Videocon Industries, established two decades ago, is a global conglomerate with market capitalization of $2.5 billion. Videocon's businesses consists of manufacturing, marketing & distribution of consumer electronics products and oil & gas extraction.
Videocon’s R & D centres are developing technologies that include True Flat, Slim, Extra Slim, Plasma & LCDs. It want to market these products at the earliest.
In the Oil & Gas business, company has all the basic operator capabilities of a prospecting entity, it is looking to add more explorations and production depth as also oil bearing assets. The group will also get into gas distribution in India significantly.
The company operates in four key sectors:-
Consumer Electronics, Home Appliances & Compressor manufacturing: It produces consumer products like colour televisions, washing machines, air conditioners, refrigerators, microwave ovens and many other home appliances, selling them through their sales and service network in India.It has in house compressor manufacturing technology for refrigerators .
Display industry and its components: By acquiring Thomson SA’s colour picture-tube manufacturing business which is spread across China, Poland, and Mexico, Videocon is able to improve the technology in existing products in slim tube, plasma, LCD, and other flat-panel display lines as well as create new innovative products.
Colour Picture Tube Glass : Videocon is one of the largest Colour Picture Tube (CPT) glass manufacturers in the world with a high level of experience and technical expertise operating through Poland and India. Videocon produces a superior range of panels and funnels to meet the demand for large-size, flat, and slim CRT display products.
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. The group has ambitious plans for expansion in this sector globally.
With strategically located manufacturing bases and an enviable distribution network of around 90 branch offices, 10,000 distributors & 400 after-sales service centres across lndia, company enjoys a unique 80% plus penetration in the market place.
Videocon is doing cost cutting in various stages, which includes factories in Europe, increasing automation and improvement of efficiency in China, and a lot more - are in various stages of implementation.
Videocon Group of Companies has been awarded SAP ACE 2007 – Awards for Customer Excellence.