Atomberg Expands into Component Supply as IPO Plans Advance
Atomberg Technologies is expanding from consumer appliances to supplying motors and components for manufacturers, aiming for a public listing. Backed by Temasek and others, Atomberg Innovations will provide critical components in response to India's push for localized supply chains. The company plans to raise approximately ₹2,000 crore through the IPO, which is in discussion with investment bankers. Atomberg targets sectors like HVAC and has developed indigenous technologies to meet growing domestic demand.
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Atomberg Technologies is transitioning from consumer appliances to component manufacturing, focusing on motors, controllers, and compressors as it prepares for an IPO expected to raise ₹2,000 crore. The company, supported by Temasek and others, aims to localize technologies traditionally imported from China, addressing the demand from appliance makers for domestic suppliers.
Atomberg Innovations is targeting sectors including HVAC, automotive, and industrial automation. The firm reported ₹958.4 crore in operating revenue in FY25, with net losses narrowing by 41%. The shift anticipates significant growth potential as India pushes for greater localization in manufacturing.
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