Voltas Limited is an Indian
multinational home appliances
A home appliance, also referred to as a domestic appliance, an electric appliance or a household appliance, is a machine which assists in household functions such as cooking, cleaning and food preservation.
The domestic application attached to ...
company, headquartered in
Mumbai
Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...
. It designs, develops, manufactures and sells products including
air conditioners,
air coolers,
refrigerator
A refrigerator, commonly shortened to fridge, is a commercial and home appliance consisting of a thermal insulation, thermally insulated compartment and a heat pump (mechanical, electronic or chemical) that transfers heat from its inside to ...
s,
washing machine
A washing machine (laundry machine, clothes washer, washer, or simply wash) is a machine designed to laundry, launder clothing. The term is mostly applied to machines that use water. Other ways of doing laundry include dry cleaning (which uses ...
s,
dishwasher
A dishwasher is a machine that is used to clean dishware, cookware, and cutlery automatically. Unlike dishwashing, manual dishwashing, which relies on physical scrubbing to remove soiling, the mechanical dishwasher cleans by spraying hot wat ...
s,
microwave
Microwave is a form of electromagnetic radiation with wavelengths shorter than other radio waves but longer than infrared waves. Its wavelength ranges from about one meter to one millimeter, corresponding to frequency, frequencies between 300&n ...
s,
air purifiers,
water dispensers. Voltas is India's largest air conditioning company by market share.
The company was incorporated on 6 September 1954 in Mumbai, as a collaboration between
Tata Sons and
Volkart Brothers. The company is currently chaired by
Noel Tata and Pradeep Bakshi is the company's current
chief executive officer
A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization.
CEOs find roles in variou ...
and
managing director
A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization.
CEOs find roles in variou ...
.
Operations
The company is broadly structured into projects and products business. The projects business is divided into Domestic Projects Group and International Operations Business Group. Meanwhile, the products business is classified into Unitary Products Business Group, Mining & Construction Equipment Division, and Textile Machinery Division.
The Unitary Products business group manufacture products in categories including air conditioners, air coolers, commercial refrigerators, water coolers, and water dispensers. Voltas is the largest
air conditioning
Air conditioning, often abbreviated as A/C (US) or air con (UK), is the process of removing heat from an enclosed space to achieve a more comfortable interior temperature, and in some cases, also controlling the humidity of internal air. Air c ...
brand in India. It started manufacturing air conditioners in the 1960s under license from the
Carrier Corporation
Carrier Global Corporation is an American multinational heating, ventilation, and air conditioning (HVAC), refrigeration, and fire and security equipment corporation based in Palm Beach Gardens, Florida. Carrier was founded in 1915 as an indep ...
. Voltas produced India's first window air conditioner with DC-inverter-based variable-speed motors. DC Inverter Technology is an innovative technology that provides superior cooling while reducing the frequency of turning the compressor on and off. This helps in reducing the power consumption to a greater extent. Voltas also has a large network of repair centers. The firm is also a major producer of evaporative coolers, which are widely used for comfort cooling in arid and semi-arid climates.
Voltas has a partnership for compressor with Elgi Equipments, a compressor manufacturing firm.
Voltas has also entered into a joint venture with Turkey-based Ardutch (a subsidiary of
Arçelik, part of the
Koç Group making the
Beko brand of home appliances). It began producing refrigerators, air conditioners, washing machines and kitchen appliances under the name of
Voltas Beko.
Voltas has completed many international projects, including air conditioning in the world's tallest building, the
Burj Khalifa
The Burj Khalifa (known as the Burj Dubai prior to its inauguration) is a megatall skyscraper in Dubai, United Arab Emirates. With a total height of 829.8 m (2,722 ft, or just over half a mile) and a roof height (excluding the antenna, but inc ...
,
in the once largest ocean liner, ,
Palace of Sultanate of Oman,
Bahrain City Centre Mall,
Ferrari World Theme Park in Abu Dhabi,
Sidra Medical and Research Centre in Qatar,
Villaggio Mall in Qatar and
Dubai's Mall of Emirates.
Voltas Beko
Voltbek Home Appliances, doing business as Voltas Beko is a 50:50
joint venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...
between India's Voltas and Turkish electronic manufacturer
Beko. The joint venture was formed in 2017 to cater to the Indian home appliances market.
References
External links
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Tata Group
Engineering companies of India
Manufacturing companies based in Mumbai
Manufacturing companies established in 1954
Heating, ventilation, and air conditioning companies
Indian brands
1954 establishments in Bombay State
Indian companies established in 1954
Companies listed on the National Stock Exchange of India
Companies listed on the Bombay Stock Exchange
Home appliance manufacturers of India