Blue Star has achieved a significant landmark by completing 75 successful years of operations. To commemorate this historic milestone, the company rang the ‘Opening’ and ‘Closing’ bells at the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), respectively. Blue Star also released a special cover with a cancelled stamp issued by the Department of India Post to mark this momentous occasion.
Commenting on the Platinum Jubilee, Suneel M Advani, Chairman of the Board, Blue Star Limited adds, “We are proud to ring in 75 years of engineering excellence. We are witnessing a paradigm shift in consumer expectations and hence our credo: ‘I am Blue Star. I take pride in delivering a world-class customer experience.’ Over the years, Blue Star has sustained steady growth and profitability. We are confident that our business model which is as strong and robust as the products and services we offer, combined with the vigour and agility of our young leadership, will lead our way to our centennial.”
Founded during World War II on September 27, 1943 by Mohan T Advani as a three-member team repairing and reconditioning air conditioners and refrigerators, Blue Star has a strong foothold in international markets apart from domestic markets. It is well on its way to establishing itself in new lines of businesses such as water and air purifiers, air coolers, and engineering facility management. The company’s integrated business model of manufacturer, installer and after-sales service provider offers comprehensive solutions for the residential, commercial and infrastructure segments, which has proved to be a significant differentiator in the market place. The traditional central air conditioning business has successfully morphed into a fullfledged electro-mechanical turnkey solutions provider delivering superior project delivery. This leading B2B Company has in recent years acquired a B2C profile as well as Blue Star has become a name to reckon with in the residential segment with a range of consumer durables. With a turnover of over Rs 4600 crore, it has a network of 32 offices, five modern manufacturing facilities, over 2800 employees, and a robust channel management system comprising 3000 channel partners and 1000 retailers as well as 800 service associates reaching out to customers in over 800 towns. It exports to 19 countries across the Middle East, Africa, SAARC and ASEAN regions, where its products stand the test of time in some of the most difficult and extreme climatic conditions in the world.