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| While Voltas itself turned around two years back, after reporting its first ever loss in 1996-97, the bleeding subsidiaries continued to incur losses eating into the profits of the parent firm. |
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| The Dubai-based Metrovol FZE, a wholly owned subsidiary of Voltas, recorded profits to the tune of Rs one crore for the 2002-03 year. |
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| Simto Investment Company, another Voltas arm, has reported a profit of Rs 17.58 lakh for the year ended March 31, 2003, compared with a loss of Rs 1.47 crore in the previous year. |
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| Voltas Air International (VAIL), earlier a joint venture with Air International Group of Australia, and now known as Auto Aircon India, has also recorded a profit of Rs 47.12 lakh compared with losses in the previous years. |
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| Voltas took over the entire equity capital of Rs 11.3 crore held by Air International December 2002. |
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| Perfect Moulds, another subsidiary, has reported a net profit of Rs 48 lakhs after the joint venture agreement with Sermo Montaigu of France, a leading mould manufacturer for the automotive sector in Europe. |
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| Virat Investment Company and Voltas Systems were amalgamated with the parent company in April 2002 as part of the restructuring process. |
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| According to company reports, this amalgamation facilitated availability and better utilization of liquid resources which augmented the profit margins. |
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| The restructuring exercise at Voltas also included sell off of some of its subsidiaries, and divestment of stake from other joint ventures. |
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| Voltas itself sold its chemicals business to group company Rallis, divested the thermostat division, and formed a joint venture in white goods with Electrolux, from which it later existed. |
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