Voltas Limited is recognised as India’s premier air conditioning and engineering solutions provider. The company stands tall as a beacon of excellence in project management.

Established seven decades ago through a partnership between Tata Sons and Volkart Brothers, Voltas has evolved as a dynamic force shaping the air conditioning and engineering solutions industry landscape. The company’s offerings encompass a range of cutting-edge products like air conditioners, air coolers, air purifiers, home appliances, water heaters and water dispensers, water coolers, products used for commercial refrigeration, a suite of commercial air conditioning products. The company through a wholly owned subsidiary, is also present in engineering services, textile machinery services and mining & construction services.

Today, Voltas has actively catalysed the transformative journey along with the nation. The company’s enduring legacy encapsulates a narrative of evolution and the nation’s progress. This includes introduction of the first room air conditioner in India. The company has also played a pivotal role in landmark projects like installation of the cooling system in India’s first high-speed train – the Rajdhani Express, cooling the Royal Palace of the Sultan of Muscat, and the very recent completion of cooling of India’s New Parliament House.

For over a decade now, Voltas stands tall as the undisputed market leader in room air conditioners across India. With an extensive network of over 30,000 touch points, the company is ensuring its presence across the length and breadth of the country and being easily accessible to its customers online as well as offline. Positioned as a strong innovator, the company is steadfast in advancing the vision of a self-reliant India.

Voltas is seamlessly weaving itself into the fabric of the nation’s growth. In doing so, it proudly takes its place as an integral catalyst in shaping the next chapter of India’s remarkable journey

Business Highlights

Unitary Cooling Products

• Achieved record-breaking top-line growth over the last financial year with the sale of over 2 million ACs in 2023-24
• Experienced a significant uptick in sales volume for Split ACs due to an extended product range and partnerships with key retailers
• Bolstered by strategic expansion efforts, Voltas remains the top player in the AC market with a 18.7% YTD market share
• Expanded market penetration in the air cooler segment and capitalised on rising demand, especially in regions with limited power supply
• Saw growth in the commercial refrigeration segment with the introduction of new SKUs and capacity expansion at the Waghodia Plant, tapping into the demand for frozen foods

Home Appliances (Voltas Beko)

• Emerged as the fastest-growing Indian consumer durables brand, with over 5 million home appliances sold in just five years, since its inception (Including Covid-19 period)
• Achieved a near 46% increase in revenue and 53% increase in volume over the previous year through new product development and expanded reach
• Recorded 12% of sales from e-commerce channels through a strong digital presence and adaptability to changing consumer preferences
• Introduced new products consistently across categories in line with the market requirements, aiming for a diverse and competitive product line-up

International Operations Business Group

• Successfully secured multiple projects in the District Cooling, MEP, and Facility Management segments, with orders in the UAE and Saudi Arabia
• The UAE has announced several upcoming projects, while Saudi Arabia is currently witnessing an unprecedented demand for MEP materials. This highlights the potential for numerous large-scale projects in the next 2 to 5 years

Infrastructure Solutions (Universal MEP Projects & Engineering Services Limited (UMPESL))

MEP:

• Implemented HVAC solutions at the New Parliament House and Tiruchirappalli Airport, with both projects inaugurated by the Honourable Prime Minister of India
• Executed MEP solutions at ‘The Animal Care Centre’ (AVCF - Tata Trust) - a first-of-its-kind healthcare facility in India, launched by Sir Ratan Tata
• Successfully concluded industrial MEP projects for Adani Solar in Mundra and commissioned Tata Power Solar – Phase-1 is on fast track at Tirunelveli
• Secured significant projects like TP Solar Cell Line, IKEA Gurgaon, and CMRL Phase 2, resulting in a formidable order book of Rs 828 crores

Water Infrastructure:

• Commenced commissioning activity on six Rural Water Supply and Sanitation (RWSS) projects successfully. Initiated the supply of treated drinking water to a few villages in India
• Contributed to the State Water & Sanitisation Mission (SWSM) by commissioning 31 schemes in Ayodhya
• Secured new orders including a new Water treatment plant at GIFT City and a drinking water project from SWSM in Deoria

Electrical & Solar Projects:

• Established an electrical network in challenging terrains, including riverine areas and islands in West Bengal
• Completed the handover of the Green Infra Clean Solar Energy projects, 33 MW project in Gangavathi, Karnataka and 27 MWp solar projects in Koppal, Karnataka
• Commissioned major projects, including the Azure AC 300 MW & DC 225 MWp solar project and SB Energy’s 300 MW solar project in Bikaner, Rajasthan
• Showcased its expertise in large-scale solar installations with projects like Sembcorp’s 33 MWp and 27 MWp solar projects in Koppal, Karnataka
• Secured new orders totalling 189 MWp and entered the rooftop solar segment through the PM Surya Ghar scheme
• Integrated essential components like the 66 kV Switchyard, OHTL, and bay at GSS demonstrate innovation and adaptability in the evolving renewable energy landscape
• Obtained significant orders worth INR 930 crores under the Revamped Distribution Sector Scheme (RDSS) in West Bengal and Jharkhand
• Successfully commissioned 16 new 33/11 kV substations in Madhya Pradesh and commissioned 4,650 km of LT lines and 2,800 km of HT lines in Uttar Pradesh, significantly enhancing power distribution across the regions
• Inaugurated our pioneering 33/11 kV Gas Insulated Substation (GIS) in Howrah, West Bengal, a leap forward in our infrastructure technological capabilities

Textile Machinery

• The Textile Machinery Division reached all-time high revenue levels due to healthy order booking levels and a continued focus on the after-sales business
• Maximised revenue in each of the product lines and experienced growth, with the spinning machinery market share reaching 65%
• Incentives given to textile sector through PLI Scheme, PM MITRA Integrated Textile Parks etc., will positively impact TMD in the long run, as this will attract investments in all the sectors TMD represents

Mining and Construction Equipment

Mozambique Business:

• Successfully achieved targeted outcomes for a marquee client overcoming cost reduction pressures and management changes in the client company.
• Improved performance in the CAT 793 category during the last quarter, thereby strengthening our competitive positioning.

India Business:

• Secured a major order for Powerscreen machines. Enhanced market share in Powerscreen to 54% from a share of 50% in the previous year.
• Signed a tripartite contract with two prominent global players for parts supply over 8 years for 20m3 Electric Rope Shovel.
• Entered into a 5 year contract with leading players in underground equipment.