Yes, Voltas is an Indian company. It is an Indian multinational home appliances company which operates as a part of the Tata Group, one of India’s largest conglomerates with diverse business interests. Voltas designs, develops, manufactures, and sells a diverse range of home appliances, including washing machines, air conditioners, dishwashers, microwave ovens, air coolers, water heaters, water dispensers, and air purifiers.
Voltas is the largest air conditioning brand in the Indian market, and is known for energy-efficient air conditioning systems like window AC with DC-inverter technology. Apart from home appliances, the company offers commercial equipment for various sectors like mining, water treatment, and textile. Voltas also undertakes HVAC, plumbing, electrical works, and infrastructure projects.
| Details | Info |
| Founded | 1954 |
| Founder | Tata Sons and Volkart Brothers |
| Headquarters | Mumbai, Maharashtra, India |
| CEO | Pradeep Bakshi |
| Sector | Home appliances, Commercial equipment, Electro-Mechanical projects |
Company History
Voltas was established on 6th September 1954 as a collaboration between Tata Sons and Volkart Brothers. The company initially operated in agricultural products and import-export sector, prior to venturing into refrigerator and air conditioning manufacturing. Voltas undertook large-scale electro-mechanical projects like Tungabhadra dam project in the 1960s.
Voltas became a major brand of room ACs and commercial refrigeration in the 1970s. It also expanded to textile machinery and material handling equipment. The company ventured into HVAC, plumbing, and electrical projects in the 1980s. Voltas became a leading AC brand in India in the year 1994.
Voltas diversified into mining and construction equipment in the late 1990s. In the year 2006, Voltas established a wholly-owned subsidiary, Universal Comfort Products Limited, to manufacture ACs locally in India. Voltas formed a joint venture, named Voltbek, with Turkish electronic manufacturer Beko in the year 2017 to produce home appliances.
Current Status
Voltas is maintaining its position as a top AC brand in India. It operates manufacturing facilities in Pantnagar, Waghodia, Sanand, and Chennai. The company has a distribution network of over 10,000 retail outlets and 4000 dealers. In the recent years, Voltas has reported strong growth in its home appliances business especially in washing machines and refrigerators.
Voltas has a strong presence in electro-mechanical sector in Middle Eastern countries like UAE, Saudi Arabia, and Qatar.
Future Outlook
Voltas is expected to increase investments in energy-efficient products like high EER models and inverter ACs. Its joint venture Voltbek is likely to maintain strong growth in the refrigerator and washing machine market especially in tier-2 and tier-3 cities. Voltas’ 17.8% share in the AC market is projected to stabilize or grow.
Voltas is likely to maintain stable revenues from its electro-mechanical business especially from the Middle East and Africa.