Videocon Group was set up in 1987 by Nandlal Madhavlal Dhoot. The Group Videocon is one of India's leading groups in home appliances and consumer electronics. The group is engaged in the manufacture of audio high- end systems, color TVs, VCDs, washing machines, air- conditioners, no- frost refrigerators, and trans chillers.
The Label Videocon has also entered the sector of power and petroleum. The group is the 3rd biggest manufacturer of picture tube in the whole world. Videocon Group produced the country's 1st washing machine that was rust- free.
Videocon Label has 17 production facilities in India and it also has plants in Mexico, China, Italy, and Poland. All the manufacturing facilities of the group are highly technologically advanced. This has ensured that Videocon Group's products are of high quality. The Group Videocon is worth around US$ 4.1 billion and its brand portfolio includes Sansui, Kelvinator, Toshiba, Kenstar, Hyundai, Akai, and Electrolux.
The various sectors in which Videocon Group functions are:
- Gas & oil
- Display industry and various components
- Home appliances, compressor, and consumer electronics manufacturing
- Color tube picture glass
The various companies under Videocon Group are:
- Videocon Industries Ltd
- Videocon Appliances Ltd
- Videocon International Ltd
Videocon Appliances Ltd is a company that is under the Label Videocon. The company is engaged in the production of home appliances like microwave ovens, air- conditioners, refrigerators, and washing machines. The total income of Videocon Appliances Ltd amounted to Rs. 2908.90 million in 2006- 2007 and the net profit stood at Rs. 38.30 million.
Videocon International Ltd is another company that is under the Videocon Group. The company is the country's leading producer of electronic consumer products. Videocon International Ltd manufactures audio products, color TVs, and black & white TVs. The company manufactures a wide range of stereo radio, Kenwood Hi Fi Digital systems, audio home systems, and personal and recorders stereos. The total income of Videocon International Ltd amounted to Rs. 9884.30 million in 2005- 2006 and the next year, this figure stood at Rs. 12717.80 million. The net profit of the company amounted to Rs. 435.80 million in 2005- 2006 and the next year this figure increased to Rs. 665.50 million.
Videocon Group has become a leading group in its sector due to the high quality of its products which has led to customer satisfaction and loyalty. And so in the future also the Group Videocon must continue to supply good quality of products to its customers for this will ensure that it will be able to retain its leadership position in the market.
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