ZECO Aircon

What ZECO Aircon does

ZECO Aircon Limited is an India-based HVAC equipment manufacturer and EPC solutions provider, headquartered in Gurgaon and operating four manufacturing plants (Bahadurgarh in Haryana, two units in Malur in Karnataka, and Lahe in Maharashtra) alongside nine regional sales offices. Founded in 1989 as a coil-making facility in New Delhi, the company has expanded over 35+ years into a comprehensive portfolio spanning Air Handling Units (AHUs), Fan Coil Units (FCUs), Treated Fresh Air units with heat-recovery wheels and plate heat exchangers, evaporative cooling systems including the proprietary ZIDEC dual-stage unit, cleanroom and pharma-grade AHUs, scrubbers, heat-exchanger coils, and pre-insulated pipes. Its flagship 2021 Smart AHU integrates IoT sensors, PLC-based control, touchscreen HMIs and multi-protocol connectivity (BACnet, Modbus, KNX, LonWorks) to support BMS interoperability, predictive maintenance and real-time monitoring.

The company serves commercial, industrial and institutional customers across sectors including pharma and cleanrooms, healthcare, data centres, hospitality, food and beverage, heavy industry, and government/institutional facilities, with product airflow capacities ranging from 1,000 CFM to 150,000+ CFM. Products carry Eurovent, AHRI, CE and ISO 9001:2015 certifications, and the company has stated compliance capability with ISO 14644 and GMP standards for cleanroom environments.

ZECO operates a project-based, enterprise field-sales GTM, selling through direct sales teams and EPC contracts with custom quotation pricing; it also offers aftermarket service and support. Following its 2023 acquisition by Sweden-based Munters Group, ZECO functions as the Indian operating arm of the global climate-control leader (also marketed as 'Munters India'). Disclosed scale includes ₹400+ Crores of net sales, 1,500+ employees and 700+ trusted partners, with no public funding events as the entity is privately held under Munters.

Name

ZECO Aircon

Legal name

Zeco Aircon Limited

Website

https://zecoaircon.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

501–1,000 employees

Short description

ZECO Aircon is an India-based HVAC equipment manufacturer and EPC solutions provider serving commercial, industrial, pharmaceutical, healthcare and data-centre customers. Operating since 1989 with four manufacturing plants and nine regional offices, it was acquired by Sweden's Munters Group in 2023.

Ownership category

akta.pro rank

Product category

HVAC Equipment Manufacturing

NAICS

Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (3334), Industrial and Commercial Fan and Blower and Air Purification Equipment Manufacturing (333413), Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Industrial & Commercial Fans & Blowers & Air Purifing Equip (3564), Heating Equipment, Except Electric & Warm Air Furnaces (3433)

akta.pro primary industry

HVAC Equipment (Heating, Cooling & Air Handling) (IMAHAKAB)

akta.pro secondary industries

Ventilation, Ducting & Air Distribution Equipment (IMAHAKAG), Heat Exchangers, Coils & Hydronic HVAC Components (IMADANAF), HVAC Controls & Optimization (Smart Thermostats, VAV, Chillers/Boilers Controls) (BPABAGAB)

Keywords

• HVAC equipment manufacturing
• Industrial air handling units
• Cleanroom ventilation systems
• Energy recovery ventilation
• Evaporative cooling solutions

Headquarters

HQ city

Gurugram

HQ country

India

HQ region

Asia

Offices12 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. HVAC Equipment Manufacturing & Sales: Manufacture and sale of HVAC equipment including Air Handling Units (AHUs), Fan Coil Units (FCUs), ventilation units, heat exchangers, air distribution ducts, and pre-insulated pipes. Products are sold as capital equipment to commercial, industrial, and institutional customers. Revenue is project-based with long sales cycles.
2. EPC Solutions: End-to-end Engineering, Procurement, and Construction services for AHU systems covering design, procurement, installation, and commissioning. Integrated approach ensures faster execution and optimized system performance.
3. Service & Support: Aftermarket services including breakdown support, repairs, spare parts management, and maintenance services for installed HVAC equipment.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

ZECO Aircon designs, manufactures, and supplies energy-efficient HVAC equipment — including Air Handling Units, Treated Fresh Air units, Fan Coil Units, evaporative cooling systems, scrubbers, heat exchanger coils, and pre-insulated pipes — through direct enterprise sales, pan-India regional offices, and EPC project delivery for commercial, industrial, healthcare, pharma, data center, hospitality, and heavy-industry customers in India, supported by an aftermarket service network.

Product overview

ZECO Aircon offers a comprehensive portfolio of sustainable HVAC solutions, comprising Air Handling Units (including Smart AHU with IoT automation, Pharma AHU for cleanrooms, Cleanroom AHU, Floor Mounted Horizontal/Vertical AHUs, and Ceiling Suspended AHU), Treated Fresh Air units (TFA with Heat Recovery Wheel and Plate Heat Exchanger), Air Washer units (Single Stage Air Washer and ZIDEC dual-stage evaporative cooling), Fan Coil Units (FCUs) in multiple variants, ZECO Outdoor Air System (ZOAS), Zeco Environmental Unit (ZEN) for industrial applications, ventilation products (Fresh Air Units and Exhaust Air Units), scrubbers (Dry and Wet Scrubbers), heat exchanger coils (DX, Chilled Water, and Hot Water), and Pre-Insulated Pipes. The product portfolio serves commercial, industrial, and institutional sectors across India with energy-efficient, sustainable air management solutions. ZECO operates in three business segments: Commercial, Industrial, and EPC (Engineering, Procurement, and Construction). The company was acquired by Munters in 2023.

Differentiator

Problem solved

Functional benefit

Products and services

• Smart AHU (Air Handling Unit) Next-generation IoT-enabled Air Handling Unit with real-time monitoring, predictive maintenance, BMS integration, and advanced filtration, supporting airflow capacities from 1,000 to 60,000+ CFM for commercial and industrial customers.
• Pharma AHU (Pharmaceutical Air Handling Unit) Hygienic Air Handling Unit engineered for cleanroom environments in pharmaceutical, biotech, healthcare and life-sciences industries, with HEPA/ULPA filtration, GMP-compliant design, and microbial-resistant construction.
• Cleanroom AHU Precision air handling unit for controlled environments requiring ultra-clean air and zero contamination, designed for ISO Class 5-8 cleanrooms with stainless-steel construction and HEPA/ULPA filtration up to 99.9995%.
• Floor Mounted Horizontal AHU Space-efficient horizontal-configuration Air Handling Unit for installations with limited floor space, offering airflows of 1,000 to 60,000+ CFM with customizable configurations.
• Floor Mounted Vertical AHU Vertical-configuration Air Handling Unit for narrow spaces with high performance requirements, delivering airflows from 1,000 to 20,000+ CFM for commercial, industrial and healthcare applications.
• Ceiling Suspended AHU Compact ceiling-mounted Air Handling Unit with 100% fresh air capability and capacities from 1,000 to 10,000 CFM, ideal for facilities with limited floor space.
• TFA with Heat Recovery Wheel (HRW) Treated Fresh Air unit with sensible or enthalpy heat recovery wheel recovering 70–85% of exhaust-air energy, reducing HVAC load while ensuring superior indoor air quality.
• TFA with Plate Type Heat Exchanger (PHE) Fresh air unit with cross-flow or counter-flow aluminum plate heat exchangers delivering up to 75% sensible heat recovery with zero cross-contamination for hygienic environments.
• Single Stage Air Washer Evaporative cooling unit that reduces temperature by 18–19°C using natural water evaporation, consuming 80% less electricity than conventional A/C systems and suited to dry climates.
• ZIDEC (ZECO Indirect Direct Evaporative Cooling Unit) Dual-stage evaporative cooling system combining indirect and direct cooling for hot and dry climates, delivering 100% fresh filtered air with up to 80% energy savings over traditional HVAC.
• Fan Coil Units (FCUs) Precision climate-control units available in Single Skin, Double Skin, and BLDC Motor variants, supporting 2-pipe or 4-pipe systems with capacities from 0.5 to 4 TR and airflows from 400 to 1,600 CFM.
• ZECO Outdoor Air System (ZOAS) Dedicated Outdoor Air System delivering 100% conditioned fresh air independent of recirculated systems, with energy recovery, multi-stage filtration, and DX/chilled-water coils for precise climate control.
• ZECO Environmental Unit (ZEN) Industrial air-purification unit featuring an Auto Viscous Filter self-cleaning system, designed for environmental compliance with CPCB and NFPA standards by neutralizing PM, NOx, and CO2.
• Fresh Air Unit (FAU) HVAC unit that brings in 100% fresh outdoor air, conditions it to desired temperature, and filters pollutants using multi-stage filtration, with optional energy-recovery systems.
• Exhaust Air Unit High-efficiency ventilation unit for expelling stale air, reducing indoor contaminants, and supporting energy-conscious buildings, with EC/VFD-driven fans and multi-level filtration options.
• Dry Scrubber Waterless air-pollution-control system removing gases, particulates, and odors from kitchen and industrial exhausts using multi-stage filtration with G4 pre-filters, electrostatic precipitators, and optional carbon filters.
• Wet Scrubber High-efficiency air-purification system removing gaseous and particulate contaminants via multi-phase scrubbing, with recirculation for water conservation and >98% mist removal efficiency.
• Heat Exchanger Coils AHRI 410-certified heat exchangers including Direct Expansion (DX), Chilled Water, and Hot Water coils, built for precision thermal transfer with up to 12 rows and tube diameters from 3/8 to 5/8 inch.
• Pre-Insulated Pipes Thermally efficient ducting solution that minimizes energy loss in HVAC installations, providing durable performance with reduced heat gain or loss in chilled/hot water piping systems.
• EPC (Engineering, Procurement, Construction) Solutions End-to-end Engineering, Procurement, and Construction services for AHU systems, covering design, procurement, installation, and commissioning, delivered as integrated single-vendor projects for faster execution and optimized system performance.
• Service & Support Aftermarket services for installed ZECO HVAC equipment, including breakdown support, repairs, spare-parts management, and preventive maintenance.

Quantifiable outcome

• Energy recovery efficiency: Heat Recovery Wheel recovers 70-85% of exhaust air energy
• +4 more outcomes

Named customers2 records

Segments8 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature7 records

Partnerships

One partnership is on record.

• Munters GroupcoreStrategic or Co-development Partner · 1 January 2023Zeco Aircon was acquired by Munters in 2023, making it a subsidiary/Indian operations arm of the global climate control leader. This acquisition provided ZECO access to global markets while Munters gained a strong presence in India's HVAC market. Munters, founded in 1955, is a world leader in energy-efficient air treatment and climate control solutions for mission-critical industries including pharmaceuticals, food processing, and data centers.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Systemair: European-headquartered ventilation and indoor climate solutions manufacturer with global AHU product lines. Highly comparable product overlap with ZECO in AHUs, heat recovery, and air handling units, though operating primarily in Europe.
• FläktGroup: European AHU and air handling specialist serving commercial and industrial customers. Closely comparable in product scope (AHUs, fans, heat exchangers, cleanroom solutions) and in project-driven execution model.
• Blue Star: Indian HVAC and commercial refrigeration manufacturer with deep presence in chillers, AHUs, and project execution. Competes head-to-head with ZECO across commercial buildings, pharma, and industrial segments in India.
• Voltas: India's largest air-conditioning and cooling solutions company, offering unitary ACs, commercial refrigeration, and HVAC projects. Directly competes with ZECO in commercial and enterprise HVAC in India, with comparable project-based execution model and pan-India service network.

Broad incumbents

• Carrier Air-Conditioning India: Indian arm of Carrier Global offering HVAC, chillers, and air-handling systems. Competes across enterprise HVAC segments as part of broader Carrier portfolio; overlaps in commercial and industrial projects but not focused as a specialist on AHU/cleanroom niches like ZECO.
• Johnson Controls-Hitachi Air Conditioning India: JV between Johnson Controls and Hitachi offering ACs, chillers, and HVAC systems in India. Competes in commercial and residential HVAC with a wider product breadth and global brand recognition versus ZECO's specialized AHU focus.
• Trane Technologies India: Indian operations of Trane Technologies offering chillers, air-handlers, and HVAC solutions. Competes in commercial and data-center HVAC projects; broader portfolio than ZECO and supported by a significantly larger global R&D base.
• Daikin Air-Conditioning India: Indian subsidiary of global HVAC leader Daikin offering a wide range of AC, refrigeration, and applied HVAC systems. Overlaps with ZECO in commercial and industrial HVAC projects but operates across a much broader unitary and refrigeration portfolio.

Emerging players

• VTS Group: Polish-headquartered AHU and ventilation equipment manufacturer serving commercial and industrial customers. Compares to ZECO in AHU product focus and energy recovery, though smaller global footprint and more limited India presence.

Regional players

• Ingenia Air Handling Units: Spanish AHU manufacturer focused on European and Latin American markets with comparable product specifications (Eurovent-certified AHUs). Compares to ZECO on product scope, but geographically concentrated outside India.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@zecoaircon1989
• Facebookfacebook.com/ZECOAircon
• LinkedInlinkedin.com/company/zeco-aircon-limited
• Xx.com/airconzeco

Compliance17 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 ZECO Aircon