Videocon

For the annual event, see VidCon.
Videocon Industries Limited.
Public Company
Traded as BSE: 532129
NSE: VIDEOIND
Industry Conglomerate
Founded 1979 (1979)
Founder Venugopal Dhoot[1]
Headquarters Mumbai, India
Key people
 Venugopal Dhoot
(Chairman & managing director)[1]
Products Consumer Electronics
Home Appliances
Components
Office Automation
Mobile phones
Wireless
Internet
Petroleum
Satellite television
Power
Revenue Increase₹320,000 million (US$4.8 billion)(2013–14)[2]
Profit Decrease₹-716.3 million (US$−11 million)(2012–13)[2]
Number of employees
 9,000 (2012)
Subsidiaries Videocon Telecom
Videocon d2h
Videocon Consumer Electronics & Home Appliances
Website www.videocon.com
videoconworld.com

Videocon Industries Limited is a large diversified Indian company headquartered in Mumbai.[3] 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.[4][5] The group is a US$5 billion global conglomerate.

Corporate profile

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.

Consumer electronics

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.[6]

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.[7]

Mobile phones

In November 2009, Videocon launched its new line of mobile phones.[8] 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.

In June 2015, Videocon Mobile launched its new smartphone 'Videocon Krypton3 V50JG'[9] in India.[10] It includes features like 12.7 cm (5 inches) screen with 5 Multi-Touch Point, Dragontrail X 2.5D Curved Glass, Quad Core 64-bit Processor, Smart Gesture Support, 3000mAh battery, Android 6.0 Marshmallow OS, 4G with VoLTE, 13MP Rear + 5MP Front Camera with LED Flash.

In July 2015, Videocon Mobiles launched its own flagship smartphone Videocon Infinium Z51+ in India.[11]

DTH

Main article: Videocon d2h

In 2009, Videocon launched its DTH product, called 'd2h'. As a pioneering offer in the Indian DTH market and introduced first radio frequancy remote in India, Videocon offered LCD & TVs with built-in DTH satellite receiver with sizes 19" to 42". This technology is known as DDB. It provides service with lesser transmission losses resulting in richer picture and sound quality. It also eliminates the need of separate set-top-box and it's remote. Videocon is the first brand to introduce DDB technology in India.

Telecommunication

Videocon Telecommunications Limited has a licence for mobile service operations across India. It launched its services on 7 April 2010 in Mumbai.

Retail

Videocon owns three retail brands : Planet M, DigiWorld and Next.

Petroleum

Videocon Petroleum has 25% stake in Ravva oil field which is operated by Cairn India in Andhra Pradesh.[12]

Acquisition of CPT arm of Thomson SA

Videocon acquired the colour picture tube (CPT) businesses from Thomson S.A. of France having manufacturing facilities in Poland, Italy, Mexico and China along with support research and development facilities in the fiscal year 2005.[13][14] The acquisition catapulted Videocon into the No. 3 slot in the global pecking order for CPTs.[15]

In 2005, Videocon Group took over Philips color TV plant and took over three plants of Electrolux India. Today, it has evolved into a conglomerate with annual revenues of over US$4.8 billion.

Awards and Recognition

See also

References

  1. 1 2 "Annual report" (PDF). videocon industries. Retrieved 11 October 2012.
  2. 1 2 "VIDEOCON INDUSTRIES LTD".
  3. ↑ https://videoconworld.com/reach-us
  4. ↑ "Tube Opportunist". Forbes.com.
  5. ↑ "Videocon Industries".
  6. ↑ "Company Profile". Videoconworld.com. Retrieved 29 July 2010.
  7. ↑ Singh, A. "Market share". Retrieved 31 October 2013.
  8. ↑ "Videocon Mobile Phones, Compare/Buy Online Mobile Phones Deals India". Videoconmobiles.com. Retrieved 29 July 2010.
  9. ↑ "Videocon Mobiles Krypton3". www.videoconmobiles.com. Retrieved 27 November 2016.
  10. ↑ "Videocon Krypton3 V50JG launch date". www.91mobiles.com. Retrieved 27 November 2016.
  11. ↑ Aditya Dey. "Videocon A55HD Launched in India for Rs. 13,499". TechStake. Retrieved 29 June 2013.
  12. ↑ "Ravva Oil and Gas Field, India". Offshore Technology. Retrieved 2016-01-01.
  13. ↑ http://www.thehindubusinessline.com/todays-paper/videocon-buys-thomsons-global-picturetube-biz-for-rs-1260-cr/article2181698.ece
  14. ↑ "Videocon FY 2006 Annual Report" (PDF). videoconworld.com.
  15. ↑ "Business Today Article on Videocon December 2006" (PDF). videoconworld.com.
  16. ↑ "India's Most Trusted Brands 2014". Archived from the original on 2 May 2015.

External links

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