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{{Short description|Indian home appliances company}}
{{Short description|Indian multinational home appliances company}}
{{EngvarB|date=September 2013}}
{{EngvarB|date=September 2013}}
{{Use dmy dates|date=September 2020}}
{{Use dmy dates|date=September 2020}}
{{Infobox company
{{Infobox company
| name = Voltas Limited
| name = Voltas Limited
| logo =  
| logo = Voltas-Logo-PNG.png
| logo_size = 250px
| type = [[Public]]
| type = [[Public]]
| traded_as = {{plainlist|
| traded_as = {{plainlist|
*{{NSE|VOLTAS}}
*{{NSE|VOLTAS}}
*{{BSE|500575}}}}
*{{BSE|500575}}}}
| ISIN = INE226A01021
| industry = {{plainlist|  
| industry = {{plainlist|  
*[[Home appliance]]s
*[[Home appliance]]s
*[[Consumer electronic]]s}}
*[[Consumer electronic]]s}}
| foundation = {{start date and age|1954}}<ref>{{cite web|url=http://www.voltas.com/about_us/about_us.asp?mpage=profile.html |title=Electro-Mechanical Solutions &#124; Engineering Solutions Providers &#124; Cooling Appliances |publisher=Voltas.com |access-date=16 July 2010}}</ref>
| foundation = {{start date and age|1954}}<ref>{{cite web|url=https://www.voltas.com/about/overview/ |title=Electro-Mechanical Solutions &#124; Engineering Solutions Providers &#124; Cooling Appliances |publisher=Voltas.com |access-date=16 July 2010}}</ref>
| location = [[Mumbai]]
| location = [[Mumbai]], [[India]]
| area_served = Worldwide  
| area_served = Worldwide  
| key_people = Pradeep Bakshi (MD & CEO)  
| key_people = Pradeep Bakshi (MD & CEO)  
| products = {{plainlist|
| products = [[Major appliance]]s<br>[[Small appliance]]s<br>[[Consumer electronic]]s
*[[Air Conditioner]]s
*[[Cooler|Air Cooler]]s
*[[Refrigerator]]s
*[[Washing machine]]s
*[[Dishwasher]]s
*[[Microwave oven|Microwave]]s
*[[Air purifier]]s
*[[Water dispenser]]s}}
| revenue = {{increase}} {{INRConvert|7888|c}} (2020)<ref name="Financials">{{cite web|url=https://www.moneycontrol.com/india/stockpricequote/diversified/voltas/V|title=Voltas Limited Financial Statements |website=moneycontrol.com}}</ref>   
| revenue = {{increase}} {{INRConvert|7888|c}} (2020)<ref name="Financials">{{cite web|url=https://www.moneycontrol.com/india/stockpricequote/diversified/voltas/V|title=Voltas Limited Financial Statements |website=moneycontrol.com}}</ref>   
| operating_income = {{increase}} {{INRConvert|834|c}} (2020)<ref name="Financials"/>
| operating_income = {{increase}} {{INRConvert|834|c}} (2020)<ref name="Financials"/>
Line 32: Line 26:
| num_employees = 8,800+ (2020)<ref name="Financials"/>
| num_employees = 8,800+ (2020)<ref name="Financials"/>
| parent = [[Tata Group]]
| parent = [[Tata Group]]
| location_country = [[India]]
| location_country = India
| homepage = {{url|https://www.voltas.com/}}   
| homepage = {{url|https://www.voltas.com/}}   
}}
}}
   
   
'''Voltas Limited,''' is an Indian [[Multinational corporation|multinational]] [[home appliance]]s company specialising in [[air conditioning]] and [[Cooling|cooling technology]]. 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).
'''Voltas Limited''' is an Indian [[Multinational corporation|multinational]] [[home appliances]] and [[consumer electronics]] company headquartered in [[Mumbai]], [[Maharashtra]], [[India]]. It designs, develops, manufactures and sells products including [[Air Conditioner]]s, [[Cooler|Air Cooler]]s, [[Refrigerator]]s, [[Washing machine]]s, [[Dishwasher]]s, [[Microwave oven|Microwave]]s, [[Air purifier]]s, [[Water dispenser]]s. 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.


The company was incorporated on 6 September 1954 in Mumbai. It was a collaboration between Tata Sons and Volkart Brothers. The Chairman of the company is Mr. Noel N 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 Mr. 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 [https://www.voltas.com/businesses/cooling-refrigeration/ Domestic Projects Group (DPG)] and International Operations Business Group (IOBG). Meanwhile, the products business is classified into Unitary Products Business Group (UPBG), [https://www.voltas.com/businesses/mining-construction-equipment/ Mining & Construction Equipment Division (MCED)], and [https://www.voltas.com/businesses/textile-machinery/ 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|last1=5|first1=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 license from Carrier Corporation <ref>https://www.voltas.com/history {{Dead link|date=February 2022}}</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 centers. 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|date=14 March 2018|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 National Energy Conservation Award 2021
Voltas won Maximum Customer Service Best Practices Sessions At Business Excellence Convention 2021


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 Gold at the Asia Awards of the World Advertising Research Centre (WARC).<ref>{{Cite news|url=http://www.tata.com/article/inside/kMRCG!$$$!dVaSA=/TLYVr3YPkMU|title=Voltas all-weather ACs win yet another international gold via @tatacompanies|last=Tata.com|work=tata.com|access-date=23 January 2018|language=en}}</ref> In 2014, Voltas was ranked 39th among India's most trusted brands according to the [[The Brand Trust Report|Brand Trust Report]], a study conducted by Trust Research Advisory.[[Voltas#cite note-10|[4]]]
Voltas won the Silver APAC Effie Award<ref>{{Cite web|url=http://www.afaqs.com/news/story/43875_India-shines-at-APAC-Effies-Wins-18-metals-including-Grand-Effie|title=India wins 18 medals at APAC Effies|website=www.afaqs.com|language=en|access-date=23 January 2018}}</ref> in the Sustained Success category in 2015 for its “Humanizing technology in India” entry. Apart from Effie, Voltas also won the gold at the Asia Awards of the World Advertising Research Centre (WARC).<ref>{{Cite news|url=http://www.tata.com/article/inside/kMRCG!$$$!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]]]
 
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]].


==References==
==References==
{{Reflist|2}}
{{Reflist}}


==External links==
==External links==
* {{official}}  
* {{official}}
 
{{Tata Group}}
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[[Category:Tata Group]]
[[Category:Tata Group]]
[[Category:Companies based in Mumbai]]
[[Category:Engineering companies of India]]
[[Category:Engineering companies of India]]
[[Category:Manufacturing companies based in Mumbai]]
[[Category:Manufacturing companies established in 1954]]
[[Category:Manufacturing companies established in 1954]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[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]]
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[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Home appliance manufacturers of India]]
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