Voltas

Voltas Limited is an Indian multinational home appliances company, headquartered in Mumbai. It designs, develops, manufactures and sells products including air conditioners, air coolers, refrigerators, washing machines, dishwashers, microwaves, air purifiers, water dispensers. Voltas is India's largest air conditioning company by market share.^[3][4]

Voltas Limited

Company type	Public
Traded as	NSE: VOLTAS BSE: 500575
ISIN	INE226A01021
Industry	Home appliances
Founded	1954; 71 years ago (1954)[1]
Headquarters	Mumbai, Maharashtra, India
Area served	Worldwide
Key people	Noel Tata (Chairman) Pradeep Bakshi (MD & CEO)
Products	Air conditioning Refrigerator Air cooler Washing machine Air purifier Dishwasher Water cooler Microwave oven Water dispensers Voltage stabilizer
Revenue	₹12,734 crore (US$1.5 billion) (2024)[2]
Operating income	₹624 crore (US$73 million) (FY2024)[2]
Net income	₹248 crore (US$29 million) (FY2024)[2]
Total assets	₹12,035 crore (US$1.4 billion) (FY2024)[2]
Total equity	₹5,854 crore (US$680 million) (FY2024)[2]
Number of employees	10,600+ (FY2024)[2]
Parent	Tata Group
Website	www.voltas.com

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^[5] and Pradeep Bakshi is the company's current chief executive officer and managing director.^[6]

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,^[7] commercial refrigerators, water coolers, and water dispensers. Voltas^[8] is the largest air conditioning brand in India. It started manufacturing air conditioners in the 1960s under license from the Carrier Corporation.^[9] Voltas produced India's first window air conditioner with DC-inverter-based variable-speed motors.^[10] 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.^[11] Voltas also has a large network of repair centers. The firm is also a major producer of evaporative coolers,^[12] 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.^[13]

Voltas has completed many international projects, including air conditioning in the world's tallest building, the Burj Khalifa,^[5][6] in the once largest ocean liner, RMS Queen Mary 2, 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

VoltasBeko

Company type	Joint venture
Industry	Home appliances
Founded	2017; 8 years ago (2017)[14]
Headquarters	Mumbai, Maharashtra
Area served	India
Key people	Jayant Balan (CEO)
Products	Refrigerator Washing machine Microwave oven Dishwasher
Parent	Voltas (50%) Arçelik A.Ş. (50%)

Voltbek home appliances, doing business as Voltas Beko is a joint venture between India's Voltas and Turkish electronic manufacturer Beko. The joint venture was formed specifically to cater to the Indian home appliances market, leveraging the expertise and brand recognition of both parent companies.