Videocon

Infobox Company
name = Videocon Industries

type = Private Conglomerate
genre = Conglomerate
foundation = 1987
founder = flagicon|IND Nandlal Madhavlal Dhoot
location_city = flagicon|IND Aurangabad, Maharashtra
location_country = India
location =
locations =
origins =
key_people = Venugopal Dhoot
area_served = Consumer Electronics
Home Appliances
Components
Office Automation
Internet
Petroleum
Power
industry = Consumer Durables, Oil and Gas etc.
products =
services =
revenue = gain U$4.1 billion
operating_income =
net_income = gain U$276 million
num_employees =
parent =
divisions =
subsid =
owner = Venugopal Dhoot
slogan = "The Indian Multinational"
homepage = http://www.videoconworld.com
dissolved =
footnotes =

Videocon is an industrial conglomerate with interests all over the world and based in India. The group has 17 manufacturing sites in India and plants in China, Poland, Italy and Mexico. It is also the third largest picture tube manufacturer in the world. [cite web|url=http://members.forbes.com/global/2007/0108/030.html|title=Tube Opportunist|publisher=Forbes.com] [cite web|url=http://www.videoconindustries.com|title=Videocon Industries]

Corporate Profile

The Videocon group has an annual turnover of US$ 4.1 billion, making it one of the largest consumer electronic and home appliance companies in India. Since 1998, it has expanded its operations globally, especially in the Middle East. [cite web|url=http://members.forbes.com/global/2007/0108/030.html|title=Tube Opportunist|publisher=Forbes.com]

Today the group operates through three key sectors:

Consumer Electronics

In India the group sells consumer products like Colour Televisions, Washing Machines, Air Conditioners, Refrigerators, Microwave ovens and many other home appliances, selling them through a Multi-Brand strategy with the largest sales and service network in India.Videocon Group brands include Sansui,Toshiba,Electrolux ,Kenstar,Next etc.

Colour Picture Tube Glass

Videocon is one of the largest CPT Glass manufacturers in the world, operating in Mexico, Italy, Poland and China.

Oil and Gas

An important asset for the group is its Ravva oil field with one of the lowest operating costs in the world producing 50,000 barrels of oil per day.

Possible Purchase Of General Electric's Appliance Division

On May 23, 2008, Videocon announced that it is studying an invitation from General Electric (GE) to bid for its century-old appliances division, , which it has put up for sale. [ [http://www.business-standard.com/common/news_article.php?leftnm=1&subLeft=1&chklogin=N&autono=323933&tab=r Videocon may bid for GE's appliances division ] ]

References