Voltas Ltd Company Profile: Product, Promoters and Clients

Voltas Ltd Company Description 

Voltas limited is the India’s largest air condition company. It offers a comprehensive range of cooling & home appliances including room air conditioner, washing machines, air purifiers, water dispensers, microwave, dishwasher, commercial refrigeration and accessories in its portfolio. The company is a premier engineering solutions provider and a part of the Tata Group, Established in 1954. Voltas has emerged as a leader in air conditioning and cooling technology sector, as well as engineering and construction services.

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Question 1: What are the Product and service offerings of the Voltas Ltd?

Voltas Limited sells air conditioners and refrigerators and works on electrical and mechanical systems projects. They work as contractors in India and other countries like the Middle East and Singapore. They also provide engineering services for mining, construction, textiles, and water treatment industries. Their products and services include:

1- Air Conditioning and Cooling Solutions:

  • Industrial cooling products and solutions
  • HVAC (Heating, Ventilation, and Air Conditioning) systems
  • Residential and commercial air conditioners

2- Engineering Solutions:

  • Electrical and mechanical projects
  • Water management and treatment systems
  • Textile machinery and mining equipment

3- Electro-Mechanical Projects:

  • Facilities management services
  • Building management systems
  • Turnkey solutions for infrastructure projects

4- Ventilation and Air Management Systems:

  • Air purification and filtration technologies
  • Ventilation systems for various industries
  • Indoor air quality solutions

Question 2: Who are the promoters of the Voltas Ltd?

1. Mr. Pradeep Bakshi- Managing Director & CEO 

Mr. Pradeep Bakshi is the Managing Director and CEO of Voltas Ltd and also among the Board of Directors for VoLTE Home Appliances Ltd. Mr. Bakshi took over as a Head of Operations of UPBG, twelve years ago, with an emphatic oath of turning around the brand to its current stature. He is one of the most versatile and multi-talented executives to reach the company’s top management, having close to three decades of experience in the consumer durable industry.

2. Noel Tata -Non-Executive Chairman

Mr. Noel N. Tata has been associated with the Tata group for more than 40 years and currently serves on the Board of various Tata Group Companies, including as the Chairman of Trent, Tata Investment Corporation, Tata International Limited, Voltas and as the Vice Chairman of Tata Steel and Titan Company Limited. He also serves as a Trustee under Board of Sir Ratan Tata Trust and Sir Dorabji Tata Trust. Prior to Tata International, he served as the Managing Director of Trent Limited for more than 11 years, where he was responsible for the growth of Trent across formats – from one store operation in 1998 to over 500 stores.

3. Vinayak Deshpande- Non-Executive Director

Mr. Vinayak Deshpande is the Non-Executive Director and has been on the Board of Voltas Limited since February 2012. He holds the degree of bachelor’s in the field of Chemical Engineering (1980) from IIT, Kharagpur and have experience over 38 years in different roles and in diverse industries.  At Tata Honeywell, he was the Managing Director for five years till 2004- 05, wherein he grew the company’s operations pan India, to achieve about 300% growth. Thereafter he had a successful turn as the Executive President of Tata Teleservices.

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Question 3: Who are the clients of Voltas Ltd?

Voltas Ltd serves a diverse range of clients across various sectors. Some of their key client segments include:

  1. Residential Customers: Individuals and homeowners seeking reliable and energy-efficient air conditioning solutions for their homes.
  2. Commercial Establishments: Businesses such as offices, retail stores, malls, hotels, restaurants, and hospitals that require HVAC (Heating, Ventilation, and Air Conditioning) systems for climate control and comfort.
  3. Industrial Sector: Manufacturing plants, factories, warehouses, and industrial facilities that need specialized cooling and ventilation systems to maintain optimal operational conditions.
  4. Government and Public Sector: Government agencies, public sector enterprises, and defense establishments that procure Voltas' engineering solutions for infrastructure projects, including electro-mechanical projects and water management systems.
  5. Infrastructure Projects: Voltas provides turnkey solutions and engineering services for large-scale infrastructure projects, including electrical and mechanical projects, building management systems, and facilities management services.
  6. Global Clients: Voltas also caters to international clients and partners through its engineering solutions and HVAC products, expanding its reach beyond India.

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Written by – Aishwari Pandey