Amber Enterprises will invest around ₹4,200 crore to expand its printed circuit board (PCB) manufacturing capacity. The company, a leading OEM for air conditioners and a supplier of components for consumer durables, electronic manufacturing services (EMS), and railway sub-systems, recently acquired a 60% stake in Israel-based Unitronics and remains open to more strategic buys.
The investment will be directed towards new facilities in Hosur, Tamil Nadu, and Jewar, Uttar Pradesh. Under the Electronics Manufacturing Component Scheme, Amber has filed two proposals — ₹990 crore for multi-layer PCBs at its Hosur plant through subsidiary Ascent Circuits, and ₹3,200 crore for high-density interface PCBs in a joint venture with Korea Circuits at Jewar. The company plans to raise ₹2,500 crore via a qualified institutional placement, subject to shareholder approval at its August 11 AGM.
Chairman & CEO Jasbir Singh said Amber aims to grow its electronics division to $1 billion in revenue by FY29, with consumer durables and electronics/railways each contributing 50% of total revenue within five years, compared to the current 70:30 split. Singh expects the air-conditioning segment to double over the next five years as the industry expands from 15 million units annually to 35 million units by FY30. Amber, holding a 27% manufacturing share, anticipates 2–2.5x growth in the segment.
Despite a shorter summer season, the company is optimistic about outperforming residential air-conditioner industry growth this year, supported by its mix of finished goods and components. Over the past 12 years, Amber has completed eight acquisitions and continues to evaluate inorganic opportunities with a focus on synergy and scalability. Amber Enterprises, known for manufacturing air conditioners and electronic components, is expected to enhance the region’s capabilities in electronics and white goods production through this planned facility. Established in 1990, Amber Group is a market leader in the HVAC industry, with a strong presence across three core business verticals: Consumer Durables, Electronic Manufacturing Services (EMS), and Railway Subsystems & Defence.
The Consumer Durables Division focuses on the manufacturing of Room Air Conditioner (RAC) finished products, along with key RAC and non-RAC components. This vertical supports leading consumer brands by delivering high-quality, reliable solutions for the home appliance sector.
The Electronic Manufacturing Services (EMS) Division provides end-to-end electronic manufacturing solutions to a broad range of industries. These include telecom, automotive, smart energy meters, consumer electronics and appliances, as well as emerging segments like hearables, wearables, and bare board printed circuit boards (PCBs).
The Railway Subsystems & Defence Division specializes in delivering integrated and customized solutions for rolling stock. Serving clients such as Indian Railways, Metro systems, RRTS, buses, and the defence sector, this division manufactures advanced HVAC systems, doors, gangways, and pantry modules tailored to stringent transportation and defence requirements. Amber Group, along with its subsidiaries, continues to serve a wide spectrum of industries through innovation, technical expertise, and a commitment to quality.
