Building on leadership
Over more than five decades, Voltas has reached a position of leadership in its businesses and markets. Some highlights:
   
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Voltas is India's largest air conditioning company
   
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‘Voltas’ is India's No 1 air conditioner brand.
 
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Voltas is one of India's most trusted names in textile machinery and mining & construction equipment.
 
Corporate news

Voltas acquires majority stake in Rohini Industrial Electricals

August 12, 2008, Mumbai: The Board of Directors of Voltas Limited today announced entering into definitive agreements to acquire a majority stake in Rohini Industrial Electricals (RIE), a Mumbai-based company engaged in undertaking large turnkey Electrical & Instrumentation projects for industrial and commercial sectors, subject to customary conditions precedent.

Voltas will pay a consideration of around Rs. 62 crores for 51% stake in RIE (subject to adjustments, if any, at completion). Both the parties have agreed that Voltas can increase its equity stake in RIE upto 100% in future.

On completion of the proposed transaction, RIE has become a subsidiary of Voltas. However, there is no change in RIE’s management team, which is led by Mr Prashant Kandoi and Mr Gopal Kandoi, who continue with RIE as MD and ED, respectively.

Electro-Nechanical (EM) projects and Voltas capabilities
EM solutions include Heating, Ventilation & Air Conditioning (HVAC), electrical & power management, plumbing, fire-fighting & security, Integrated Building Management Systems (IBMS), Indoor Air Quality (IAQ) and other specific applications.

Voltas has a strong track record in electro-mechanical projects in the Middle East and South East Asia. Over the last few years, Voltas brought the concept of turnkey EM solutions to India as well. With turnkey offerings, Voltas is in a position to address a long-felt need for customized solutions from a single provider. Such solutions offer to customers various savings in cost and time, higher quality standards and greater compatibility.

Landmark EM projects by Voltas – in India and overseas
Some recent landmark projects overseas have been Dubai’s Mall of the Emirates, Abu Dhabi’s Emirates Palace Hotel, and the upcoming Burj Tower, which will be the world’s tallest building. Voltas has also completed or secured various prestigious orders in India: the greenfield Hyderabad International Airport, Palm Beach Galleria Mall in Navi Mumbai, Fortis Hospital in New Delhi, and Godrej Waterside IT Park in Kolkata, with several more on the horizon.

Rohini Industrial Electricals (www.rohinielectricals.com)
RIE, established in 1983, has a strong track record in high tension as well as low-tension applications in Public and Private Sector Undertakings, and achieved net revenues of more than Rs. 120 crores in FY 2007-08 with healthy margins.

The new relationship with RIE will enable Voltas to expand its scope of offerings to customers; this combination will provide a single-point solution to customers from diverse industries.