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]
₹4,126 crore (US$520 million) (FY23)[1]
₹189 crore (US$24 million) (FY23)[1]