Videocon Group

Videocon Industries Limited
Company typePrivate
ISININE703A01011
IndustryConglomerate
Founded1979; 45 years ago (1979)
FounderVenugopal Dhoot[1]
Headquarters,
India
Area served
Worldwide
Key people
Venugopal Dhoot
(Chairman & MD)[1]
Products
RevenueDecrease ₹12,828.6 crore
(US$1.95 billion) (2017)[2]
Decrease ₹1,915.67 crore
(US$291 million) (2017)[2]
Total assets₹35,738.5 crore
(US$5.43 billion) (2017)[2]
Total equity₹8,391.07 crore
(US$1.27 billion) (2017)[2]
OwnerVedanta Resources
Number of employees
10,000 (2012)
Websitevideoconindustriesltd.com

Videocon Industries Limited is an Indian multinational conglomerate, headquartered in Mumbai.[3] The company was founded in 1979, by Venugopal Dhoot. The group had 17 manufacturing sites in India and plants in Mainland China, Poland, Italy and Mexico. It was the third largest picture tube manufacturer in the world[4] valued at US$5.5 billion.[5]

The company stopped trading and entered corporate insolvency proceeding in June 2018. In June 2021, NCLT approved Vedanta Group's bid to take over Videocon, paving the way for the new ownership.[6]

  1. ^ a b "Annual report" (PDF). videocon industries. Archived (PDF) from the original on 30 August 2018. Retrieved 29 August 2018.
  2. ^ a b c d "Financial Reports". Videocon Industries Limited. Archived from the original on 19 May 2018. Retrieved 4 June 2018.
  3. ^ "Videocon Industries Investor Relations: Corporate Governance". Archived from the original on 5 June 2018. Retrieved 4 June 2018.
  4. ^ "Tube Opportunist". Forbes.com. Archived from the original on 31 December 2019. Retrieved 31 December 2019.
  5. ^ "Videocon unit takes off". 30 August 2015. Archived from the original on 9 July 2018. Retrieved 22 May 2017.
  6. ^ "Vedanta arm gets nod for Videocon takeover". The Indian Express. 9 June 2021. Retrieved 16 December 2021.