Vu Televisions plans to raise fund for expansion

Vu Televisions is planning to raise funds either through IPO or private equity for business expansion, a top company official said here.

The maker of smart range of LED TVs is also planning to set-up centres in metro cities.

"We have been growing the business organically and it is profitable... In the way forward there are lot of things I want to do, probably to raise money either through IPO or through private equity, which we have not decided yet.

"But, I do think that an investment in the business would help as I have been to couple of European countries and I see potential for VU brand out there also," Vu Televisions Chairman and CEO Devita Saraf told PTI.

The company has achieved a turnover of around Rs 1,000 crore in 2018-19 concluded last week and is growing around 30 per cent year-on-year, she added.

"I think that a good investment would help us to expand our footprints nation wide and worldwide (in the global markets)," the chairman said.

Vu Televisions is completely owned by Saraf.

On the future prospect, she said: "I want to increase the IP (intellectual property) of the company, take the brand abroad and adopt the latest tech..."