EPACK Durable

About EPACK Durable

EPACK Durable Limited operates as an Original Design Manufacturer (ODM) and Original Equipment Manufacturer (OEM) within India's consumer durables sector. The company was founded in 2003 by the Singhania and Bothra families, specifically Ajay DD Singhania, Bajrang Lal Bothra, Sanjay Singhania, and Laxmi Pat Bothra, initially establishing itself as an air conditioner OEM in Greater Noida. The founders' journey represents a multi-generational collaboration, with Ajay Singhania and his brother branching out from their family's auto parts business to partner with the Bothra family, who were already established in manufacturing. Their initial venture was in thermocol packaging before strategically pivoting to air conditioner manufacturing.

The firm has demonstrated significant growth, becoming the second-largest room air conditioner (RAC) ODM in India based on production volume. This growth was supported by key milestones, including two private equity funding rounds in 2021 and 2022, and the launch of new manufacturing facilities in Bhiwadi, Rajasthan (2021) and Sri City, Andhra Pradesh (2023). A major corporate development occurred in January 2024, when EPACK Durable launched its Initial Public Offering (IPO), becoming a publicly listed company on both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).

EPACK Durable's business model is centered on providing integrated design and manufacturing services to major consumer brands. Its client roster includes prominent names such as Havells, Haier, Voltas, and Daikin. The company operates on an ex-works basis, where clients are responsible for logistics from the manufacturing facilities. Revenue is generated through the design and production of a diverse product portfolio. The core business is the manufacturing of RACs, including window and split units. To mitigate the seasonality of the air conditioner market, the company has diversified into small domestic appliances (SDAs) like induction cooktops, mixer-grinders, water dispensers, and air fryers.

A key feature of EPACK Durable's operations is its high degree of backward integration. The company manufactures a wide array of critical components in-house, such as heat exchangers, PCBAs, universal motors, copper tubing, and injection-molded parts, with compressors being one of the few major components sourced externally. This vertical integration provides greater control over the supply chain and product quality. The company operates three main manufacturing plants in Rajasthan, Uttar Pradesh, and Andhra Pradesh, supported by multiple R&D centers. Looking forward, the company is expanding its component business by offering items like motors and controllers, previously for internal use, as standalone products to other customers.