Rank #3009
Achal Bakeri
Net worth $1.0B
air coolers · India
- Born
- Jan 09, 1960
- Age
- 66
- Source
- air coolers
- Residence
- Ahmedabad
- Citizenship
- India
- Marital status
- Married
- Children
- 2
- Education
- Master of Business Administration, Marshall School of Business
Net worth over time
Biography
- Property developer's son Achal Bakeri branched out into manufacturing in 1988 by borrowing $1,500 from his father.
- Today his Bombay Stock Exchange-listed Symphony is the world's biggest producer of air coolers selling 1.2 million units annually in 60 countries.
- Symphony also owns Munters Keruilai, a Swedish-Chinese joint venture, which gives it a foothold in China and the Asean region.
- In 2018, Symphony expanded its international footprint with the acquisition of Climate Technologies, an Australian air cooling firm.
- Symphony air coolers are used in such places as the walkways at Heathrow airport, Wal-Mart stores and temples in India.
- Bakeri's assets include a share in the family's real estate holdings in and around Ahmedabad city.
Financial assets
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