Videocon
 |
|
| Public Company | |
| Traded as | : : VIDEOIND |
| Industry | Conglomerate |
| Founded | 1979 |
| Founder | Venugopal Dhoot |
| Headquarters | Mumbai, India |
|
Key people
|
Venugopal Dhoot (Chairman & managing director) |
| Products |
Consumer Electronics Home Appliances Components Office Automation Mobile phones Wireless Internet Petroleum Satellite television Power |
| Revenue |
 ₹320,000 million (US$4.8 billion)(2013–14) |
| Profit |
 ₹-716.3 million (US$−11 million)(2012–13) |
|
Number of employees
|
9,000 (2012) |
| Subsidiaries |
Videocon Telecom Videocon d2h Videocon Consumer Electronics & Home Appliances |
| Website |
www videoconworld |
Videocon Industries Limited is a large diversified Indian company headquartered in Mumbai. The group has 17 manufacturing sites in India and plants in Mainland China, Poland, Italy and Mexico. It is the third largest picture tube manufacturer in the world. The group is a US$5 billion global conglomerate.
The Videocon group's core areas of business are consumer electronics and home appliances. They have recently diversified into areas such as DTH, power, oil exploration and telecommunication.
In India, the group sells consumer products like colour televisions, washing machines, air conditioners, refrigerators, microwave ovens and many other home appliances, through a multi-brand strategy with the largest sales and service network in India.
Since the entry of Korean Chaebols and their rising popularity in the Indian market, Videocon from a stand-point of market leader has seen a slow decline to become a no. 3 player in India. The company continues to do well in the washing machine and refrigerator segment. The decline in sales of Videocon is due to the mindset of Indian people who crave for foreign brands.
In November 2009, Videocon launched its new line of mobile phones. Videocon has, since launched a number of handsets ranging from basic colour FM phones to high-end Android devices. In February 2011, Videocon Mobile Phones launched the hitherto unknown concept of 'Zero' paise (1 paise is the 100th unit of 1INR) per second with bundled SIM cards of Videocon mobile services for 7 of its handset models.
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Wikipedia