Blue Star Ltd
NSE: BLUESTARCO BSE: 500067
₹1555
-17.50 (1.11%)
Thu, 05 Nov 2026, 07:03 am
Market Cap (in Cr)32281.52
PE Ratio59.85
Dividend0.54
Producer Manufacturing
Industrial Machinery
24.5KBlue Star Ltd Company History
1949
- Incorporated on 20 January in Mumbai.
1953
- Calcutta, Chennai companies and Blue Star Industries Mumbai became wholly owned subsidiaries.
1969
- Amalgamated subsidiaries; converted to public limited company.
- Pre-public issue capital: 5,000 pref Rs 100, 366,000 equity Rs 10; 1,400 equity without cash, 101,000 bonus.
1970
- Offered 114,500 rights equity shares at par 1:4 in November; allotted early 1971.
1974
- Converted 425 preference shares to 4,250 equity shares in October.
1975
- Issued 213,525 bonus equity shares 3:10 in November.
1976
- Established JV in Dubai for central AC and refrigeration.
1979
- Issued 462,637 bonus equity shares 1:2.
1980
- Set up and inaugurated unit at Bharuch, Gujarat on 8 December.
1981
- Issued 50,000 redeemable rights debentures of Rs 100 each.
1983
- Technical collaboration with York for centrifugal chillers and AHUs.
1984
- Expanded Thane plant for chillers, walk-in coolers, AHUs.
1985
- Privately placed Rs 4 crore 15% NCDs with UTI, LIC, GIC.
1986
- Installed machinery for centrifugal chillers.
- Sought license for computers with Hewlett-Packard.
- Received LOI for EPABX with Jeumont-Schneider; planned instruments.
- Set up JV Yokogawa Keonics Ltd.
- Issued 1,332,395 bonus shares 3:5.
1987
- Signed agreement with York for semi-hermetic chillers (30-230 TR) at Thane.
1989
- Introduced reciprocating compressors with York.
- Launched packaged ACs, AHUs, water coolers.
- Privately placed Rs 5 crore 14% NCDs.
1990
- Introduced split ACs and key telephone systems.
1991
- Introduced refrigerators, room/split ACs, mini water coolers, mortuary chambers.
- Started absorption chillers with Mitsubishi at Thane.
- Rationalized EPABX and key telephone systems.
- Issued 3,553,054 bonus shares 1:1.
1992
- Issued 2,842,443 rights shares (Rs 25 premium, 2:5) in May 1993.
- Redeemed 9,075 preference shares on 15 June 1993.
1993
- Acquired USIN International USA as wholly owned subsidiary.
1994
- Entered joint venture in Malaysia.
- Allotted 100,000 equity shares to employees under stock option.
1995
- Proposed AC plant at Dadra with Rheem.
- Issued 3.5 million shares to promoters at Rs 47 premium; 135 million bonus shares 1:1.
1997
- Technology tie-ups with Kolpak, Climatrol; ongoing with Mitsubishi, York.
- Agreement with Baan for ERP; set up ERP division.
- Commissioned Dadra AC plant with Rheem.
- Inaugurated software development centre in Bangalore.
- Announced voluntary retirement scheme.
- Explored exit from Yokogawa JV.
1998
- USIN International became wholly owned subsidiary.
- Set up ancillary units at Billimora and Noida.
- Entered collaboration with Kolpak for PUF panels.
- Set up training centres at Thane and Chennai.
- Won NTPC Talcher renovation project.
- Brand changed to Blue Star York.
- Incorporated Blue Star Infotech UK Ltd.
1999
- Signed technology transfer with York for new AC equipment at Thane.
- Introduced packaged ACs with Copeland Scroll compressors.
- Strategic alliance with Racal Datacom UK.
2000
- Became distributor for Juniper Networks routers in India.
- Entered manufacturing license with Thermal Engineering Systems UK for Humidicoil systems.
2001
- Launched turbo rotary room ACs.
2002
- Shareholders approved equity buyback.
- Declared interim dividend Rs 5.50 per share.
- Uday S Kotak resigned from Board.
- Launched revolutionary central and packaged AC system.
2003
- Appointed Pradeep Mallick, Gurdip Singh, Nawshir H Mirza as directors.
- Elevated Satish Jamdar to Executive Director.
- Closed buyback scheme on Feb 3.
- Outsourced logistics to AFL Logistics.
2004
- Signed alliance with Hanbell for compressors.
- Launched Tandem Scroll Chillers, Special Application Chillers, Telecom AC systems.
- Won Rs 12 crore order for Microsoft R&D AC in Hyderabad.
- Launched mega split ACs for commercial market.
2005
- Partnered with FCE.
- Set up factory at Kala Amb, Himachal Pradesh.
2006
- Tied up with ISA Italy for supermarket refrigeration.
- Implemented 5:1 stock split; face value from Rs 10 to Rs 2.
- Launched UVC emitters for indoor air quality.
2007
- Set up fifth factory at Wada, Thane.
- Partnered with Arctic India for air management.
2008
- Planned acquisition of Naseer Electricals.
- Won Rs 104 crore order from DMRC for 7 metro stations.
- Launched star-rated split ACs.
2009
- Launched cooling solution for seed storage.
- Promoted LEED consultancy for green buildings.
- Won Raipur airport airconditioning order.
2010
- Appointed Vir S. Advani as Whole-time Director effective July 1.
2011
- Entered residential AC market.
- Launched new inverter split ACs.
- Entered Kerala with split ACs.
- Won Rs 84 crore order from Bangalore Metro Rail.
2012
- Proposed Rs 1 dividend per share (50%).
2013
- Appointed B. Thiagarajan as Whole-time Director.
- Recommended Rs 2 dividend plus Rs 1 special dividend for founder's birth centenary.
2014
- Recommended Rs 4 dividend per share.
- Collaborated with Eureka Forbes for water coolers with Aquaguard purifiers.
- Executed AC and plumbing for CSIA Terminal 2 Mumbai.
2015
- Launched next-generation 100% inverter VRF AC system made in India.
2016
- Signed deal with Jumbo Engineering in UAE.
- Launched inverter room ACs with anti-corrosive copper condensers for Maldives.
- Launched largest range of star-rated inverter ACs targeting 12% market share.
2017
- Launched split and inverter ACs setting industry benchmark.
- Signed distributor agreement with OMASCO for AC products.
- Expanded water purifiers range targeting 100 towns.
2018
- Launched 100 new ACs including 40 energy-efficient inverter splits.
- Won EFM orders from airport and metro segments.
- Blue Star Engineering & Electronics won order for 28 CT scanners from UP Medical Services.
2019
- Launched 75 new AC models for 75th anniversary including inverter ACs with 30% extra cooling.
- Inaugurated new office and showroom in Dubai.
- Launched 34 new water purifier models with RO, UV technologies.
- Won Rs 253 crore AC and tunnel ventilation order from Mumbai Metro.
2020
- Won Golden Peacock Award for Corporate Ethics (2019).
- Launched premium-yet-affordable residential ACs.
- Won Rs 149 crore order for electrical and mechanical works.
- Won Best Governed Company award for Corporate Governance.
2021
- Subsidiary commenced construction of new manufacturing facility at Sri City.
- Launched comprehensive range of affordable ACs.
2022
- Inaugurated Customer Experience Centre for NDT systems at Thane.
- Won Golden Peacock Award for Excellence in Corporate Governance.
- Launched new range of deep freezers.
- Inaugurated Medical Diagnostic Equipment Refurbishment Facility at Bhiwandi.
2023
- Issued bonus shares in 1:1 ratio.
- Launched new range of room ACs.
- Blue Star Climatech commenced commercial production at Sri City plant.
- Launched new range of deep freezers from Wada factory.
- Entered railway electrification; won Rs 575 crore orders from West Central Railway, CORE, Metro Railway Kolkata.
- Blue Star Industrial Solutions partnered with Gebhardt Intralogistics for warehouse automation.
2024
- Launched new range of energy-efficient deep freezers (60-600 litres).
- Launched over 100 affordable and premium room AC models.
