The Guevent Group of Companies (GUEVENT) is the consummation of a single man's life work. Propelled by a tiger-projective, creative Filipino entrepreneurship and pioneered by the visionary Domingo M. Guevara.

1930. The conception. With a small capital, the late Domingo M. Guevara opened a radio repair shop named Radiowealth, Incorporated.

Today, what was initially a radio shop is now a formidable highly diversified conglomerate of seventeen companies. One man's vision spawned into a "giant." A string of synergistic activities, spanning related to unknown territories and servicing various industries and consumers, depicting the massive growth of the Guevent Group of Companies.

In the early years, its corporate activities witnessed expansion into AUDIO and VIDEO communications equipment, supplying the U.S.A. and Philippines Armed Forces in the Philippines and the Bureau of Posts. Eventually, it ventured into the importation of different Agro-Industrial machineries and equipment. The Internationally known brands that were represented were David Brown Tractors of GB, Henschel Trucks and Conversion Engines from Germany, CASE Tractors and Heavy Equipment from USA, Iseki Hand Tractors and Kato Cranes from Japan. 

Radiowealth, Inc. pioneered local television manufacturing and the production of electronic components and home appliances in the 50's. In the 60's, it launched the first Philippine made TV picture tube and manufactured various consumer items like electric ranges, floor polishers, car stereos, color TV sets and refrigirators, under license by RCA, MAGNAVOX, TOSHIBA, and ELECTROLUX 

A sister company, DMG, Inc., was also heavily involved in car assembly and distribution. It pioneered the Philippine auto industry by introducing the first Pilipino designed and manufactured automobile called SAKBAYAN. This car essentially used a Volkswagen Power Train.

In June 24, 1970, after it introduced the first Philippine-born automobile, the "SAKBAYAN" was road-tested in a MARATHON RALLY dubbed LONDON-MANILA EXPRESS. Four vehicles were driven from London to Manila in 79 days without experiencing any mechanical problem whatsoever, a feat unduplicated till today! 

In the early 70's, the company was commended by the Progressive Car Manufacturing Program, being the only 100% Filipino-owned car manufaturer.

Adverse conditions during the Martial Law years forced the company to close down and was taken over by First Manila Investment Corp. of the infamous Benjamin Romouldez controlled group of companies.

Guevent Industrial Development Corporation is the acknowledged flagship of the conglomerate. Other companies include the G&S Transport Corp.(AVIS franchisee), G&S Travel and Tours, Inc., and Guevent Insurance Agency Corp., all wholly-owned. Subsequent ventures have resulted into great partnership, of which the family holds majority of shares: Guevent Graphics with Asia Graphics Ltd. (Hong Kong) and Radiowealth Finance Company.

As the business progressed, the succeeding two generations of the Guevara clan set up their own businesses with the pioneer as financier and chief adviser: Asian High Technology Corp.; Honeycomb Builders, Inc.; Aquatic Agro-Industrial Corp.; G&S Travel & Tours, Inc.; Guevent Ventures, Inc.; Tree's Company; International Turfcare Corp.; Pan Mar Corp.; and Balangkas Pilipinas Software Co. and Bingo King System Philippines, Inc.

More than vision and leadership, the rebirthing, growth and expansion of the vast conglomerate is a testament to the Filipino entrepreneurial virtue of hard work, patience and industry.