V-Guard Industries

Indian electric appliances company

BSE: 532953
NSE: VGUARD

ISININE951I01027Industry

Power electronics
Consumer electronics

Founded1977; 47 years ago (1977)FounderKochouseph ChittilappillyHeadquarters

Kochi, Kerala

India

Key people

Kochouseph Chittilappilly (Chairperson)
Mithun Chittilappilly (Managing director)

Products

Solar power systems, solar panels, power inverters & batteries
Electric fans & air coolers
Voltage stabilizers
Electrical cable
Electric pumps & motors
Modular switches & switchgear
Geysers
Home appliances & water purifiers

Revenue

₹4,126 crore (US$490 million) (FY23)^[1]

Net income

₹189 crore (US$23 million) (FY23)^[1]

Number of employees

3100 (June 2024) ^[2]Websitewww.vguard.in

V-Guard Industries Ltd, stylized as V-GUΛRD, 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]

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 ₹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

V-Guard is a consumer goods company with diversified product offerings. Headquartered in the city of Kochi, Kerala, the company has over 500 distributors, 55,000 retailers and 35 branches across India as of 2023.

V-Guard operates more than 10 plants across various geographies across India manufacturing multiple categories

In FY 23 V-Guard acquired Sunflame brand of kitchen appliances

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

Kochouseph Chittilappilly also founded other establishments held as subsidiaries^[5] 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.^[6]^[7]

References

^ ^a ^b "V-Guard net revenue grows 7.6% in Q4 FY23". The Hindu Businessline. 31 May 2023. Retrieved 15 June 2023.
^ "Annual Report 2018–19" (PDF). Retrieved 14 July 2020.
^ "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.
^ "V-Guard sets IPO price band at Rs 80-85/share". The Economic Times. 4 February 2008. Retrieved 15 June 2023.
^ Public disclosure of V-Guard http://www.sebi.gov.in/dp/vguardfinal.pdf
^ V-Guard Industries Official Website.
^ The Hindu BusinessLine. Stock Insight: V-Guard Industries.