IBEF Research: Daikin Industries Ltd

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IBEF Research: Daikin Industries Ltd

Daikin Industries, Ltd. is a diversified multi-product multinational company. Daikin provides a range of products and technologies in the area of air conditioning, chemicals, transportation and refrigeration systems, oil hydraulics, defence systems, and electronics.

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Company Background:

Daikin Industries Ltd. is a diversified multi-product multinational company. Daikin provides a range of products and technologies in the area of air conditioning, chemicals, transportation and refrigeration systems, oil hydraulics, defence systems, and electronics.The air conditioning business of the company is the biggest among all its businesses.

The company reported net sales of US$ 7,017 million in the FY06. It employed over 19,000 employees, and had 118 subsidiaries and affiliated companies worldwide at the end of FY05.

Daikin in India:

Daikin Industries, Ltd. entered the Indian market by partnering with the Siel Ltd. to establish a joint venture company, Daikin Shriram Airconditioning Pvt. Ltd. (DSAL), in the year 2000. Initially, it had an 80 percent stake in the joint venture. It acquired the remaining 20 percent held by Siel, Ltd. in the year 2004.Therefore, the business is now a wholly owned subsidiary of Daikin Industries, Ltd. and is known as Daikin Airconditioning India
Private Limited.

Currently, India is a sales base for the parent company. It imports products from its facilities in Thailand and Japan. Daikin Airconditioning India Private Limited (DAIPL) has a distribution network comprising 11 sales and service offices, 3 spare parts centres, and around 200 dealers across India. The sales and service offices as well as spare parts centres are well-equipped with trained manpower, and stocks of spare parts, tools and other equipment.All its dealers are completely equipped to support and implement all activities related to sales, service and installation.

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