What Amber Enterprises does

Amber Enterprises India Limited is a publicly listed Indian Electronics Manufacturing Services (EMS) company headquartered in India, founded in 1990, that operates as a contract manufacturer across four primary verticals: room air conditioners (RAC), railway and metro HVAC systems, printed circuit boards (PCB) and semiconductor substrates, and mobile phone manufacturing. Its core technology spans end-to-end assembly of RAC units, specialized HVAC systems for rail and defence platforms, multi-layer PCBs and semiconductor substrates through the Ascent-K Circuit joint venture and the 80%-owned Shogini Technoarts subsidiary, and smartphone manufacturing under brand collaborations. Manufacturing facilities are located at Jewar (Uttar Pradesh), Dehradun, Sri City, and Pune, with an R&D centre in Punjab receiving Rs 500 crore of investment focused on energy-efficient climate control.

Amber makes money through long-term OEM supply agreements with consumer electronics and consumer durables brands, earning revenue on a per-unit contract-manufacturing basis via manufacturing fees, component procurement margins, and value-added services. The go-to-market is sales-led and enterprise-field-sales driven, with pricing negotiated individually per OEM contract rather than through public list pricing. Key customers include Oppo Mobiles India (manufacturing for Oppo, OnePlus, and Realme brands), Sharp Business Systems India (AC production from March 2026), and government buyers in railways, metros, and defence for HVAC systems. Revenue diversification is horizontal across consumer electronics, railway/defence, and electronic components.

In FY26, Amber reported consolidated revenue of Rs 12,306.63 crore (~USD 1.3 billion), with nine-month revenue of Rs 8,039 crore up 29% year-on-year, Q3 FY26 net profit up 128% year-on-year, and EBITDA up 53%. Management is guiding to USD 2 billion revenue in the near term, supported by 40–45% growth in the electronics business and 30–35% in railway/defence, a Rs 6,785 crore Jewar greenfield investment under the Electronics Component Manufacturing Scheme (ECMS), and capex of Rs 1,800–2,000 crore for FY27. The main near-term risks are margin compression of 50–100 bps in FY27 from wage hikes and commodity inflation, and concentration on a small set of large OEM partners.

Note on inputs: the firmographic header describes a US-based "Amber Enterprises" (ambercontractors.com, College Park, 11–50 employees) offering electrical contracting. This appears to refer to an unrelated entity of the same name; the analytical outputs above are grounded in the far richer, first-party disclosures concerning Amber Enterprises India Limited, which is the subject of the strategic, financial, and product data provided.

Name

Amber Enterprises

Legal name

Amber Enterprises India Limited

Website

https://ambercontractors.com

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

11–50 employees

Short description

Amber Enterprises India Limited is a publicly listed Indian contract manufacturer producing room air conditioners, railway and metro HVAC systems, printed circuit boards, semiconductor substrates, and smartphones for OEM brand customers including Oppo, Sharp, and government railway and defence buyers.

Ownership category

akta.pro rank

Product category

Electronics Manufacturing Services

NAICS

Electrical Equipment Manufacturing (33531)

SIC

Electronic Components, Nec (3679), Electrical Industrial Apparatus (3620)

akta.pro primary industry

Industrial Electronics Manufacturing Services (EMS) (IMAGAGAA)

akta.pro secondary industry

Industrial Power & Energy Electronics Manufacturing Services (UPS, converters, inverters, chargers) (IMAGAGAI)

Keywords

• Electronics manufacturing services
• Contract manufacturing
• Room air conditioners
• Railway HVAC systems
• Printed circuit boards

Headquarters

HQ city

College Park

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Technology or R&D, Personnel, Others

Revenue model

1. Contract Manufacturing - Consumer Electronics: Amber Enterprises generates revenue as a contract manufacturer for consumer electronics and consumer durables brands, producing room air conditioners, mobile phones (for Oppo, OnePlus, Realme brands), and electronic components. Revenue is derived from manufacturing fees, component procurement margins, and value-addition services under long-term OEM agreements.
2. Railway and Defence HVAC Manufacturing: Revenue stream from manufacturing HVAC (heating, ventilation, and air conditioning) systems for railways, metros, and defence applications. The company projects 30-35% annual growth in this division, serving government and enterprise customers through direct supply contracts.
3. PCB and Electronic Components Manufacturing: Through its Ascent-K Circuit joint venture and subsidiary Shogini Technoarts, Amber Enterprises manufactures printed circuit boards and semiconductor substrates for domestic consumption and export, targeting import substitution for India's nearly Rs 40,000 crore PCB import market.

Go-to-market motion2 records

Distribution channels1 record

Core offering

Amber Enterprises India Limited is a contract manufacturer of electronics and consumer durables. It manufactures room air conditioners, railway and metro HVAC systems, mobile phones (for Oppo, OnePlus, Realme), and printed circuit boards / semiconductor substrates. The company sells to OEM brand customers and government/railway/defence buyers under long-term supply agreements, with manufacturing facilities across India.

Product overview

Amber Enterprises is a leading electronics and consumer durables contract manufacturer offering a diversified product portfolio centered around air conditioning solutions (room ACs, railway/metro AC systems, HVAC products) and electronics manufacturing services (PCBs, semiconductor substrates, mobile phones, critical components). The company operates through manufacturing partnerships with brands like Sharp, Oppo, OnePlus, and Realme, and produces clean-air solutions in partnership with Zonair3D. The portfolio spans consumer cooling products, industrial electronics components, and telecommunications equipment manufacturing.

Differentiator

Problem solved

Functional benefit

Products and services

• Room Air Conditioners

Quantifiable outcome

• Revenue of Rs 12,306.63 crore (USD 1.3 billion) in FY26 with path to USD 2 billion milestone
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Ascent-K Circuit (Joint Venture)coreStrategic or Co-development Partner · 27 June 2026Amber Enterprises' joint venture with Ascent-K Circuit for manufacturing a PCB and semiconductor substrate unit at Jewar, Uttar Pradesh, as part of the company's Rs 6,785 crore investment in new manufacturing facilities. Supported under the Centre's Electronics Component Manufacturing Scheme, targeting import substitution for India's nearly Rs 40,000 crore PCB import market.
• Oppo Mobiles India Pvt. Ltd.coreOEM/ Whitelabel/ Licensing Partner · 19 June 2026Amber Enterprises entered into a manufacturing collaboration with Oppo Mobiles India Pvt. Ltd. to produce mobile phones for the Oppo, OnePlus, and Realme brands in India. The deal leverages Amber's manufacturing scale, local supply chain ecosystem, and value-addition capabilities for Oppo India's portfolio of brands. This partnership reflects the broader trend of smartphone brands diversifying manufacturing operations in India amid government incentives for local value addition and electronics production.
• IL JIN Electronics (Subsidiary)minorOthers · 19 March 2026Amber Enterprises' subsidiary IL JIN Electronics received board approval to raise Rs 328.12 crore through a rights issue to fund expansion and strategic initiatives, aiming to improve IL JIN's market standing and support growth in the electronics manufacturing sector.
• Sharp Business Systems IndiacoreOEM/ Whitelabel/ Licensing Partner · 1 March 2026Sharp Business Systems India partnered with Amber Enterprises India to manufacture air conditioners in India, starting production in March 2026. The collaboration aims to capture a 2-3% market share over five years in India's growing cooling market, with manufacturing facilities in Dehradun and Sri City.
• Zonair3DminorStrategic or Co-development Partner · 1 January 2026Spanish clean-air technology company Zonair3D partnered with Amber Enterprises India Limited to scale manufacturing of clean-air solutions under the Made in India programme. Zonair3D views India's extreme climatic conditions as valuable for stress-testing its clean-air technologies, with Indian operations closely integrated with the company's Spanish R&D base, positioning India as both a strategic market and a potential export base for South Asian and European markets.
• Shogini TechnoartscoreStrategic or Co-development Partner · 1 December 2025Amber Enterprises expanded its PCB vertical by acquiring an 80% stake in Pune-based Shogini Technoarts, a company specialising in advanced PCB applications. The acquisition was part of the company's strategy to deepen domestic value addition in electronic components and support growth in the PCB manufacturing segment.

Scale indicators14 records

Recent moves7 records

Expansion highlights7 records

Broad incumbents

• Jabil Inc. Global EMS provider with diversified end-markets including consumer electronics, automotive, and industrial. Comparable through multi-vertical manufacturing services and OEM-customer mix.
• Flex Ltd: Global EMS/ODM player serving consumer electronics, automotive, and industrial customers. Comparable business model of multi-vertical contract manufacturing for tier-1 OEMs.
• Foxconn (Hon Hai Precision): World's largest EMS provider expanding Indian smartphone and electronics manufacturing capacity. Directly comparable on contract-manufacturing business model and shared OEM customers such as smartphone brands.

Direct peers

• Dixon Technologies (India) Limited: Leading Indian EMS player manufacturing consumer electronics, lighting, mobile phones, and appliances for global OEMs. Most direct domestic comparable given overlapping product lines, OEM contract model, and PLI-driven growth profile.
• Pegatron Corporation: Taiwan-based EMS company with significant smartphone and consumer electronics manufacturing. Highly comparable on smartphone contract manufacturing for global brands including those serving India.
• Wistron Corporation: EMS/ODM player with established India manufacturing footprint for smartphones. Comparable in OEM contract model, end-market focus, and India expansion strategy.

Regional players

• Bharat Electronics Limited: Indian public-sector electronics manufacturer serving defence and strategic sectors. Comparable on PCB and electronic component manufacturing capabilities and government/defence customer base.
• Havells India Limited: Large Indian consumer durables and electrical equipment company with overlapping HVAC/RAC exposure. Comparable through Indian consumer durables market dynamics and RAC product category.
• Voltas Limited: Indian room AC and HVAC major with overlapping RAC product line. Comparable through AC manufacturing, energy-efficiency positioning, and India-focused distribution, though Voltas is brand-led versus Amber's contract-manufacturing model.

Emerging players

• PG Electroplast Limited: Indian EMS provider scaling consumer electronics and appliance contract manufacturing. Comparable through OEM contract manufacturing model and Indian consumer durables exposure, though smaller in scale than Amber.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/amber-enterprises-inc

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 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 Amber Enterprises