioners are manufactured with energy-saving modes and climate control features to meet cooling needs
Window air conditioners are produced with copper coils and power-saving technology for efficient operation in residential settings
Apps and channels of Eltech Appliances
its YouTube channel Vestar India has 5.12K subscribers and 10 videos.
Videos from Eltech Appliances
The most watched videos on Eltech Appliances's YouTube channel, Vestar India (5.12K subscribers). Click a video to play it here.
More on Vestar India.
Funding Insights of Eltech Appliances
Eltech Appliances has successfully raised a total of $7.47M through 1 strategic funding round. The most recent funding activity was a Angel Round of $7.47 million completed in July 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $7.47M
- Total Rounds 1
- Last Round Angel Round — $7.47M
- First Round $7.47M
(Jul 2019)
All 1 funding rounds of Eltech Appliances with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2019 | $7.47M | Angel Round | – | – | – |
Board of directors of Eltech Appliances Private Limited (Eltech Appliances)
Eltech Appliances Private Limited is the primary company behind Eltech Appliances. The board of Eltech Appliances Private Limited currently have 2 directors; the longest-serving is Mohamedismail Niazahmed, appointed in 2021. 11 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mohamedismail Niazahmed DIN 09156304 | Director | 28 Aug 2021 | 5 yrs 2 mo | Eltech Appliances Private Limited |
| Syed Ahamed Nazeer DIN 10983251 | Director | 05 Mar 2025 | 1 yr 8 mo | Eltech Appliances Private Limited |
People of Eltech Appliances
55 people are tracked at Eltech Appliances (37 in leadership, 18 in team); the tracked headcount is 90.
| Name | Role | Group |
|---|---|---|
Pat McGinley | President - Manaeent Services | Leadership |
Rachel Forman | Vice President Of Marketing | Leadership |
Miles Sanchez | Chief Operating Officer | Leadership |
Paul Asher | Vice President Of Property Management | Leadership |
Bryan Hill | General Manager | Leadership |
Ryan Ash | Vice President Of Development | Leadership |
Cristina Ruiz-Goodwin | Director Of Marketing | Leadership |
Kean Thomas | Vice President Of Finance & Development | Leadership |
Alixandria Ogawa | Marketing Director | Leadership |
Gabrielle Lardiere | Vice President Of Client Services | Leadership |
Richard E. Hearn | Vice President Of Leasing | Leadership |
Angie Kory | Vice President Of Leasing | Leadership |
Jack Van Kleunen | Senior Vice President Of Construction | Leadership |
Carli Richards | Director, Communications | Leadership |
Jenny Cushing | Vice President, Leasing | Leadership |
Julissa Breslin | Marketing & Events Director | Leadership |
David J. Larcher | President & CEO | Leadership |
Edward J. Reading | Executive Vice President | Leadership |
Clint Marchuk | Vice President Of Acquisitions | Leadership |
Jeffrey M. Axtell | Executive Vice President Of Development | Leadership |
35 more people are available in the full profile.
Complete people profiles for Eltech Appliances
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Financials of Eltech Appliances
Figures of Eltech Appliances Private Limited, the primary company behind Eltech Appliances, for FY 2024. Revenue was ₹35.76 Cr (-22% year on year). Net loss was -₹4.62 Cr (-5% margin). EBITDA was -₹4.31 Cr (-5% margin). Revenue has grown at a compounded annual rate of -25% over three years and -23% over five years.
- ₹35.76 CrRevenue · FY 2024 · -22% YoY
- -₹4.62 CrNet loss · -5% margin
- -₹4.31 CrEBITDA · -5% margin
- ₹10.82 CrPaid-up capital
- 90Employees (provident fund records)
- -25%Revenue CAGR, 3 years
- -23%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Eltech Appliances Private Limited are on its company page.
Detailed financial statements for Eltech Appliances
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Eltech Appliances
2 dated milestones of Eltech Appliances across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Eltech Appliances is founded.
- Funding First funding round of $7.5M.
Top companies in Industrial HVAC Systems
2 companies that operate in the same segment as Eltech Appliances (Industrial HVAC Systems) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Industrial refrigeration systems and related products are manufactured. | 1993 | Ahmedabad, Gujarat, India | USD 71.2 M | 229 | ||
Aluminum and copper fin-and-tube heat exchangers are manufactured. | 2017 | Neemrana, Rajasthan, India | USD 63.95 M | 648 |
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Related news about Eltech Appliances
Complete news archive for Eltech Appliances
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Frequently Asked Questions about Eltech Appliances
Eltech Appliances was founded in 2012 and raised its 1st funding round 7 years after it was founded.
Eltech Appliances is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Eltech Appliances is a funded company, having raised a total of $7.47M across 1 funding round to date. The company's 1st funding round was a Angel Round of $7.47M, raised on Jul 2019.
Eltech Appliances has 90 employees.
The primary company behind Eltech Appliances, Eltech Appliances Private Limited, reported revenue of ₹35.76 Cr for FY 2024, down 22% year on year.
VESTAR is positioned as a key brand in the Indian air conditioning sector, with products developed under Eltech Appliances to address diverse consumer requirements. Air conditioners from VESTAR are equipped with features like self-clean mechanisms and auto diagnostics, which are integrated to enhance performance and longevity. Nationwide delivery and customer support are facilitated to ensure accessibility, while manufacturing emphasizes quality and efficiency. This approach has been adopted to meet modern cooling demands effectively.
Eltech Appliances offers Inverter AC and Window AC.
Eltech Appliances operates through Eltech Appliances Private Limited.
The legal entities of Eltech Appliances currently have 3 directors, including Mohamedismail Niazahmed, Harsha, Syed Ahamed Nazeer.