What EPACK Durable does

EPACK Durable Limited is India's second-largest Room Air Conditioner Original Design Manufacturer (ODM), operating as a B2B OEM/ODM from its registered office in Greater Noida, Uttar Pradesh. Founded in 2003 and listed on BSE (544095) and NSE (EPACK) in January 2024, the company manufactures RACs (Indoor Units, Outdoor Units, Window Air Conditioners), Small Domestic Appliances (induction cooktops, infrared cooktops, mixer grinders, water dispensers, air fryers, nutri blenders), and Large Domestic Appliances (washing machines, air coolers) for brand partners including Voltas (its key contract manufacturing partner), Blue Star, Havells, and Hisense. The company captures an estimated 24% market share of domestically manufactured RAC units by ODM volume in FY23.

The company's core technical proposition is vertical integration at a single location: over 85% of RAC components are manufactured in-house, including heat exchangers with 5-mm copper tubing (EPACK was among the first Indian RAC ODMs to do so), PCBAs, copper tubing, cross-flow fans, axial fans, sheet metal press parts, injection moulding, universal motors, and induction coils. Its Dehradun R&D centre holds ISO/IEC 17025:2017 NABL accreditation with endurance test labs. The intellectual property base comprises one registered Indian patent, two filed patents, and ten registered industrial designs. Manufacturing execution systems and barcode tracking provide real-time operational visibility across three strategically located facilities: Dehradun (Uttarakhand, established 2003), Bhiwadi (Rajasthan, established 2021 within the ELCINA Electronics Manufacturing Cluster), and Sri City (Andhra Pradesh, established 2023 and now operating as a JV with Hisense).

EPACK Durable monetizes primarily through B2B hardware sales to brand partners and earns supplementary income via Production Linked Incentive (PLI) scheme benefits for component manufacturing plus standalone component sales (approximately 3% of revenues in FY25, with management targeting 8-10% by FY28). Distribution is embedded in OEM/ODM partners' retail and e-commerce channels; the company does not sell directly to end consumers. Recent FY26 results show a -12.73% revenue decline to ₹1,894.46 crore and a -94.09% net profit drop to ₹3.26 crore, against the backdrop of major capacity expansion, new product launches (infrared cooktops, smart audio via Bumjin JV, washing machines), and a deepening Hisense relationship including reported interest by Hisense in acquiring up to 26% of EPACK Manufacturing Technologies.

Name

EPACK Durable

Legal name

EPACK Durable Limited (erstwhile EPACK Durable Private Limited)

Website

https://epackdurable.com

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

501–1,000 employees

Short description

EPACK Durable is India's second-largest RAC Original Design Manufacturer, producing room air conditioners, small domestic appliances, and large domestic appliances on a B2B OEM/ODM basis for brands including Voltas, Blue Star, Havells, and Hisense, with over 85% backward integration across three manufacturing facilities.

Ownership category

akta.pro rank

Headquarters

HQ city

Noida

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. OEM/ODM Manufacturing Services: EPACK Durable serves as an ODM/OEM for room air conditioners and small domestic appliances, providing design, development, and manufacturing services to brand partners. Revenue is generated through manufacturing fees and product sales to B2B customers. The company also earns PLI (Production Linked Incentive) scheme incentives for component manufacturing.
2. Component Manufacturing: Sale of critical RAC and SDA components (heat exchangers, PCBAs, copper tubing, motors, fans, moulded parts) as standalone products or bundled with finished goods, contributing around 3% of revenues and expected to grow to 8-10% by FY28.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

EPACK Durable is an OEM/ODM contract manufacturer that designs and produces Room Air Conditioners (Indoor Units, Outdoor Units, Window Air Conditioners), Small Domestic Appliances (induction cooktops, infrared cooktops, mixer grinders, water dispensers, air fryers, nutri blenders), Large Domestic Appliances (washing machines, air coolers), and standalone RAC/SDA components (heat exchangers, PCBAs, copper tubing, motors, fans) for brand partners. The company operates three manufacturing facilities with over 85% backward integration of components produced in-house at a single site in India.

Product overview

EPACK Durable is India's second largest room air conditioner Original Design Manufacturer (ODM), operating as an integrated OEM/ODM manufacturer. The company produces a comprehensive product portfolio spanning Room Air Conditioners (Indoor Units, Outdoor Units, Window ACs), Small Domestic Appliances (induction cooktops, infrared cooktops, mixer grinders, water dispensers, air fryers, nutri blenders), and Large Domestic Appliances (washing machines, air coolers). The company has extensive backward integration capabilities manufacturing critical components including heat exchangers, PCBAs, universal motors, copper tubing, cross-flow fans, axial fans, induction coils, sheet metal press parts, injection moulding, and copper fabricated products. The company serves leading Indian and global brands including Voltas, Blue Star, Havells, and Hisense, with manufacturing facilities in Dehradun, Bhiwadi, and Sri City. Recent expansions include smart audio devices through JV with Bumjin Electronics and infrared cooktops.

Differentiator

Problem solved

Functional benefit

Brands

• No distinct sub-brands identified - company operates as ODM/OEM for other brands:

Products and services

• Room Air Conditioners (RACs) Complete range of Room Air Conditioners manufactured on an OEM/ODM basis for Indian and global brands, comprising split AC Indoor Units (IDU), split AC Outdoor Units (ODU), and Window Air Conditioners (WACs, both fixed speed and inverter). EPACK Durable is India's second largest RAC ODM.
• Indoor Unit (IDU) Split air conditioner indoor units manufactured as ODM for brand partners; ODM capability launched in 2019.
• Outdoor Unit (ODU) Split air conditioner outdoor units manufactured as ODM for brand partners; ODM capability launched in 2012.
• Window Air Conditioners (WACs) Window air conditioners (fixed speed and inverter) with R32 refrigerant manufactured as ODM for brand partners; ODM capability launched in 2014.
• Induction Cooktop Induction cooktops manufactured as OEM for household cooking brand partners; in production since 2013.
• Infrared Cooktops Infrared cooktops manufactured as OEM/ODM for brand partners, launched in April 2026 as an expansion of the company's SDA portfolio beyond its existing induction cooktop range.
• Mixer Grinder Kitchen mixer grinders manufactured as OEM for brand partners; in production since 2018.
• Water Dispenser Water dispensers manufactured as OEM for brand partners; in production since 2017.
• Air Fryer Air fryers manufactured as OEM for brand partners as part of EPACK's SDA portfolio.
• Nutri Blender Nutri blenders manufactured as OEM for brand partners, launched in 2025.
• Washing Machine Washing machines manufactured as OEM for brand partners as part of EPACK Durable's LDA expansion.
• Air Cooler Air coolers manufactured as OEM for brand partners at EPACK Durable's Bhiwadi facility.
• Smart Audio Devices Soundbars, television speakers, and Bluetooth audio devices manufactured through a joint venture with South Korea-based Bumjin Electronics Co. Limited for the Indian market.
• Heat Exchanger Heat exchangers (including 5-mm copper tubing variants) manufactured in-house as standalone components for RAC customers.
• Printed Circuit Board Assembly (PCBA) Printed Circuit Board Assemblies manufactured in-house for RAC and SDA customers as a backward-integrated component.
• Universal Motor Universal motors manufactured in-house for SDA customers as part of backward integration.
• Copper Tubing Copper tubing fabricated in-house since 2011, sold as a standalone component or bundled with finished goods.
• Cross Flow Fans Cross-flow fans manufactured in-house for RAC customers; manufacturing started in 2022.
• Axial Fans Axial fans manufactured in-house for various RAC and SDA applications.
• Copper Fabricated Products Copper fabricated products manufactured in-house for RAC applications, sold as standalone components.
• Induction Coil Induction coils manufactured in-house for cooktop applications, supporting the SDA component portfolio.
• Sheet Metal Press Parts and Powder Coating Sheet metal press parts with powder coating capabilities manufactured in-house since 2008 for RAC and SDA customers.
• Injection Moulded Components Injection moulded components manufactured in-house since 2010 for RAC and SDA applications.

Quantifiable outcome

• Second largest RAC ODM in India with ~24% market share by domestically manufactured units in FY23
• +3 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered flagship, core and supporting.

• HisenseflagshipStrategic or Co-development Partner · 12 February 2026Hisense entered into a joint venture with EPACK Durable's subsidiary Epack Manufacturing Technologies Private Limited to establish a manufacturing facility in Sri City, Andhra Pradesh. The 10-acre facility with over $30 million investment produces room air conditioners exclusively for Hisense India, with initial annual capacity of 0.75 million units. Future phases will expand to washing machines and LED televisions. Hisense also reportedly plans to acquire up to 26% stake in the manufacturing subsidiary.
• Hisense (expanded partnership)coreOEM/ Whitelabel/ Licensing Partner · 1 January 2026Hisense launched its air-conditioner manufacturing facility in Sri City, Andhra Pradesh in partnership with EPACK Durable earlier in 2026. Hisense projects India revenue of $150 million for CY2026 and is accelerating expansion beyond TVs to washing machines and refrigerators, with the Sri City facility manufacturing RACs and planned expansion to other appliances.
• Bumjin Electronics Co. LimitedflagshipStrategic or Co-development Partner · 25 July 2025EPACK Durable entered into a joint venture agreement with South Korea-based Bumjin Electronics to manufacture smart audio devices in India, including soundbars, television speakers, and Bluetooth audio devices. The partnership marks Bumjin's entry into the Indian market, combining EPACK's Indian manufacturing scale with Bumjin's audio technology and expertise.
• ELCINA Electronics Manufacturing Cluster (Bhiwadi)supportingStrategic or Co-development PartnerEPACK Durable's Bhiwadi manufacturing facility is located within the ELCINA Electronics Manufacturing Cluster, a 50.3-acre cluster that received ₹46.09 crore in government funding. Nearly 20 firms are signed up to operate there, with over 2,700 direct and indirect jobs expected.

Scale indicators8 records

Recent moves11 records

Expansion highlights7 records

Broad incumbents

• Havells India: EPACK customer and a major Indian appliance/electrical brand with own RAC and SDA manufacturing. Overlaps with EPACK on small domestic appliances (induction cooktops, mixer grinders) where Havells produces some products in-house and outsources others through partners like EPACK.
• Carrier Midea India: Joint venture of Carrier and Midea with significant RAC manufacturing in India. Competes with EPACK's brand customers in the Indian RAC market and operates its own production facilities, setting competitive benchmarks for capacity, cost, and quality in the segment.
• Voltas: EPACK's largest customer and one of India's leading RAC brands. While primarily a brand and customer rather than a peer manufacturer, Voltas operates its own manufacturing and competes with its own brand in the same Indian RAC market, occasionally overlapping with EPACK's ODM partnerships for other brands.
• Blue Star: An EPACK customer and leading Indian RAC and commercial refrigeration brand with its own manufacturing facilities. Blue Star operates as a competing brand in the same RAC market but also depends on contract manufacturers like EPACK for certain product lines and capacity flexibility.
• Whirlpool of India: Major home appliance manufacturer with RAC and SDA presence in India operating own factories. Whirlpool represents an incumbent brand with own manufacturing that competes with EPACK-served brands in major domestic appliance categories.
• Daikin Air-conditioning India: Subsidiary of global RAC leader Daikin, operating India's largest RAC manufacturing facility. While Daikin primarily produces for its own brand, it represents the kind of vertically integrated global RAC manufacturer whose expansion in India sets the competitive benchmark EPACK must match on cost and quality.
• LG Electronics India: Global appliance giant with significant India manufacturing and leading RAC market share. While LG operates its own factories, it represents both a competitive brand in the Indian RAC market and a potential ODM customer as global brands seek Indian contract manufacturing capacity.

Direct peers

• Dixon Technologies (India): India's largest listed EMS company, expanding into RAC ODM and home appliances manufacturing. While Dixon's portfolio is more diversified (consumer electronics, mobile, lighting), it competes directly with EPACK in RAC ODM and SDA manufacturing for Indian and global brands.
• Amber Enterprises India: India's largest RAC ODM and EPACK's primary direct competitor. Both are vertically integrated contract manufacturers for room air conditioners serving the same brand customers (Voltas, Blue Star, etc.) with comparable backward integration. Amber's larger scale makes it the dominant player EPACK is measured against.

Emerging players

• Hisense Visual Technology: Global consumer electronics giant and EPACK's JV partner for the Sri City RAC manufacturing facility. Hisense is a customer/partner for RAC production with plans to extend into washing machines and TVs, representing both a growth channel for EPACK and a competitor brand entering India's appliance market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/epack_durable
• Facebookfacebook.com/EPACKDurableLimited
• LinkedInlinkedin.com/company/epack-durable
• Instagraminstagram.com/epackdurable_privatelimited

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles25 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EPACK Durable