Voltas Ac
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Voltas
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| Type | Public |
|---|---|
Traded as |
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| ISIN | INE226A01021 |
| Industry |
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| Founded | 1954 |
| Headquarters | Mumbai, Maharashtra, India |
Area served | Worldwide |
Key people | Pradeep Bakshi (MD & CEO) |
| Products | Major appliances Small appliances Consumer electronics |
| Revenue | ₹7,940 crore (US$990 million) (2022) |
Operating income | ₹669.83 crore (US$84 million) (2022) |
Net income | ₹504.09 crore (US$63 million) (2022) |
| Total assets | ₹8,156 crore (US$1.0 billion) (2020) |
| Total equity | ₹4,247 crore (US$530 million) (2020) |
Number of employees | 8,800+ (2020) |
| Parent | Tata Group |
| Website | www |
Voltas Limited is an Indian multinational home appliances and consumer electronics 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. 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 and the managing director and chief executive officer of the company is Pradeep Bakshi. Its shares are traded on the Bombay Stock Exchange and National Stock Exchange of India.
Name
The company name is a portmanteau of Volkart brothers and Tata Sons.
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).Voltas Ac
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 brand in India. It started manufacturing air conditioners in the 1960s under license from Carrier Corporation 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 help Voltas also has a large network of repair centers. The firm is also a major producer of evaporative coolers,[10] which are widely used for comfort cooling in arid and semi-arid climates .
Voltas Ac
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.[11] Voltas Ac
Voltas has completed many international projects, including air conditioning in the world’s tallest building, the Burj Khalifa,[3][4] 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 Profile, Wiki, Networth, Owner, CEO, Founder Name, Parent Company and more
Voltas is an Indian company of home appliances and consumer electronics. The company headquartered is in Mumbai, Maharashtra, India. Voltas is one of the most reputed engineering solution providers specializing in project management. The company plays a vital role in developing the infrastructure of the nation as well as exporting their unparalleled expertise across Technology, Engineering, Construction, Cooling and Ventilation, Infrastructure Projects, Textile, Mining and Manufacturing sectors, making them one of the most trusted and reliable engineering solution providers. Voltas Ac
Establishment
Voltas founded on 1954. The company was a collaboration between Tata Sons and Volkart Brothers. Voltas offers a wide range of cooling products including Air Coolers, Commercial Refrigeration, Water Coolers and Water Dispensers. Apart from being the leaders in consumer products. Voltas Ac
Voltas Ac
