Venugopal Dhoot was born on 30th September 1951. The foundation of Videocon Industries was laid by his father Nandlal Dhoot who was the founder of Videocon Corporation and Videocon Electronics. The fortunes turn around for the company when it received one of India`s first licenses to make color televisions.
Videocon Industries has widespread coverage across the globe. Videocon Industries is engaged in consumer electronics, telecommunications, oil exploration, glass manufacturing, and semiconductors. The company is also planning to venture into DTH, retail & power. He married to Rama Dhoot, and now has two children Anirudh and Surbhi. Venugopal Dhoot is also known for his strategic acquisitions. He bought Electrolux refrigerator & semiconductor technology from Thomson. However his attempts to buy Daewoo went in vein. Recently he bought Planet M in India. His retail chain store Next runs on cash-and-carry business model.