Videocon’s Dhoot: The original value destroyer hides in plain sight

Remarkably, Videocon and its founder evoke nostalgia despite the fact that, as one of India’s largest corporate defaulters, Dhoot’s culpability has received scant attention.

If you had defaulted on payments worth Rs 90,000 crore to a clutch of public sector and private sector banks, chances are that by now you’d either be behind bars or in a foreign country, where the long arm of the law can’t reach you easily. Well, not so fast. Because you could also very well be Venugopal Dhoot, embroiled in investigations of wrongdoing and yet living a charmed life in Mumbai. 

This is the story of how Dhoot took everyone for a jolly good ride over 35 years of corporate life. Chances are this is a story you’ve never …


T Surendar

Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.

Executive Editor