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{{short description|Indian multinational conglomerate company}}
{{Use dmy dates|date=June 2016}}
{{Use Indian English|date=June 2016}}
{{Infobox company
| name = Videocon Industries Limited.
| type = [[Public company|Public]]
| logo = Videocon logo.svg
| logo_size =
| traded_as = {{plainlist|
*{{BSE|511389}}
*{{NSE|VIDEOIND}}}}
| ISIN = INE703A01011
| founder = [[Venugopal Dhoot]]<ref name="videocon1">{{cite web |url=http://www.videoconindustriesltd.com/Documents/Videocon%20Industries%20Ltd_2017.pdf |title=Annual report |publisher=videocon industries |access-date=29 August 2018 |archive-url=https://web.archive.org/web/20180830004907/http://www.videoconindustriesltd.com/Documents/Videocon%20Industries%20Ltd_2017.pdf |archive-date=30 August 2018 |url-status=live }}</ref>
| area_served = Worldwide
| key_people = [[Venugopal Dhoot]] (Chairman & MD)<ref name="videocon1">{{cite web |url=http://www.videoconindustriesltd.com/Documents/Videocon%20Industries%20Ltd_2017.pdf |title=Annual report |publisher=videocon industries |access-date=29 August 2018 |archive-url=https://web.archive.org/web/20180830004907/http://www.videoconindustriesltd.com/Documents/Videocon%20Industries%20Ltd_2017.pdf |archive-date=30 August 2018 |url-status=live }}</ref>
| industry = [[Conglomerate (company)|Conglomerate]]
| genre =
| products = {{plainlist|
*[[Consumer electronics]]
*[[Home appliance]]s
*[[Electronic component|Components]]
*[[Office automation]]
*[[Mobile phones]]
*[[Wireless]]
*[[Internet]]
*[[Petroleum]]
*[[Satellite television]]
*[[Electrical power industry|Power]]}}
| services =
| revenue = {{down}} {{INR|12,828.6 crore}} ({{US$|1.95 billion}}) (2017)<ref name="videocon 2">{{cite web|url=http://www.videoconindustriesltd.com/FinancialRes.aspx|title=Financial Reports|publisher=Videocon Industries Limited|access-date=4 June 2018|archive-url=https://web.archive.org/web/20180519004726/http://videoconindustriesltd.com/FinancialRes.aspx|archive-date=19 May 2018|url-status=live}}</ref>
| operating_income =
| net_income = {{down}} {{INR|1915.67 crore}} ({{US$|291 million}}) (2017)<ref name="videocon 2"/>
| assets = {{INR|35738.5 crore}} ({{US$|5.43 billion}}) (2017)<ref name="videocon 2"/>
| equity = {{INR|8391.07 crore}} ({{US$|1.27 billion}}) (2017)<ref name="videocon 2"/>
| owner = [[Vedanta Resources]]
| num_employees = 10,000 (2012)
| parent =
| divisions =
| subsid =
| footnotes =
| foundation = {{start date and age|1979}} 
| location_city = [[Mumbai]], [[Maharashtra]]
| location_country = India
| location = 
| locations = 
| caption =
| dissolved =
| website = {{url|https://videoconindustriesltd.com/}}
}}

'''Videocon Industries Limited''' is an Indian multinational [[Conglomerate (company)|conglomerate]], headquartered in [[Mumbai]].<ref>{{Cite web |url=http://www.videoconindustriesltd.com/ |title=Archived copy |access-date=4 June 2018 |archive-url=https://web.archive.org/web/20180605195013/http://videoconindustriesltd.com/ |archive-date=5 June 2018 |url-status=live }}</ref> The group had 17 manufacturing sites in [[India]] and plants in [[Mainland China]], [[Poland]], [[Italy]] and [[Mexico]]. It was the third largest [[Cathode ray tube|picture tube]] manufacturer in the world<ref name="Tube Opportunist">{{cite web|url=http://forbes.com/global/2007/0108/030.html|title=Tube Opportunist|work=Forbes.com|access-date=31 December 2019|archive-url=https://web.archive.org/web/20191231093607/https://www.forbes.com/global/2007/01/08/030.html|archive-date=31 December 2019|url-status=live}}</ref> valued at {{USD}}5.5 billion.<ref>{{Cite news|url=https://www.telegraphindia.com/1150830/jsp/business/story_39749.jsp|title=Videocon unit takes off|date=2015-08-30|access-date=2017-05-22|archive-url=https://web.archive.org/web/20180709064558/https://www.telegraphindia.com/1150830/jsp/business/story_39749.jsp|archive-date=9 July 2018|url-status=live}}</ref>

The company stopped trading and entered corporate insolvency proceeding in June 2018. In June 2021, [[National Company Law Tribunal|NCLT]] approved [[Vedanta Resources|Vedanta Group]]'s bid to take over Videocon, paving way for the new ownership.<ref>{{Cite web|date=2021-06-09|title=Vedanta arm gets nod for Videocon takeover|url=https://indianexpress.com/article/business/companies/vedanta-arm-gets-nod-for-videocon-takeover-7350074/|access-date=2021-12-16|website=The Indian Express|language=en}}</ref>

== Early years ==
In 1985, [[Aurangabad]] based Nandlal Madhavlal Dhoot founded and incorporated Videocon International with a goal of manufacturing 1 [[lakh]] TV sets per year. "''Videocon became the first company to bring colour TVs in India''," claims Anirudh Dhoot, the founder's grandson ([[Venugopal Dhoot|Venugopal Dhoot's]] son) and Videocon's current director.<ref>{{Cite news|url=https://economictimes.indiatimes.com/independence-day-special-how-videocon-changed-the-countrys-viewing-experience-with-colour-tvs/articleshow/48436464.cms|title=Independence Day Special: How Videocon changed the country's viewing experience with colour TVs|last=Bhatt|first=Shephali|date=2015-08-12|work=The Economic Times|access-date=2020-01-26}}</ref>

==Corporate profile==
The Videocon group's core areas of business are [[consumer electronics]] and [[home appliance]]s. They diversified into areas such as [[Direct-broadcast satellite|DTH]], [[Electrical power industry|power]] and [[oil exploration]].

===Consumer electronics===
In India, the group sold consumer products like [[Color television|colour televisions]], [[washing machine]]s, [[Air conditioning|air conditioners]], [[refrigerator]]s, [[microwave oven]]s 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 continued to do well in the washing machine and refrigerator segment.<ref>{{cite news|last=Singh|first=A|title=Market share|url=http://articles.economictimes.indiatimes.com/2012-08-03/news/33020190_1_anil-arora-lg-india-indian-durables|access-date=31 October 2013|archive-url=https://web.archive.org/web/20131103040801/http://articles.economictimes.indiatimes.com/2012-08-03/news/33020190_1_anil-arora-lg-india-indian-durables|archive-date=3 November 2013|url-status=live}}</ref>

===Mobile phones===
In November 2009, Videocon launched its new line of mobile phones.<ref>{{cite web |url=http://www.videoconmobiles.com |title=Videocon Mobile Phones, Compare/Buy Online Mobile Phones Deals India |publisher=Videoconmobiles.com |access-date=29 July 2010 |archive-url=https://web.archive.org/web/20141230143514/http://www.videoconmobiles.com/ |archive-date=30 December 2014 |url-status=dead }}</ref> 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 [[paisa]] is the 100th unit of 1 [[Indian rupee|Indian Rupee]]) per second with bundled [[Subscriber Identity Module|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.<ref>{{cite web |url= http://www.techstake.org/2013/06/videocon-a55hd-launched-in-india-for-rs-13499.html |title= Videocon A55HD Launched in India for Rs. 13,499 |author= Aditya Dey |publisher= TechStake |access-date= 29 June 2013 |archive-url= https://web.archive.org/web/20130701162804/http://www.techstake.org/2013/06/videocon-a55hd-launched-in-india-for-rs-13499.html |archive-date= 1 July 2013 |url-status= live }}</ref> On 7 June 2016, Videocon Mobile launched its new smartphone 'Videocon Cube3 V50290'<ref>{{cite web|url=http://www.videoconmobiles.com/krypton3|title=Videocon Mobiles Krypton3|website=www.videoconmobiles.com|access-date=27 November 2016|archive-url=https://web.archive.org/web/20161126232719/http://www.videoconmobiles.com/krypton3|archive-date=26 November 2016|url-status=dead|df=dmy-all}}</ref> in India.<ref>{{cite web|url=http://www.91mobiles.com/videocon-krypton3-v50jg-price-in-india|title=Videocon Krypton3 V50JG launch date|website=www.91mobiles.com|access-date=27 November 2016|archive-url=https://web.archive.org/web/20161127214554/http://www.91mobiles.com/videocon-krypton3-v50jg-price-in-india|archive-date=27 November 2016|url-status=live}}</ref>

Videocon Petroleum had 25% stake in [[Ravva oil field]] which is operated by [[Cairn India]] in [[Andhra Pradesh]].<ref name="ot1">{{Cite web|url=http://www.offshore-technology.com/projects/ravva-field/|title=Ravva Oil and Gas Field, India|access-date=2016-01-01|publisher=Offshore Technology|archive-url=https://web.archive.org/web/20160405022731/http://www.offshore-technology.com/projects/ravva-field/|archive-date=5 April 2016|url-status=live}}</ref>

==== 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.<ref>{{Cite web |url=http://www.thehindubusinessline.com/todays-paper/videocon-buys-thomsons-global-picturetube-biz-for-rs-1260-cr/article2181698.ece |title=Archived copy |access-date=31 July 2015 |archive-url=https://web.archive.org/web/20170510092034/http://www.thehindubusinessline.com/todays-paper/videocon-buys-thomsons-global-picturetube-biz-for-rs-1260-cr/article2181698.ece |archive-date=10 May 2017 |url-status=live }}</ref><ref>{{cite web|url=http://www.videoconworld.com/global/pdf-docs/investor-relations/financial-info/annual-reports/vinl/VINL-Annual%20Report-FY2006.pdf|title=Videocon FY 2006 Annual Report|publisher=videoconworld.com|access-date=24 November 2008|archive-url=https://web.archive.org/web/20090306063122/http://www.videoconworld.com/global/pdf-docs/investor-relations/financial-info/annual-reports/vinl/VINL-Annual%20Report-FY2006.pdf|archive-date=6 March 2009|url-status=dead}}</ref>

==Decline==
In 2018, following losses in its oil businesses, the company entered insolvency proceedings.<ref>{{Cite web |url=https://www.bloombergquint.com/insolvency/2018/06/06/videocon-industries-admitted-under-insolvency-and-bankruptcy-code |title=Archived copy |access-date=7 June 2018 |archive-url=https://web.archive.org/web/20180619113330/https://www.bloombergquint.com/insolvency/2018/06/06/videocon-industries-admitted-under-insolvency-and-bankruptcy-code |archive-date=19 June 2018 |url-status=live }}</ref>

===Controversy with ICICI loan fraud===

On 4 October 2018, [[Chanda Kochhar]], the ex MD and CEO of [[ICICI Bank]] had to step down from her position following allegations of corruption in sanctioning loans to Videocon.<ref name="The Times of India">{{Cite news|url=https://timesofindia.indiatimes.com/business/india-business/chanda-kochhar-quits-icici-bank-sandeep-bakhshi-appointed-as-md-and-ceo/articleshow/66068380.cms|title=Chanda Kochhar quits ICICI Bank; Sandeep Bakhshi appointed new CEO - Times of India|work=The Times of India|access-date=2018-10-04|archive-url=https://web.archive.org/web/20181005150420/https://timesofindia.indiatimes.com/business/india-business/chanda-kochhar-quits-icici-bank-sandeep-bakhshi-appointed-as-md-and-ceo/articleshow/66068380.cms|archive-date=5 October 2018|url-status=live}}</ref> Amidst investigations related to [[Videocon]] bad loans, she was forced by the board of [[ICICI Bank]] to take indefinite leave. The [[Central Bureau of Investigation]] named Chanda Kochhar and her husband Deepak Kochhar as beneficiaries in the financial fraud. [[Venugopal Dhoot]], the promoter of Videocon had fraudulently transferred part of the loan received from ICICI Bank to the Kochhars' business entreprise<ref>{{Cite news|url=https://indianexpress.com/article/india/whos-who-named-by-cbi-and-their-role-in-the-chanda-kochhar-case-5556581/|title=Who is Who named by CBI in Chanda Kochhar Case|work=Indian Express|access-date=2019-01-27|archive-url=https://web.archive.org/web/20190127205825/https://indianexpress.com/article/india/whos-who-named-by-cbi-and-their-role-in-the-chanda-kochhar-case-5556581/|archive-date=27 January 2019|url-status=live}}</ref> after Chanda Kochhar, [[Sandeep Bakhshi]] became the full time Managing Director and CEO of ICICI Bank.<ref name="The Times of India"/><ref>{{Cite web |url=https://www.firstpost.com/business/icici-videocon-loan-controversy-companies-involved-come-under-ministry-of-corporate-affairs-scanner-4500617.html |title=Archived copy |access-date=7 June 2018 |archive-url=https://web.archive.org/web/20180612142131/https://www.firstpost.com/business/icici-videocon-loan-controversy-companies-involved-come-under-ministry-of-corporate-affairs-scanner-4500617.html |archive-date=12 June 2018 |url-status=live }}</ref>

==See also==
{{portal|companies}}
*[[Onida Electronics]]
*[[Moser Baer]]
*[[BPL Group]]
*[[Sansui Electric]]

== References ==
{{Reflist}}

==External links==
* [https://videoconindustriesltd.com/ Official website]

{{Telecommunication companies of India}}
{{Electronics industry in India}}

[[Category:Videocon| 01]]
[[Category:Electronics companies of India]]
[[Category:Internet service providers of India]]
[[Category:Mobile phone companies of India]]
[[Category:Mobile phone manufacturers]]
[[Category:Mass media companies based in Delhi]]
[[Category:Economy of Aurangabad, Maharashtra]]
[[Category:Indian companies established in 1979]]
[[Category:Mass media companies established in 1979]]
[[Category:Telecommunications companies established in 1979]]
[[Category:Indian brands]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Videocon Group - Revision history

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PranayMeesala: Updated formatting and sections

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