Support and Resistance Levels
Past performance
About Comrade Appliances Ltd Comrade Appliances Limited, originally established as a private entity in March 2017, transitioned to a public company in December 2022. The company specializes in manufacturing air coolers and electric geysers, operating under both Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) models. This dual approach allows them to produce devices based on customer designs for OEM, while ODM involves creating and marketing their own designs under client brands.
The company operates from a manufacturing facility in Palghar, Maharashtra, which supports a comprehensive range of services including global sourcing, component fabrication, assembly, and logistics. Comrade Appliances also expanded its capabilities by acquiring M/s. Troupe Technologies Private Limited in 2021, enhancing its plastic injection molding capacity. Comprising four key departments—Production, Molding, Administration, and Logistics—the company is poised for further growth with plans to issue up to 1,908,000 equity shares in a public offering.