# Amber

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/amber

- Industry: Heating, Cooling & Ventilation Equipment and Services
- Headquarters: Gurgaon, India
- Website: www.ambergroupindia.com
- Total disclosed funding: $13M
- Latest round: Series B (Aug 16, 2012)
- Investors on record: 1

## About

Founded in 1990 and based in Gurgaon, India, Amber is a company that focuses on the research and development of room air conditioners (RAC). In 2004, the company started RAC and sheet metal parts. In 2012, it acquired PICL. In November 2016, ADV Partners acquire a 44% minority stake in Amber from Fairwinds Private Equity and the company's promoters for INR 3.5 billion. In 2022, the company established the Sricity Unit. Amber owns several subsidiaries including Sidwal Refrigeration Industries Private Limited, IL JIN Electronics (India) Private Limited and Pravartaka Tooling Services Private Limited etc.

The company's main products include indoor air conditioners, motors, electronic products and railway air conditioners, etc. Its products are used in industries such as railways, subways, buses and defense.

## Funding rounds

- Series B, Aug 16, 2012, $13M — Fairwinds Private Equity

## Investors

- Fairwinds Private Equity (https://capitalatlas.ai/funds/fairwinds-private-equity) — Series B