V-Guard Industries

V-Guard Industries Ltd
Traded as NSE: VGUARD
Founded 1977
Founder Kochouseph Chittilappilly
Headquarters Kochi, India
Key people

Kochouseph Chittilappilly, Founder and Chairman

Mithun Chittilappilly, Managing Director
Revenue INR 1745.92 Crs ( FY 2014-15)
Number of employees
 1,859 ( As on 31st March, 2015)
Website www.vguard.in

V-Guard Industries Ltd is a major electrical appliances manufacturer in India, and the largest in the state of Kerala with an annual turnover of ₹ 17.50 billion (FY 2014-15).[1][2] It manufactures voltage stabilizers, wiring cables, electric pumps, electric motors, geysers, solar water heaters, electric fans and UPSs. It was founded in 1977 by Kochouseph Chittilappilly as a small voltage stabilizer manufacturing unit.

Kochouseph Chittilappilly also founded other establishments such as V Star, an Indian manufacturer of innerwear for men, women, and children, and Wonderla, a chain of amusement parks in South India.[3][4]

Introduction

Founded in the year 1977 by Mr. Kochouseph Chittilappilly, V-Guard is one of India’s leading consumer goods company with technologically diversified product offerings.

Headquartered in city of Kochi, Kerala, the company now has over 500 distributors, 20,000 retailers, and a growing count of branches across India. It’s listed with the NSE and BSE since 2008. Over the years V-Guard has ventured into domestic, industrial and agricultural electronic goods and appliances category taking the total company revenue to over Rs. 1700 Crore.

History

The origin dates back to 1977, when Mr. Kochouseph Chittilappilly set out to build a brand in the Indian electric and electronic goods panorama. With a small manufacturing unit for voltage stabilizers, a capital of Rs.100,000 and two employees, the company set sail. The famous Kangaroo logo was created by artist Sreekandan V.A. (Mani).

Leadership

The company’s current Managing Director, Mr. Mithun Chittilappilly is a Post Graduate in Management from the University Of Melbourne, Australia. In the year 2006, he joined V-Guard as the Executive Director and six years later, he was appointed as the Managing Director of the company. Mithun Chittilappilly has previously worked with leading MNCs like Deloitte & Hewlett Packard.

Mr. Kochouseph Chittilapilly:

Chairman and founder, Mr. Kochouseph Chittilappilly was born in 1950 in Thrissur District, Kerala into a family traditionally engaged in agriculture. He holds a master's degree in Physics and began his career as a Supervisor in an electronics company.

At the age of 27, he started this SSI Unit engaged in the manufacturing and selling of Electronic Voltage stabilizers with only two employees and a capital of Rs. 1,00,000 borrowed from his father.

He is one of the founder promoters and was also the acting Managing Director of the company till in April, 2012 he passed the baton on to his son Mr. Mithun Chittilappilly.

V Guard Products

Stabilizers

For Audio/ Video Systems (Music System,TV and DVD)

For Refrigerators

For Deep Freezers/ Water coolers

For Air Conditioners

For Washing Machine/Micro Wave Oven/ Tread Mill

For LCD / LED /Plasma TV, Music System, Home Theatre, Medical Equipments, Photocopier, EPBAR/ Electronics Weighing Machine

References

  1. ↑ The Hindu. V-Guard turnover.
  2. ↑ The Hindu. 'V-Guard registers increase in profit'.
  3. ↑ V-Guard Industries Official Website.
  4. ↑ The Hindu BusinessLine. Stock Insight: V-Guard Industries.
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