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Leading From The Front : Videocon International Limited

In 1985, through a technical tie-up with Toshiba Corporation of Japan, Videocon International Limited launched India's first world class Colour Television. Today, Videocon International Ltd., the flagship company of the Videocon Group, is India's leading manufacturer of Consumer Electronic products. Fired by a passion for innovation, Videocon has kept pace with the changing face of technology, constantly upgrading its manufacturing facilities to incorporate advanced technology and high standards of quality into its product range, right across the spectrum.

TECHNOLOGY WITH A HEART
Committed to giving the consumer the best the world has to offer, Videocon has developed near zero wastage technology which helps reduce manufacturing costs by optimising material inputs. Coupled with quality-consciousness at every stage, the consumer benefits enormously by getting premium products at affordable prices.

The company currently manufactures Colour TVs, Black & White TVs and Audio products. At its modern plant at Chitegaon and Aurangabad, the Company has also undertaken complete backward integration to manufacture all critical and important components of its products, such as Electronic Tuners, FBTs, ATDMs and Deflection Yokes, thereby reducing costs, ensuring quality control and becoming vertically integrated. It has set up a unit at Gandhinagar in Gujarat for manufacturing Black & White TV picture Tubes.

THE SOUND OF EXCELLENCE
Videocon produces a sophisticated range of Home Audio Systems, Stereo Radio, Recorders and Personal Stereos, as well as the conteporary international range of Kenwood Digital Hi Fi Systems.

FIRST WITH THE BEST
Continuous upgradation and indigenous manufacturing has been and continues to be an integral part of the company's philosophy. Perceived as an innovator in its field, Videocon has notched up many exciting firsts, by exploring the world's most advanced technologies. In Colour TVs, Videocon was the first Indian Company to introduce Picture-In-Picture, Turbo Sound, Surround Sound, Larger Screen Sizes, the Full Flat Square Tube, Bazooka technology and the Freedom series : affordable high quality range of Colour TVs for the price-conscious consumer.

GLOBAL AMBITION
Looking beyond India, Videocon is now a global player, acknowledged by the world. It is the first Indian company to win the prestigious CE approval for exporting its Colour TV to Europe. Videocon is now entering world market with its operations in the Middle East, Europe, Indonesia and South Africa.

(Rs. in Crores)

Particulars

1992-93

1993-94 1994-95 1995-96 1996-97 1997-98
Sales & Other Income

727.30

915.40

1,136.62

1,646.88 1,724.36 2,109.50
Earning before Interest,
Depreciation & Tax (EBIDT)

97.75

99.02

122.87

141.36 177.59 324.89
Interest

34.19

20.41

12.58

26.79

58.02

129.07

Depreciation

13.50

11.28

13.66

17.21

24.99

67.50

Income Tax

2.50

4.00

8.50

9.00

12.45

4.50

Net Profit

47.56

63.33

88.13

88.36

82.13

123.82

Dividend (%)

30

35

35

35

35

35

Equity Share Capital

36.26

51.49

51.66

51.67

51.67

71.06

Reserves & Surplus

306.26

662.87

733.00

805.43

873.90

1,251.34

Net Worth

342.52

714.36

784.66

857.10

925.57

1,322.40

Gross Fixed Assets

223.40

249.03

355.08

488.46

565.38

1,197.08

Net Fixed Assets

190.03

204.50

296.89

420.82

475.38

895.88

Total Assets

632.48

1,095.53

1,503.91

1,450.73

1,625.73

2,645.10

Key Indicators

Earning Per Share (Rs.)

*27.08

*14.85

17.04

17.09

15.89

17.39

Book value Per Share (Rs.)

90.88

136.58

151.42

165.40

178.61

185.70

Debt/Equity Ratio

0.87:1

0.54:1

0.92:1

0.69:1

0.76:1

1.00:1

* Annualised E.P.S.

SALES AND OTHER INCOME

GROWTH IN PROFIT

NET WORTH

BOOK VALUE

 

First to Manufacture Glass Shells for CTV Picture Tubes in India: Videocon Narmada Electronics Limited

 Molten Glass (GOB)
before being formed into
Glass Shells.

 

Glass Panel being
formed in the mould.

 

Neck sealing of the funnel

Panels emerging from
annealing lehr.

 

Glass panels and funnels

Videocon Narmada Glass (VNG): a division of Videocon International Ltd., has the distinction of having set up India's first plant for the manufacture of Glass Shells for Colour Television Picture Tubes, in technical collaboration with Techneglas Inc., USA (formerly known as OI-NEG TV Products Inc., USA), world leader in Glass Shell Technology.

The projects in 1990, when the then Prime Minister of India, the late Shri Rajiv Gandhi, laid the foundation stone for the project.

The Videocon Group, with the objective of backward integration, joined hands with Gujarat Narmada Valley Fertilizers Co. Ltd., (GNFC) for the implementation of this 100% import substitution project, the largest investment (Rs. 450 crores) in electronic component industry in the country. The plant, with an installed annual capacity of 1.7 million Glass Shells for Colour Picture Tubes and 0.25 million glass Bulbs for Black & white Picture Tubes and Monochrome Monitor Tubes, is located at Village Chavai, District Bharuch, Gujarat.

THE HEIGHTS OF SUCCESS
VNG has some remarkable achievements to its credit, starting with the successful absorption of sophisticated technology from Techneglas Inc., USA. The CTV Glass Shells manufactured by VNG are at par with international standards and the Colour Picture Tubes made with VNG glass have already received VDE approval. The facilities inlcude a state-of-the-art Tool Room and Mould Shop to manufacture and maintain its mould requirements. Having initially successfully established its 20V, 19V and 13V CTV glass parts, VNG has now developed the 20V 2R the latest models.

A PICTURE PERFECT FUTURE
Till 1994, Indian manufacturers of CTV Picture Tubes were importing Glass Shells. VNG's production has replaced these imports, thereby saving almost Rs.200 crores of precious foreign exchange every year.

VNG has now surpased the norms of performance guranteed by the collaborator, Techneglas Inc., USA. and is operating the plant with 150% capacity utilisation - with efficiencies exceeding international standards.  

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