Mumbai-based consumer appliances firm Atomberg Technologies has reached a significant milestone by surpassing the ₹1,000 crore mark in total income for the first time in FY25. This achievement highlights the company’s impressive growth trajectory. The IIT-founded enterprise reported an operating revenue of ₹958.4 crore for the year, a notable increase from ₹796.9 crore in FY24, showcasing a robust year-on-year growth of nearly 20 percent.
While Atomberg continues to operate at a loss, it has made substantial strides in narrowing its net losses. The company recorded a net loss of ₹117.4 crore in FY25, a marked improvement from the ₹199 crore loss reported in the previous financial year. This positive turnaround can be attributed to stringent cost management, particularly a significant reduction in employee-related expenses.
From Deep-Tech Origins to Consumer Appliances
Founded in 2012 by IIT Bombay graduates Manoj Meena and Sibabrata Das, Atomberg initially focused on developing advanced technology solutions for research and industrial applications. In 2015, the company strategically pivoted towards the consumer market by launching energy-efficient BLDC ceiling fans.
This shift allowed Atomberg to establish a unique presence in India’s competitive appliances market, which has long been dominated by established brands. By prioritising lower electricity consumption and integrating smart technology, the company quickly resonated with urban consumers.
Headquartered in Mumbai, Atomberg primarily built its brand through online platforms and digital-first marketing strategies before gradually expanding into offline retail channels.
Revenue Growth and Funding Journey
In FY25, Atomberg generated ₹958.4 crore from its core operations, with ceiling fans remaining the main source of revenue. Other appliance categories are still in their growth stages. The company does not earn service income; all operating revenue is derived from product sales.
Additionally, Atomberg reported non-operating income of ₹42.45 crore, mainly from interest and asset-related gains, bringing its total income for the year to ₹1,000.9 crore.
To support its growth, Atomberg has raised over $150 million since its inception. The largest funding round occurred in 2023, when it secured $86 million from investors such as Temasek, Steadview Capital, and A91 Partners. In December 2025, the company raised an additional $24 million in an extension round led by Temasek, with participation from the founders.
Cost Structure and Expense Trends
In FY25, raw materials constituted Atomberg’s largest expense, with the company spending ₹535.2 crore on materials, accounting for approximately 61 percent of total expenses, in line with increased production volumes.
A significant change was observed in employee expenses, which decreased sharply from ₹248.3 crore in FY24 to ₹158.6 crore in FY25. This nearly ₹90 crore reduction was instrumental in lowering overall losses, likely reflecting workforce rationalisation following aggressive hiring in previous years.
Marketing and advertising expenses rose to ₹104 crore as the company continued to invest in brand development and offline expansion. Warranty costs increased to ₹53.8 crore, while other operational expenses brought total costs to ₹1,118.3 crore.
Improving Margins and IPO Plans
Atomberg’s EBITDA margin improved to minus 6.62 percent in FY25, indicating enhanced operating efficiency, despite the company still being in the red. Current assets amounted to ₹594.5 crore, including ₹27.3 crore in cash, ensuring balance sheet stability.
Looking ahead, Atomberg plans to launch its IPO in the first quarter of FY26, aiming to raise around ₹2,000 crore. With a focus on improving financial discipline, strong brand recognition, and ongoing commitment to product innovation and distribution, the company is well-positioned for a successful transition to the public markets.
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