Atomberg Converts Into Public Company Ahead of IPO Preparations

Consumer appliances startup Atomberg has converted itself into a public company, a major step in its journey toward an initial public offering. Shareholders approved a special resolution to rename the parent entity from Atomberg Technologies Private Limited to Atomberg Technologies Limited, according to regulatory filings accessed by Entrackr.

As part of its IPO preparations, Atomberg has appointed Subhasis Chaudhuri, former Director of IIT Bombay; Suman Gopalan, former CHRO at Freshworks; and Anand Vora, former CFO of UPL, as independent directors. The appointments strengthen the company’s board ahead of the filing of its draft red herring prospectus.

Founded in 2012 by Manoj Meena and Sibabrata (Shibam) Das, Atomberg is known for BLDC motor-powered ceiling fans and has expanded into mixer grinders, smart locks, water purifiers, and other home appliances. In April 2026, Shibam Das was elevated as CEO, while Meena became Chairman and Managing Director and also leads Atomberg Innovation, the company’s engineering arm focused on motors, drives, and cooling technologies.

Atomberg is yet to file its FY26 financial statements. In FY25, the Mumbai-based company crossed Rs 1,000 crore in total income, while operating revenue rose 20% to Rs 958.4 crore from Rs 796.9 crore in FY24, and net loss narrowed 41% to Rs 117.4 crore. Entrackr also cited an Economic Times report stating that Atomberg’s engineering arm is in talks to raise Rs 150–200 crore led by General Catalyst at a valuation of Rs 1,500–1,700 crore, while the company is targeting a Rs 2,000 crore IPO with Avendus and IIFL Capital appointed as bankers.