Videocon is one of the largest corporate groups in
India. Here is a brief profile and HISTORY OF Videocon Industries Ltd.
Videocon
Videocon is an Indian multinational with interests in Consumer
Electronics, Home Appliances, Colour Picture Tube Glass, and Oil &
Gas. Videocon was founded in 1987 by Nandlal Madhavlal Dhoot. At that
time it used to manufacture TV and Washing Machine. In 1989-90, Videocon
started manufacturing Home Entertainment Systems, Electric Motors &
AC. Videocon entered Refrigerators and coolers segment in 1991. In 1995,
Videocon started manufacturing Glass shells for CRT and in 1996 it
ventured into Kitchen appliances and crude oil segment. In 1998,
Videocon started manufacturing Compressors & Compressor Motors. In
the year 2000, Videocon tookover Philips Color TV Plant. In 2005,
Videocon tookover 3 plants of Electrolux India and acquired Thomson CPT.
Today, it has evolved into a giant conglomerate with annual revenues of
over U$4.1 billion.
Business Interests of Videocon
Consumer Electronics & Home Appliances: Videocon enjoys
leadership position in consumer products like Colour Televisions,
Washing Machines, Air Conditioners, Refrigerators, Microwave ovens and
numerous other home appliances. Videocon's refrigerator manufacturing
enjoys synergy with its inhouse compressor manufacturing technology in
Bangalore.
Display industry and its components: After the acquisition of
Thomson in 2005, Videocon has emerged as one of the largest Colour
Picture tube manufacturers in the world. It has plants in Mexico, Italy,
Poland and China and manufactures a range of high-tech products such as
slim CPT, extra slim CPT and High Definition 16:9 format CPT.
Colour Picture Tube Glass: Videocon is one of the largest CPT
Glass manufacturers in the world. It has plants in Poland and India.
Videocon's CPT Glass manufacturing complements its Colour Picture tube
manufacturing business.
Oil and Gas: Videocon Group has interests in oil & gas
exploration, prospecting and intends to get into gas distribution. It
produces 7% of all oil in the private sector in India. Videocon's Ravva
oil field has one of the lowest operating costs in the world and it
produces 50,000 barrels of oil per day. Videocon is also actively
looking for exploration and production opportunities in countries like
Oman, Australia and the Timor Sea near Indonesia.
Major Achievements of Videocon Industries Ltd:
- The largest panel production facility in the world under one roof
providing very high economies of scale
- One of the world's largest and most respected CRT glass
manufacturers
- Firing the largest furnace of its kind in the world with a tank
size of 3300 sq ft
- One of the few companies in the world to convert sand to TV
- One of the largest and most acknowledged CPT manufacturer in the
world
- Manufactured India's first rust-free Washing Machine
Note: The above information was last updated on 21-07-2007
