Mon, Mar 27, 2017 | updated 10:02 PM IST

SRam & MRam Ltd., Kalam Media form USD 100m JV

Updated: Sep 23, 2016 13:03 IST
Jakarta [Indonesia]/New Delhi [India], Sept.23 (ANI-Newsvoir): SRam & MRam Ltd. (UK), a leading diversified business conglomerate headquartered in the United Kingdom and Kalam Media, an Indian media house, today announced the signing of an agreement to form a joint venture as India's largest start-up in the media and entertainment space.

The Joint Venture Company, SRam & MRam Kalam Media Pvt. Ltd., will be headquartered out of India and source high demand media and entertainment content from pan-India and distribute it through a global network across the Americas, Europe, Far East and Australia.

The raised capital infusion from SRam & MRam Ltd. (UK) will be scheduled over three phases of three years each.

"With this Joint Venture, our Group aims to diversify in the Media & Entertainment sector globally. In the first phase, we will be focusing on producing, aggregating and distributing unique content across key geographies including Indonesia. The first will be a film produced in Indonesia through Pt. SKV Movie Entertainment and there will be many more to follow. In addition there will also be a cross cultural interaction between the Indian and the Indonesian film industries for the mutual benefit of both markets. This in my view would be our own way to participate in the 'Make In India' initiative by promoting and popularizing 'Made In India' content in international markets," said Sailesh Hiranandani, chairman of SRam & MRam Ltd. (UK)

"We are happy to partner with Kalam Media in this initiative and would do whatever it takes to make SRam & MRam Kalam Media Pvt. Ltd. a tremendous success worldover. The deep-rooted insights and experience of Kalam Media would enable the JV to produce and aggregate content which appeals in the global markets," Hiranandani added with inputs from Mr. Manoj Todi.

Over the next three months, the joint venture company would establish its base in key Indian cities, including the top eight metros, directly and through associates.

Parallely, the joint venture will forge alliances with global entertainment and developmental platforms across 12 key business centers the world over - in the Americas, Europe and Far East.

"We are excited to partner with SRam & MRam Ltd. (UK) in this unique initiative, through which we aim to change the dynamics of the global market for Indian content. The Indian entertainment and content software has significant potential in the Global village of today, and we will partner established networks to produce customized content on demand using our deep-rooted network in India," said Ashutosh Singh, Chairman of Kalam Media.

"While Hindi and English content are the mainstays, we will also take the unchartered territories of creating content producers at district level to promote regional content production. In true spirit of "Skilling India", we will impart audio visual content production training to our partner associates across the length and breadth of the country," he added.

Under the ambitious plans, the JV company will also set up content gathering and production training institutes across 4 regional hubs in India so as to train youth to generate low-cost saleable content.

SRam & MRam Kalam Media Pvt. Ltd. plans to train close to 5000 individuals under their Vision 2020. Using a hybrid collaborative, public-participation model, SRam & MRam Kalam Media Pvt. Ltd. aims to create over 3000 employment & self-employment opportunities within 2 years of its launch.

It also plans to make significant inroads in the NRI mindspace through a dedicated portal "For the Indians, by the Indians, of the Indians" that would be powered with multi-platform apps in its second year.

This would enable SRam & MRam Kalam Media Pvt. Ltd. to target the 10 Million (1 crore) plus Non-Resident Indians who have significant appetite for Indian diaspora. The JV company aims to break-even in third year of its launch scheduled in November 2016.

Capitico PRG would provide its services to both partners to ensure a smooth running of operations. Its role would primarily be to hold equity in the Indian entity, be part of the management group and manage financial aspects of the entire deal. (ANI-Newsvoir)

New Delhi [India], Mar 27 (ANI): Leading financial marketplace Wishfin on Monday announced developments in the company's management team with key new hires to support its expansion.

Full Story >>

New Delhi [India], Mar 27 (ANI): Bank of Baroda, India's leading public sector bank has entered into MOU with Jain Irrigation Systems Limited, with an objective to finance the Micro Irrigation systems i.e. drip and sprinkler irrigation sold by the company through the network of Bank of Baroda branches across the country.

Full Story >>

New Delhi [India], Mar 27 (ANI): The 33rd Edition of India Carpet Expo, Organized by Carpet Export Promotion Council at Pragati Maidan, New Delhi was inaugurated today with lamp lighting by Minister of Textile, Smriti Irani in the august presence of Ajay Tamta, Minister of State for Textiles and Virender Singh, Member of Parliament, Bhadohi.

Full Story >>

New Delhi [India], Mar 27 (ANI): India's top mobile balance management service app True Balance has introduced a welcomed addition of 'One-click Recharge' feature to facilitate easy phone bill payments through its platform.

Full Story >>

New Delhi [India], Mar 27 (ANI): Unveiled at the Milan Men's Fashion Week 2017, the Ducati Diavel Diesel is now available on special order at Ducati dealerships across the country. One of the most successful Ducati models in India, the Diavel has now donned an exquisite avatar, as a result of a creative collaboration between the Ducati Design Center and Andrea Rosso, Diesel Licensing Creative Director.

Full Story >>

New Delhi [India], Mar 27 (ANI): India's leading online recruitment marketplace Aasaanjobs on Monday announced the launch of its unique search and filter feature for job seekers on its platform.

Full Story >>

New Delhi [India], Mar 27 (ANI-NewsVoir): The fast moving consumer goods (FMCG) segment is the fourth largest sector in the Indian economy.

Full Story >>

New Delhi [India], Mar 27 (ANI-NewsVoir): Shardul Amarchand Mangaldas and Co. has been awarded the 'National Law Firm of the Year, 2017, India' by Chambers and Partners, the world's premium evaluator of Legal Services.

Full Story >>

New Delhi [India], Mar 27 (ANI): Lalit Dalmia has launched his brand new Collection Name Fad Paradise at Indian Showcase week. The show was opened by singer composer Arko Mukherjee and closing ceremony was done by Mohammed Morani.

Full Story >>

New Delhi [India], Mar 27 (ANI): Punjab Agri Export Corporation Ltd. (PAGREXCO) has signed an MOU for an Exclusive Alliance for Ecommerce Enablement of PAGREXCO in association with Trendybharat.com. Under this agreement, Trendybharat.com will market, promote and sell Punjab Agro's organic products across India and overseas.

Full Story >>

New Delhi [India], Mar 27 (ANI-BusinessWireIndia): Tata Capital, the financial services arm of the Tata Group, today, announced the launch of 'myLoan' - a first-of-its kind Mobile App by the company to extend its existing personal loan offering to the emerging younger and mobile savvy audience.

Full Story >>

New Delhi [India], Mar 27 (ANI): India's largest online marketplace Snapdeal on Monday announced a range of initiatives launched at curbing fraudulent online transactions, are accruing massive cost savings for the company.

Full Story >>

New Delhi [India], Mar 27 (ANI): India's leading and fastest growing seed investment and innovation platform Venture Catalysts announced its participation in Series A funding round of Fynd, the unique fashion e-commerce portal with USD 500k.

Full Story >>

New Delhi [India], Mar 27 (ANI): Taxi aggregator Ola on Monday announced the launch of Ola Play, its connected car platform for ridesharing in Hyderabad.

Full Story >>

Gurugram (Haryana) [India], Mar.27 (ANI-Businesswire India): Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, showcased its general industrial coating solutions at the India Surface Finishing Exhibition 2017 (ISF 2017) recently held in New Delhi.

Full Story >>

Jaitley tables Central GST Bill in LS

Updated: Mar 27, 2017 12:25 IST

New Delhi (India), Mar. 27 (ANI): Union Finance Minister Arun Jaitley on Monday tabled the Central Goods and Services Tax (GST) Bill 2017 in the Lok Sabha.

Full Story >>

New Delhi [India], Mar 25 (ANI): The wildlife conservation worker, like most of their subjects, is an elusive person. To celebrate the outstanding contribution of these simple, hardworking, humble yet extraordinary people, ZEISS group acknowledged these talented individuals in wildlife conservation through their annual ZEISS Wildlife Conservation Awards and this year on March 24th, 2017 at Indian Habitat Centre, New Delhi.

Full Story >>

New Delhi [India], Mar 25 (ANI): Vestas Wind Systems, the world's leading wind power solutions provider, today inaugurated a state-of-the-art wind turbine blade manufacturing unit in Gujrat.

Full Story >>

New Delhi [India], Mar 25 (ANI): In yet another fun filled afternoon for fashion and sports enthusiasts, India's leading fashion e-tailer, Jabong, hosted a launch event with the legendary Indian Cricket all-rounder Yuvraj Singh unveiling his sports lifestyle brand YWC on the portal.

Full Story >>