Videocon Industries Limited engages in the manufacture, marketing, and distribution of consumer electronic products and home appliances, and oil and gas exploration and production. CONSUMER ELECTRONICS AND HOME APPLIANCES BUSINESS Consumer Electronic Products The company manufactures colour TVs in India and distributes consumer electronic products and home appliances in India. The company, together with its Promoter Group Entities, manufactures, procures, distributes, markets, and sells products under the Videocon brand and under other licensed brands. It also manufactures finished goods on an OEM basis and components for third parties. Finished goods TVs: The company manufactures CRT TV in India. It sells CRT TVs produced at its own plants and at the plants of the Promoter Group Entities under the Videocon brand and other licensed brands. It also manufactures CRT TVs on an OEM basis for third parties. It offers approximately 80 colour TV models ranging from 14 inches to 29 inches, of which approximately 50 models are categorized as slim and true flat CRT TVs. LCD TV: The company offers a range of LCD television models. Its products include features such as full HD 1080 resolution, High Definition Multimedia Interface, Picture in Picture features and picture quality improvement algorithm. Home Entertainment Systems: The company offers a range of home entertainment products, including DVD/VCD players, home theatre equipment, and home audio products. Components: In addition to finished TVs, the company manufactures TV components for its own models and for sale to third parties. In particular, it produces glass panels and funnels, the key components of a CRT TV. Glass Shell (panels and funnels): The company manufactures glass panels and funnels for colour TVs in India. It also sells panels and funnels internationally to Europe, South east Asia and Russia. It offers a range of glass panels and funnels with sizes ranging from 14 inches to 29 inches. Its products include glass panels and funnels for true flat and slim CRTs. Home appliances The company sells refrigerators, washing machines, air conditioners and a range of small domestic appliances, such as microwave ovens and water purifiers. Brands The company develops a diversified portfolio of brands that are intended to appeal to a range of customers in India. It also manufactures and sells certain other products in India under various other licensed brand names. It manufactures and markets refrigerators, washing machines and air conditioners under the Electrolux brand. Sales The company sells glass directly to CRT manufacturers in India and overseas. Its domestic glass shell customers include major CRT manufacturers in India. It sells its CRTs in the international market to TV makers in Europe, China, and Turkey. It exports its products to overseas markets such as Middle East, Europe, Asia and Africa. Competition The company’s major competitors in its Consumer Electronics and Home Appliances business include LG Electronics India Limited, Samsung India Electronics Private Limited, Sony India, and Mirc Electronics Limited. OIL AND GAS BUSINESS The company’s principal oil and gas asset is its 25% participating interest in the Ravva Oil and Gas Field. The Ravva Oil and Gas Field produces crude using unmanned production platforms. Other Oil Assets The company’s other oil assets include Block 56 in Oman; Block WA388P in Western Australia; Block JPDA 06103 in the Timor Sea; Offshore Oil Blocks in Brazil; Area 1 Offshore Rovuma Block in Mozambique; and Nunukan Block in Indonesia. POWER BUSINESS The company through its wholly owned subsidiary, Pipavav Energy Private Limited (PEPL) has entered into a Memorandum of Understanding (MoU) with Government of Gujarat (GoG) for establishing 2X300 MW Thermal Power Plant to be implemented in two phases in Village Nigala, Rajula Taluka, in district Amreli. TELECOMMUNICATION BUSINESS The company’s subsidiary, Datacom Solutions Limited (Datacom) has a license to provide Unified Access Services (UAS) for twenty one circles in India. History Videocon Industries Limited was founded in 1986.
videocon industries ltd
221, Dr. DN Road
|Bajaj Electricals Ltd||178.10 INR||+0.25|
|Havells India Ltd||286.35 INR||-7.40|
|Khaitan India Ltd||10.49 INR||0.00|
|View Industry Companies|
|Price/Cash Flow||--||Not Meaningful|
Sponsored Financial Commentaries
To contact VIDEOCON INDUSTRIES LTD, please visit www.videoconworld.com. Company data is provided by Capital IQ. Please use this form to report any data issues.