Tata-owned Voltas Ltd, a leading home appliances and air-conditioning company, has announced that its Managing Director and Chief Executive Officer, Pradeep Bakshi, will step down after completing his term in August 2025. The development was first reported by The Economic Times.
Voltas has appointed Mukundan Menon, currently the Executive Director and Head of the Room Air Conditioners Business, as Bakshi’s successor. Menon will assume the role of MD designate in April 2025 and take full charge as Managing Director by September.
Bakshi has been an integral part of Voltas for over two decades, bringing a wealth of experience in the consumer durables and appliances industry. Under his leadership, Voltas strengthened its position as a market leader in air conditioning and home appliances.
His achievements include:
Named ‘Appliances Man of the Year 2013’
Recipient of the President’s Award for Energy Conservation
Led Voltas to maintain dominance in the Indian AC market
With Mukundan Menon set to take over, Voltas aims to continue its leadership in air conditioning and consumer durables while adapting to evolving market demands. The company is expected to focus on innovation, sustainability, and expansion in both domestic and international markets.
Key Highlights:
- Pradeep Bakshi, MD & CEO of Voltas, to step down in August 2025.
- Mukundan Menon will take over as MD & CEO from September.
- Bakshi has been instrumental in Voltas’s market leadership and has won multiple industry accolades.
- The transition signals Voltas’s continued focus on innovation and growth.