Companies Background

1. ICICI Bank
ICICI Bank was founded in 1994 by Industrial Credit and Investment Corporation of India (ICICI).
Initially, ICICI bank was fully owned by ICICI but in 1998 ICICI Bank became public enterprise and the
ownership of ICICI decreased to 46%. By 2000, ICICI Bank became the first non-Japanese Asian bank
to be listed in New York Stock Exchange (NYSE). ICICI Bank has always been pioneer in bring
technological advancements in Indian banking system. Now, ICICI Bank along with its subsidiaries
offer products and services in various areas like investment banking, retail banking, wholesale
banking, life and non-life insurance, venture capital, asset management and many more. The bank
has a network of 5275 branches and 15,589 ATMs across India and it operates in 17 countries.
Currently, ICICI Bank is one of leaders in Indian Banking sector. It has the second highest weightage
of around 20% in the Bank Nifty index in NSE. The current share price of ICICI bank is 727.20 INR.

Some of the major subsidiaries of ICICI bank are listed in the above image. ICICI bank has it’s
subsidiaries in various countries like the United Kingdom, Canada, Russia, United States, Bahrain,
Singapore, Hong Kong, Dubai, China, South Africa, etc.

2. Videocon Industries Limited

Videocon Industries Limited is one of the largest conglomerates in India founded by Nandlal Dhoot in
1985 with the goal of manufacturing 1 lakh TV sets per year. It’s headquartered in Mumbai. It was
the third largest picture tube manufacturer in the world. The core competency of Videocon was in
electronic goods and home appliances. The group used to sell colour televisions, air conditions,
microwave ovens, washing machines and many other home appliances. However, after the entry of
Korean electronic manufactures, Videocon’s market share has been declining. From November 2009
they have started a new line of mobile phones and now they have diversified into DTH services,
power and oil explorations. Videocon Industries is currently listed in both Bombay Stock exchange as
well as National Stock Exchange. The current share price of Videocon is 7.80 INR.

Some of the popular electronic goods and services of Videocon are shown above.