Fortune MNC 500 India 2026 edition
Rank#306- Total income
- ₹1,656 Cr
- Profit
- ₹30 Cr
Last year #294
Carrier Midea India Private Limited - consumer electronics & durables in Gurgaon, Haryana, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2,332.68 Cr
▲ 38% YoY
Net profit · FY 2025
₹79 Cr
Net margin 3.4%
EBITDA · FY 2025
₹130.65 Cr
EBITDA margin 5.6%
Authorised capital
₹66 Cr
Registered with MCA
Paid-up capital
₹65.65 Cr
Issued & subscribed
Company age
15 yrs
Est. 2011
Employees · EPFO
393
Provident fund records
Directors on board
8
As per MCA filings
About Carrier Midea India Private Limited
Data last updated:
Carrier Midea India Private Limited is a foreign private limited company based in Gurgaon, Haryana, India, a subsidiary of Midea Electrics Netherlands B.V.. It operates in the white goods retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 03 October 2011 and has been in existence for over 15 years.
Carrier Midea India is ranked #306 on the Fortune MNC 500 India (2026).
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74140HR2011FTC044006. Its GSTIN is 06AAECC5616R1Z9 (Haryana). The company holds 30 GST registrations, of which 17 are active.
The company has an authorised share capital of ₹66 Cr and a paid-up capital of ₹65.65 Cr. It was formerly known as Carrier Refrigeration and Air Conditioning Ventures Private Limited. It is led by directors including Sanjay Mahajan (Managing Director) and Jianguo Wang.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at First Floor Plot No. 51 Sector – 32, Gurgaon, Haryana, India – 122001.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,332.68 Cr, a growth of 38% compared to the previous year. For the same year it recorded a net profit of ₹79 Cr (net margin 3.4%) and EBITDA of ₹130.65 Cr (EBITDA margin 5.6%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 10% over five years.
The company has about 393 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Carrier Midea India. Court records list 175 cases involving the company, including 154 filed by the company and 21 filed against it; 76 cases are pending. The company has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹363 Cr; the latest was in August 2018. Its 7 peer companies in the Consumer Durables industry (White Goods), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 4 larger and 3 smaller; the largest is Amber Enterprises India Limited with revenue of ₹10,047 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 1 overdue payment to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website carriermideaindia.com.
Company details
CIN U74140HR2011FTC044006
Registration Number 044006
Incorporation Date 03 October 2011
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Midea Electrics Netherlands B.V.
Compliance Status Active Compliant
Recognitions & Rankings of Carrier Midea India
Contact details
Carrier Midea India Private Limited's registered office is in Gurgaon, Haryana. Its website is carriermideaindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFirst Floor Plot No. 51 Sector – 32, Gurgaon, Haryana, India – 122001
- IndustryConsumer Electronics & Durables, White Goods Retail & Distribution
To see the full contact details of Carrier Midea India Private Limited, buy the company report.
Comprehensive company report
Carrier Midea India Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Carrier Midea India operates one associated brand: Carrier Midea India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Room and commercial air conditioners, plus spare parts, are manufactured. | carriermideaindia.com |
Business activity
The main business activity of Carrier Midea India is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Carrier Midea India Private Limited, buy the company report.
Financials of Carrier Midea India Private Limited
FY 2024 filings availableCarrier Midea India Private Limited reported revenue of ₹2,332.68 Cr (up 38% YoY) for FY 2025.
Revenue · FY 2025
₹2,332.68 Cr ▲ 38%
Net profit · FY 2025
₹79 Cr margin 3.4%
EBITDA · FY 2025
₹130.65 Cr margin 5.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 38%
3 years · compounded
▲ 30%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▲ 101%
3 years · compounded
▲ 51%
5 years · compounded
▲ 8%
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 38% growth in the latest year. EBITDA rose 101% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹130.65 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹79 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.6% | ||||
| Net Profit Margin | 3.4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Carrier Midea India Private Limited, buy the company report.
Board of directors and KMP of Carrier Midea India Private Limited
Carrier Midea India Private Limited currently reports 7 directors and 1 key managerial person. 18 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jianguo Wang | Director | 20 Jun 2018 | 8 Years 4 Months | Current |
| Atul Kumar | Company Secretary | 30 May 2012 | 14 Years 4 Months | Current |
| Sanjay Mahajan | Managing Director | 24 Jun 2020 | 6 Years 3 Months | Current |
| Zhiwen Zhou | Director | 24 Jun 2020 | 6 Years 3 Months | Current |
| Vineet Kashyap | Additional Director | 14 Oct 2025 | 1 Years 0 Months | Current |
| Nandita Luthra Also directs: Onity India Private Limited | Director | 21 Mar 2025 | 1 Years 7 Months | Current |
Showing 6 of 8 current directors and KMP. View all directors and KMP
Peer comparison
Carrier Midea India Private Limited is compared with the 7 companies closest to it by revenue in the Consumer Durables industry (White Goods), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Amber Enterprises India Limited | ₹10,047 Cr (FY 2025) | 48.0% | Punjab, India | |||
| Whirlpool of India Limited | ₹8,110.16 Cr (FY 2025) | 16.0% | Maharashtra, India | |||
| Western Refrigeration Private Limited | ₹2,555.99 Cr (FY 2025) | 22.0% | Silvasa, Dadra and Nagar Haveli, India | |||
| Carrier Airconditioning & Refrigeration Limited | ₹2,543.53 Cr (FY 2025) | 18.0% | Gurgaon, Haryana, India | |||
| Carrier Midea India Private Limitedthis company | ₹2,332.68 Cr (FY 2025) | ₹79 Cr | 3.4% | 38.0% | 393 | Gurgaon, Haryana, India |
| Universal Comfort Products Limited | ₹1,242.64 Cr (FY 2020) | 34.0% | Mumbai, Maharashtra, India | |||
| Frigoglass India Private Limited | ₹684.73 Cr (FY 2025) | 37.0% | New Delhi, Delhi, India | |||
| Applicomp (India) Limited | ₹621.49 Cr (FY 2017) | -6.0% | Ahmednagar, Maharashtra, India |
To see the full peer comparison of Carrier Midea India Private Limited, buy the company report.
Auditor
Carrier Midea India Private Limited is audited by M S K A & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S K A & Associates | FY 2023 | 105047W |
Shareholding
The shareholding of Carrier Midea India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Carrier Midea India Private Limited, buy the company report.
Deals & funding
Carrier Midea India Private Limited has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹363 Cr; the latest was in August 2018.
Total deals
4
Funding rounds
3
Secondary share transfer
1
Disclosed funding
₹363 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2018 | Funding round | ₹184.8 Cr | Investors: Sensitech Emea BV, an individual |
| Sep 2012 | Funding round | ₹130.2 Cr | Investors: Sensitech Emea BV, an individual |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: United Technologies International Corporation Asia Pte Limited, Sensitech Emea BV |
| Feb 2012 | Funding round | ₹48 Cr | Investors: Sensitech Emea BV, an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Carrier Midea India Private Limited has 175 court cases on record: 154 filed by Carrier Midea India, 21 filed against it. 76 cases are pending and 99 are disposed.
Total cases
175
Filed by the company
154
Filed against the company
21
Pending
76
Disposed
99
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 169 | 19 | 74 |
| High courts | 6 | 2 | 2 |
Cases on record (5 of 175)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South West, Delhi | Cheque dishonour complaint | Filed by the company against Ms Divyam Commtrader LLP | Pending |
| District court, South West, Delhi | Cheque dishonour complaint | Filed by the company against Ms Krutika Industrial Solutions LLP | Pending |
| District court, South West, Delhi | Cheque dishonour complaint | Filed by the company against Cool Factory Pvt Ltd | Pending |
| District court, South West, Delhi | Cheque dishonour complaint | Filed by the company against Amit Jain | Pending |
| District court, Central, Delhi | Civil suit | Filed by the company against Linkedin Technology Information Private Limited and 2 others | Pending |
To see the full case history of Carrier Midea India Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Carrier Midea India Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 1 overdue payment to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Refcheck Xperts |
To see the full MSME payment records of Carrier Midea India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Carrier Midea India Private Limited has a workforce of 393 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
393
Active EPFO establishments
1
Employee growth
7.08%
GST
Carrier Midea India has 30 GST registrations: 17 active and 13 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
30
Active
17
Cancelled / inactive
13
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAECC5616R1Z9 | Haryana | Active | 01 Jul 2017 |
| 03AAECC5616R1ZF | Punjab | Active | 01 Jul 2017 |
| 07AAECC5616R1Z7 | Delhi | Active | 01 Jul 2017 |
| 08AAECC5616R1Z5 | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Carrier Midea India Private Limited, buy the company report.
Recent activity
Carrier Midea India Private Limited has 43 board changes on record since 2011: 25 appointments and 18 cessations. The latest: Vineet Kashyap was appointed as Additional Director on 14 Oct 2025.
Appointed
Vineet Kashyap was appointed as Additional Director.
Appointed
Nandita Luthra was appointed as Director.
Ceased
Krishan Sachdev ceased to be Whole-Time Director.
Appointed
Arun Kumar Bhatia was appointed as Director.
AGM
Carrier Midea India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Saif Siddiqui ceased to be Director.
Appointed
Sukhwant Singh was appointed as Director.
Filing
Carrier Midea India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Appointed
Saif Siddiqui was appointed as Director.
Ceased
William Francis Striebe Jr ceased to be Director.
Ceased
Wenxin Zhao ceased to be Director.
Ceased
Stephanie Xiaoming Chen ceased to be Additional Director.
34 earlier events are in the company report.
Frequently asked questions
Carrier Midea India is an active foreign private limited company based in Gurgaon, Haryana, India. The company works in white goods retail and distribution, within the consumer electronics and durables industry. It was incorporated on 03 October 2011 (15+ years old) and is registered under CIN U74140HR2011FTC044006.
Carrier Midea India has 8 current directors and KMP:
- Sanjay Mahajan - Managing Director
- Jianguo Wang - Director
- Zhiwen Zhou - Director
- Vineet Kashyap - Additional Director
- Nandita Luthra - Director
- Sukhwant Singh - Director
- Arun Kumar Bhatia - Director
- Atul Kumar - Company Secretary
The latest financial statements of Carrier Midea India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Carrier Midea India is 06AAECC5616R1Z9, registered in Haryana. The company has 30 GST registrations in all, of which 17 are active and 13 are cancelled or inactive. Other active GSTINs include 03AAECC5616R1ZF (Punjab), 07AAECC5616R1Z7 (Delhi), 08AAECC5616R1Z5 (Rajasthan).
The CIN (Corporate Identification Number) of Carrier Midea India is U74140HR2011FTC044006. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Carrier Midea India has 175 court cases on record: 154 filed by the company and 21 filed against it. 76 are pending. Most are in the district courts.
Carrier Midea India was incorporated on 03 October 2011, making it 15+ years old. It is registered with the Registrar of Companies, Delhi.
Carrier Midea India has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹363 Cr; the latest was in August 2018.
The peers of Carrier Midea India by revenue are Amber Enterprises India Limited, Whirlpool of India Limited, Western Refrigeration Private Limited, Carrier Airconditioning & Refrigeration Limited, Universal Comfort Products Limited and 2 more, all in the Consumer Durables industry (White Goods), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Vineet Kashyap was appointed as Additional Director on 14 Oct 2025. Nandita Luthra was appointed as Director on 21 Mar 2025. Krishan Sachdev ceased to be Whole-Time Director on 20 Mar 2025. Carrier Midea India has 43 board changes on record in total.
Carrier Midea India has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 09 Jun 2021.
Carrier Midea India can be reached through the website carriermideaindia.com. Its registered office is in Gurgaon, Haryana, India.