|Traded as||BSE: 532129
(Chairman & managing director)
|Revenue||₹320000 million (US$4.8 billion)(2013–14)|
|Profit||₹-716.3 million (US$−11 million)(2012–13)|
Number of employees
Videocon Consumer Electronics & Home Appliances
Videocon Industries Limited is a large diversified Indian company headquartered in Mumbai. 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. The group is a US$5 billion global conglomerate.
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.
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 but has significantly lost ground in the consumer electronics space, thanks to the mindset of Indian people who crave for foreign brands
In November 2009, Videocon launched its new line of mobile phones. 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 July 2015, Videocon Mobiles launched its own flagship smartphone Videocon Infinium Z51+ in India for ₹5499.
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".
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. The acquisition catapulted Videocon into the No. 3 slot in the global pecking order for CPTs.
Awards and Recognition
According to the Brand Trust Report 2012 published by Trust Research Advisory, a brand analytics company, Videocon's was positioned 51st among India's most trusted brands. Subsequently, in Brand Trust Report 2013, Videocon was ranked 25th among the most trusted brands in India while according to the Brand Trust Report 2014, L&T was elevated to the 17th position among India's most trusted brands.
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- Aditya Dey. "Videocon A55HD Launched in India for Rs. 13,499". TechStake. Retrieved 29 June 2013.
- "Videocon FY 2006 Annual Report" (PDF). videoconworld.com.
- "Business Today Article on Videocon December 2006" (PDF). videoconworld.com.
- "India's Most Trusted Brands 2014".