KRN Heat Exchanger and Refrigeration Ltd Overview
Pro stress-test →KRN Heat Exchanger and Refrigeration manufactures fin and tube-type heat exchangers for the HVAC and Refrigeration Industry. The company delivers innovative, high-performance products to industries such as HVAC, refrigeration, automotive, power, and marine, with a diverse product range including Fin & Tube Coils, Bar & Plate Heat Exchangers, and Micro Channel Heat Exchangers. Established in 2017, the company is run by a highly skilled and experienced team of engineers with 20+ years of experience in the HVAC&R industry.
Strategic Profile
Pro stress-test →KRN exports a minimum of 33% of its production worldwide, serving major OEM clients including Daikin, Blue Star, and Kirloskar. The company raised ₹341.9 crore through a fresh equity issuance in September 2024, and in FY 2025 commissioned a new Kolila Plant at Neemrana, Alwar and formed a subsidiary company for advanced HVAC&R testing and training facility. The company is experiencing strong momentum with rapid scale-up and factory expansion supporting growth in an expanding thermal solutions market.
Competitive Landscape
Pro stress-test →KRN competes in the specialized HVAC&R heat exchanger component manufacturing space against regional and global equipment suppliers. Major customers include Daikin, Schneider Electric, Kirloskar Chillers, Blue Star, and Frigel Intelligent Cooling Systems. These customers are also key reference points for competitors, indicating KRN's competitive positioning in the OEM supply chain for heating and cooling applications.
Industry Context
KRN Heat Exchanger and Refrigeration Ltd operates in HVAC & Refrigeration Heat Exchanger Manufacturing.
Key facts
Founded: 2017 · Headquarters: Neemrana (Alwar), Rajasthan, India · Employees: Not disclosed · Revenue: ₹307.9 crore (FY24 consolidated) · Market cap: ₹8,148 crore (~$975M USD equivalent)