Achievements

The success of V-Guard is testimony to the breadth of vision of its founder, Kochouseph Chittilappilly. Established in 1977 with a meager capital of Rs. 100,000, two employees and a production capacity of 50 stabilizers a month, V-Guard today is a household name across India. From a single product company, it has expanded its portfolio of household products to include UPS systems, water heaters, water pumps, motor starters, solar water heaters, ceiling fans and electric wiring cables.

Infrastructure

V-Guard Stabilizers, UPS, Pumps, Cables, Fans and Electrical Water Heaters are manufactured in state-of-the-art production centers equipped with the latest machinery. The company provides direct employment to 700 people and indirectly to over 5,500 people. It has a network of 83 distributors, 75 service centers and 7000 retailers across the country, to serve more than 40 million satisfied customers.

The Company’s Electro-Controls Division is a state-of-the-art facility for the production of stabilizer cabinets. The Electrical Cable Division located at Coimbatore is a fully automated, ISO 9001 certified facility that manufactures electrical cables starting from 0.25sqmm size to 10sqmm size. The Solar Water Heater plant uses international manufacturing technologies with high quality standards.

Aim / Vision / Mission

LET US ENDEAVOUR TO MAKE
V-GUARD
A TRUSTED HOUSEHOLD NAME ”

Mission

To offer a range of products at affordable prices, which add to comfort of life through saving in manual labour, time and energy or for entertainment.

To make our products meet international quality standards and provide trouble free performance.

To adopt designs, which support timely and efficient post sale service.

To continuously innovate and add value to our products, if needed with technical collaboration.

To continuously assess and improve customer care.

Awards / Recognition

Best Entrepreneur in Kerala awarded to Kochouseph Chittilappilly, CMD, V-Guard Industries Pvt. Ltd. (1993)

Highest Individual Income Tax Payer from the State 1993 to 1995

Vyavasaya Jyothi Award given by the Ernakulam Chamber of Commerce (1996)

Industry Excellence Award for Medium Scale Industries awarded by The Institution of Engineering (India), Cochin (1998)

Millennium Businessman of Kerala awarded by Business Deepika (2000)

Businessman of the Year awarded by Dhanam Magazine (2007)

Kerala’s No.1 Consumer Durable products category form Dhanam Magazine.

FACT MKK Nayar Memorial Productivity Award for the year 2006-07 from Kerala State Development Council.

Warehouse / Production Capacity

Kochi, 28th May 2010: The Board of Directors of V-Guard Industries Limited, the electronic and electrical major today considered and adopted the audited financial results Company for the year ended 31st March, 2010.

Backed by a growth in the white goods and electronic and electrical segments, the Company’s net profit surged by 46.85% to Rs.25.47 Crores for the year ended 31st March, 2010, from Rs.17.35 Crores for the last year.

The profit before tax increased by 50.36% to Rs.39.51 Crores for the year under review, from Rs.26.28 Crores for the last year. The net turnover of the Company for the year ended was Rs.454.09 Crores, registering a growth of 43.35% compared to the turnover of Rs.316.78 Crores for the previous year.

Considering the improved profits, the Board of Directors recommended a dividend of 30% i.e. Rs 3/- per equity share for the year 2009-10, which will be subject to the approval of the shareholders in their forthcoming Annual General Meeting.

Mithun K Chittilappilly, Executive Director of the Company said that the increase in the net turnover can be attributed to the better penetration of the north Indian markets and also stretching the wings to the tier II & III cities of the existing South Indian markets. Contribution of all the products to the turnover was remarkable and outlook for the future also seems good. He added that profitability improved due to better sales mix, better penetration level of both the existing as well as unexplored markets, efficient sourcing of all inputs and the cost management initiatives.

He added that the Company has utilized 95% of the IPO proceeds for commissioning the various projects mentioned in the offer document and the remaining two projects i.e distribution centre in Hubli and Vijayawada will be completed by the end of the current fiscal. The Company has also appointed Dr. George Sleeba, as Joint Managing Director with effect from 1st June, 2010.

Quality Policy / Processes

V-Guard has a holistic, enterprise-wide approach to quality. Utmost care is taken while selecting the various components that go into production. Sourcing is done from manufacturers of repute. Each component is checked for quality compliance, and those that do not meet set parameters are rejected. Various checkpoints along the production line ensure quality standards are adhered to. Post-production inspection and certification ensures each individual product that moves off the assembly line conforms to internationally accepted quality and performance benchmarks. It is V-Guard’s commitment to quality that has made it ‘the name you can trust’.

ISO 9001

V-Guard's ISO 9001 certified factory for manufacturing electrical wiring cables is set up at Coimbatore, Tamilnadu.