Blue Star (company)

2021-06-14T04:57:33Z

2405:204:A312:8CCF:0:0:5B0:C8A1:

{{short description|Indian multinational electronics company}}
{{Infobox company
| name = Blue Star Limited
| logo = [[File:Blue Star primary logo.png|frameless]]
| type = [[Public company|Public]]
| traded_as = {{BSE|500067}}<br>{{NSE|BLUESTARCO}}<ref name="About Blue Star">{{cite web |title=Blue Star Registered Address Contact Details, Blue Star Management |url=https://www.moneycontrol.com/company-facts/bluestar/management/BS#BS |website=www.moneycontrol.com |accessdate=4 May 2019}}</ref>
| predecessor =
| founder =
| area_served = Worldwide
| key_people = Shailesh Haribhakti<br>{{small|(Chairman)}}; Swamiyude<br>{{small|(Vice Chairman & MD)}}; B Tmohanlaln<br>{{small|(MD)}}<ref name="About Blue Star" />
| industry = {{plainlist|
*[[Home appliance]]s
*[[Consumer electronic]]s}}
| products = {{plainlist|
*[[Air Conditioner]]s
*[[Cooler|Air Cooler]]s
*[[Refrigerator]]s
*[[Washing machine]]s
*[[Freezer|Cold storage]]
*[[Microwave oven|Microwave]]s
*[[Air purifier]]s
*[[Water dispenser]]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>
| operating_income = {{increase}} {{INRConvert|235|c}} (2020)<ref name="Financials"/>
| net_income = {{increase}} {{INRConvert|140|c}} (2020)<ref name="Financials"/>
| assets = {{increase}} {{INRConvert|3439|c}} (2020)<ref name="Financials"/>
| equity = {{increase}} {{INRConvert|763|c}} (2020)<ref name="Financials"/>
| num_employees = 2,800+ (2020)<ref name="Financials"/>
| owner =
| subsid =
| foundation =
| location_city = [[Mumbai]], [[Maharashtra]]
| location_country = India
| homepage = {{URL|www.bluestarindia.com}}
}}

'''Blue Star Limited''' is an [[India|Indian]] [[Multinational corporation|multinational]] [[electronics]] [[company]] specialising in designing, developing, manufacturing and marketing a wide variety of products in the [[air conditioning]] and [[Heating, ventilation, and air conditioning|commercial refrigeration]] industry and is headquartered in [[Mumbai]], [[India]]. 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 |accessdate=7 May 2019 |work=The Economic Times |date=22 March 2018}}</ref>

== 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 |accessdate=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 [[Dubai]]. It went public in 1969 with an [[initial public offering]], listing on the [[Bombay Stock Exchange]].<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 |accessdate=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 [[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 [[facility management|engineering facility management]] (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 |accessdate=7 May 2019 |work=www.fortuneindia.com |language=en}}</ref>

==Manufacturing and operations==

Blue Star has four manufacturing plants, which are located in [[Dadra and Nagar Haveli|Dadra]], [[Kala Amb]], [[Vada, Palghar|Wada]], and [[Ahmedabad]].<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 |accessdate=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 |accessdate=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 [[Sri City]].<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 |accessdate=7 May 2019 |work=The New Indian Express |date=27 March 2019}}</ref>

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.<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 |accessdate=7 May 2019 |work=Mechanical Electrical Plumbing ME |date=15 October 2018 |language=en}}</ref> The company has subsidiaries in [[United Arab Emirates|UAE]], [[Qatar]] and [[India]]. The company serves the [[Middle East]] 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 |accessdate=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 |accessdate=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 |accessdate=7 May 2019 |work=The Hindu Business Line |language=en}}</ref>

==References==
{{reflist|2}}

==External links==
* {{official|https://www.bluestarindia.com/}}

{{Electronics industry in India}}
[[Category:Companies based in Mumbai]]
[[Category:Engineering companies of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Indian brands]]
[[Category:Indian companies established in 1943]]

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Blue Star (company)