Short Bio
Home appliances multinational Voltas Limited is based in Mumbai. It creates, develops, produces, and markets goods like air conditioners, air coolers, refrigerators, washing machines, dishwashers, microwaves, air purifiers, and water dispensers. According to market share, Voltas is the largest air conditioning company in India. As a joint venture between Tata Sons and Volkart Brothers, the company was established on September 6, 1954, in Mumbai. Pradeep Bakshi is the current chief executive officer and managing director of the business, which is currently led by Noel Tata. In India, the Middle East, South East Asia, and Africa, Voltas is widely distributed. More than 20,000 employees work for the organisation, which has over 25,000 consumer touchpoints. Both the National Stock Exchange of India and the Bombay Stock Exchange list Voltas.
In the Indian market for home appliances, Voltas is a market leader. The business enjoys a high brand recognition and an excellent reputation for its goods and services. Voltas is dedicated to innovation and continually makes investments in R&D. The business is likewise concerned with sustainability and has taken a number of steps to lessen its influence on the environment. Voltas is a successfully managed and financially stable business. The business has a proven track record of prosperity, and it regularly distributes dividends to its stockholders. For investors wishing to gain exposure to the Indian home appliance sector, Voltas is a solid investment.
Overview
Company Name: | Voltas Limited |
Also Know as: | Voltas |
Type: | Multinational company |
Industry: | Home appliances, engineering, and construction |
Founded: | September 6, 1954 |
Founders: | Pradeep Bakshi (MD & CEO) Noel Tata (Chairman) |
Headquarters: | Mumbai, India |
Area Served: | India, Middle East, Africa, and Southeast Asia |
Revenue: | ₹10,279 crores (US$1.3 billion) (2023) |
Net Income: | ₹1,520 crores (US$190 million) (2023) |
Number of Employees | 25,000 (2023) |
Website: | https://www.voltas.com/ |
History
Voltas was founded in 1954 by Noel Tata, Pradeep Bakshi (MD & CEO). The company started out as a manufacturer of air conditioners and quickly became the market leader in India. In the 1960s, Voltas expanded into other areas of home appliances, including refrigerators, washing machines, and water heaters. In the 1970s, the company began to focus on engineering and construction, and it has since become a leading player in the Indian market.
Services
The founder of Voltas is Noel Tata. He was a member of the Tata family, one of the most prominent business families in India. Naval Tata was a visionary leader who helped to shape the Indian economy. He was also a strong advocate for social justice and economic development.
Voltas offers a wide range of products and services, including:
- Air conditioners
- Refrigerators
- Washing machines
- Water heaters
- Commercial refrigeration
- Engineering and construction
- Founder
Achievements
Voltas has achieved many successes over the years. It has been ranked as one of the most respected companies in India. It has also been recognized for its commitment to sustainability and social responsibility.
Future Plans
Voltas is committed to continued growth and innovation. It plans to expand its product portfolio and geographic reach. It also plans to focus on sustainable development and social responsibility.