Founder-Hexpertify.c... • 1y
"Industry Titan to cautionary tale” Billions to bankruptcy #9 Videocon was founded by Venugopal Dhoot in 1986 as a company focused on manufacturing and assembling television.Soon they became well known for affordable and reliable consumer electronics. In 2000’s Videocon diversified into various sectors, including home appliances (refrigerators, washing machines, air conditioners), oil and gas, power, telecom and DTH services.They expanded internationally by acquiring Thomson SA and Daewoo Electronics in 2006. The electonics and telecom market became more competive,rapid expansions and diversification led to a significant accumulation of debt In the early 2010s Videocon's debt became unsustainable. The company started defaulting loans.Also the founder was involved in a scam with ICICI Bank CEO. In 2018 Videocon filed for Bankruptcy.The company's assets were put up for sale to repay loans.Vedanta Group acquired Videocon Group's assets in 2021.
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The Institute of Chartered Accountants of India • 1y
Have you read the book "Rich Dad, Poor Dad" written by "Robert Kiyosaki" . he is a genius. He admitted to having more than $1.2 billion in debt 🤯. you might have watched his yt Shorts claiming that. He views this debt as a strategic move and a par
See MoreI'm just a normal gu... • 3m
Vodafone Idea has announced that the Indian government will convert its outstanding spectrum auction dues into equity shares valued at ₹36,950 crore. As a result of this conversion, the government's stake in the telecom company will rise significan
See MoreCOMPUTER HARDWARE SO... • 1y
Is b-tech in electronics a good course for the coming years. I would like to enter into the field of creating phones, laptop and electronics gadgets so after b tech in electronics and communication or btech in electrical and electronics what should
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