Company History - Johnson Controls -Hitachi Air Conditioning India
1984 - The Company was Incorporated as a private limited company on
December in the name of Acquest Air Conditioning Systems Pvt.
Ltd. It was converted into a public limited, on 30th June,
Name was changed to Amtrex Appliances on 14th September,
Its manufacturing facilities are situated at Kadi, a notified
backward area in North Gujarat for manufacture of air
conditioners. Air conditioners consisting of window, split
multi split are marketed under the brand name `Amtrex'.
- The Company's object is to manufacture air conditioning and
refrigeration appliances and other durables.
1989 - All shares taken up by promoters, directors etc.
1990 - Equity shares sub-divided. 18,50,000 shares of Rs.10 each
issued at par of which 13,50,000 shares reserved and allotted
a firm basis to promoters, directors etc. Of the remaining
5,00,000 shares, 92,500 shares reserved for allotment on a
basis to employees of the Company as well as promoter
(only 24,000 shares taken up). The balance 4,07,500 shares,
along with 68,500 shares not taken up by employees, were
for public subscription during February 1991 (all were taken
Additional 2,77,500 shares allotted to retain
1991 - The Company issued through a prospectus the following:
- (A) Equity shares: 18,50,000 No. of equity shares of Rs.10
of which 13,50,000 shares issued on firm allotment basis to
promoters, directors etc. Of the remaining the following
reserved for allotment on preferential basis:
- (i) 92,500 shares to employees;
- (ii) 4,07,500 shares issued to the public. Additional
shares allotted to retain oversubscription.
- (B) Fully convertible Debentures: 2,64,000 - 14% secured
convertible debentures of Rs.125 each were also issued as
- (a) 13,200 debentures to employees;
- (b) 2,50,800 debentures also were issued to the public.
Additional 39,600 debentures allotted to retain
- Part A of Rs.50 of each debenture was converted into 5 equity
shares of Rs.10 each on the date of allotment; 15,18,000
- Part B of Rs.75 was converted into 75 No. of equity shares
every 20 debentures held, on 15.10.1992 of Rs.10 each at a
of Rs.10 per share. Accordingly 10,75,500 shares were
- In July, the company launched the Amtrex-Shizuka range of
mounted split air-conditioners.
1992 - The company proposes to issue 9,83,193 Fully Convertible
Debentures on rights basis, to raise Rs. 15.23 crores from
1993 - The Company undertook to upgrade its technology and increase
installed capacity from 24000 units of air conditioners to
units per year.
- The company launched the 6,000 K. Cal (2.0 Ton) Cooling models
manufactured in technical collaboration with Hitachi Ltd.,
- During the year, Avikal Investments Ltd. became a subsidiary
1994 - During March-April, the Company issued 9,36,375-14% fully
convertible debentures of Rs.155 each on Rights basis in prop.
debenture : 4 equity shares held. Another 3400 debentures
issued to employees (only 120 debentures taken up).
- Part A of Rs.50 of the face value of each debenture was
into 2 equity shares of Rs.10 each at a prem. of Rs.15 per
on the date of allotment of debenture. Accordingly 18,72,990
shares were allotted.
- Part B of Rs.105 of the face value of each debenture was
converted into 3 equity shares of Rs.10 each at a prem. of
per share on 1.10.1995.
1995 - The Company launched two major products viz. HAIKU, a 0.75
window Air conditioner with Hitachi Rotory Compressor, QUADRA,
ceiling mounted split Airconditioner with Hitachi scroll
compressor in 4.0 Ton capacity.
- AMTREX entered into a Distributorship Agreement with IMI
corneilins of U.K. for marketing and servicing of Dispensers
India. The Company has also enhanced the production capacity
Airconditioners from 50,000 units to 1,00,000 units.
- 28,09,485 No. of equity shares allotted on conversion of Part
of 14% FCD.
1996 - The Company has also now fully geared up to receive ISO 9001
certification by year end.
- The Company has also launched KAIZEN in manufacturing
and has made significant contribution to work culture among
1997 - The Company, successfully launched and marketed imported soft
- Amtrex has entered into a Technical Collaboration with ORFORD
REFRIGERATION of Australia for manufacturing Visi-Coolers, a
Commercial Refrigeration product.
- The Company has launched Just In Time (JIT) Programme.
- Rating of 'FA+' assigned by CRISIL to the Fixed Deposit Scheme
the company has been retained.
1999 - The Company introduced 3 new models of Room Air-conditioners,
which received encouraging response.
- The Company's manufacturing facilities, became the seventh
worldwide for production of Hitachi brand Air-conditioners.
- The Company has launched 4 new models under the Hitachi
which have been well received by the market.
- With effect from 1st April, Mr. Yuuhiko Yabe has been
as the Joint Managing Director.
2000 - The Company joint venture between Hitachi Ltd, Japan, and the
Ahmedabad-based Lalbahi group, has posted an impressive
cent growth in revenue.
- Crisil has reaffirmed the FA+ rating assigned to the
programme of the company.
2001 - The Company a joint venture between Japanese conglomerate
Hitachi and the
Lalbhai group, is currently working on plans to broad
base its presence in India by
introducing a range of Hitachi retail and home
2003 -Lalbhai Group Nominees Mr Sanjay S Lalbhai, Chairman and Mr
Naishadh Parikh, Managing Director has resigned from the Board of
Directors of the Company and Hitachi inducted Mr Shinya Yoshinaga as
Chairman, Mr Shoji Tsubokuta as Managing Director and Mr Makoto
Takeshita as Additional Director.
-Mr. Mahesh Agrawal, GM Legal & Company Secretary has resigned from
-Allots 82,91,043 equity shares on rights basis of Rs 10/- each on
January 30, 2004
-Launches new range of window air-onditioner (AC), Hitachi
Quadricool, in Chandigarh
- Announces the launch of five new cooling solution products for the
Indian market on September 9, 2005. The products include the Sense I
split air conditioner, two models of the floor standing Hitachi Tower
air conditioner, the Microcool Cassette ceiling air conditioner and
the high end Quadricool window air conditioner.
-Hitachi unveils two new products Quadricool TM and Atom UV.
-Hitachi Home & Life Solutions India Ltd has appointed Mr. Akira
Kamitani as Chairman and Director of the Company with effect from
April 01, 2007.
-Hitachi Home & Life Solutions India Ltd has appointed Mr. Kenichi
Munakata as Chairman and Director of the Company with effect from
February 01, 2008.
-Hitachi Home & Life Solutions India Ltd has appointed Dr. Anwar Ali,
Mr. Ashok Balwani and Dr. Devender Nath Dave as independent directors
of the Company.
-Jan: Launched India's first split Ac (ACE Follow Me) with Movement
Sensor to detect Human movement and diverting the Airfolw accordingly
and ACE cutout with 0.9,184.108.40.206 and 2.O Tr, the capacitities for
Customers specific personal needs.
-Launched i-TEC, India's First Inverter airconditioner which is made
in India & designed for 520 C with Hitachi's patented PAM
-Launched Fully loaded Kaze range of air conditioners for the mass
-Started manufacturing of water cooled chiller of 40 HP - 120 HP
capacities in India.
-ntroduced Company Owned and Company Operated Service Centres -
Hitachi Customer Satisfaction (HCS).
-Launched i-Clean, India's First air conditioner with Automatic
filter cleaning technology by which it cleans its filter
-Launched Summer, India's First 5 star rated Window air conditioner.
-Introduced India's First star rated Cassette air conditioner.
-Introduced 5 star rated Summer TM window air conditioner with twin
-Introduced Inverter technology in refrigerators.
-Hitachi Home & Life Solutions Ltd Issues Rights in the Ratio of 1:5
- Hitachi Home & Life Solutions (India) Ltd has re-constructed
manufacturing facility at Karan Nagar, Kadi has been inaugurated on
January 13, 2013.
- Mr. Shoji Tsubokuta appointed as Managing Director of the Company.
- Mr. Gurmeet Singh has been appointed as an Executive Director of
- Ms. Indira Parikh has been appointed as an Independent Director of
- Japanese electronic goods maker Hitachi has emerged as the top
contender to buy the promoter's stake in Crompton Greaves, a power
transmission and distribution company owned by billionaire Gautam
-Hitachi Automotive establishes new auto parts plant in Tamil Nadu
-Hitachi Elevator Asia has been awarded an order for 23 units of
elevators from ITC Ltd which is setting up a five-star deluxe hotel
project in Hyderabad.
-Hitachi Home & Life Solutions (India) Ltd shall be changed to
Johnson Controls - Hitachi Air Conditioning India Ltd and the trading
symbol of the Company be changed from HITACHIHOM TO JCHAC.
- Hitachi Ltd has announced a joint venture with electronics
equipment manufacturer Johnsons Control to provide innovative and
complete HVAC (heating, ventilation, and air conditioning) solutions.
-JCH receives Environment Minister's Award for Global Warming
Prevention Activities 2016.
-JCH to introduce Hitachi room air conditioning system Stainless
Clean Shirokuma-kun X Series.
-Hitachi Room Air Conditioner Stainless Clean Shirokuma-kun Premium X
Series has launched.