- Business
- Amber Enterprises India Limited (AMBER.BO), founded in 1990 and headquartered in Rajpura, Punjab, India, is a leading backward-integrated manufacturer and solution provider in consumer durables, electronics manufacturing services (EMS), and railway subsystems and mobility solutions, primarily serving the Indian market with operations across multiple manufacturing facilities in the country. The company offers room air conditioners, inverter air conditioners, commercial air conditioners, heat exchangers, copper tubing, plastic components, and injection-molded parts for the consumer durables segment; refrigerators, washing machines, microwave ovens, and other white goods; printed circuit boards (PCBs) including single-sided, double-sided, multi-layer, radio frequency, flexible, and specialty PCBs through subsidiaries such as Ascent Circuits, along with PCB assembly (PCBA), surface mount technology (SMT), automatic and manual insertion, box build solutions, final assembly, testing, and packing for sectors including automotive, telecom, industrials, consumer durables, hearables/wearables, and defense via IL JIN Electronics; and integrated railway subsystems, HVAC solutions for rolling stock, data centers, buses, and defense applications. Recent developments include a landmark fundraising of Rs 1,200 crore in subsidiary IL JIN Electronics in 2025 through equity and compulsorily convertible preference shares from investors such as Raptor Investments, Two Infinity Partners, ChrysCapital Fund X, and InCred, valuing the unit at approximately Rs 12,000 crore to fuel organic and inorganic growth in electronics; plans to raise up to Rs 3,000 crore through a qualified institutional placement in its consumer durables business and an initial public offering for IL JIN Electronics to support capacity expansion and capex under the Electronics Components Manufacturing Scheme; diversification into washing machines via a 50:50 joint venture with Resojet; acquisitions such as Power-One and Unitronics alongside investments in PCB manufacturers; and expansion in mobility with new product categories like couplers, pantographs, brakes, and doors amid recovery in Vande Bharat and metro projects.