Videocon's Rise and Fall: How One Mistake Destroyed a 20,000 Crore Empire

• Videocon, founded in 1979 by Venugopal Dhoot in Aurangabad, rose to become India's largest consumer electronics company, known for affordable and durable products.
• The company initially partnered with Toshiba and gained immense popularity with its color TVs, refrigerators, washing machines, and ACs, becoming a symbol of trust.
• Videocon's downfall began with 'over-diversification' into oil, gas, power, and the risky telecom sector, accumulating massive debts.
• It struggled to compete with new entrants like Samsung and LG in electronics and faced a major blow when its telecom licenses were canceled in the 2G scam.
• Allegations of bank fraud involving Chanda Kochhar and ICICI Bank, coupled with insolvency proceedings, led to the loss of control for the Dhoot family and the company's eventual collapse.