The CEO highlighted India’s favourable demographics, abundant talent, and high skill levels as key advantages for the company’s growth in the region. “We are witnessing significant growth in sectors such as PCs, AI, and data centres that require advanced cooling solutions, alongside strong expansion in cloud infrastructure, hospitality, and healthcare,” Dev noted. The company also plans on exporting to the USA, Europe, and South African markets from India, with the goal of generating 20% of its revenues from these markets.
Data centre growth is driving 40% of Climaveneta’s orders, given the need for reliable cooling systems essential for preventing equipment failures. “Our largest single order, valued at over Rs 100 crore, comes from a data centre customer. Currently, we supply cooling solutions to at least 75% of the multinational data centres operating in India,” said the CEO.
With over 55% of its components being imported from Europe, Germany, and Italy, the company has been urging its suppliers to set up factories in India. “Most of our supply chain is Europe-centric, given the stringent quality standards. We would like to reduce our exports to half the percentage in the next five years,” Dev said.
With the new investment, the company will create approximately 500 jobs, with 300 already employed at the factory. The company produces 1,200 systems annually in a single shift.
