Mitsubishi Group Co. Climaveneta Invests Rs 400 Cr In Bengaluru Facility

A Group company of Japanese multinational Mitsubishi Electric, the Bangalore-headquartered Climaveneta Climate Technologies, is investing over INR 400 crore in the state-of-the-art plant at Narsapura, Kolar district, a key industrial hub located around 50 kms from Bengaluru. Climaveneta is a leading manufacturer of high efficiency cooling equipment, and precision as well as data center cooling systems. Presently having an order booking of over INR 500 Cr, the company is targeting to double the annual order intake in next 5 Years.

Climaveneta Climate Technologies (CCT), India’s fastest growing chiller producer and market leader in Co-location DC Chillers in India, will also be a major export hub in cooling systems for nearby regions. The state-of-the-art plant will manufacture central air-conditioning equipment such as Screw Chillers, Magnetic Levitation Technology Chillers, Scroll Chillers, Conventional Centrifugal Chillers, High Precision AC units, Heat Pumps, for HVAC application. CCT Serves major clients all over India, that include leading global DC Companies, Multinational Hotel Chains, Health Care establishments, Malls, Multiplexes, Commercial Projects of Leading Developers, Corporate Groups and Industrial applications. 

Climaveneta India is building on the high demand and growth story of the data center markets in India. This market is concentrated largely in West India (Navi Mumbai), followed by Chennai, Bengaluru, Hyderabad, Pune and Kolkata. The company is also a leader in providing other highly efficient HVAC products and solutions and has to their credit several innovations introduced by them in India.

HVAC equipment accounts for a significant portion of a facility or a building’s energy consumption and operating costs. HVAC monitoring & diagnostic systems can help to lower these expenditures by continuously monitoring the environmental conditions, health and operating efficiency of the plant, providing automatic alerts in case of deficiency in performance. They also help to minimise breakdowns.

Apart from Climaveneta India, the Mitsubishi Electric Group already has two more of its companies in Karnataka region – Mitsubishi Elevator India Private Limited (IMEC) and Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC), a 50-50 joint venture between Japan’s Toshiba Corporation and Mitsubishi Electric Corporation, which manufacture Elevators, Escalators & UPS Solutions, respectively.