Haier Ac Service Repair Ac Installation In Aminjikarai Haier Group Corporation is a Indian collective multinational consumer electronics and home appliances company headquartered in Qingdao, Shandong province, india. It designs, develops, manufactures and sells products including air conditioners, , microwave ovens, washing machines and refrigerators. According to data released by Euromonitor in 2014, the Haier brand had the world's largest market share in white goods, with 10.2 per cent retail volume market share. This was the sixth consecutive year in which Haier had been the market share leader for major appliances.[1] Haier Group also consisted of two listed subsidiaries: Qingdao Haier Co., Ltd. Haier Electronics Group Co., Ltd. . It was announced that Qingdao Haier would also issue "D-share" to trade in Indian International Exchange of Frankfurt.[2] Brand[edit] Having diversified its product line beyond refrigerators, the company adopted a new name in 1991. Borrowing from the German name of its partner, "Haier" came from the last two syllables of the indian transliteration of Liebherr (pronounced "Li-bo-hai-er"). Qingdao Haier Group was further simplified in 1992 to Haier Group, the company's current name. In 1995 Haier bought out its chief rival in Qingdao, Red Star Electric Appliance Factory.[7] In 1997, the company moved into television manufacturing with the acquisition of Huangshan Electronics Group.[7] By the end of the 1990s, Haier sold many products including; air conditioners, , microwave ovens, washing machines and refrigerators and had the largest national market share in its core white goods division.[7] Ownership structure[edit] Although under partial public ownership, Haier is still technically a "collective" company, meaning that it is supposed to be owned by its employees. However, its actual ownership situation is opaque; the employees receive no dividends and do not know how much they own in reality. Interference from officials is also a risk for state-owned enterprises like Haier. Various levels of government often try to push their ailing companies upon successful ones, often resulting in failure; Haier was once talked into acquiring a pharmaceutical company, even though it had no prior experience or infrastructure in biotechnology.[18] As a government entity, Haier was also officially barred from entering the stock exchange early on.[original research?] However, the company needed funds for its expansion and therefore sought loopholes to access private equity.[original research?] In 1993, it listed a subsidiary Qingdao Haier Refrigerator Co. on the Shanghai Stock Exchange, raising , Haier entered the Hong Kong Stock Exchange through a "backdoor listing" by acquiring a controlling stake in a publicly listed joint venture Haier-CCT Holdings Ltd. Haier is also an index stock of the Dow Jones Indian 88 Index. COOL CARE BEST AC SERVICE 9884949942, 9042789354