FX Multitech Limited was incorporated on March 27, 2008 as FX Multitech Private Limited and converted into a public limited company on December 19, 2024, as per a certificate issued by the Central Processing Centre. The company is headquartered in Ahmedabad, Gujarat.
The company is engaged in the distribution and export of a broad portfolio of engineering products, primarily serving the refrigeration and HVAC (Heating, Ventilation, and Air Conditioning) industries. Its supplier base includes Danfoss Industries Private Limited, Transfer Oil S.P.A., Quang Thang Mechanics and Refrigeration Company Ltd, KuzuFlex Metal San Ve Tic. A.S., Testo India Pvt. Limited, Refco Manufacturing Limited, US HVAC & Weld Tools, and Honeywell Automation India Ltd., among others.
Over the years, FX Multitech has positioned itself as a partner for industrial and commercial customers across the refrigeration and HVAC value chain. The company operates within the HVAC and industrial refrigeration segment, which it characterizes as increasingly important to modern supply chains, supporting areas such as food security, pharma integrity, chemical processing, and retail logistics. It has established domestic reach through warehouses in Hyderabad, Thane, Kolkata, and Bangalore.
For capital markets activity, the company has filed a Draft Red Herring Prospectus with SEBI and plans an IPO of 39,00,000 equity shares (face value Rs 10 each), consisting of a fresh issue of 35,52,000 shares and an offer for sale of 3,48,000 shares.
