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| num_employees = 8,800+ (2020)<ref name="Financials"/> | | num_employees = 8,800+ (2020)<ref name="Financials"/> | ||
| parent = [[Tata Group]] | | parent = [[Tata Group]] | ||
| location_country = | | location_country = India | ||
| homepage = {{url|https://www.voltas.com/}} | | homepage = {{url|https://www.voltas.com/}} | ||
}} | }} | ||
'''Voltas Limited | '''Voltas Limited''' is an Indian [[Multinational corporation|multinational]] [[home appliance]]s company specialising in [[air conditioning]] and [[Cooling|cooling technology]]. The company was incorporated on 6 September 1954 in Mumbai, as a collaboration between [[Tata Sons]] and Volkart Brothers. The Chairman of the company is [[Noel Tata]]<ref name=":0">{{Cite news|url=https://economictimes.indiatimes.com/industry/cons-products/durables/voltas-appoints-noel-tata-aschairman-from-september/articleshow/59884005.cms|title=Voltas appoints Noel Tata as chairman from September|last=Mukherjee|first=Writankar|date=2 August 2017|work=The Economic Times|access-date=23 January 2018}}</ref> and the Managing Director and Chief Executive Officer of the company is Pradeep Bakshi.<ref name=":1">{{Cite news|url=https://economictimes.indiatimes.com/industry/cons-products/durables/voltas-elevates-pradeepbakshi-as-md-and-ceo/articleshow/61104941.cms|title=Voltas elevates Pradeep Bakshi as MD and CEO|last=Mukherjee|first=Writankar|date=16 October 2017|work=The Economic Times|access-date=23 January 2018}}</ref> Its shares are traded on the [[Bombay Stock Exchange]] under symbol 500575. | ||
==Operations== | |||
The company is broadly structured into projects and products business. The projects business is divided into Domestic Projects Group (DPG) and International Operations Business Group (IOBG). Meanwhile, the products business is classified into Unitary Products Business Group (UPBG), Mining & Construction Equipment Division (MCED), and Textile Machinery Division (TMD). | |||
The Unitary Products business group manufacture products in categories including air conditioners, air coolers,<ref>{{Citation|last=5|first=May|title=Voltas forays into air coolers to reach larger masses {{!}} The Economic Times Video {{!}} ET Now|url=https://economictimes.indiatimes.com/et-now/corporate/voltas-forays-into-air-coolers-to-reach-larger-masses/videoshow/47160437.cms|last2=2015|last3=Ist|first3=02 26 Pm|access-date=23 January 2018}}</ref> commercial refrigerators, water coolers and water dispensers. Voltas<ref>{{Cite web|url=https://brandequity.economictimes.indiatimes.com/news/marketing/brand-wars-korean-ac-brandsfeel-the-heat/59860784|title=Brand wars: Korean AC companies feel the heat - ET BrandEquity|last=www.ETBrandEquity.com|website=ETBrandEquity.com|language=en|access-date=23 January 2018}}</ref> is the largest air-conditioning brand in India. Voltas produced India's first window air conditioner with DC-inverter-based variable-speed motors.<ref>{{Cite web|url=http://www.voltas.com/news/spotlight/Voltas_launches_India%E2%80%99s_first_Window_AC_with_Inverter_Technology.asp|title=Voltas launches India's first Window AC with Inverter Technology|website=www.voltas.com|access-date=22 February 2018}}</ref> 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.<ref>{{Cite web|url=https://bestac.in/best-ac-india/|title=12 Best Air Conditioners in India 2021 – Buyer’s Guide & Reviews|website=www.bestac.in|access-date=17 April 2021}}</ref>Voltas also has a large network of repair centres. The firm is also a major producer of evaporative coolers,<ref>{{Cite web|url=http://equitybulls.com/admin/news2006/news_det.asp?id=224460|title=VOLTAS fortifies its leadership position by introducing its 2018 range of cooling products - EquityBulls.com|last=Bulls|first=Equity|website=equitybulls.com|access-date=16 March 2018}}</ref> which are widely used for comfort cooling in arid and semi-arid climates. | The Unitary Products business group manufacture products in categories including air conditioners, air coolers,<ref>{{Citation|last=5|first=May|title=Voltas forays into air coolers to reach larger masses {{!}} The Economic Times Video {{!}} ET Now|url=https://economictimes.indiatimes.com/et-now/corporate/voltas-forays-into-air-coolers-to-reach-larger-masses/videoshow/47160437.cms|last2=2015|last3=Ist|first3=02 26 Pm|access-date=23 January 2018}}</ref> commercial refrigerators, water coolers and water dispensers. Voltas<ref>{{Cite web|url=https://brandequity.economictimes.indiatimes.com/news/marketing/brand-wars-korean-ac-brandsfeel-the-heat/59860784|title=Brand wars: Korean AC companies feel the heat - ET BrandEquity|last=www.ETBrandEquity.com|website=ETBrandEquity.com|language=en|access-date=23 January 2018}}</ref> is the largest air-conditioning brand in India. It started manufacturing air conditioners in the 1960s under licence from Carrier Corporation <ref>https://www.voltas.com/history</ref> Voltas produced India's first window air conditioner with DC-inverter-based variable-speed motors.<ref>{{Cite web|url=http://www.voltas.com/news/spotlight/Voltas_launches_India%E2%80%99s_first_Window_AC_with_Inverter_Technology.asp|title=Voltas launches India's first Window AC with Inverter Technology|website=www.voltas.com|access-date=22 February 2018}}</ref> 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.<ref>{{Cite web|url=https://bestac.in/best-ac-india/|title=12 Best Air Conditioners in India 2021 – Buyer’s Guide & Reviews|website=www.bestac.in|access-date=17 April 2021}}</ref> Voltas also has a large network of repair centres. The firm is also a major producer of evaporative coolers,<ref>{{Cite web|url=http://equitybulls.com/admin/news2006/news_det.asp?id=224460|title=VOLTAS fortifies its leadership position by introducing its 2018 range of cooling products - EquityBulls.com|last=Bulls|first=Equity|website=equitybulls.com|access-date=16 March 2018}}</ref> which are widely used for comfort cooling in arid and semi-arid climates. | ||
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.<ref>{{Cite news|url=http://www.thehindubusinessline.com/companies/voltas-targets-3500cr-sales-from-beko-range-ofconsumer-durables/article9715337.ece|title=Voltas targets ₹3,500-cr sales from Beko range of consumer durables|last=Chatterjee|first=Purvita|date=29 May 2017|work=The Hindu Business Line|access-date=23 January 2018|language=en}}</ref> | 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.<ref>{{Cite news|url=http://www.thehindubusinessline.com/companies/voltas-targets-3500cr-sales-from-beko-range-ofconsumer-durables/article9715337.ece|title=Voltas targets ₹3,500-cr sales from Beko range of consumer durables|last=Chatterjee|first=Purvita|date=29 May 2017|work=The Hindu Business Line|access-date=23 January 2018|language=en}}</ref> | ||
Voltas has completed many international projects till date including air conditioning in the world's tallest building, the [[Burj Khalifa]],<ref name=":0" /><ref name=":1" /> in the once largest ocean liner, [[RMS Queen Mary 2]] , [[Al Alam Palace|Palace of Sultanate of Oman]] , [[City Centre Bahrain|Bahrain City Centre Mall]] , [[Ferrari World Abu Dhabi|Ferrari World Theme Park]] in Abu Dhabi , [[Sidra Medical and Research Center|Sidra Medical and Research Centre]] in Qatar , [[Villaggio Mall]] in Qatar and [[Mall of the Emirates|Dubai’s Mall of Emirates]]. | |||
==Awards and recognition== | |||
Voltas won the first prize in the category ‘Manufacturers of BEE Star Labeled Appliances (Air Conditioner)’,<ref>{{Cite news|url=https://www.indiainfoline.com/article/news-sector-consumergoods/voltas-wins-national-energyconservation-award-2015-115121400509_1.html|title=Voltas wins National Energy Conservation Award 2015|last=indiainfoline.com|access-date=23 January 2018|language=en}}</ref> as part of the National Energy Conservation Awards 2015. The company had previously won the same award in December 2013. | Voltas won the first prize in the category ‘Manufacturers of BEE Star Labeled Appliances (Air Conditioner)’,<ref>{{Cite news|url=https://www.indiainfoline.com/article/news-sector-consumergoods/voltas-wins-national-energyconservation-award-2015-115121400509_1.html|title=Voltas wins National Energy Conservation Award 2015|last=indiainfoline.com|access-date=23 January 2018|language=en}}</ref> as part of the National Energy Conservation Awards 2015. The company had previously won the same award in December 2013. | ||
Voltas won the Silver APAC Effie Award<ref>{{Cite web|url=http://www.afaqs.com/news/story/43875_India-shines-at-APAC-Effies-Wins-18-metals-including-Grand-Effie|title=India wins 18 medals at APAC Effies|website=www.afaqs.com|language=en|access-date=23 January 2018}}</ref> in the Sustained Success category in 2015 for its “Humanizing technology in India” entry. Apart from Effie, Voltas also won the | Voltas won the Silver APAC Effie Award<ref>{{Cite web|url=http://www.afaqs.com/news/story/43875_India-shines-at-APAC-Effies-Wins-18-metals-including-Grand-Effie|title=India wins 18 medals at APAC Effies|website=www.afaqs.com|language=en|access-date=23 January 2018}}</ref> in the Sustained Success category in 2015 for its “Humanizing technology in India” entry. Apart from Effie, Voltas also won the gold at the Asia Awards of the World Advertising Research Centre (WARC).<ref>{{Cite news|url=http://www.tata.com/article/inside/kMRCG!$$$!dVaSA=/TLYVr3YPkMU|title=Voltas all-weather ACs win yet another international gold via @tatacompanies|last=Tata.com|work=tata.com|access-date=23 January 2018|language=en}}</ref> In 2014, Voltas was ranked 39th among India's most trusted brands according to the [[The Brand Trust Report|Brand Trust Report]], a study conducted by Trust Research Advisory.[[Voltas#cite note-10|[4]]] | ||
==References== | ==References== | ||
{{Reflist | {{Reflist}} | ||
==External links== | ==External links== | ||
* {{official}} | * {{official}} | ||
{{Tata Group}} | {{Tata Group}} | ||
{{Electronics industry in India}} | {{Electronics industry in India}} | ||
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[[Category:Engineering companies of India]] | [[Category:Engineering companies of India]] | ||
[[Category:Manufacturing companies established in 1954]] | [[Category:Manufacturing companies established in 1954]] | ||
[[Category:Heating, ventilation, and air conditioning companies]] | [[Category:Heating, ventilation, and air conditioning companies]] | ||
[[Category:Indian brands]] | [[Category:Indian brands]] | ||
[[Category:1954 establishments in Bombay State]] | [[Category:1954 establishments in Bombay State]] | ||
[[Category:Indian companies established in 1954]] | [[Category:Indian companies established in 1954]] | ||
[[Category:Companies listed on the National Stock Exchange of India]] | |||
[[Category:Companies listed on the Bombay Stock Exchange]] | |||