By Meghna Sharma Bluestar Limited is an Indian multinational company, headquartered in Mumbai, Maharashtra, India. It specialises in air-conditioning, commercial refrigeration and mechanical/electrical/plumbing or MEP services. Bluestar manufactures and sells a number of products, including air conditioners, deep freezers, water coolers, medical refrigerators, commercial kitchen equipment, air purifiers and water purifiers. Its MEP services for commercial buildings include HVAC, plumbing, electrical and firefighting projects. The company also offers high-tech solutions like data communication systems and testing machines.
| Details | Info |
| Founded | 1943 |
| Founder | Mohan T Advani |
| Headquarters | Mumbai, Maharashtra, India |
| CEO | Vir S Advani |
| Sector | Appliances, MEP |
Company History
Bluestar was founded in the year 1943 as reconditioning company. It began importing and distributing air conditioning and refrigeration equipment in the year 1946. The company was incorporated as Blue Star Engineering Company Private Limited in the year 1949. Bluestar ventured into manufacturing by producing air conditioning and refrigeration units in the 1960s. It was listed on the Bombay Stock Exchange as Bluestar Limited in the year 1969.
Bluestar diversified into MEP services in the 1980s. In the 1990s, the company expanded its product portfolio to include air conditioners, water coolers and deep freezers for residential and commercial applications.
Bluestar is currently India’s second largest home grown player in the air conditioning segment. The company currently operates four manufacturing facilities, located in Ahmedabad, Wada, Kala Amb and Dadra, with a fifth facility under construction in Sri City, Andhra Pradesh.
Origin Country
Bluestar has its origins in India and is a completely Indian brand. Its manufacturing base is also in India. Apart from India, the company sells its products in 18 countries across Middle East, Africa, SAARC and ASEAN regions. Bluestar has joint ventures and subsidiaries in Qatar, Malaysia and Oman.
Market Cap
Market capitalisation of Bluestar Limited, as of October 2025, is INR 404.19 billion. Its current stock price stands at INR 1966.