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V-Guard Industries

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V-Guard Industries Ltd is an Indian electricals and home appliances manufacturer, headquartered in Kochi. The company manufactures voltage stabilizers, electrical cable, 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.[3]

V-Guard Industries Ltd
V-GUΛRD
Company typePublic
ISININE951I01027
Industry
Founded1977; 47 years ago (1977)
FounderKochouseph Chittilappilly
Headquarters
Kochi, Kerala
,
India
Key people
Products
RevenueIncrease ₹4,850 crore (US$580 million) (FY24)[1]
Decrease ₹268 crore (US$32 million) (FY24)[1]
Number of employees
3100 (June 2024) [2]
Websitewww.vguard.in

History

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The company started in 1977, when Kochouseph Chittilappilly set out to build a brand in the Indian electric and electronic goods industry. The company started with a small manufacturing unit for voltage stabilizers, a capital of ₹100,000 and two employees. The Kangaroo logo was created by artist V. A. Sreekandan (Mani).

Over the years V-Guard has sold into domestic, industrial and agricultural electronic goods and appliances category. It is listed on the NSE and BSE since its initial public offering in 2008.[4]

Operations

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V-Guard is a consumer goods company with diversified product offerings. Headquartered in the city of Kochi, Kerala, the company has over 400 distributors, 100,000 retailers and 35 branches across India as of 2023.

As of March 2023,V-Guard operated 11 plants across India employing over 4500 people.[5]

On March 6,2024,the group announced that its subsidiary has launched the commercial production of kitchen appliances at the company's factory in Vapi,Gujarat.[6]

In FY 23 V-Guard acquired Sunflame brand of kitchen appliances.[7]

Management

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The company's current managing director, 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 in 2012, he was appointed as the managing director of the company. Mithun Chittilappilly has previously worked with leading MNCs like Deloitte & Hewlett Packard.

Chairman and founder, Kochouseph Chittilappilly was born in 1950 in Thrissur, 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. 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 Mithun Chittilappilly.

Affiliate companies

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V-Guard has 3 subsidiaries - Sunflame, GUTS electromech and V-Guard consumer products

V-Guard also sells Simon electric brand of switches for India market under partnership with Spanish company Simon electric.[8]

Kochouseph Chittilappilly also founded other establishments held as subsidiaries[9] such as V-Star Creations, an Indian manufacturer of innerwear for men, women, and children, and Wonderla, a chain of amusement parks in South India.[10][11]

References

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  1. ^ a b "V-Guard net revenue grows 7.6% in Q4 FY23". The Hindu Businessline. 31 May 2023. Retrieved 15 June 2023.
  2. ^ "Annual Report 2018–19" (PDF). Retrieved 14 July 2020.
  3. ^ "With Rs 1 lakh he started a stabiliser brand, which has now grown into a Rs 4100 crore turnover conglomerate. In FY 23 V-Guard acquired Sunflame brand of kitchen appliances". The weekend leader.
  4. ^ "V-Guard sets IPO price band at Rs 80-85/share". The Economic Times. 4 February 2008. Retrieved 15 June 2023.
  5. ^ P B Jayakumar (9 December 2022). "V-Guard to set up three new factories, plans push in kitchen appliances, fans and air coolers". Fortune India. Retrieved 15 November 2024.
  6. ^ "V-Guard Industries subsidiary begins commercial production at Gujarat manufacturing unit". CNBC TV18. 6 March 2024. Retrieved 15 November 2024.
  7. ^ "V-Guard Industries to acquire Sunflame Enterprises for ₹660 crore". Hindu BusinessLine. 9 December 2022. Retrieved 15 November 2024.
  8. ^ "V-Guard net revenue grows 7.6% in Q4 FY23". Hindu BusinessLine. 31 May 2023. Retrieved 15 November 2024.
  9. ^ Public disclosure of V-Guard http://www.sebi.gov.in/dp/vguardfinal.pdf
  10. ^ V-Guard Industries Official Website.
  11. ^ The Hindu BusinessLine. Stock Insight: V-Guard Industries.
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