Corporate Intelligence  - ( 10/11/2024 To 16/11/2024  )

Voltas

Voltas Limited, is an Indian multinational Home appliances company 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 (DPG) and International Operations Business Group (IOBG). Meanwhile, the products business is classified into Unitary Products Business Group (UPBG), Mining & Construction Equipment Division (MCED), and Textile Machinery Division (TMD).

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 (a subsidiary of Arçelik, part of the Koç Group making the Beko brand of home appliances). 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 (Air Conditioner)’, 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 (WARC). 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 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.

Blue Star

Blue Star Limited is an Indian Multinational company specialising in designing, developing, manufacturing and marketing a wide variety of products in the air conditioning and commercial refrigeration industry and is headquartered in Mumbai, India. It is the country's second largest homegrown player in the air conditioning space.

Blue Star was founded in 1943 by Mohan T Advani as a reconditioning company. Soon after inception, Blue Star ventured into the manufacturing of ice candy machines and bottle coolers and began the design and execution of central air conditioning projects, followed by the manufacturing of water coolers. The company later expanded into new product lines and began exporting to Dubai. It went public in 1969 with an initial public offering, listing on the Bombay Stock Exchange. In the late 2000s, Blue Star ventured into the electrical, plumbing and fire-fighting contracting businesses, offering customers an integrated mechanical, electrical, and plumbing (MEP) solution. It then forayed into the residential air conditioning segment a few years later, along with entering the water and air purification segments as well as the engineering facility management (EFM) space recently.

Blue Star has four manufacturing plants, which are located in Dadra, Kala Amb, Wada, and Ahmedabad. In addition, the company is currently in the process of setting up a plant in Sri City.

Blue Star has a presence in 18 countries in the Middle East, Africa, SAARC and ASEAN regions.Blue Star has three Joint Ventures in Oman, Qatar and Malaysia. The company has subsidiaries in UAE, Qatar and India. The company serves the Middle East market via its UAE subsidiary. The company's subsidiary in India is called Blue Star Engineering & Electronics Ltd.

Whirlpool Corporation

The Whirlpool Corporation is an American multinational manufacturer and marketer of home appliances, headquartered in Benton Charter Township, Michigan, United States. In 2023, the Fortune 500 company had an annual revenue of approximately $19 billion in sales, around 59,000 employees, and more than 55 manufacturing and technology research centres globally.

The company markets Whirlpool, Maytag, KitchenAid, JennAir, Amana, Gladiator GarageWorks, Inglis, Estate, Brastemp, Bauknecht, Ignis, Indesit, and Consul. Their website also mentions Diqua, Affresh, Acros, and Yummly brands.

In the US, Whirlpool has eleven manufacturing facilities: Amana, Iowa; Tulsa, Oklahoma; Cleveland, Tennessee; Clyde, Ohio; Findlay, Ohio; Greenville, Ohio; Marion, Ohio; Ottawa, Ohio; and Fall River, Massachusetts.

 

 

  

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