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{{short description|Indian multinational electronics company}} {{short description|Indian multinational home appliances company}}
{{Use dmy dates|date=June 2022}}
{{Use Indian English|date=June 2022}}
{{Infobox company {{Infobox company
| name = Blue Star Limited | name = Blue Star Limited
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| industry = {{plainlist| | industry = {{plainlist|
*]s *]s
}}
*]s}}
| products = {{plainlist| | products = {{plainlist|
*]s *]s
*]s *]s
*]s *]s
*]s *]s
*] *]
*]s *]s
*]s *]s
*]s}} *]s}}
| revenue = {{increase}} {{INRConvert|5404|c}} (2020)<ref name="Financials">{{cite web|url=https://www.moneycontrol.com/india/stockpricequote/consumer-goods-white-goods/bluestar/BS|title=Blue Star Financial Statements |website=moneycontrol.com}}</ref> | revenue = {{increase}} {{INRConvert|6081|c}} (2022)<ref name="Financials">{{cite web|url=https://www.moneycontrol.com/india/stockpricequote/consumer-goods-white-goods/bluestar/BS|title=Blue Star Financial Statements |website=moneycontrol.com}}</ref>
| operating_income = {{increase}} {{INRConvert|235|c}} (2020)<ref name="Financials"/> | operating_income = {{increase}} {{INRConvert|296|c}} (2022)<ref name="Financials"/>
| net_income = {{increase}} {{INRConvert|140|c}} (2020)<ref name="Financials"/> | net_income = {{increase}} {{INRConvert|166|c}} (2022)<ref name="Financials"/>
| assets = {{increase}} {{INRConvert|3439|c}} (2020)<ref name="Financials"/> | assets = {{increase}} {{INRConvert|4312|c}} (2022)<ref name="Financials"/>
| equity = {{increase}} {{INRConvert|763|c}} (2020)<ref name="Financials"/> | equity = {{increase}} {{INRConvert|998|c}} (2022)<ref name="Financials"/>
| num_employees = 2,800+ (2020)<ref name="Financials"/> | num_employees = 2,800+ (2022)<ref name="Financials"/>
| owner = | owner =
| subsid = | subsid =
| location_city = ] | location_city = ], ]
| location_country = India | location_country = India
| homepage = {{URL|www.bluestarindia.com}} | homepage = {{URL|www.bluestarindia.com}}
}} }}


'''Blue Star Limited''' is an Indian ] ] company specialising in designing, developing, manufacturing and marketing products in the ] and ] industry. Headquartered in ], it is the country's second largest homegrown player in the air conditioning space.<ref name="second largest ac maker">{{cite news |last1=Mukherjee |first1=Writankar |title=Blue Star eyes commercial refrigeration products, water purifiers as next growth driver |url=https://economictimes.indiatimes.com/industry/cons-products/durables/blue-star-eyes-commercial-refrigeration-products-water-purifiers-as-next-growth-driver/articleshow/63417461.cms |access-date=7 May 2019 |work=The Economic Times |date=22 March 2018}}</ref> '''Blue Star Ltd''' is an Indian ] ] company, headquartered in ]. It specializes in ], ] and MEP (mechanical, electrical, plumbing and firefighting). It is the country's second largest homegrown player in the air conditioning space.<ref name="second largest ac maker">{{cite news |last1=Mukherjee |first1=Writankar |title=Blue Star eyes commercial refrigeration products, water purifiers as next growth driver |url=https://economictimes.indiatimes.com/industry/cons-products/durables/blue-star-eyes-commercial-refrigeration-products-water-purifiers-as-next-growth-driver/articleshow/63417461.cms |access-date=7 May 2019 |work=The Economic Times |date=22 March 2018}}</ref>


== History == == History ==


Blue Star was founded in 1943 by Mohan T Advani as a reconditioning company.<ref name="founding">{{cite news |title=Bluestar aims to be USD 1 bn plus company in 5 years - Times of India |url=https://timesofindia.indiatimes.com/business/india-business/bluestar-aims-to-be-usd-1-bn-plus-company-in-5-years/articleshow/65983774.cms |access-date=7 May 2019 |work=The Times of India |agency=PTI}}</ref><ref name="founding 1">{{cite book |last1=Gupta |first1=Pavan |title=Corporate India 500: A Visual Survey |date=1987 |publisher=Business Press |page=82 |url=https://books.google.com/books?id=fENXAAAAMAAJ&q= |language=en}}</ref> Soon after inception, Blue Star ventured into the manufacturing of ice candy machines and bottle coolers and began the design and execution of central air conditioning projects, followed by the manufacturing of water coolers. The company later expanded into new product lines and began exporting to ]. It went public in 1969 with an ], listing on the ].<ref name="ipo">{{cite web |title=Blue Star > Company History > Consumer Goods - White Goods > Company History of Blue Star |url=https://www.moneycontrol.com/company-facts/bluestar/history/BS#BS |website=www.moneycontrol.com |access-date=7 May 2019}}</ref><ref name="blue star history">{{cite book |last1=Vachani |first1=Sushil |title=Multinationals in India: Strategic Product Choices |date=1991 |publisher=Oxford & IBH Publishing Company |isbn=9788120405509 |page=148 |url=https://books.google.com/books?id=Hx_tAAAAMAAJ&q= |language=en}}</ref><ref name="blue star history 2">{{cite book |title=Business India |date=2005 |publisher=A. H. Advani |page=48 |url=https://books.google.com/books?id=VbRIAAAAYAAJ&q= |language=en}}</ref><ref name="blue star history 1">{{cite book |title=Enlite |date=1968 |publisher=Light Publications. |pages=25–27 |url=https://books.google.com/books?id=Pf8nAAAAMAAJ&q= |language=en}}</ref> In the late 2000s, Blue Star ventured into the electrical, plumbing and fire-fighting contracting businesses, offering customers an integrated ] (MEP) solution. It then forayed into the residential air conditioning segment a few years later, along with entering the water and air purification segments as well as the ] (EFM) space recently.<ref name="changing blue star">{{cite news |last1=Bhuva |first1=Rajiv |title=Making cool hot again, or how Vir Advani is changing Blue Star |url=https://www.fortuneindia.com/people/making-cool-hot-again-or-how-vir-advani-is-changing-blue-star/100540 |access-date=7 May 2019 |work=www.fortuneindia.com |language=en}}</ref> Blue Star was founded in 1943 by Mohan T Advani as a reconditioning company.<ref name="founding">{{cite news |title=Bluestar aims to be USD 1 bn plus company in 5 years - Times of India |url=https://timesofindia.indiatimes.com/business/india-business/bluestar-aims-to-be-usd-1-bn-plus-company-in-5-years/articleshow/65983774.cms |access-date=7 May 2019 |work=The Times of India |agency=PTI}}</ref><ref name="founding 1">{{cite book |last1=Gupta |first1=Pavan |title=Corporate India 500: A Visual Survey |date=1987 |publisher=Business Press |page=82 |url=https://books.google.com/books?id=fENXAAAAMAAJ |language=en}}</ref> Soon after inception, Blue Star ventured into the manufacturing of ice candy machines and bottle coolers and began the design, execution of central air conditioning projects, followed by the manufacturing of water coolers. The company later expanded into new product lines and began exporting to ]. It went public in 1969 with an ], listing on the ].<ref name="ipo">{{cite web |title=Blue Star > Company History > Consumer Goods - White Goods > Company History of Blue Star |url=https://www.moneycontrol.com/company-facts/bluestar/history/BS#BS |website=www.moneycontrol.com |access-date=7 May 2019}}</ref><ref name="blue star history">{{cite book |last1=Vachani |first1=Sushil |title=Multinationals in India: Strategic Product Choices |date=1991 |publisher=Oxford & IBH Publishing Company |isbn=9788120405509 |page=148 |url=https://books.google.com/books?id=Hx_tAAAAMAAJ |language=en}}</ref><ref name="blue star history 2">{{cite book |title=Business India |date=2005 |publisher=A. H. Advani |page=48 |url=https://books.google.com/books?id=VbRIAAAAYAAJ |language=en}}</ref><ref name="blue star history 1">{{cite book |title=Enlite |date=1968 |publisher=Light Publications. |pages=25–27 |url=https://books.google.com/books?id=Pf8nAAAAMAAJ |language=en}}</ref> In the late 2000s, Blue Star ventured into the electrical, plumbing and fire-fighting contracting businesses, offering customers an integrated ] (MEP) solution. It then forayed into the residential air conditioning segment a few years later, along with entering the water and air purification segments as well as the ] (EFM) space recently.<ref name="changing blue star">{{cite news |last1=Bhuva |first1=Rajiv |title=Making cool hot again, or how Vir Advani is changing Blue Star |url=https://www.fortuneindia.com/people/making-cool-hot-again-or-how-vir-advani-is-changing-blue-star/100540 |access-date=7 May 2019 |work=www.fortuneindia.com |language=en}}</ref>


==Manufacturing and operations== ==Manufacturing and operations==


Blue Star has four manufacturing plants, which are located in ], ], ], and ].<ref name="plants 1">{{cite news |last1=Pandit |first1=Virendra |title=Blue Star to set up new plant in S. India |url=https://www.thehindubusinessline.com/companies/blue-star-to-set-up-new-plant-in-s-india/article6974717.ece |access-date=7 May 2019 |work=The Hindu Business Line |language=en}}</ref><ref name="plants 2">{{cite news |title=Blue Star to set up new plant in Ahmedabad |url=https://economictimes.indiatimes.com/industry/cons-products/durables/ampnbspblue-star-to-set-up-new-plant-in-ahmedabadampnbsp/articleshow/11219761.cms |access-date=7 May 2019 |work=The Economic Times |agency=PTI |date=23 December 2011}}</ref> In addition, the company is currently in the process of setting up a plant in ].<ref name="sri city">{{cite news |title=Blue Star to commission greenfield plant in Andhra Pradesh in three years |url=http://www.newindianexpress.com/business/2019/mar/27/blue-star-to-commission-greenfield-plant-in-andhra-pradesh-in-three-years-1956413.html |access-date=7 May 2019 |work=The New Indian Express |date=27 March 2019}}</ref> Blue Star has four manufacturing plants, which are located in ], ], ], and ].<ref name="plants 1">{{cite news |last1=Pandit |first1=Virendra |title=Blue Star to set up new plant in S. India |url=https://www.thehindubusinessline.com/companies/blue-star-to-set-up-new-plant-in-s-india/article6974717.ece |access-date=7 May 2019 |work=The Hindu Business Line |language=en}}</ref><ref name="plants 2">{{cite news |title=Blue Star to set up new plant in Ahmedabad |url=https://economictimes.indiatimes.com/industry/cons-products/durables/ampnbspblue-star-to-set-up-new-plant-in-ahmedabadampnbsp/articleshow/11219761.cms |access-date=7 May 2019 |work=The Economic Times |agency=PTI |date=23 December 2011}}</ref> In addition, the company is currently in the process of setting up a plant in ].<ref name="sri city">{{cite news |title=Blue Star to commission greenfield plant in Andhra Pradesh in three years |url=https://www.newindianexpress.com/business/2019/mar/27/blue-star-to-commission-greenfield-plant-in-andhra-pradesh-in-three-years-1956413.html |access-date=7 May 2019 |work=The New Indian Express |date=27 March 2019}}</ref>


Blue Star has a presence in 18 countries in the ], Africa, ] and ] regions.Blue Star has three Joint Ventures in Oman, Qatar and Malaysia.<ref name="international ops">{{cite news |title=Blue Star Limited celebrates 75 years of operations |url=https://www.mepmiddleeast.com/suppliers/hvac/71473-blue-star-limited-celebrates-75-years-of-operations |access-date=7 May 2019 |work=Mechanical Electrical Plumbing ME |date=15 October 2018 |language=en}}</ref> The company has subsidiaries in ], ] and India. The company serves the ] market via its UAE subsidiary.<ref name="international operations">{{cite news |last1=Chaki |first1=Deborshi |title=Blue Star appoints KPMG to value West Asia, Malaysia units |url=https://www.livemint.com/Companies/ms2FUgFcb56Rg7cEKiytuO/Blue-Star-appoints-KPMG-to-value-West-Asia-Malaysia-units.html |access-date=7 May 2019 |work=Live Mint |date=26 December 2016 |language=en}}</ref><ref name="middle east">{{cite news |title=Blue Star discloses expansion plans in the Middle East region |url=https://www.mepmiddleeast.com/72264-blue-star-expands-operations-in-the-middle-east |access-date=7 May 2019 |work=Mechanical Electrical Plumbing ME |date=23 April 2019 |language=en}}</ref> The company's subsidiary in India is called Blue Star Engineering & Electronics Ltd <ref name="india subsidiaries">{{cite news |title=Blue Star drops plan to merge subsidiaries |url=https://www.thehindubusinessline.com/companies/Blue-Star-drops-plan-to-merge-subsidiaries/article20883829.ece |access-date=7 May 2019 |work=The Hindu Business Line |language=en}}</ref> Blue Star has a presence in 18 countries in the ], Africa, ] and ] regions. Blue Star has three Joint Ventures in Oman, Qatar and Malaysia.<ref name="international ops">{{cite news |title=Blue Star Limited celebrates 75 years of operations |url=https://www.mepmiddleeast.com/suppliers/hvac/71473-blue-star-limited-celebrates-75-years-of-operations |access-date=7 May 2019 |work=Mechanical Electrical Plumbing ME |date=15 October 2018 |language=en}}</ref> The company has subsidiaries in ], ] and India. The company serves the ] market via its UAE subsidiary.<ref name="international operations">{{cite news |last1=Chaki |first1=Deborshi |title=Blue Star appoints KPMG to value West Asia, Malaysia units |url=https://www.livemint.com/Companies/ms2FUgFcb56Rg7cEKiytuO/Blue-Star-appoints-KPMG-to-value-West-Asia-Malaysia-units.html |access-date=7 May 2019 |work=Live Mint |date=26 December 2016 |language=en}}</ref><ref name="middle east">{{cite news |title=Blue Star discloses expansion plans in the Middle East region |url=https://www.mepmiddleeast.com/72264-blue-star-expands-operations-in-the-middle-east |access-date=7 May 2019 |work=Mechanical Electrical Plumbing ME |date=23 April 2019 |language=en}}</ref> The company's subsidiary in India is called Blue Star Engineering & Electronics Ltd <ref name="india subsidiaries">{{cite news |title=Blue Star drops plan to merge subsidiaries |url=https://www.thehindubusinessline.com/companies/Blue-Star-drops-plan-to-merge-subsidiaries/article20883829.ece |access-date=7 May 2019 |work=The Hindu Business Line |language=en}}</ref>


==References== ==References==
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Latest revision as of 12:42, 26 September 2024

Indian multinational home appliances company

Blue Star Limited
Company typePublic
Traded as
ISININE472A01039
Industry
Founded1943; 82 years ago (1943)
FounderMohan T Advani
HeadquartersMumbai, Maharashtra, India
Area servedWorldwide
Key people
Products
RevenueIncrease ₹6,081 crore (US$710 million) (2022)
Operating incomeIncrease ₹296 crore (US$35 million) (2022)
Net incomeIncrease ₹166 crore (US$19 million) (2022)
Total assetsIncrease ₹4,312 crore (US$500 million) (2022)
Total equityIncrease ₹998 crore (US$120 million) (2022)
Number of employees2,800+ (2022)
Websitewww.bluestarindia.com

Blue Star Ltd is an Indian multinational home appliances company, headquartered in Mumbai. It specializes in air conditioning, commercial refrigeration and MEP (mechanical, electrical, plumbing and firefighting). It is the country's second largest homegrown player in the air conditioning space.

History

Blue Star was founded in 1943 by Mohan T Advani as a reconditioning company. Soon after inception, Blue Star ventured into the manufacturing of ice candy machines and bottle coolers and began the design, execution of central air conditioning projects, followed by the manufacturing of water coolers. The company later expanded into new product lines and began exporting to Dubai. It went public in 1969 with an initial public offering, listing on the Bombay Stock Exchange. In the late 2000s, Blue Star ventured into the electrical, plumbing and fire-fighting contracting businesses, offering customers an integrated mechanical, electrical, and plumbing (MEP) solution. It then forayed into the residential air conditioning segment a few years later, along with entering the water and air purification segments as well as the engineering facility management (EFM) space recently.

Manufacturing and operations

Blue Star has four manufacturing plants, which are located in Dadra, Kala Amb, Wada, and Ahmedabad. In addition, the company is currently in the process of setting up a plant in Sri City.

Blue Star has a presence in 18 countries in the Middle East, Africa, SAARC and ASEAN regions. Blue Star has three Joint Ventures in Oman, Qatar and Malaysia. The company has subsidiaries in UAE, Qatar and India. The company serves the Middle East market via its UAE subsidiary. The company's subsidiary in India is called Blue Star Engineering & Electronics Ltd

References

  1. ^ "Blue Star Registered Address Contact Details, Blue Star Management". www.moneycontrol.com. Retrieved 4 May 2019.
  2. ^ "Blue Star Financial Statements". moneycontrol.com.
  3. Mukherjee, Writankar (22 March 2018). "Blue Star eyes commercial refrigeration products, water purifiers as next growth driver". The Economic Times. Retrieved 7 May 2019.
  4. "Bluestar aims to be USD 1 bn plus company in 5 years - Times of India". The Times of India. PTI. Retrieved 7 May 2019.
  5. Gupta, Pavan (1987). Corporate India 500: A Visual Survey. Business Press. p. 82.
  6. "Blue Star > Company History > Consumer Goods - White Goods > Company History of Blue Star". www.moneycontrol.com. Retrieved 7 May 2019.
  7. Vachani, Sushil (1991). Multinationals in India: Strategic Product Choices. Oxford & IBH Publishing Company. p. 148. ISBN 9788120405509.
  8. Business India. A. H. Advani. 2005. p. 48.
  9. Enlite. Light Publications. 1968. pp. 25–27.
  10. Bhuva, Rajiv. "Making cool hot again, or how Vir Advani is changing Blue Star". www.fortuneindia.com. Retrieved 7 May 2019.
  11. Pandit, Virendra. "Blue Star to set up new plant in S. India". The Hindu Business Line. Retrieved 7 May 2019.
  12. "Blue Star to set up new plant in Ahmedabad". The Economic Times. PTI. 23 December 2011. Retrieved 7 May 2019.
  13. "Blue Star to commission greenfield plant in Andhra Pradesh in three years". The New Indian Express. 27 March 2019. Retrieved 7 May 2019.
  14. "Blue Star Limited celebrates 75 years of operations". Mechanical Electrical Plumbing ME. 15 October 2018. Retrieved 7 May 2019.
  15. Chaki, Deborshi (26 December 2016). "Blue Star appoints KPMG to value West Asia, Malaysia units". Live Mint. Retrieved 7 May 2019.
  16. "Blue Star discloses expansion plans in the Middle East region". Mechanical Electrical Plumbing ME. 23 April 2019. Retrieved 7 May 2019.
  17. "Blue Star drops plan to merge subsidiaries". The Hindu Business Line. Retrieved 7 May 2019.

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