VIDEOCON
INDUSTRIES
HISTORY
Videocon Leasing & Industrial Finance Limited, was incorporated on 4th
September, 1986 as Adhigam Trading Private Limited.
Under Sec. 21 of Companies Act, 1956, the name of the Company was changed
to Videocon Leasing & Industrial Finance Limited on 14th February, 1991.
They received their certificate of incorporation from the Registrar of
Companies, Gujarat at Ahmedabad on 14th February, 1991.
Adhigam Trading Pvt. Ltd. (ATPL) was promoted by Mr Indrakant T. Parikh
and Naishad I. Parikh in September, 1986 as a private limited company and
they were initially trading in paper tubes.
In September, 1988 the Company decided to diversify in the business of lease
financing, hire purchase and investment activities.
MANAGEMENT
The Management of the Company underwent a change in
the year 1990-91 by way of transfer of equity shares to the
Videocon Group. 1,00,000 Equity Shares of Rs. 10/- each of
Adhigam Trading Private Limited were purchased by the
Videocon Group at a premium of Rs. 3/- per share in April,
1991. The total consideration of Rs. 13 Lakhs was paid by
cheques.
THE COMPANY AND THE
VIDEOCON GROUP
During the initial years, the Companies in the Videocon Group had placed
business with VLIF leading to growth in its lease financing activities. The
group companies have increased the fund base of the Company by infusing
funds in form of share capital and unsecured loans.
The promoters currently hold 75% of the paid up capital of the Company.
The composition of promoters holding is Videocon International Limited
14,90,000 Shares (13.1% of VLIF's Capital), Videocon Appliances Limited
12,500 Shares (0.1% of VLIF's Capital), the Dhoot Family and their friends
& associates 70,10,000 Shares (61.8% of VLIF's Capital).
The post issue holding would be of the order of 25.50% of the post issue
capital of Rs. 33.375 Crores (assuming that all the OCDs are converted @
Rs. 150/- per Share and Equity Shares are issued against all the outstanding
warrants).
TRANSITION
PHASE
As soon as Mr. Venugopal
Dhoot became a holder of
70,10,000 Shares (61.8% of
VLIF's Capital), the
company’s graphs showed
drastic changes in the next
few years.
The slides below show
Videocon’s achievements
over the years.
2005
Videocon acquires entire stake of Electrolux India on July
07, 2005 .
Videocon Industries Ltd has informed that the Company has
completed placement of 94,10,145 Global Depository
Receipts (GDRs) at the price of US$ 10 per GDR,
aggregating to US$ 94.10 million on Private Placement Basis
to AB Electrolux (Publ).
Each GDR represents one underlying equity share of the
Company. -Videocon takes over Hyundai Electronics
-Videocon wins exploration rights for Nigeria oil block
2006
-Videocon Industries enters into MoU with GAIL.
Videocon Industries launches new range of washing
machines .
Videocon signs pact with Oilex for NELP block bids
2007
Videocon Industries has bought Planet M, the music and
entertainment retail arm of media house Bennett, Coleman &
Co, for Rs 200 crore.
Videocon to set up semiconductor, LCD complex near
Mumbai
BPCL arm, Videocon in agreement to acquire stake in
Brazilian oil firm
2008
-Videocon set to roll out telecom service in India
Videocon mulls major global retail entry under `VC` brand.
2009
-Videocon Industries signed a Letter of Intent with Finnish
contract manufacturing firm Elcoteq aiming at buying stake
in the foreign firm where the Company makes gadgets like
mobile phones and set-top boxes for companies like Sony
Ericsson, Philips and Cisco.
2010
A Rs.1,600-crore plant for colour television sets and other
electronic consumer durables will be set up by Videocon at
Manamadurai in Sivaganga district.
Thank You
By:
Kishori Tikmani
Roll no 141
Batch 2011