http://www.videoconworld.com/Videocon Industries Limited (BSE: 511389, NSE: VIDEOIND) is a large diversified Indian company headquartered in Gurgaon, Haryana. The group has 17 manufacturing sites in India and plants in Mainland China, Poland, Italy and Mexico. It claims to be the third largest picture tube manufacturer in the world. The group is a US$5 billion global conglomerate.
The Videocon group's core areas of business are consumer electronics and home appliances. They have recently diversified into areas such as DTH, power, oil exploration and telecommunication.
Consumer electronics
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.