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Next Retail India Ltd is a subsidiary of the Videocon
Videocon
Videocon is an industrial conglomerate with interests all over the world, and is a Indian multinational company. The group has 17 manufacturing sites in India and plants in China, Poland, Italy and Mexico. It is also the third largest picture tube manufacturer in the world...

 Industries Ltd and engages in retailing consumer electronics in India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...

. It was founded in 2003 and currently has 600 showrooms across 25 states of India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...

. It plans to open 400 new showrooms to increase its size to 1,000 odd retail stores by the end of the fiscal year 2010-11. In 2007 it accquired Planet M, a music and entertainment retail chain for from Bennett, Coleman & Co.

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