Voltas Ltd
NSE: VOLTAS BSE: 500575
₹1534.30
(-0.59%)
Wed, 25 Feb 2026, 03:28 am
Market Cap506.85B
PE Ratio101.39
Dividend0.46
Producer Manufacturing
Industrial Machinery
24.5KCompany History
1954
- Incorporated on 6 September in Mumbai
- Promoted by Volkart Brothers and Tata Sons Pvt. Ltd. to take over Engineering & Import Division of Volkart Brothers
- Manufacturing activities at Chinchpokli factory covering air-conditioning, refrigeration, mining, electrical, agricultural equipment
- Sets up factory in Thane for air-conditioning, refrigeration, mining equipment with foreign collaborations
- Organizes distribution into Engineering and Marketing groups
1956
- Sub-divides shares
- Issues 1,05,000 Rights shares at par in proportion 7:10
1963
- Promotes Scottish Indian Machine Tools Ltd. in collaboration with Scottish Machine Tool Corporation of Glasgow
1964
- Concludes collaboration with Eaton Yale and Towns, U.S.A. for Yale fork-lift trucks
- Promotes Mine Safety Appliances Ltd., Calcutta with Mine Safety Appliances Co., U.S.A. and Associated Battery Makers for safety equipment
1965
- Issues 1,02,000 Rights Equity shares at premium of Rs 25 per share in proportion 2:5
1966
- Adds Agro-Industrial Products Division for tractors, hydraulic equipment, veterinary products, pesticides, fertilisers
- Issues 71,400 Bonus shares in proportion 1:5 and 4,500 shares at premium Rs 75 to Commonwealth Development Finance Co. Ltd. in August
1970
- Issues 85,580 Bonus Equity shares in proportion 1:5 in April
1972
- Issues 1,03,896 Rights Equity shares at premium of Rs 50 per share in June
1979
- Amalgamates Tata-Merlin & Gerin Ltd. and National Electrical Industries Ltd. with effect from 1 July
1981
- Offers 5,00,000 13.5% secured convertible bonds
1982
- Proposes electrical business unit at Pune
- Enters agreement with May & Christe for dry type transformers
- Amalgamates Air Pollution and Water Pollution projects with Electrical project group
1983
- Issues 1,91,708 equity shares on part conversion of 13.5% convertible bonds
1985
- Issues 3,00,000 equity shares on part conversion of 13.5% convertible bonds
1987
- Accepts LIC condition for equity allotment rights on future issues
1988
- Material handling introduces warehousing equipment
- Machine tool division operates at full capacity
- Receives approval for technical collaboration on large compressors
- Signs agreement with Fanuc of Japan for CNC drilling centres
1989
- Amalgamates Volrho Ltd., issues 4,44,445 equity shares to shareholders
1990
- Receives approval to extend Hitachi collaboration to absorption refrigeration machines
- Materials handling proposes turn-key systems
- Launches new model window air-conditioner
- Pharmaceuticals suffers diminished margins
- Commences distribution of Hostess PEPSI snack foods
- Transformer operations affected by industrial relations at Pune
- Introduces Fanuc CNC drilling centres
1991
- Industrial machinery division affected by lock-out at Westerworks
- Appliances launches ductable split air-conditioner
- Agro-Industrial proposes manufacture of drip irrigation equipment
- Tests 36 KV SF6 breaker to international standards
- Signs agreement for P&H hydraulic cranes technology
- Machine tools extends sole selling agency with Premier Automobiles
- Chemicals division affected by import restrictions
- Pharmaceuticals and consumer products division suffers setback
1992
- Restructures operations into product groups I, I(A), II, III
- Bifurcates Agro industrial products into pumps and farm/irrigation divisions
- Enters technical agreements with Sulzer Pumps and Wade Manufacturing
- Combines Engineering projects with agro-industrial to form pumps and projects division
- Chemicals plant introduces Monocrotophos
- Proposes Voltas Switchgear Ltd. and Voltas Transformers Ltd. as subsidiaries
- Amalgamates Wandleside National Conductors Ltd., allots 13,314 equity shares
- Receives approvals for amalgamation of Hyderabad Allwyn Ltd.
- Offers 99,20,000 14% partly convertible debentures on rights basis
- Offers 4,96,000 debentures to employees, allots additional oversubscription
- Offers 10,00,000 debentures to non-resident Indians
- Converts Part A of debentures into equity shares
1993
- Cooling appliances launches water coolers, ductable and split air-conditioners
- Closes pharmaceutical and consumer products division, withdraws from beverages
- Sets up pumps and projects division with Sulzer collaboration
- Merges engineering projects with pumps activity
- WNC division commissions capillary tubes and thermostat plants
- Merges HAL, approved by BIFR in 1994
1994
- Home Appliances division introduces 250L refrigerator
1995
- Plans to introduce new room air-conditioners to Toshiba design
- Receives Good corporate citizen award
- Introduces 'Soft Look' models of refrigerators
- Launches premium Frost Free Refrigerator in collaboration with Hitachi
1996
- Pumps and projects division develops and commissions largest horizontal and vertical pumps
1997
- Chemicals division faces difficulties due to liberalised imports
- Launches new products in room air conditioning and split segments
- Launches ozone-friendly centrifugals and vapour absorption machines
- Enters lease rental agreement with SIPL for WNC factory premises
- Supplies air-conditioning system for IT park in Bangalore
- Launches frost-free refrigerators of 425L and 360L capacity
- Manufactures thermostats under collaboration with Robert Shaw
- Proposes to commission final phase of pollution control at pesticides plant
- Enters exclusive distribution agreement with Hyundai Heavy Industries
- Undertakes capacity enhancement for modular steel furniture to 10,000 tonnes
- Enters distribution agreement with UNIT RIG for mining equipment
- Finalises OEM contract with LG Electronics for direct cool refrigerators
1998
- Commissions Dadra plant with capacity up to 1 lakh airconditioners
- Launches new range of airconditioners: Voltas Vectra, Verdant, Vertis, Visionarie
- Ties up with 20th Century Finance for consumer finance schemes
- Agrees to sell chemicals division to Rallis India
- Enters distribution agreement with BT-Industries Group for warehouse trucks
- Forms joint venture with Electrolux Group for manufacturing refrigerators and washing machines
- Signs contract with Coal India for 160 dump trucks
- Hikes air conditioner capacity at Dadra Nagar Haveli plant
1999
- Industrial court grants stay on voluntary retirement scheme
- Forms joint venture AirInternational Ltd with Air International Group, Australia
- Doubles installed capacity to 1.5 lakh room air-conditioning units
- Transfers Voltas brand and operations in Refrigerators and Washing Machines to Electrolux Voltas Ltd from 1 October
- Transfers Allwyn brand and operations to Electrolux Voltas Ltd from 31 March
- Enters agreement with LG Electronics India for sourcing 6 lakh refrigerators over three years
2000
- Receives special award for completing electro mechanical pumping project in 120 days
- Introduces Early Separation Scheme 2000 voluntary retirement scheme
- Signs agreement with LG Electronics to manufacture and supply 12 lakh refrigerators
- Sells wholly-owned subsidiary Voltas Foods & Beverages
- Ropes in multinational strategic partner for Perfect Moulds
- Divests shareholding in Fanuc India Ltd.
2001
- Relaunches Voltas airconditioners under 'Verdant' brand
- Posts strong growth in split air-conditioner segment
- Lok Prakashan increases stake to 14%
2002
- N D Khurody appointed as Additional Director
- Enters Joint Venture with Sermo Montaigu, France for Perfect Moulds
- Perfect Moulds Ltd ceases to be subsidiary after share allotment to Sermo
2003
- Mr Bir D Singh retires as Executive Director
- State Govt rejects tax sop for new manufacturing unit in MP
- Securities delisted from Ahmedabad Stock Exchange
2004
- Securities delisted from Delhi Stock Exchange and Pune Stock Exchange
- Enters distribution tie-up with Uniflair for precision air conditioning
- Launches range of small capacity refrigerators
- Ties up with RBS Home Appliances Ltd. for after sales services
- Enters contract manufacturing agreement with Haier for air-conditioners and refrigerators
- Introduces new range of water dispensers
2005
- Simtools Ltd becomes wholly owned subsidiary on 27 August
- Introduces new series of ACs, plans plant in Uttaranchal
- Secures order for world's tallest building
2006
- Joins hands with Dutch company
- Awards for maximum foreign exchange earned and repatriated from overseas projects
- Splits face value of shares from Rs 10 to Re 1
2007
- Forms 50:50 joint venture Universal Comfort Products Ltd with Fedders International Air-conditioning Pvt Ltd
2008
- Appoints Mr. Jimmy Bilimoria and Mr. S N Menon as Additional Directors
- Launches new range of Room Air Conditioners
- Acquires stake in Fedders venture
2009
- Overseas MEP business wins MEP Middle East Awards 2008
- Wins 'MEP Project Manager of the Year' award
- Ties up with GMRVF for community development
2010
- Memorandum of understanding with Mustafa Sultan Group for joint venture in Oman
- Joint Venture Agreement with Olayan Financing Company of Saudi Arabia
2011
- Establishes joint venture with KION Group GmbH in India
- Enters market with 70 air conditioners
2012
- Recommends Dividend of Rs. 1.60 per share
2013
- Acquires 100% stake in Rohini Industrial Electricals Ltd.
2014
- Executes Joint Venture Agreement with Dow Chemical Pacific (Singapore) Pte. Ltd.
2015
- Forays into Fresh-Air Coolers
- Wins Ministry of Power's National Energy Conservation Award
- Wins Dun & Bradstreet India honours for first in consumer durables
2016
- Launches smart water solutions
2017
- Wins MEP Contractor of the Year award
- Forms Joint Venture with Arçelik A.S. for consumer durables market
2018
- Launches Window AC with Inverter technology
- Voltas Beko unveils 'Kahan Gaya Mummy ka Sunday' DVC
2019
- Voltas Beko introduces India’s first 5 Star rated Washing Machines
- Scheme of Arrangement for merger by Absorption of Universal Comfort Products Limited
- Launches new brand shop in Gajuwaka, Visakhapatnam
- Launches new shop in Chackai, Thiruvananthapuram
- Launches new brand shop in Jalandhar
2020
- Amalgamation by Absorption of wholly-owned subsidiary Universal Comfort Products Limited
- Nitol Electronics introduces Voltas brand in Bangladesh
- Launches ultraviolet light (UVC) based surface disinfectant solutions
- Voltas Beko unveils new digital video
2021
- Conferred National Energy Conservation Award for Air Conditioner model 4502911 by R.K. Singh
- Launches second brand shop in Berhampur, Odisha
- Receives Ministry of Power's National Energy Conservation Award 2020
- Launches new range of Maha Adjustable Inverter AC
2022
- Joint Venture with Highly International (Hong Kong) Limited
- Inaugurates first Solid Waste Management plant in Madodhar Village, Waghodia, Gujarat
- Voltas Beko introduces new range of Home Appliances
- International Operations Business Group wins MEP project for Qiddiya Water Theme Park worth INR 942 Cr
2023
- Bags project orders worth INR 1770 crores for Power Distribution and Solar Projects
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800