Venky's

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Venkateshwara Hatcheries Private Limited, Venky's London Limited
Type Private Limited
Subsidiary of V H Group
Founded 1971
Headquarters Pune, Maharashtra, India
Website Venkys.com

Venky's (India) Limited is a subsidiary of V H Group, an Indian company that specialises in chicken meat processing, and pharmaceutical products for both poultry and human usage.

History

Founded at Pune in Maharashtra as Venkateshwara Hatcheries Private Limited in 1971 by the Dr. BV Rao, and couple of his friends, Jagapati Rao Chitturi being one of them. Venky's is one of the leading poultry business groups in India today, after being expanded over the years by Anuradha Desai and her family.

[1]

Status

Today, the diversified VH Group is a USD 1 billion conglomerate[citation needed] and a large Asian poultry company. The group has diversified into 29 fields including: poultry, processed food, animal vaccines, pharma and healthcare products. The company's Specific Pathogen Free Egg unit (in technical collaboration with SPAFAS Inc. USA) is among four such units in the world and the only one of its kind in the developing world.

Forbes ranked Venky's as 67 among the 100 best global small companies in the year 2000.[2]

In December 2010, the group launched Venky's Express, a ready to eat chicken outlet. The first outlet opened in Pune, with Akon performing at the opening.[3] Some people have called into question Venky's business sense since they acquired Blackburn Rovers F.C. in 2010. Since they took over the club, questionable decisions to sack managers and other administrative staff without reasons have been a regular occurrence, leading to much anger being expressed from supporters, this also coupled with poor results on the pitch which saw the club relegated from the Premier League at the end of the 2011/12 season.[4]

Blackburn Rovers Football Club

In November 2010, Venky's set up a new holding company, Venky's London Ltd, and bought a 99.9% stake in Blackburn Rovers FC, spending £23million on the deal and taking on around £20million of the club's debt.[5] After sacking Sam Allardyce as the club's manager, Venky's oversaw an unsuccessful period with Steve Kean in charge, resulting in relegation to the Championship at the end of the 2011–12 Premier League season ending an 11 year run in the top flight.[6][7] Despite Kean leaving Blackburn Rovers in September 2012, criticism of Venky's running of the club has continued, with both fans and the media calling them into question.

Former Blackburn defender Henning Berg replaced Kean as manager but following a poor run of results, he was sacked on December 27, 2012. Berg's reign lasted only 57 days,[8][9][10] while on 19 March 2013, the club dismissed his successor, Michael Appleton, after another two-month reign.[11] In December 2012, the club was reported to be running at a loss of around £2 million a month.[12]

External links

References

  1. ↑ Deshpande, Shivaji. http://www.shgroup.in/executive-chairman.html.  Missing or empty |title= (help)
  2. ↑ Singleton, Ian (26 October 2010). "Who are Blackburn Rovers bidders Venky's?". Lancashire Telegraph. Retrieved 18 October 2012. 
  3. ↑ Palit, Debarati (9 December 2010). "In the city to add some spice". Mid Day. Retrieved 18 October 2012. 
  4. ↑ Herbert, Ian (24 March 2013). "Exactly what is this woman doing at Blackburn Rovers". The Independent. Retrieved 25 March 2013. 
  5. ↑ "Rao family buy Blackburn Rovers from Jack Walker Trust". BBC. 19 November 2010. Retrieved 17 October 2012. 
  6. ↑ Burnton, Simon (13 December 2010). "Sam Allardyce sacked as manager of Blackburn Rovers". The Guardian. Retrieved 17 October 2012. 
  7. ↑ Winter, Henry (8 May 2012). "Blackburn Rovers relegated from Premier League as Antolin Alcaraz scores only goal in Wigan's great escape". The Daily Telegraph. Retrieved 17 October 2012. 
  8. ↑ Howson, Nick (29 September 2012). "Blackburn manager Steve Kean resigns". International Business Times. Retrieved 17 October 2012. 
  9. ↑ Cryer, Andy (27 September 2012). "Venky's have to show their business sense". Lancashire Telegraph. Retrieved 17 October 2012. 
  10. ↑ "Owners Venky's deny Blackburn is for sale following relegation". BBC. 10 May 2012. Retrieved 17 October 2012. 
  11. ↑ http://www.bbc.co.uk/sport/0/football/21843906
  12. ↑ http://www.mirror.co.uk/sport/football/news/blackburn-director-derek-shaw-calls-1508938
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