Voltas Limited, is an IndianHome appliancescompany specialising in air conditioning and cooling technology. The company is broadly structured into projects and products business. The projects business is divided into Domestic Projects Group and International Operations Business Group. Meanwhile, the products business is classified into Unitary Products Business Group, Mining & Construction Equipment Division, and Textile Machinery Division.. The company was incorporated on 6 September 1954 in Mumbai. It was a collaboration between Tata Sons and Volkart Brothers. The Chairman of the company is Mr. Noel N Tata and the Managing Director and Chief Executive Officer of the company is Mr. Pradeep Bakshi. Its shares are traded on the Bombay Stock Exchange under symbol 500575. The Unitary Products business group manufacture products in categories including air conditioners, air coolers, commercial refrigerators, water coolers and water dispensers. Voltas is the largest air-conditioning brand in India. Voltas produced India's first window air conditioner with DC-inverter-based variable-speed motors. Voltas also has a large network of repair centres. The firm is also a major producer of evaporative coolers, which are widely used for comfort cooling in arid and semi-arid climates. Voltas has also entered into a joint venture with Turkey-based Ardutch. It began producing refrigerators, air conditioners, washing machines and kitchen appliances under the name of Voltas Beko. Voltas won the first prize in the category ‘Manufacturers of BEE Star Labeled Appliances ’, as part of the National Energy Conservation Awards 2015. The company had previously won the same award in December 2013. Voltas won the Silver APAC Effie Award in the Sustained Success category in 2015 for its “Humanizing technology in India” entry. Apart from Effie, Voltas also won the Gold at the Asia Awards of the World Advertising Research Centre. In 2014, Voltas was ranked 39th among India's most trusted brands according to the Brand Trust Report, a study conducted by Trust Research Advisory.Voltas#cite note-10| Voltas has completed many international projects till date including air conditioning in the world's tallest building, the Burj Khalifa, in the once largest ocean liner, RMS Queen Mary 2, Palace of Sultanate of Oman, Bahrain City Centre Mall, Ferrari World Theme Park in Abu Dhabi, Sidra Medical and Research Centre in Qatar, Villaggio Mall in Qatar and Dubai’s Mall of Emirates.
