Videotex aims Rs 1,000 cr revenue in 4 years, to expand capacity to roll out up to 3.2 mn units

«Over the next four years, we aim to achieve Rs 1,000 crore in revenue by expanding our capabilities, diversifying our product portfolio in the appliances segment, and driving innovation through R&D,» Bajaj told PTI.
The company, which operates two manufacturing units at Greater Noida, UP, had a revenue of Rs 409 crore for the financial year that ended on March 31, 2024 and expects to end the current fiscal year around Rs 470 crore.

«As part of a phased expansion, we have already reached an annual manufacturing capacity of 2.2 million units in Phase I. With Phase II, this will grow to 3.2 million units, further strengthening our presence in high-end LED solutions, including Mini LED TVs,» he said.
Videotex's core focus for the last 40 years has been TV manufacturing, going through various technological changes from CRT (cathode ray tube) to LCD, LED, and OLED, it has evolved as one of the leading players in the ODM space.

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Bajaj said he sees a «bright future» for its TV manufacturing business of Videotex as newer technologies are evolving in the sector.
«Investments on the capacities and the technologies that we have built, is not easy for just one brand to set it up… It's a heavy investment. So that's why they look like they look at a strong partner like us who can continue, to build the design and block that capacity and continue to serve them,» he said.
Videotex has plans to manufacture larger screen sizes as 75-inch, 86-inch, and 100-inch models, catering to the premium segment.
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