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Tag: Indusind Media & Communications Limited

  • One Take Media Co launches K-World first time in India on IMCL platform

    One Take Media Co launches K-World first time in India on IMCL platform

    MUMBAI: Leading multi-system operator (MSO) and Headend-in-the-sky (HITS) platform company IndusInd Media & Communications Limited (IMCL) has partnered with One Take Media Co (OTMC) to launch K-World (Korean Language) first time in India. This will be part of their subscription-based services which are available to all InDigitalCATV subscribers across India.

    Korean K-dramas are popular due to the freshness and short length of the dramas. OTMC offers an array of K-dramas and Korean Movies with more than 200 Hours of content dubbed in Hindi.

    Currently, One Take Media isalready running 14 services across IMCL’s InDigital and NXT Digital platforms like Hollywood Movies, Bhojpuri films, Bengali, Marathi, Tamil and Telugu movies, kids nursery rhymes, animated movies , animated series ,Celebrity Chef based cooking shows,  Other unique services also include Hollywood and South Indian movies dubbed in Hindi.

    The Korean entertainment industry is booming right now. The global audience for Korean music and Korean television is exploding across Asia and is even spreading to Europe and North America. The unique K- World service from OTMC includes popular K-dramas like “Rich Man” “My Littlie baby”, “Melting Hearts”, “King in Love” , “ Sweet Revenge “”Bride of the century”  and many more .

    OTMCDirector ShamolyKhera said, “K- world is catching world like a fever .This surge of Korean popularity has been called "Hallyu.–Korean wave” and refers to the way Korean entertainment is spreading around the world”

     

     

     

    NK Rouse, COO, IndusInd Media & Communications Ltd. added, “IMCL continues to be the driver in digital innovation and building up our VAS offerings across both our platformsremains an integral partof that evolution. With One Take Media Co, a company with decades of experience in providing VAS solutions – we’re certain that our customers will enjoy this engaging and innovative offering of K-World”
     

  • INDUSIND Media live telecasts “Magnetic Maharashtra Convergence 2018 – Global Investors Summit”

    INDUSIND Media live telecasts “Magnetic Maharashtra Convergence 2018 – Global Investors Summit”

    MUMBAI: INDUSIND Media & Communications limited of Hinduja Group provides the live telecast of events from  “Magnetic Maharashtra Convergence 2018 – Global Investors Summit” through their Indigital services for the benefit of all their viewers in Greater Mumbai, Maharshtra and some Key cities in India. The lvie telecast will be available on  their local channel 998 and HD channel 969 of Indigital from 18th to 20th February 2018

    The telecast would be an exclusive live coverage of the Mega Event “Magnetic Maharashtra Convergence 2018 – Global Investors Summit” from MMRDA Ground, BKC, Mumbai

    “Magnetic Maharashtra: Convergence 2018” is a  one-of-a-kind gathering of the best the State has to offer in Automobiles / Auto Components, Defence, Food Processing, IT/ITes, Electronics, Heavy Engineering and Pharmaceuticals. Magnetic Maharashtra: Convergence 2018 is Maharashtra’s first Global Investors Summit which is being regarded as one of the biggest events, on the lines of the ‘Make In India’ initiative launched by the Prime Minister

  • HVL reports lower loss for fiscal ’17, media & communications segment revenue up

    HVL reports lower loss for fiscal ’17, media & communications segment revenue up

    BENGALURU: Hinduja Ventures Limited (HVL) reported lower consolidated loss of Rs 566.08 million for the fiscal ended 31 March 2017 (FY-17, current fiscal) as compared to the consolidated loss of Rs 812.068 million for the previous financial year (FY-16). HVL’s consolidated total revenue increased 21.47 percent in FY-17 to Rs 8,260.06 million as compared to Rs 6,799.789 million in the previous year.

    The company’s media and communications segment reported 24.5 percent higher revenue at Rs 6,131.949 million in the current year as compared to Rs 4,925.454 million in the previous fiscal. Loss from the Media and Communications segment operating loss in the current year was higher at Rs 3,148.046 million as compared to Rs 1,858.129 million as compared to the prevision financial year.

    As reported by www.indiantelevision.com, HVL had informed the stock exchanges yesterday that the National Company Law Tribunal (NCLT) has sanctioned the Scheme of Arrangement for the vesting of its direct subsidiary Grant Investrade Limited’s (GIL) Head-end-in-the-sky (HITS) business undertaking to its indirect subsidiary Indusind Media & Communications Limited. Consequently, the company has filed revised financial results for fiscal 2017.

    The company said that the arrangement is expected to strengthen HVL’s investment in the media business, which will in turn unlock the value of its shareholders. Accordingly, pursuant to the aforesaid arrangement, the Headend-in-the- Sky (HITS) business undertaking of GIL vested in to IMCL with effect from 01 October 2016, being the appointed date.

    GIL had received the HITS licence in March 2014. Last year in September, the Hinduja Group had received shareholders’ approval to restructure its media business, which includes cable TV business under IndusInd Media and headend-in-the-sky (HITS) under GIL.

    ALSO READ :

    HVL receives NCLT nod for GIL’s HITS to de-merge into Indusind Media

    Hinduja Ventures PAT rises marginally Q1FY18, Nxt Digital HITS 640 districts

    Hinduja’s NXT Digital enters Fastway-dominated Punjab

    Retransmission law contravened: Sidhu, Fastway refutes ‘monopoly’ charge

  • Hinduja Ventures PAT rises marginally Q1FY18, Nxt Digital HITS 640 districts

    NEW DELHI: Hinduja Ventures Ltd (HVL)  on Thursday announced  standalone net profit after tax of Rs. 255 million for three months ended 30 June 2017 as against Rs. 242.1 million during the same period a period ago.. The net PAT for the period ended grew by 5.33 per cent.

    The total income for the period under review stood at Rs. 506.6 million as against Rs. 619.1 million for the same period a year ago.

    The board of HVL at its meeting held on 10 August 2017 approved un-audited standalone financial results for the quarter ended 30 June 2017.

    HVL is the holding company of big Indian integrated media entities comprising MSO IndusInd Media & Communications Limited (IMCL) and Grant Investrade Limited (GIL) that has launched the HITS digital platform under brand name NXT Digital.

    The company in a statement claimed the HITS platform is making good progress in its expansion plans in the rural markets. The services, being now provided in all the states of the country and 640 districts, are available in more than 1,000 locations. The company claimed that GIL has also been successful in getting more than 97 per cent of its operators/customers on a pre-paid payment mode.

    According to HVL, IMCL is continuing to consolidate its position in phase I and II markets on its own, while its joint ventures too were progressing well. As part of cost rationalisation and improvement in efficiency, IMCL has outsourced the management of its extensive fibre network so that it gets optimized in a focused way.

    ALSO READ :

    Hinduja’s NXT Digital enters Fastway-dominated Punjab

    NXT Digital-InCable merger gets shareholder nod; D’Silva bemoans lack of ecosystem support

  • Ashok Mansukhani takes over as IMCL CEO & MD

    Ashok Mansukhani takes over as IMCL CEO & MD

    MUMBAI: Hinduja Ventures Limited (HVL)’s whole-time director Ashok Mansukhani will take over from Tony D’Silva aftre the latter completes necessary formalities.

    D’Silva, after being with the Hinduja group for over four and half years, since August 2012, had expressed his desire to demit office in order to pursue other interests and spend more time with his family.

    On 1 August, 2012, D’Silva took over as the HVL president and strategised the group’s media business. He went on to head Hinduja Group companies — IndusInd Media Communications Limited and Grant Investrade Ltd. – as their MD and CEO, where he completed his service contract on 31 January ’17.

    D’Silva, in a span of around five years, overhauled the group’s media businesses in a challenging and changing environment and put it on a strong platform for growth. Under his leadership, the business conceived and launched the unique Headend-in-the-Sky (HITS) platform, designed to boost the digitisation of local cable operators and MSOs.

    D’Silva and his team established the concept of prepaid model in the cable industry, a revolution in the prevailing system of credit extension which was stressing out business.

  • Ashok Mansukhani takes over as IMCL CEO & MD

    Ashok Mansukhani takes over as IMCL CEO & MD

    MUMBAI: Hinduja Ventures Limited (HVL)’s whole-time director Ashok Mansukhani will take over from Tony D’Silva aftre the latter completes necessary formalities.

    D’Silva, after being with the Hinduja group for over four and half years, since August 2012, had expressed his desire to demit office in order to pursue other interests and spend more time with his family.

    On 1 August, 2012, D’Silva took over as the HVL president and strategised the group’s media business. He went on to head Hinduja Group companies — IndusInd Media Communications Limited and Grant Investrade Ltd. – as their MD and CEO, where he completed his service contract on 31 January ’17.

    D’Silva, in a span of around five years, overhauled the group’s media businesses in a challenging and changing environment and put it on a strong platform for growth. Under his leadership, the business conceived and launched the unique Headend-in-the-Sky (HITS) platform, designed to boost the digitisation of local cable operators and MSOs.

    D’Silva and his team established the concept of prepaid model in the cable industry, a revolution in the prevailing system of credit extension which was stressing out business.

  • FY-16: STB sale triples Hinduja Ventures standalone revenue, PAT up 8.6 percent

    FY-16: STB sale triples Hinduja Ventures standalone revenue, PAT up 8.6 percent

    BENGALURU:  Hinduja Ventures Limited (HVL) reported more than triple the standalone revenue for the year ended 31 March 2016 (FY-16, current year) at Rs 332.49 crore as compared to Rs 110.45 crore in the previous year. The net profit for the year on grew 8.6 percent to Rs 100.59 crore as compared to Rs 92.59 crore in the previous year. The company attributes the increase in revenue to sale of set top boxes.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

    For the quarter ended 31 March 2016 (Q4-16, current quarter), HVL reported standalone revenue was Rs 93.75 crore as compared to Rs 22.45 crore in the corresponding year ago quarter. PAT for the current quarter declined 20.3 percent year-over-year to Rs 14.18 crore as compared to Rs 17.78 crore in Q4-15.

    Consolidated total income for the year ended was Rs. 679.98 crore EBITA was Rs. 125.79 crore and net loss of Rs. 81.21 crore.

    The HVL board has considered and recommended the Interim dividend of 175 percent on face value of Rs. 10/- per share translating into Rs. 17.50/- per share for the financial year 2015-2016 declared on March 14, 2016 as final dividend.

     

  • FY-16: STB sale triples Hinduja Ventures standalone revenue, PAT up 8.6 percent

    FY-16: STB sale triples Hinduja Ventures standalone revenue, PAT up 8.6 percent

    BENGALURU:  Hinduja Ventures Limited (HVL) reported more than triple the standalone revenue for the year ended 31 March 2016 (FY-16, current year) at Rs 332.49 crore as compared to Rs 110.45 crore in the previous year. The net profit for the year on grew 8.6 percent to Rs 100.59 crore as compared to Rs 92.59 crore in the previous year. The company attributes the increase in revenue to sale of set top boxes.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

    For the quarter ended 31 March 2016 (Q4-16, current quarter), HVL reported standalone revenue was Rs 93.75 crore as compared to Rs 22.45 crore in the corresponding year ago quarter. PAT for the current quarter declined 20.3 percent year-over-year to Rs 14.18 crore as compared to Rs 17.78 crore in Q4-15.

    Consolidated total income for the year ended was Rs. 679.98 crore EBITA was Rs. 125.79 crore and net loss of Rs. 81.21 crore.

    The HVL board has considered and recommended the Interim dividend of 175 percent on face value of Rs. 10/- per share translating into Rs. 17.50/- per share for the financial year 2015-2016 declared on March 14, 2016 as final dividend.