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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
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
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
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.
Awards & Milestones:
Videocon Group of Companies has been awarded SAP ACE 2007 – Awards for Customer Excellence.
2013
• Videocon adds to the resources with successful Appraisal Well in BM-C-30, Campos Concession, Brazil and has another discovery
• Videocon confirms successful formation test with good quality of oil in Brazil
• Videocon announces New Huge Discovery Area Offshore Mozambique
• Videocon announces New Huge Discovery Area Offshore
2015
• Videocon announces new discovery of oil accumulation in Farfan Area in the Serqipe Basin, Offshore Braz
• Videocon Industries announces new oil discovery in Brazil.
• Videocon announces the largest discovery of petroleum.
• Videocon announces Sale of Spectrum for 2 Circles to Idea
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