New Delhi, 22 October 2026: Novamax Technologies, India’s best-selling brand of air coolers has announced plans to generate ₹350 crore in revenue during fiscal year 2026-27, as it seeks to solidify its position in the market and diversify its offerings beyond air coolers. Novamax Technologies is planning to move into other product lines such as air conditioners and washing machines.
Novamax Technologies was founded in 2018 and has made its mark in the home appliance category due to its commitment to in-house manufacturing and distribution. The company has steadily expanded its operations to cater to the growing demand for cooling solutions across Indian markets.
As part of its growth strategy, Novamax is looking to diversify its product portfolio and strengthen its presence in the wider consumer durables market. This move into categories like air conditioners and washing machines will be a way to help the company reach out to new customers and satisfy their needs in relation to household requirements.
Novamax’s growth strategy is based on product innovation, production facilities and market expansion. Given the changing demands for home appliances, Novamax seeks to make use of its strong position in air coolers and explore other categories.
Commenting on the company’s growth plans, Harshit Aggarwal, Founder and CEO of Novamax Technologies, said, “Our focus is on building Novamax into a broader home appliances brand while strengthening the capabilities that have supported our growth so far. The ₹350 crore revenue target for FY 2026–27 reflects our ambition to scale the business, explore new product categories and reach more consumers. We believe that a strong focus on product development, operational efficiency and market expansion will be important as we enter the next phase of our journey.”
Novamax Technologies plans to continue building on its existing strengths while exploring opportunities across the home appliances market. Its focus on portfolio diversification and expanding its consumer reach is expected to play an important role in supporting its business ambitions in the coming years.
About Novamax Technologies
Established in the year 2018, Novamax Technologies is an Indian manufacturer of home appliances and the number one air cooler brand in India. Novamax is an Indian company that engages in the development, manufacturing, and distribution of products with the intention of expanding into other home appliances. Through its growth initiatives, Novamax aims to strengthen its position in India’s evolving consumer durables market.
