Based mostly in Mumbai, Saurabh Dhoot, who holds an Engineering diploma from Imperial School in the UK, joined Videocon d2h at its inception, serving as Govt Director.
On this place, he was liable for overseeing the launch of the Pay-TV service and the preliminary $650 million USD funding. By way of Dhoot’s management, Videocon d2h has achieved many “firsts” within the Indian DTH trade. This consists of the primary to launch a 4K Extremely HD channel, the 1000 GB Excessive Definition Digital Video Recorder, Wi-fi DTH headphones, Radio Frequency DTH Distant and an providing of greater than 500 channels and companies. These improvements propelled Videocon d2h to develop its subscriber base and turn into the second largest DTH service in India. Videocon d2h has additionally been awarded as Asia’s Most Promising DTH Model 2014 by WCRC &I Manufacturers and The Financial Occasions’ Finest Model 2014. Videocon d2h has been related to India’s Premiere Cricket League, IPL as Principal Sponsor of Mumbai Indians for the final three years and can also be the Title Sponsor of the Worldwide Indian Movie Academy Awards Weekend to be held in Malaysia this yr.
“I take nice satisfaction in all of the success we have loved at Videocon d2h, and I really feel much more enthusiastic about what our terrific crew and I’ll accomplish going ahead,” mentioned Dhoot. “With 100 million properties anticipated to be digitalized within the subsequent 5 years, Videocon d2h will play a number one function within the ‘Digital India’ marketing campaign. We are going to proceed to carry distinctive content material, new mediums of supply and progressive companies to our shoppers. With our new capital infusion from the U.S., it’s time to start the subsequent wave of thrilling development and enlargement.”
In April 2015, Videocon d2h grew to become the primary Indian communications and media firm to be listed on the distinguished NASDAQ inventory market underneath the ticker image of “VDTH.” The IPO has caught the eye of high U.S. funds with multi-billion greenback funds investing in Videocon d2h, which is now essentially the most valued Indian firm on NASDAQ at a market capitalization of $1.2billion.
The IPO was engineered by media buyers Harry Sloan and Jeff Sagansky and their Silver Eagle Acquisition Corp. Silver Eagle contributed its $325 million money, earlier than fee for transaction bills and warrant repurchases, and the Silver Eagle shareholders now personal roughly 38% of the fairness in Videocon d2h.
“Now we have been impressed with each Videocon d2h’s rise in India’s DTH market and Saurabh’s expertise, vitality and imaginative and prescient in main that cost,” Sloan mentioned.
Added Sagansky: “Videocon d2h is poised for development, whether or not launching new devoted channels and Providers or rising the extent of promoting revenues. Below Saurabh’s steering, the corporate is properly positioned to take care of and develop its commanding market share.”
Dhoot’s household is the promoter of the Videocon Group, a diversified world conglomerate with an asset base of $10 Billion USD throughout Oil and Gasoline, Client electronics, Telecom and expertise, Basic Insurance coverage, Retail and is led by group Chairman Venugopal Dhoot.
Word to Editors: About Videocon d2h
Videocon d2h is India’s quickest rising DTH service supplier which provides 500 channels & companies. Videocon d2h additionally has 32 Asli “HD” channels & Providers & India’s 1st 4K Extremely HD Channel. Videocon d2h provides India’s first 1000 GB Excessive Definition Digital Video Recorder, Wi-fi DTH Headphones and is the primary DTH service supplier to have Radio Frequency Distant Management (accessible with Excessive Definition Digital Set Prime Field with limitless recording). Videocon d2h has greater than 1.5 million followers on Fb which is the best amongst Indian DTH gamers. Powered by the MPEG-4 and DVB-S2 expertise, Videocon d2h provides companies like 12 PIP Mosaic, d2h Cinema, climate updates and a number of tickers to rework your TV right into a hub of leisure and data. It provides Excessive Definition channels in 1080p, HDD Sound and 16: 9 side ratio. Aside from these, it has Lively Music which incorporates 41 Audio / Video lively music channels, 24 hours a day. As well as, Videocon d2h offers round the clock immediate and environment friendly buyer assist in eight languages from the devoted buyer care crew current in 6 areas.
Jeff Pryor/Precedence PR
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SOURCE Videocon d2h