Essel Group

Essel Group is an Indian conglomerate company presently headed by Dr. Subhash Chandra,[2] based in Mumbai, Maharashtra,[3] and established in 1926.

Essel Group
Private
IndustryConglomerate
Founded1926 (1926)
FounderJagannath Goenka
HeadquartersMumbai, India
Area served
Worldwide
Key people
Subhash Chandra (Chairman)
ProductsMedia, entertainment, packaging, infrastructure, education, precious metals and technology
RevenueUS$2.4 billion (2017)[1]
Number of employees
10,000 (2011)
DivisionsSee below
Websitewww.esselgroup.com

Business divisions

The companies under the group are:[4]

Channels operated by Zee Entertainment Enterprises Limited (ZEEL)

Channels operated by Zee Media Corporation Limited (ZMCL)

Media

International

Technology

[5][6]

Entertainment

  • E-City Ventures
  • Pan India Network Limited – The online gaming company Playwin is a part of this group.
  • Mumbai FC

Packaging

Infrastructure

  • Essel Infraprojects Limited (EIL) – This group has started the amusement parks Essel World and Water Kingdom.
  • Suncity Projects

Precious metal

  • Shirpur Gold Refinery Limited (SGRL) – precious metal (gold and silver) refinery, fabrication of gold bars, coins and jewellery

Education

  • Himgiri Zee University (HZU), Dehradun
  • Zee Learn Limited – A number of educational projects have been launched by this group. They include:
    • KIDZEE & Mount Litera World preschools
    • Mount Litera Zee & Mount Litera World Schools
    • Zee Institute of Media Arts (ZIMA)
    • Zee Institute of Creative Art (ZICA)[9][10]
    • ZeeQ[11]
  • HZU[12]
  • DigiNext Education Pvt Ltd (Vigyaa)

Charity

Recent developments (2019–present)

Debt and recovery

During February 2019 reports appeared in the media that Essel Group is in talks to sell[13] their shares from the Zee Entertainment Enterprises to pay off the debt.
Sony Corporation, Comcast-Atairos, a firm lead by American cable gaint Comcast are shortlisted for the bid. However they are competing with technology giant Apple Inc. and Reliance Industries

Top Sony officials including Mike Hopkins, chairman of Sony Pictures Television,[13] and Tony Vinciquerra, chairman of Sony Pictures Entertainment, had visited Subhash Chandra and his family at his residence shortly after Chandra announced his intent to sell half of the promoter holding in Zee Entertainment Enterprises to a global strategic investor.

On April 2 reports saying that[14] some other promoters[15] sell their share worth 332 cr.

On April 3 media reports Sony and Zee Entertainment Enterprises deal off[16] for now amid valuation differences.which is open the door for Comcast-Atairos

On August 1 reports Invesco Oppenheimer Fund to buy 11% stake in Zee Entertainment[17]

See also

References

  1. "About Essel Group | Zee Learn".
  2. "Subhash Chandra buys stake in UNI". dnaindia.com. 8 September 2006. Retrieved 16 July 2010.
  3. "Essel Group". Essel Group. Retrieved 16 July 2010.
  4. "Subhash Chandra on Zee, DNA & Essel". Rediff.com. Retrieved 16 July 2010.
  5. "Essel Group". Essel Group. Retrieved 30 August 2010.
  6. "Essel Group suspends satellite platform for cable". Financialexpress.com. 15 March 2010. Retrieved 16 July 2010.
  7. Hermann Simon mentioned this company in his correspondent book as an example of a "Hidden Champion". (Simon, Hermann: Hidden Champions of the 21st Century : Success Strategies of unknown World Market Leaders. London: Springer, 2009. ISBN 978-0-387-98147-5.)
  8. ": : : About Essel Group : : :". Ecityfilms.com. 28 February 2006. Archived from the original on 4 April 2011. Retrieved 16 July 2010.
  9. "Best Animation, VFX and Design Institute India - ZICA". zica.org.
  10. "Essel Group bets big on education". The Hindu Business Line. Retrieved 16 July 2010.
  11. "zeeq.in". zeeq.in.
  12. "Best Private University in India | Best Private University in Dehradun Uttarakhand - HZU". Himgiri Zee University.
  13. Laghate, Gaurav; Barman, Arijit (19 February 2019). "Comcast-Atairos, Sony shortlisted for stake sale talks by Zee Entertainment" via The Economic Times.
  14. "Zee Entertainment shares wobble after share sale by promoters". 2 April 2019 via The Economic Times.
  15. "Zee Entertainment down 3% after promoters sell stake". Moneycontrol.
  16. Laghate, Gaurav; Barman, Arijit (3 April 2019). "Sony, ZEE deal off for now amid valuation differences" via The Economic Times.
  17. Thomas, Tanya (31 July 2019). "Invesco Oppenheimer fund to buy 11% stake in Zee Entertainment for ₹4,224 cr". https://www.livemint.com. External link in |website= (help)
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