Atomberg Technologies has converted into a public limited company and revamped its board with independent directors as it readies a stock market debut. The Mumbai-based consumer appliance maker, known for energy-efficient BLDC fans, is also reshaping its operations and leadership while reporting improved financial performance and scaling its omnichannel footprint.
Board expanded; public listing strategy gathers pace
The company has transitioned from a private entity to Atomberg Technologies Limited and inducted three independent directors to bolster governance ahead of listing: former IIT Bombay Director Subhasis Chaudhuri, former Freshworks Chief Human Resources Officer Suman Gopalan, and former UPL Chief Financial Officer Anand Vora.
Atomberg is targeting an IPO in the January–March window, aiming to raise over ₹2,000 crore via a combination of fresh issuance and an Offer for Sale. Avendus Capital and IIFL Capital are lead bankers, with a third advisor likely to join. Post-issue valuation is being pegged at around ₹20,000 crore, according to people aware of the matter.
In parallel, a ₹40 crore secondary transaction is underway to provide partial liquidity to founders, early investors, and former employees, and to streamline the cap table before the listing.
Revenue crosses ₹1,000 crore; losses narrow
For FY25, Atomberg’s total income surpassed ₹1,000 crore, including ₹958.4 crore from operations. Net loss narrowed by about 41% to ₹117.4 crore, aided by lower employee-related expenses. Raw materials remained the largest cost head, followed by advertising and warranty outlays.
The company reported an improvement in EBITDA margin, signalling operating leverage as scale builds. Sales are driven by an omnichannel model: approximately 70% from offline retail through a network exceeding 30,000 stores nationwide, and around 30% from its website, leading e-commerce platforms, and quick-commerce channels.
Product portfolio and technology focus
Founded in 2012 by IIT Bombay alumni Manoj Meena and Sibabrata Das as a BLDC motor technology supplier, Atomberg entered the consumer market in 2016 with BLDC ceiling fans that significantly cut power consumption. The brand has since diversified into mixer grinders, juicers, smart locks, and water purifiers. Its Intellon purifier leverages adaptive control to reduce water wastage while retaining essential minerals—aligning with demand for smart, efficient home solutions.
Leadership realignment and business split
To accelerate growth, Atomberg has created two distinct verticals. Co-founder Sibabrata Das is now CEO of the consumer appliances business, overseeing fans, kitchen appliances, and smart home products. Co-founder Manoj Meena becomes Chairman and Managing Director of Atomberg Innovation, the engineering arm focused on motors, controllers, and compressors for applications including air conditioners, refrigerators, and washing machines, alongside select industrial and defence projects.
The engineering unit has commissioned a large Pune facility under the government’s Production-Linked Incentive scheme and unveiled an indigenous AC rotary compressor—supporting domestic manufacturing and import substitution priorities.
Capital plan for engineering vertical
Atomberg is carving out the engineering business and plans to raise ₹150–200 crore for the standalone entity, which is being valued in the ₹1,500–1,700 crore range. While currently a small revenue contributor, management expects the vertical to become a key growth engine as the company deepens its components and systems capabilities.
With strengthened governance, a sharper operating structure, and expanding smart appliance and engineering portfolios, Atomberg is positioning itself to tap public markets and capitalise on India’s growing demand for energy-efficient, connected home technologies.
