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CMP-632 Rs

Ingersoll Rand (India) (IR) a 100% debt free company is a 74% subsidiary of 148 years old the Ingersoll Rand Company USA which is the holding company of Ingersoll Rand India with its headquarters in Swords, Ireland. 

Ingersoll Rand India has a rich history in India with its establishment dating back to 1921 in India. The company manufactures wide range of products including Rotary; centrifugal and reciprocating air compressors and treatment products with comprehensive multi-year service agreements, audits, parts, and accessories and other industrial products and tools.

The company has its manufacturing locations in Naroda (Ahmedabad) plant and in Sahidabad plant. Ingersoll Rand (India) (IR) products are primarily sold to industries in automotive, metals, pharmaceutical and textile sectors. The growth in these sectors is fuelled by the increased demand in domestic consumption. In addition to the growth in these sectors, the Government is expected to make key investments in development of infrastructure which is likely to fiirdier the growth of the company. 

The company has also expressed its intention to get delisted. Open offer by the company was around 642Rs.

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Parent History

Ingersoll-Rand Inc. is a diversified industrial manufacturing company formed in 1905 by the merger of Ingersoll-Sergeant Drill Company and Rand Drill Company, rival companies that had each been founded in 1871.Ingersoll Rand USA is the 16th oldest company and the 12 oldest continuously listed company on the NYSE. Ingersoll Rand group is a global diversified firm providing products, services and solutions to enhance the quality and comfort of air in homes and buildings, transport and protect food and perishables, secure homes and commercial properties, and increase industrial productivity and efficiency. The group reported a S 14.2 B of revenues in CY 2017. It has a total of 867 facilities around the world, including 51 manufacturing facilities worldwide. Ingersoll Rand in India is based out of 22 locations. 

In October 2018, Ingersoll Rand received takeover interest in its power tools business, which was slated to be worth up to $750 million in a potential sale. Power Tools is the oldest business with least revenue, and the decision of whether to sell this unit or not has not been announced.


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