Company Overview
Voltas Limited is a Public Limited Rs 2500 crore multi divisional company, engaged in the
air conditioning and engineering business. It was incorporated on 6th September 1954.
Tata Sons Ltd and Volkart Brothers, a Swiss Company operating in India since1851,
promoted this company and hence the name VOLTAS. Voltas, A Tata Group Company is
India’s premier air conditioning and engineering services provider. It provides engineering
solutions for a wide spectrum of industries in areas such as heating, ventilation and air
conditioning, refrigeration, climate control, electro-mechanical projects, textile machinery,
machine tools, mining and construction, materials handling, water management, building
management systems, pollution control and chemicals. Voltas have capability in the
manufacture of room/split air conditioners, industrial air conditioning and refrigeration
equipment, water coolers, refrigerators, visi-coolers, freezers, forklift trucks and large
water supply pumps. All these products bear the stamp of state-of-the-art automated
manufacturing plants resulting in consistently high quality and reduced costs. Company is
partnered with international companies such as LG Electronics and Samsung of Korea and
Fedders International of USA for ‘manufacture only’ alliances producing low cost, high
quality refrigerators and room air conditioners. The company’s promoters, Tata Sons hold
around 28 per cent of the shares in the company. Foreign investors and the public hold
around 21 per cent share each, while domestic financial institutions and non-promoter
corporates hold the balance. Voltas has recently gone through a comprehensive
restructuring exercise, aimed at bringing the ‘core to the fore’. This exercise, conducted
between 1997-1998 and 2001-2002, comprised of redefining the business focus of Voltas
as being an engineering services company. Accordingly it involved reorganizing the
company’s business portfolio, exiting non-core businesses and exploiting unproductive
assets to generate revenues, rightsizing the organisation through focused voluntary
retirement schemes, aggressive cost cutting and financial re-engineering.
The company mainly operates in the following areas:
Company involved mainly into the design and manufacture of industrial equipment,
management and execution of air conditioning and public work projects, sourcing,
installation and servicing of technology-based systems, and representation of global
technology leaders, serving diverse industrial sectors and applications. Voltas’ operations
have been organized into three independent business-specific clusters. Each of these has its
own facilities for market coverage and service to customers. Namely:
Electro-Mechanical Projects & Services
Electrical, Mechanical, HVAC & Refrigeration Solutions
Electrical, Mechanical & HVAC Solutions (International)
Water Management & Treatment
Engineering products & Services
Textile Machinery
Mining & Construction Equipment
Machine Tools
Materials Handling Solutions
