Videocon

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Videocon Industries
Type	Private Conglomerate
Genre	Conglomerate
Founded	1987
Founder	Nandlal Madhavlal Dhoot
Headquarters	Aurangabad, Maharashtra, India
Area served	Consumer Electronics Home Appliances Components Office Automation Internet Petroleum Power
Key people	Mr. Venugopal dhoot
Industry	Consumer Durables, Oil and Gas etc.
Revenue	▲ U$4.1 billion
Net income	▲ U$276 million
Owner	Mr. Venugopal dhoot
Website	http://www.videoconworld.com

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. ^{[1] [2]}

Contents 1 Corporate Profile 1.1 Consumer Electronics 1.2 Colour Picture Tube Glass 1.3 Oil and Gas 2 Possible Purchase Of General Electric's Appliance Division 3 References

[edit] 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.^[3]

Today the group operates through three key sectors:

[edit] 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.

[edit] Colour Picture Tube Glass

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

[edit] 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.

[edit] 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.^[4]

[edit] References