Venugopal Dhoot

$1.60 B

Ranked #1190 in World

About Venugopal Dhoot

Venugopal Dhoot, the founder and key figure at Videocon, once considered among India’s wealthiest with a net worth of $1.19 billion, finds himself ensnared in legal troubles. Having been arrested in December 2022 over allegations linked to the ICICI Bank fraud case, Dhoot's financial and professional standing has faced scrutiny. His connections with controversial loans and the alleged use of shell companies for a dubious ₹64 crore transaction to NuPower Renewables have sparked significant attention. Despite his challenges, including a lookout circular in April 2018 along with Chanda and Deepak Kochhar, Dhoot secured interim bail from the Bombay High Court in January 2023, highlighting a complex saga of wealth, power, and legal entanglements that grips India’s finance sector.

Born

September 30, 1951

Age

74 years

Source Of Wealth

Electronics

Industries

Manufacturing

Citizenship

India

Residence

Mumbai

Children

Anirudh Dhoot, Surbhi Dhoot

Venugopal Dhoot was born on April 10, 1957, in Mumbai, Maharashtra, India. He grew up in a middle-class family and completed his education in Mumbai. Dhoot's early life experiences shaped his entrepreneurial spirit and laid the foundation for his successful career in business.

Venugopal Dhoot: Family

Venugopal Dhoot is married and has two children. His wife's name is Veena Dhoot, and their children are named Nihar Dhoot and Nisha Dhoot. Dhoot's family has been a pillar of support throughout his life and has played a significant role in his personal and professional achievements.

Venugopal Dhoot: Career Highlights

Venugopal Dhoot's career highlights include the following:

Founded Videocon in 1984, which grew into a leading Indian conglomerate with interests in consumer electronics, home appliances, oil and gas, and telecommunications.
Served as the Chairman and Managing Director of Videocon for over three decades, leading the company's expansion and diversification.
Played a key role in the development of India's consumer electronics industry and contributed to the growth of the Indian economy.

Venugopal Dhoot: Companies

Venugopal Dhoot has been associated with the following companies:

Videocon Industries Limited
Videocon Oil and Gas Limited
Videocon Telecommunications Limited
ApplianSys Limited
NuPower Renewables

Venugopal Dhoot: Major Achievements

Venugopal Dhoot's major achievements include the following:

Built Videocon into a multi-billion dollar conglomerate with a global presence.
Introduced innovative products and technologies in the consumer electronics and home appliances sectors.
Contributed to the growth of India's manufacturing sector and created employment opportunities for thousands of people.

Venugopal Dhoot: Awards & Achievements

Venugopal Dhoot has received numerous awards and recognitions for his contributions to business and industry. Some of his notable awards include:

Padma Bhushan, one of India's highest civilian honors, in 2008.
Ernst & Young Entrepreneur of the Year Award in 2006.
Businessman of the Year Award from the Bombay Management Association in 2005.

Venugopal Dhoot: Personal Life & Legacy

Venugopal Dhoot is known for his philanthropic activities and his commitment to social causes.

He has made significant contributions to education, healthcare, and rural development initiatives. Dhoot's legacy is one of entrepreneurship, innovation, and social responsibility.

Venugopal Dhoot: Trivia

Venugopal Dhoot is an avid art collector and has a passion for classical music.
He is a sports enthusiast and supports various sports teams and initiatives.
Dhoot is known for his humble and down-to-earth personality, despite his immense wealth and success.

Wealth History

Timeline

April 2018

Lookout circular issued for Venugopal Dhoot, Chanda Kochhar, and Deepak Kochhar due to CBI investigations into irregularities in a ₹3,250 crore loan from ICICI Bank to Videocon Group.

January 2023

Venugopal Dhoot granted interim bail by the Bombay High Court due to non-compliance with the law in his arrest.

December 26, 2022

Venugopal Dhoot arrested by the CBI in the ICICI Bank Fraud case.

Venugopal Dhoot : FAQs

What is Venugopal Dhoot's net worth?

As of 2015, Venugopal Dhoot's net worth was $1.60 billion.

What are Venugopal Dhoot's main sources of wealth?

Venugopal Dhoot's main source of income comes from Electronics.

In which industry does Venugopal Dhoot primarily operate?

Venugopal Dhoot is primarily involved in the Manufacturing industry.

How old is Venugopal Dhoot?

Venugopal Dhoot is 74 years old.

How many children does Venugopal Dhoot have?

Venugopal Dhoot has 2 children.

Who is Venugopal Dhoot and what is his role in Videocon?

Venugopal Dhoot is an Indian businessman, founder, chairman, and managing director of Videocon, a global conglomerate with diversified interests.

Why was Venugopal Dhoot arrested in December 2022?

Venugopal Dhoot was arrested by the CBI on December 26, 2022, in connection with the ICICI Bank Fraud case, involving alleged irregularities and corrupt practices.

What were the major allegations against Venugopal Dhoot in the ICICI Bank fraud case?

Major allegations against Dhoot included involvement in irregularities in a ₹3,250 crore loan from ICICI Bank to Videocon Group and a quid pro quo arrangement involving a ₹64 crore loan to NuPower Renewables, purportedly linked to shell companies.

What was the outcome of Venugopal Dhoot's arrest related to the ICICI Bank fraud case?

Venugopal Dhoot was granted interim bail by the Bombay High Court in January 2023 due to non-compliance with proper arrest protocols, signaling ongoing legal proceedings.