Founder-Hexpertify.c...Ā ā¢Ā 1y
"Industry Titan to cautionary taleā 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 2000ās 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.
"Turning visions int...Ā ā¢Ā 1m
From TVs to Tragedy: Who Killed Videocon? Once a household name, Videocon collapsed under: š Overexpansion into telecom & oil šø ā¹90,000 Cr debt š« 2G scam fallout āļø ICICI loan fraud scandal š Zero innovation & demonetisation blow From ico
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YouTubeĀ ā¢Ā 1y
Videocon was founded in 1979 by Venugopal Dhoot, a man with a vision as big as his name (which, let's be honest, is pretty big). The company started small, like a little seedling in the vast forest of the Indian electronics industry. But it didn't st
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The Institute of Chartered Accountants of IndiaĀ ā¢Ā 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 š¤Æ. you might have watched his yt Shorts claiming that. He views this debt as a strategic move and a par
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Do you use VI ? Do you think the Indian telecom industry will become a duopoly, or will VI survive not mention its ā¹2 lakh crore debt? Apart from Starlink and OneWeb, which are in the satellite internet sector, why don't we see any other startups
See MoreI'm just a normal gu...Ā ā¢Ā 4m
Vodafone Idea has announced that the Indian government will convert its outstanding spectrum auction dues into equity shares valued at ā¹36,950 crore. As a result of this conversion, the government's stake in the telecom company will rise significan
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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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