Daikin Industries, Ltd., from Japan, enters the Indian market in a JV with Usha Shriram Group at 80:20 stakes respectively as Daikin Shriram Airconditioning.
Daikin introduces VRV technology in India.
Daikin India becomes a wholly-owned subsidiary of Daikin Industries Ltd., Japan.
Daikin India relocates headquarter to Gurgaon and commences business of McQuay chillers in India.
Groundbreaking ceremony of Daikin India's manufacturing base at Neemrana, Rajasthan.
Production commences at manufacturing plant in Neemrana, Rajasthan.
Fresh round of `250 crore investment. Thus taking it to a total of` 743 crore.
Production of High Wall Split air-conditioners with R32 refrigerant commences.
Fresh round of `330 crore investment.
MoU signed with the Rajasthan Government for `600 crore investment.
Research and Development Centre opens at Neemrana, Rajasthan.
Second production facility opens at Neemrana, Rajasthan.