Venky's
| File:Venkys logo.png | |
| 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.
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.[citation needed] 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.[citation needed]
Forbes ranked Venky's as 67 among the 100 best global small companies in the year 2000.[1]
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.[2]
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.[3]
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.[4] 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.[5][6] 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 27 December 2012. Berg's reign lasted only 57 days,[7][8][9] while on 19 March 2013, the club dismissed his successor, Michael Appleton, after another two-month reign.[10] In December 2012, the club was reported to be running at a loss of around £2 million a month.[11]
Later in 2013 caretaker manager Gary Bowyer was announced as the new full-time manager.
References
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- ↑ Michael Appleton: Blackburn Rovers sack manager from BBC News, retrieved 9 June 2014
- ↑ Rover and out? Blackburn director calls for Shebby Singh to be sacked from Daily Mirror, retrieved 9 June 2014
