Comrade Appliances Ltd Share Price

The company was originally incorporated as Comrade Appliances Private Limited on March 22, 2017 vide certificate of incorporation bearing CIN U74999MH2017PTC292817 as a Private Limited Company under the provisions of the Companies Act, 2013 issued by Registrar of Companies, Central Registration Centre. Subsequently, pursuant to a Special Resolution of its Shareholders passed at the Extra-Ordinary General Meeting held on November 10, 2022, the company was converted from a Private Limited Company to Public Limited Company and consequently, the name of The company was changed to ‘Comrade Appliances Limited’ and a Fresh Certificate of Incorporation consequent to Conversion was issued on December 13, 2022 by the Registrar of Companies, Mumbai.

Comrade Appliances is engaged in the process of manufacturing an extensive array of Air Coolers and Electric Geysers. It manufactures consumer durable goods and assemble a wide array of products and provide end-to-end product solutions. It serves under both original equipment manufacturer (OEM) and original design manufacturer (ODM) business models. Under the OEM model, it manufacture and supply products basis designs developed by its customers, who then further distribute these products under their own brands. Under the ODM model, in addition to manufacturing, it conceptualize and design the products which are then marketed to its customers’ prospective customers under their brands. It offers innovative solutions to its customers, which include leading international and national consumer brands. Its comprehensive solution suite includes global sourcing, fabrication of components and parts, captive manufacturing and assembly, quality testing, packaging and logistics support, which enables it to partner with leading consumer goods brands in India. Its key customers include leading brands in consumer durables. It manufactures and sale its products under the brand name of ‘Comrade’.

It has a manufacturing facility located at Palghar, which are strategically located in and around Mumbai (Maharashtra). Its modern and state-of-art manufacturing facilities are equipped with high quality machinery, assembly lines that enable it to meet the quality requirements of its customers in a timely manner. In line with its focus to provide end to-end product solutions and to develop better control on its supply chain and improve its margins.

Business area of the company

The company is engaged in the process of manufacturing an extensive array of Air Coolers and Electric Geysers.

Products of the company 

• Air cooler-Tower series
• Air cooler-Personal series
• Electric geysers

History and milestones

• 2017: Incorporation of the company in the name and style of ‘Comrade Appliances Private Limited’.
• 2021: The company took over the business of its sister concern company M/s Troupe Technologies Private Limited (TTPL) on slump sale basis.
• 2021: The company was issued ISO 9001:2015 Certificate for Quality Management System.
• 2022: Conversion of the company from Private Limited Company to Public Limited Company and Change of name of Company to Comrade Appliances Limited.