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    157 views9 pages

    Venugopal Dhoot: Videocon Industries

    Uploaded by

    adtyshkhr
    f

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 9

    Venugopal Dhoot

    Videocon Industries

    Background
    Venugopal Dhoot born 30 September 1951 in Mumbai. According to Forbes Magazine, his wealth in 2013 is $1.25 billion. He is said to be the thirty eighth richest man in India. He is an alumnus of the College of Engineering, Pune, India. His father, the late Nandlal Madhavlal Dhoot, was an Indian industrialist who made his earlier fortune in the sugarcane and cotton industry. Nandlal Dhoot was the founder of Videocon Corporation and other businesses ventures such as Videocon Electronics.

    In 1955, Dhoot's father, Nandlal Madhavlal Dhoot, laid the group's foundation by starting a sugar mill. In the early 1980s, he tied up with Japan's Toshiba Corporation to launch what he claimed was India's first colour TV. He encouraged sons Venugopal, Rajkumar and Pradeepkumar to get involved in business. When 61-year-old Nandlal died in 1993, Venugopal, in his early forties, was ready to take over. Today at 61 he is the face of the group. His youngest brother, Dubaibased Pradeepkumar, manages oil and gas, while Rajkumar, a Rajya Sabha MP, is Managing Director of Videocon Industries Ltd, the group flagship.

    Career
    Net Worth $1.8 B As of October 2013

    Forbes Lists #30 India's Richest #38 in 2012 #1161 Billionaires #46 in India

    Awards
    Elcina Electronics Man of the Year, 2005-06.

    Success

    Failures
    In the early 2000s, its announcement that it would launch a news channel got a lot of publicity, but the venture never saw the light of day. More recently, the group bid unsuccessfully for the Pune franchise of the India Premier League (IPL), and was also among the contenders to acquire another IPL team, the Deccan Chargers. The first red flag went up when India Ratings & Research, part of the global Fitch Group, put Videocon Industries on 'rating watch' in September 2012.

    Entrepreneurial Skills
    Known as Right Connect Strategic acquisitions, uncanny sight and global outlook Optimist True Opportunist

    Conclusion
    An entrepreneur is an 'opportunist', in the sense of being good at spotting an opportunity or, creating one where none existed before.

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