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Venugopal Dhoot

Venugopal Dhoot

Mr. Venugopal N Dhoot

Reading success stories of greatest professionals stimulates motivational enzyme within us and we all wish to emulate them on path of success.

Exactly with this aim  MBARendezvous.com - India's content lead MBA website is presenting you series of success stories of Professionals who have   carved niche in their own way and have become icons of Management Fraternity. 

Following above you will read today success story of Mr. Venugopal Dhoot :  

A renowned industrialist, Mr.Venugopal N Dhoot is the chairman of Videocon Industries Ltd. and has been its Managing Director since 2005. He is one of the promoters of the Videocon group of companies and has been instrumental in the growth and promotion of the Videocon Group.

His biggest proud moment was when Prime Minister Manmohan Singh called ‘Videocon’ the proud face of Global India. ‘India Today’ ranked him 36th in the ‘Top 50 Power List’ for the year 2009. In 2010, he was re-appointed as Videocon Group Managing Director for a period of five years.

Born on September 30, 1951 Dhoot holds a degree in Electrical Engineering from Pune University. The foundation of Videocon Industries was laid by his father Nandlal Dhoot who was the founder of Videocon Corporation and Videocon Electronics. The company made a great transition when it received one of India’s first licenses to make colour televisions.

Videocon has now become the largest manufacturer of colour picture tubes and CPT glasses in the world, with operations across Mexico, Italy, Poland, China and India. Videocon Industries is engaged in consumer electronics, telecommunications, oil exploration, glass manufacturing and semi-conductors. Mr. Dhoot has been associated in the consumer electronics and home appliances business for over three decades.

The company is also planning to make its foray into DTH, retail & power and Telecom. The company intends to launch its mobile services on pan India basis targeting large subscribers in the next four years. The conglomerate group is also eyeing oil and natural gas and, is pursuing opportunities in Oman, Australia and Timor Sea near Indonesia

Known for his strategic acquisitions, uncanny sight and global outlook, Dhoot bought Electrolux refrigerator & semiconductor technology from Thomson. Recently he bought Planet M in India. His retail chain store ‘Next’ runs on cash-and-carry business model.

At the age of 60 he has been called the ‘right connect’ because despite the 2008 global slowdown, he expanded in every direction with Videocon launching its own DTH service, mobile telephony service and  kick starting 10 oil-fields in Brazil with Petrobras, investing in coal mines in Indonesia. It has also established three power projects in West Bengal, Gujarat and Chhattisgarh.

Mr. Dhoot has many achievements to his credit and has held several positions in the Industry forums. He has been the President of Associated Chambers of Commerce and Industry of India (ASSOCHAM) and Electronic Industries Association of Marathwada. He is a member of Advisory Committee of Poona University Information Employment & Guidance and an adviser to Govt. of Orissa for Industrial Development of Orissa.
Though wealth creation is the dharma of an entrepreneur, Dhoot has made a powerful social impact by establishing a charitable hospital specializing in cancer and heart surgery for the underprivileged people.

An admirer of Ratan Tata, Dhoot sees what everyone else sees, but does what no one has done. An avid cricket fan and an accomplished flautist, his hidden talent is that he can recite shlokas and expound on the Bhagavad Gita.

With Videocon Group emerging as the major global player Dhoot has a vision to lead Videocon and make it a Fortune 500 company in the next five years. He says, “We will be a large player in global oil production and exploration — with global assets of more than USD 4 billion — and power generation in India with 2,400 MW in production and another 2,400 MW in construction. This vision is based on what has been established on ground for us in energy today. We have a ‘long’ global view on energy. We will also double the electronics business in five years with margins mostly from growth in the branded electronics business in India with new products such as mobile handsets and electronic manufacturing services, and exports. Soon, we will be the leading entrant in telecom with 100 million subscribers.”

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