CMD's Corner

"We have a passion for the unconventional."

At Symphony, our air cooling experts and marketers have been making history for over 80 years. We are proud to build on the global legacy of inventing the air cooler in 1939 and continuing innovation ever since.

We recognize that our consumers and the competitive landscape are changing rapidly.

Hence, investment in R&D to create cutting-edge innovations around evolving consumer lifestyles has always been a key priority.

Today, we have many a competitor copying our products. While we are happy to serve as an inspiration to them, our sources of competitive advantage is not easy to replicate:

Relentlessly making our air coolers smarter through consumer insights & technology innovation

Focussing increasingly on making our business asset-light and more efficient

Agility in understanding each local market in depth to stay abreast of the evolving big picture

Organized players and reputed business houses entering the air-cooling segment will only help in expanding the market and act as a further proof of the untapped opportunity. As the world leader, it will help Symphony further consolidate our market ownership.

Symphony is in a unique position to leverage the most promising consumer markets in the world - India, USA, Mexico, Australia, China and Brazil. Our infrastructural presence with full-fledged local teams in these countries have strengthened our global reach.

In the long-term, our focus is to increase the penetration of our Industrial and Commercial air coolers and fortify our market leadership in the Household Air Cooling segment. The market for Industrial and Commercial air cooling in India is huge and is untapped. In a space that has been dominated by unorganised players like local fabricators, Symphony has gained market leadership as the only organized player having a quality and technical superiority edge. As workplace comfort becomes a key priority for organisations in India as also across the globe, Industrial and Commercial air cooling will become vital part of their operational strategy.

Looking ahead, we are readying ourselves for sustainable growth by unleashing the full potential of air cooling products & solutions on a global scale. We will continue to deliver reliable and consistent shareholder value in a predictable yet profitable manner. Our ‘asset light innovation heavy’ strategy that has given us market leadership in India is duly getting replicated in our manufacturing facilities across the globe.

We continue to stand strong as a company that is financially efficient, operationally nimble and environmentally responsible.

And that is what matters!

Achal Bakeri
Chairman & Managing Director