Voltas Limited: An Engineering, Air Conditioning and Refrigeration Company

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Company Introduction
Voltas Limited (BSE: 500575) is an engineering, air conditioning and refrigeration company based in Mumbai, India. It makes equipments for industries in areas such as heating, ventilation and air conditioning, refrigeration, construction equipment, materials handling, water management, building management systems, indoor air quality and chemicals. The Company was Incorporated on 6th September 1954 at Mumbai. The Company was promoted in 1954 by M/s. Volkart Brothers and Tatas Voltas is a part of the Tata Group. The managing director is Mr. Sanjay Johri. Its shares are traded on the Bombay Stock Exchange under symbol 500575 with a turnover of 4300 Crore ($920,200,000 USD) in 2008-09. Voltas provided the air-conditioning for the world's biggest ocean liner, the RMS Queen Mary 2 and also the world's tallest building, the Burj Khalifa.[3] Voltas have large Service Network. Voltas have own service center in each major city. The List are below: Grewal Cooling Solutions, Ludhiana.

Kool Master, Ram Darbar, Chandigarh.

HRD at Voltas
Human resource development was initiated at Voltas by Top Management who always believed that their people are their strength. This belief has been brought to focus in the last few years through mechanism like performance appraisal, counseling, management development, communication policy, potential appraisal, training etc. Voltas did not have separate HRD department apart from their training and manpower development unit which was a part of the Personnel department. However HRD culture was attempted to be brought in the company in a variety of ways. In 1977 itself, while reviewing the reasons for its poor performance, the Managing Director identified the inadequate attention paid to the development of human resources as one of them. In order to ensure development of human resources and generate healthy organizational climate, a communication policy was evolved. This policy aimed at wider participation in decision...
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