V-Guard Industries

{{Short description|Indian electric appliances company}} {{Use dmy dates|date=June 2018}} {{Use Indian English|date=June 2018}} {{Infobox company | name = V-Guard Industries Ltd | logo = V-Guard Industries.svg | logo_caption = | trading_name = V-GUΛRD | type = Public | traded_as = {{plainlist| *{{BSE|532953}} *{{NSE|VGUARD}}}} | ISIN = INE951I01027 | industry = {{plainlist| *Power electronics *Consumer electronics}} | fate = | predecessor = | successor = | foundation = {{Start date and age|1977}} | founder = Kochouseph Chittilappilly | defunct =  | location_city = Kochi, Kerala | location_country = India | locations = | area_served = | key_people = {{Plainlist| *Kochouseph Chittilappilly {{small|(Chairperson)}} *Mithun Chittilappilly {{small|(Managing director)}}}} | products = {{plainlist| *Solar power & inverter systems, *Electric fans & air coolers *Voltage stabilizers *Electrical wires & cables *single phase pumps *Modular switches & switchgear *Geysers *Kitchen and small domestic appliance}} | services = | revenue = {{Increase}} {{INRConvert|4850|c}} (FY24)<ref name="fy24"/> | operating_income = | net_income = {{Decrease}} {{INRConvert|268|c}} (FY24)<ref name="fy24">{{cite news |title=V-Guard net revenue grows 7.6% in Q4 FY23 |url=https://www.thehindubusinessline.com/companies/v-guard-net-revenue-grows-76-in-q4-fy23/article66911684.ece |access-date=15 June 2023 |work=The Hindu Businessline |date=31 May 2023 |language=en}}</ref> | assets = | owner = | num_employees = 3100 (June 2024) <ref name=finances>{{cite web |url=https://www.vguard.in/uploads/investor_relations/Annual-Report-2018-19.pdf |title=Annual Report 2018–19 |access-date=2020-07-14}}</ref> | parent = | divisions = | subsid = | footnotes = | intl = | homepage = {{URL|www.vguard.in}} }}

'''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.<ref>{{cite news|url=https://www.theweekendleader.com/Success/3112/guarding-your-gadgets.html|title=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 |work=The weekend leader}}</ref>

==History== 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 {{currency|100000|INR}} 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.<ref>{{cite news |title=V-Guard sets IPO price band at Rs 80-85/share |url=https://economictimes.indiatimes.com/markets/ipos/fpos/v-guard-sets-ipo-price-band-at-rs-80-85/share/articleshow/2755939.cms |access-date=15 June 2023 |work=The Economic Times |date=4 February 2008}}</ref>

==Operations== 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.<ref>{{cite web|title=V-Guard to set up three new factories, plans push in kitchen appliances, fans and air coolers|url=https://www.fortuneindia.com//story/enterprise/v-guard-to-set-up-three-new-factories-plans-push-in-kitchen-appliances-fans-and-air-coolers/112025|date=2022-12-09|author= P B Jayakumar|access-date=2024-11-15|website=Fortune India}}</ref>

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.<ref>{{cite web|title=V-Guard Industries subsidiary begins commercial production at Gujarat manufacturing unit|url=https://www.cnbctv18.com/market/v-guard-industries-subsidiary-begins-commercial-production-at-gujarat-manufacturing-unit-19211441.htm/|date=2024-03-06|access-date=2024-11-15|website=CNBC TV18}}</ref>

In FY 23 V-Guard acquired Sunflame brand of kitchen appliances.<ref>{{cite web|title=V-Guard Industries to acquire Sunflame Enterprises for ₹660 crore|url=https://www.thehindubusinessline.com/companies/v-guard-industries-to-acquire-100-stake-in-sunflame-enterprises-for-660-crore/article66243088.ece//|date=2022-12-09|access-date=2024-11-15|website=Hindu BusinessLine}}</ref>

==Management== 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==

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.<ref>{{cite web|title=V-Guard net revenue grows 7.6% in Q4 FY23|url=https://www.google.com//s/www.thehindubusinessline.com/companies/v-guard-net-revenue-grows-76-in-q4-fy23/article66911684.ece//|date=2023-05-31|access-date=2024-11-15|website=Hindu BusinessLine}}</ref>

Kochouseph Chittilappilly also founded other establishments held as subsidiaries<ref>Public disclosure of V-Guard http://www.sebi.gov.in/dp/vguardfinal.pdf</ref> 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.<ref>[https://www.vguard.in/about-voltage-stabilizers/water-pumps/ V-Guard Industries Official Website.]</ref><ref>[https://www.thehindubusinessline.com/features/investment-world/stock-insight/article2580221.ece The Hindu BusinessLine. Stock Insight: V-Guard Industries.]</ref>

== References == <references />

==External links== *{{official website|www.vguard.in}}

Category:Companies based in Kochi Category:Manufacturing companies established in 1977 Category:Indian brands Category:Home appliance manufacturers of India Category:Wire and cable manufacturers Category:1977 establishments in Kerala Category:Indian companies established in 1977 Category:Companies listed on the National Stock Exchange of India Category:Companies listed on the Bombay Stock Exchange