Fortune India 500 2025 edition
Rank#178- Total income
- ₹15,920 Cr
- Profit
- ₹841 Cr
Last year #189
Voltas Limited - engineering in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Active Listed - NSE: VOLTAS · BSE: 500575 Public Limited Company engineering Fortune India 500 · #178 Nifty 500
Revenue · FY 2026
₹14,483 Cr
▼ 8% YoY
Net profit · FY 2026
₹392.83 Cr
Net margin 2.7%
EBITDA · FY 2026
₹489.84 Cr
EBITDA margin 3.4%
Authorised capital
₹150 Cr
Registered with MCA
Paid-up capital
₹33.09 Cr
Issued & subscribed
Open charges
₹90.76 Cr
Satisfied ₹2,359.51 Cr
Company age
72 yrs
Est. 1954
Employees · EPFO
1,809
Provident fund records
About Voltas Limited
Data last updated:
Voltas Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the engineering sector. It was incorporated on 06 September 1954 and has been in existence for over 72 years.
Voltas is ranked #178 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices. Its director Noel Naval Tata is #350 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L29308MH1954PLC009371. Its GSTIN is 27AAACV2809D1ZM (Maharashtra). The company holds 34 GST registrations, of which 29 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 500575 and NSE: VOLTAS.
The company has an authorised share capital of ₹150 Cr and a paid-up capital of ₹33.09 Cr. It is led by directors including Mukundan C P Menon (Managing Director) and Noel Naval Tata.
Its last annual general meeting (AGM) was held on 08 July 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Voltas House 'A'Dr Babasaheb Ambedkar Rd Chinchpokli, Mumbai, Maharashtra, India – 400033.
As per the financials filed for FY 2026, the company reported a revenue of ₹14,483 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹392.83 Cr (net margin 2.7%) and EBITDA of ₹489.84 Cr (EBITDA margin 3.4%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 14% over five years.
The company has about 1,809 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries and 2 joint ventures.
The company is associated with 1 brand: Voltas. As per MCA filings, the company has open charges of ₹90.76 Cr and satisfied charges of ₹2,359.51 Cr on record. Court records list 1,700 cases involving the company, including 945 filed by the company and 756 filed against it; 209 cases are pending. The company has 38 deals on record (34 market trades, 3 secondary share transfers, 1 acquisition); the latest was in July 2025. The company has 106 MSME Form 1 returns on record between 2009 and 2024, listing 7,018 overdue payments to 1,047 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website voltas.com.
Company details
CIN L29308MH1954PLC009371
Registration Number 009371
Incorporation Date 06 September 1954
ROC Mumbai
Listing Status Listed - Listed on NSE (VOLTAS); Listed on BSE (500575)
Company Status Active
Date of Last AGM 08 July 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
CIN history
Voltas has one previous CIN (Corporate Identification Number): L29308MH1954SGC009371. The current CIN is L29308MH1954PLC009371, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L29308MH1954PLC009371 | Current |
| L29308MH1954SGC009371 | Previous |
Key People
Mukundan C P Menon Managing Director Noel Naval Tata Director Vinayak Kashinath Deshpande Director Recognitions & Rankings of Voltas
India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#114- Valuation
- ₹58,390 Cr
2023 #158 2022 #139 2021 #104
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #350 Noel Naval Tata ₹10,700 Cr
Stock market indices
Nifty 500 BSE 500
Contact details
Voltas Limited's registered office is in Mumbai, Maharashtra. Its website is voltas.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVoltas House 'A'Dr Babasaheb Ambedkar Rd Chinchpokli, Mumbai, Maharashtra, India – 400033
- IndustryEngineering, Engineering, Procurement & Construction (EPC)
To see the full contact details of Voltas Limited, buy the company report.
Comprehensive company report
Voltas Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Voltas operates one associated brand: Voltas. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Air conditioners and coolers are manufactured and distributed by Voltas. | voltas.com |
Business activity
The main business activities of Voltas are trade and construction. In detail, this covers retail trading and demolition & site preparation, electrical, plumbing & other specialized construction activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | |
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities |
To see the full business activity and turnover split of Voltas Limited, buy the company report.
Financials of Voltas Limited
FY 2026 filings availableVoltas Limited reported revenue of ₹14,483 Cr (down 8% YoY) for FY 2026.
Revenue · FY 2026
₹14,483 Cr ▼ 8%
Net profit · FY 2026
₹392.83 Cr margin 2.7%
EBITDA · FY 2026
₹489.84 Cr margin 3.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 8%
3 years · compounded
▲ 14%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▼ 51%
3 years · compounded
▲ 33%
5 years · compounded
▼ 3%
Revenue fell 8% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. EBITDA fell 51% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹14,483 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹489.84 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹392.83 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.4% | ||||
| Net Profit Margin | 2.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Voltas Limited, buy the company report.
Board of directors of Voltas Limited
Voltas has 10 current directors and 26 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Noel Naval Tata | Director | 27 Jan 2003 | 23 Years 9 Months | Current |
| Vinayak Kashinath Deshpande Also directs: Praj Industries Limited, Kirloskar Brothers Limited, Pune Knowledge Cluster Foundation and 3 more | Director | 14 Feb 2012 | 14 Years 8 Months | Current |
| Arun Adhikari Kumar Also directs: Aditya Birla Fashion and Retail Limited, Hindalco Industries Limited, Aditya Birla Lifestyle Brands Limited and 3 more | Director | 08 Jun 2017 | 9 Years 4 Months | Current |
| Saurabh Mahesh Agrawal Also directs: Tata Steel Limited, Tata Sons Private Limited, The Tata Power Company Limited and 5 more | Director | 21 Jan 2021 | 5 Years 9 Months | Current |
| Sonia Singh Also directs: Voltbek Home Appliances Private Limited, Kansai Nerolac Paints Limited, Pfizer Limited and 3 more | Director | 07 Mar 2025 | 1 Years 7 Months | Current |
| Aditya Sehgal | Director | 30 Aug 2024 | 2 Years 1 Months | Current |
Showing 6 of 10 current directors. View all directors
Auditor
Voltas Limited is audited by S R B C & CO LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO LLP | FY 2024 | 324982E/E300003 |
Shareholding
The shareholding of Voltas Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Voltas Limited, buy the company report.
Charges & borrowings
Open charges
₹90.76 Cr
Satisfied charges
₹2,359.51 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 May 2023 | 100720604 | Bank of India | ₹5.66 Cr | Open | |
| 01 Apr 2005 | 90244391 | Bank of Baroda | ₹4.8 Cr | Open | |
| 27 Jun 1996 | 90240235 | United Bank of India | ₹2.1 Cr | Open | |
| 27 Jun 1996 | 90243287 | United Bank of India | ₹50 Lakh | Open | |
| 22 May 1996 | 90240223 | American Express Bank Ltd | ₹14.34 Cr | Open |
To see the full charge records of Voltas Limited, buy the company report.
Total charge records: 101 View all charges
Deals & funding
Voltas Limited has 38 deals on record (34 market trades, 3 secondary share transfers, 1 acquisition); the latest was in July 2025.
Total deals
38
Market trades
34
Secondary share transfers
3
Acquisition
1
Deals on record (5 of 38)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2025 | Market trade | ₹11.84 Cr | Buyer: The Mtbj Ltd As Trst For Government Pension Investment Fund Mtbj400045849 Seller: The Mtbj Ltd As Trst For Govrnmnt Pension Invstmnt Fund Mtbj400045828 |
| Aug 2019 | Secondary share transfer | Undisclosed | Buyer: Tata Mutual Fund, Premjiinvest, Icici Prudential Mutual Fund Seller: HDFC Mutual Fund, IDFC Mutual Fund, Franklin Templeton Investment Funds |
| Aug 2018 | Secondary share transfer | Undisclosed | Buyer: Sbi Mutual Fund, Standard Life Pacific Basin Trust, The Tata Power Company Limited Seller: 4 individuals |
| Feb 2012 | Market trade | ₹22.06 Cr | Seller: Icici Prudential Life Insurance Company Limited |
| May 2011 | Acquisition | ₹110.68 Cr | Buyer: Kion India Private Limited Seller: Voltas Limited |
To see the full deal history of Voltas Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Voltas Limited has 1,700 court cases on record: 945 filed by Voltas, 756 filed against it. 209 cases are pending and 1,491 are disposed.
Total cases
1,700
Filed by the company
945
Filed against the company
756
Pending
209
Disposed
1,491
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 926 | 386 | 110 |
| District courts | 698 | 325 | 95 |
| Supreme Court | 67 | 39 | 3 |
| NCLAT | 5 | 5 | 0 |
| NCLT | 4 | 1 | 1 |
Cases on record (5 of 1,700)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Rolta India Limited | Pending |
| District court, East Singhbhum at Jamshedpur, Jharkhand | Commercial matter | Filed by the company against Material Handling Consultancy Pvt. Ltd. | Pending |
| High Court of Jharkhand | Writ petition | Filed by the company against Jharkhand Bijli Vitran Nigam Limited Through Its Managing Director and 5 others | Pending |
| High Court | Interim or miscellaneous application | Filed against the company by Rolta India Limited Mihir Modi | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Ms Ajay Infra Engineering Pvt Ltd Through Its Managing Director Shri Mahadev N Gaikwad | Pending |
To see the full case history of Voltas Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Voltas Limited was last rated by Icra on 10 May 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 10 May 2020 |
To see the full credit ratings and regulatory alerts of Voltas Limited, buy the company report.
MSME payment delays
Voltas Limited has 106 MSME Form 1 returns on record between 2009 and 2024, listing 7,018 overdue payments to 1,047 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 1,047)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Palam Plastics Private Limited | |||
| an individual supplier | |||
| True Force Facility Services | |||
| Nida Engineering Private Limited | |||
| Isko Engineering Private Limited |
To see the full MSME payment records of Voltas Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Voltas has 2 subsidiary companies, 2 joint ventures, and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
2
Subsidiary companies
2
Joint ventures
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Hi-Volt Enterprises Private Limited | U29299MH2021PTC367448 | |
| Universal Mep Projects & Engineering Services Limited | U74210MH1983PLC030705 |
To see the full group structure of Voltas Limited, buy the company report.
Employees & EPFO
Voltas Limited has a workforce of 1,809 employees on its EPFO records as of Apr 08, 2024, across 14 active EPFO establishments.
Employee count
1,809
Active EPFO establishments
14
Employee growth
-9.05%
GST
Voltas has 34 GST registrations: 29 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
34
Active
29
Cancelled / inactive
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACV2809D1ZM | Maharashtra | Active | 01 Jul 2017 |
| 27AAACV2809D2ZL | Maharashtra | Active | 14 Aug 2017 |
| 02AAACV2809D1ZY | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AAACV2809D1ZW | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Voltas Limited, buy the company report.
Recent activity
Voltas Limited has 60 board changes on record since 1997: 36 appointments and 24 cessations. The latest: Sunil Alaric Dsouza was appointed as Additional Director on 14 May 2026.
Appointed
Sunil Alaric Dsouza was appointed as Additional Director.
Filing
Voltas Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Ceased
Pradeep Kumar ceased to be Managing Director.
AGM
Voltas Limited last Annual general meeting of members was held on 08 Jul 2025 as per latest MCA records.
Appointed
Venkateswaran Sridhar Kadangode was appointed as CFO.
Ceased
Jitender Pal Verma ceased to be CFO.
Ceased
Anjali Bansal ceased to be Director.
Appointed
Sonia Singh was appointed as Director.
Charges
A charge registered on 27 Mar 2023 via Charge ID 100706005 with Others was fully satisfied on 05 Dec 2024.
Ceased
Bahram Navroz Vakil ceased to be Director.
Ceased
Debendranath Sarangi ceased to be Director.
Appointed
Aditya Sehgal was appointed as Director.
253 earlier events are in the company report.
News
VOLTAS: RS. 83.95 CRORES NSE BLOCK TRADE; FOR ~ 789,403 SHARES, AT RS. 1063.40
Small Appliance Makers Keep Prices Steady While Major Brands Raise Prices Before Festive Season; Big Appliance Makers Set To Increase Prices Starting October.
AC, TV & Appliances Prices To Increase Up To 8% From Oct 1 Ahead Of Festive Season - Newspaper
AC, TV, Washing Machine Prices Set To Rise 5 - 8% From October 1 As Electronics Makers Hike Prices - Newspaper( Voltas, Bluestar, Havells, Whirlpool )
Voltas: Jefferies on Voltas Maintains Buy with Target Price of ₹1,495 as market share gains and healthy secondary sales support volumes, but continued commodity and currency cost pressure despite 12% YTD price hikes is expected to weigh on margins and EPS.
From our blog
Frequently asked questions
Voltas is an active public limited company based in Mumbai, Maharashtra, India. The company works in the engineering industry. It was incorporated on 06 September 1954 (72+ years old) and is registered under CIN L29308MH1954PLC009371. Listed on BSE: 500575 and NSE: VOLTAS.
Voltas has 10 current directors:
- Mukundan C P Menon - Managing Director
- Noel Naval Tata - Director
- Vinayak Kashinath Deshpande - Director
- Arun Adhikari Kumar - Director
- Saurabh Mahesh Agrawal - Director
- Sonia Singh - Director
- Aditya Sehgal - Director
- Pheroz Naswanjee Pudumjee - Director
- Jayesh Tulsidas Merchant - Director
- Sunil Alaric Dsouza - Additional Director
The latest financial statements of Voltas on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 08 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Voltas is 27AAACV2809D1ZM, registered in Maharashtra. The company has 34 GST registrations in all, of which 29 are active and 5 are cancelled or inactive. Other active GSTINs include 27AAACV2809D2ZL (Maharashtra), 02AAACV2809D1ZY (Himachal Pradesh), 03AAACV2809D1ZW (Punjab).
The CIN (Corporate Identification Number) of Voltas is L29308MH1954PLC009371. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Voltas is a listed company as per MCA records. Its shares are listed on both BSE (code: 500575) and NSE (symbol: VOLTAS).
Voltas has 1,700 court cases on record: 945 filed by the company and 756 filed against it. 209 are pending. Most are in the high courts.
Voltas was incorporated on 06 September 1954, making it 72+ years old. It is registered with the Registrar of Companies, Mumbai.
Voltas has 38 deals on record (34 market trades, 3 secondary share transfers, 1 acquisition); the latest was in July 2025.
Sunil Alaric Dsouza was appointed as Additional Director on 14 May 2026. Pradeep Kumar ceased to be Managing Director on 01 Sep 2025. Venkateswaran Sridhar Kadangode was appointed as CFO on 25 Apr 2025. Voltas has 60 board changes on record in total.
Voltas has 106 MSME Form 1 returns on record between 2009 and 2024, listing 7,018 overdue payments to 1,047 micro and small suppliers. The latest return was filed on 30 Apr 2024.