Shree Refrigerations Limited, a key player in precision cooling systems for the Defence sector, has announced a strategic partnership with Smardt Chillers Pte Ltd, a global leader in oil-free chillers for data center applications. The collaboration will bring cutting-edge magnetic bearing chiller technology to India, tailored specifically for mission-critical data centers. The agreement was formalized through Trezor Technologies Pvt Ltd, a wholly owned subsidiary of SRL.
Aligning with SRL’s growth strategy, the association with Smardt marks an important step toward expanding into high-potential commercial cooling markets. Commenting on the partnership, RG Shende, Chairman & Managing Director of SRL, said, “Data centers require unmatched efficiency and uptime. Our collaboration with Smardt enables us to deliver world-class magnetic bearing chiller solutions to Indian customers, ensuring reliable and energy-efficient cooling for mission-critical infrastructure. With our proven expertise in serving Defence applications such as warships and submarines, we are confident of creating significant value in the rapidly growing data center segment.”
This expansion into commercial cooling is expected to contribute 10–15% of SRL’s revenue in the next three years, creating a balanced business portfolio and unlocking additional growth opportunities. Smardt, with over 10,000 global installations, leads the market in oil-free chiller technology. Its magnetic bearing chillers deliver 20–50% higher energy efficiency compared to conventional oil-lubricated systems, offering lower maintenance costs and industry-leading Power Utilization Efficiency (PUE)—a critical factor for modern data centers.
Highlighting the market potential, Derek Chan, Director Data Centers (Asia Pacific) at Smardt Chillers Pte Ltd, said, “India is one of the fastest-growing data center markets globally. Our partnership with Shree Refrigerations will enable us to introduce advanced, energy-efficient cooling technology to this region. Together with SRL’s strong technical foundation, we aim to provide unmatched value to customers seeking reliable and sustainable solutions.”
SRL already has extensive experience in this field, with over 40 magnetic bearing chillers manufactured, installed, and commissioned in India. The company’s entry into the data center cooling space, supported by Smardt’s global expertise, positions it as a leading solutions provider for India’s evolving digital infrastructure while aligning with the nation’s sustainability goals.
Shree Refrigerations is a leading Indian engineering firm specializing in precision air-conditioning, refrigeration, and turnkey HVAC&R solutions for Defence and Industrial sectors. Based in Karad, Maharashtra, with sales and service offices in Chennai, Goa, Kolkata, Mumbai, Pune, and Vishakhapatnam, SRL has a strong presence across India. Known for indigenous R&D, product innovation, and customized engineering, the company provides solutions that combine performance, reliability, and cost-effectiveness.
SRL also serves the Pharma and Chemical industries with advanced cooling solutions designed for critical operations. Founded as a small enterprise, SRL has grown into a publicly listed company, demonstrating its long-term commitment to innovation, customer trust, and stakeholder value creation.
The Smardt Chiller Group is a global leader in high-efficiency, oil-free chiller technology, offering advanced solutions for data centers, industrial facilities, and commercial HVAC systems. Its product portfolio spans air-cooled, water-cooled, and modular chillers designed for optimal performance and environmental responsibility. Headquartered in Montreal, Canada, Smardt operates globally across North America, Europe, Asia, and Australia. The company recently expanded its offerings through the Smardt ECO platform, further strengthening its leadership in energy-efficient cooling and heating technologies.
