“We’re roughly 5 per cent of the global turnover right now. We are the fifth-largest company within the rankings of the country for Danfoss, and by the end of 2030, we will be the third-biggest market for Danfoss,” Ravichandran Purushothaman, President, Danfoss India, said in a media interaction in Chennai.
Danfoss total sales reached 9.4 billion euros in 2025.
“We have six factories in India with four Global Capability Centres (GCCs). And we are building the biggest factory in Pune now as well,” he said.
Purushothaman said Danfoss India has gone from about 0 per cent localization to almost 57-60 per cent now.
“Our ambition by 2030 is to reach 80 per cent localization. That is also why we are putting a lot of focus on India right now,” he said.
“India was built not as an alternative to China, but India was built as an alternative to basically strengthening India’s opportunities. We never started looking at that as a China plus one. We have a very good footprint in China, we have a very good footprint in India; both are expanding. And at the same time, we also have a very good footprint in Mexico, and Europe, of course, is our home market actually,” Purushothaman said.
He noted that one of the newest hotspots which the company played was data centres.
“Now, when you look at data centers, a data center is as good as thermal management, because you need to keep the data center cool, the right temperature for it to have no latency on your communication. It also has to be managed very well from a pressure perspective, and also in terms of flow of the coolant because we are cooling the chips as well. So it is one of the most, you know, greatest opportunities that is in front of us now,” Purushothaman said.
“We went from zero three years back to almost about 7 per cent growth in data centers actually. This will go up to about 10-11 per cent of our turnover this year,” he said.
“The second biggest opportunity we see is in the energy transition space, heat pumps. The International Energy Agency has predicted it as one of the important technologies for decarbonization,” Purushothaman said.
“The third area we are seeing growth is in marine. We have a very big opportunity both in electrification of the marine vessel, but also when a ship comes and docks in the port, we switch off the diesel on the ship and we provide solar energy to the vessel when the ship is loading and unloading,” he added.
“The next sector that we are quite bullish on is our cold chain sector,” Purushothaman said.
Danfoss, which makes converters for battery storage applications, is also bullish on the battery storage segment.
The company has invested Rs 1200 crore in the last six years in India and is looking to invest Rs 1,500 crore between now and 2030, Purushothaman said.
The investment will go into localization and other efforts.
“We are doubling our capacity in our compressor plant in Bengaluru,” Purushothaman said.
As a company, last year, we invested about 5.3 per cent in Research and Development and over 3 per cent on the digital side, he said.
On the West Asia conflict and its impact, Purushothaman said the company does not see much impact until about the first week of April on its supply chain.
However, he said there are challenges in terms of increasing freight rates for exports and availability of vessels where there are some delays.
Purushothaman said the cost escalation would be the biggest challenge in 2026 which might slow down demand in sectors like steel and cement.