Fedders Electric Group is a US$ 500 million group in India. The group is recognized as the pioneer and well established name in the field of Air Conditioning in India. The Group consists of many companies with diversified portfolios with active involvement in many business ventures consisting of manufacturing in Air Conditioning Industry, Chillers, Manufacturing of Heat Exchange and Radiators, Sheet Metal Fabrication, Scaffolding and Formwork, Structural Steel Fabrication, Pre-engineered Buildings (PEB), Cable and Storage Management, Vehicle Variants like Load Bodies, Water Bourses, Petrol Tankers and Light Recovery Equipment etc. Besides, it also has active stakes in the fields of Information Technology (IT) and Development of Housing and Commercial projects. Global in vision and rooted in Indian values, the Group is driven by a performance ethic pegged on value creation for its stakeholders. The Group’s products and services offer distinctive customer solutions. Its state-of-art manufacturing units and sectored services span throughout India. The group consists of Fedders Electric & Engineering Limited and LEEL Electricals Limited as its flagship companies and Perfect Radiators & Oil Coolers Private Limited, PSL Engineering Private Limited, Airserco Pvt. Ltd., Regal Infotech Pvt. Ltd. and Fedders Infotech Pvt. Ltd. are the other key companies. Incorporated in the year 1957, Fedders Electric & Engineering Limited (Fedders Electric) was setup to fulfill the conceptual demand and future business prospects for climate control equipment, especially in the field of Air Conditioners, in India. Fedders Electric, promoted by Punj Family, started the trading business of AC Units and subsequently commenced the manufacturing of AC Units in India.