29-09-2012, 04:34 PM
VOLTAS LTD
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INTRODUCTION
An 9001:2008 & ISO 9001:2000 certified company, offering Water & Sewage Treatment, HVAC, Electrical & Instrumentation, Public Health Engineering, Indoor Air Quality (IAQ), Fire Protection & Security Systems, etc.With the head office in Mumbai, Delhi, Chennai and Kolkata, Voltas Ltd., are known as the world's premier engineering solutions providers and project specialists founded in the year 1954 they are blessed with the legacy of the parent Tata Group, who has helped us in returning benefits to society while serving the community and nation. They have created an eminent position in the market as a leading manufacturer, exporter, supplier and service provider of Water & Sewage Treatment, HVAC, Electrical & Instrumentation, Public Health Engineering, Indoor Air Quality (IAQ), Fire Protection & Security Systems, etc. Apart, we also offer Process Design, Detailed Engineering, Supply Of Equipment, Inspection & Quality Assurance, Erection & Commissioning, Operation & Maintenance, Operator Training services, and many more as per demand of the customers.
The sole aim of the organization is to provide world class range of products to our esteemed clientele. For this, they make use of best quality raw materials as well as latest production techniques to develop our products. This helps them in meeting varied requirements of the clients with utmost precision and accuracy. In order to serve various industry in best possible manner, the company have appointed a dexterous team of professionals who possess rich industrial knowledge and have immense domain expertise. Capitalizing on state-of-the-art facilities and proficient skills of their workforce and are successfully catering to the needs of renowned sectors across the country. Today Voltas is a global air conditioning & engineering services company.
Electro-Mechanical Projects & Services (EMPS)
Voltas has been in the business of providing Heating, Ventilation, Central Air-Conditioning &
Refrigeration solutions to commercial buildings & complexes. This business is popularly known as
HVACR. Lately and especially in the Middle East & South East Asia, it has expanded this business
from HVACR to EMPS. Besides HVACR, EMPS also includes providing electrical system, building
management system, lift management system, security system, information management system,
etc. These solutions are provided on turnkey basis. Voltas manufactures key equipments like Central
AC plants, Chillers, Commercial air conditioners & refrigerators required for these projects. Other
equipments are procured from outside.
In India, it mainly executes HVACR projects, as EMPS concept has not yet taken off in India.
International projects are mainly EMPS projects. It has executed projects in over 30 countries. It’s
India’s largest exporter in the field of Electro-Mechanical. Blue Star, Carrier Aircon, and ETA are
major competitors in India. Voltas has 25% market share in the domestic market in this business.
For international projects, it competes with many other players. In this business, Voltas is currently
executing projects in India and the Middle East with total order book size of Rs.24bn. It customers
are from diverse sectors such as Airports, Malls, Hotels, large commercial and residential projects, IT
& ITES, and Hospitals. It also provides maintenance services to smaller projects. Large projects
arrange for the maintenance on their own.
Textile Machineries
It distributes spinning, knitting, and weaving machineries & accessories. In spinning, it represents
LMW group and has over 60% market share. Voltas does 75% of LMW’s sales, balance is done by
LMW group co Super Sales. Voltas makes 4% commission on these sales. In knitting & weaving, it
represents Terrot, Germany and Heliot, France. Some of its competitors are Kirloskar Toyota (ring
frames for spinning) and India Card Clothing (carding equipment for spinning).
Machine tools
It represents 11 manufacturers from India, Germany, Switzerland, and Japan. It is one of the
leading machine tools suppliers in India mainly for automotive segment. It recently added food
processing equipments in the range.
Mining & construction equipments
Voltas represents seven manufacturers from the US, Switzerland, Australia, the UK, and Korea. Coal
India is its major customer for mining equipments. In this business, it competes with companies like
BEML, L&T, and Ingersoll Rand. Voltas is market leader in Mobile Crushers for road construction.
Material handling equipments
It represents three principals from Sweden, Germany, and France and sells mainly to automobile
segment. In this business, it also does manufacturing of Forklift Trucks and is now amongst the
largest manufacturers of forklift trucks with 36% market share in India. Godrej is a major competitor
in Forklifts.
Unitary Cooling Products for comfort & commercial use (UCP)
This business segment involves marketing & distribution of branded air conditioners (Window ACs,
Split ACs, Specialized ACs) commercial refrigerators, water coolers, and water dispensers for use in
residences, offices and other commercial establishments. It imports some of its products for sale in
India and also exports some of the products that it makes here.
Voltas is market leader in water coolers, commercial freezers & coolers. It supplies deep freezers,
visi-coolers, chest freezers and other commercial cooling systems under Coldcel brand to customers
like Pepsi, Nestle, Cadbury, Mother Dairy, and Amul. It manufactures water coolers, dispensers and
commercial refrigerators itself.
VISION AND MISSION
VISION
The Voltas story demonstrates that an ambitious goal and vision can drive both internal transformation and business growth.
Thirteen years ago, Voltas was on the verge of shutting down that is when Voltasformulated a brand new vision plan named "MEGAVOL".
Megavol — a business plan that aimed to achieve Rs100,000 million turnover with 10 per cent profitability by 2010-11.
“The Company plan involves pursuing both organic and inorganic growth.
MISSION
Voltas is determined to strengthen our position in exiting geographical locations and focus to rapidly expand our business into selected new overseas markets in the field of Electrical and Mechanical and related projects by offering high quality, cost effective project management and engineering services to meet the requirements of our valuable customer.
Their mission also includes:
Minimizing wasteful energy consumption in their branded products.
Forming representations and alliances with global technology leaders who also follow a Green path.
Offering and encouraging the use of technologies that purify the air, lower energy costs, and purify polluted water and industrial/urban effluents.
CONCURRENT EMPLOYEMENT
Consistent with applicable laws, an employee of a Tatacompany shall not, without the requisite, officially writtenapproval of the company, accept employment or aposition of responsibility (such as a consultant or adirector) with any other company, nor provide freelanceservices to anyone, with or without remuneration. In thecase of a full-time director or the chief executive, suchapproval must be obtained from the board of directors ofthe company.
CONFLICT OF INTEREST
An employee or director of a Tata company shall always actin the interest of the company, and ensure that anybusiness or personal association which he / she may havedoes not involve a conflict of interest with the operationsof the company and his / her role therein.Independent directors of a Tata company shall complywith applicable laws and regulations of all the relevant
regulatory and other authorities. As good governancepractice they shall safeguard the confidentiality of allinformation received by them by virtue of their position,but they need not be bound by all other conflicts that areapplicable to employees or executive directors.