Venugopal Dhoot, a successful Indian businessman, is among the richest men in India with an estimated net worth of $1.25 billion (Forbes, 2013). He is best known for Videocon, an appliances and electronics manufacturer, which contributed to the bulk of his wealth. He is also an alumnus of the College of Engineering in Pune, India.
Dhoot’s later father, Nandlal Madhavlal, was a successful industrialist who was engaged in the sugarcane and cotton industries as well as the founder of Videocon Corporation and Videocon Electronics, among other business ventures; Videocon received one of the country’s first licenses for television manufacture. Dhoot later took control of the company and led it to greater success although there have been challenges along the way especially with the 2008 global financial crisis.
He is also an accomplished flautist and avid cricket fan. His Videocon School of Cricket in Kolkata trains young Indian cricketers, thus, ensuring that India will have world-class cricketers in the next generation.