Wed, Apr 26, 2017 | updated 07:36 AM IST

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

Updated: Sep 23, 2016 13:03 IST      
SRam & MRam Ltd., Kalam Media form  USD 100m JV
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], Apr 25 (ANI): Self-regulatory organization and industry association of the microfinance industry in India Microfinance Institutions Network (MFIN) on Tuesday launched the financial literacy mobile app for microfinance clients.

Full Story >>

e-SOT, e-PRAN cards launched for Atal Pension Yojana users

Updated: Apr 25, 2017 18:16 IST     

New Delhi [India], Apr 25 (ANI): To benefit and digitally empower over 45 lacs Atal Pension Yojana (APY) subscribers, the facility of online viewing of the statement of transaction (e-SOT) and e-PRAN cards were launched on Tuesday.

Full Story >>

New Delhi [India], Apr 25 (ANI-NewsVoir): CFA Society India, one of the 147 CFA Institute member societies, jointly hosted its annual Putting Investors First event 'Rethinking Financial Services for Millennials' in association with the Institute of Chartered Accountants of India (ICAI) and National Securities Depository Limited (NSDL).

Full Story >>

New Delhi [India], Apr 25 (ANI-NewsVoir): India's largest financial marketplace for loans and credit cards Paisabazaar.com on Tuesday announced a first of its kind strategic partnership with YES BANK, India's fifth largest private sector bank.

Full Story >>

New Delhi [India], Apr 25 (ANI-NewsVoir): Delhi NCR residents can look forward to more bespoke travel experiences with Wanderers' Footprints Travel Boutique opening its first office in the Indirapuram area.

Full Story >>

New Delhi [India], Apr 25 (ANI-Newsvoir): AKAI India on Tuesday launched a new series of high performance, energy efficient air conditioners this summer.

Full Story >>

Aye finance empowers expansion of south Indian MSMEs

Updated: Apr 25, 2017 15:41 IST     

New Delhi [India], Apr 25 (ANI): In order to empower the expansion of the Indian MSME sector , Aye Finance is delivering business loans against mortgage or simple hypothecation accessible to India's thriving and underserved MSME sector.

Full Story >>

New Delhi [India], Apr 25 (ANI-NewsVoir): Achieving two major milestones for its LNG re-gasification project at Jaigarh port in Maharashtra on the west coast of India, H-Energy Gateway Private Ltd. signed an agreement with ENGIE for chartering its FSRU GDF SUEZ Cape Ann.

Full Story >>

New Delhi [India], Apr 25 (ANI): According to credit-rating body ICRA, the growth of the renewable energy (RE) sector was driven by the large capacity additions in the wind and solar power segments.

Full Story >>

New Delhi [India], Apr 25 (ANI): Aiming to strengthen its engineering footprint in Eastern Europe, IT major Infosys Ltd. on Monday announced the opening of its first office and delivery center (DC) in Karlovac, Croatia.

Full Story >>

Rannvijay Singh to be face of The Spartan Poker

Updated: Apr 24, 2017 19:55 IST     

Mumbai [India], Apr 24 (ANI-Businesswire India): Popular actor/ TV host and youth icon, Rannvijay Singh has joined hands with The Spartan Poker, country's leading and most popular poker gaming portal as their first brand ambassador.

Full Story >>

New Delhi [India], Apr 24 (ANI): Global specialist in energy management and automation Schneider Electric India on Monday announced its signing of an agreement with Naya Raipur Development Authority (NRDA) for the development of the first green field integrated smart city of Naya Raipur, Chhattisgarh.

Full Story >>

New Delhi [India], Apr 24 (ANI-NewsVoir): The grand celebration of Adarsh Star Samaroh 2017 was held at JECC Ground in Jaipur, Rajasthan. Adarsh Star Samaroh is an annual event from Adarsh Credit Co-operative Society to celebrate the success of the team leaders and advisors of Adarsh Credit Co-operative Society who have gathered from all across the country.

Full Story >>

New Delhi [India], Apr 24 (ANI): The new variants build on Vestas' 2 MW platform, delivering increased swept area and annual energy production while keeping the existing 2 MW nacelle and hub design.

Full Story >>

New Delhi [India], Apr 24 (ANI): LC Singh, Founder, Vice Chairman and CEO of Nihilent Technologies, a Pune-based global consulting and solutions Integration Company, addressed a large gathering of entrepreneurs, corporate executives, investors and mentors on 'How design thinking makes use of a collaborative approach in solving complex problems; and how 'empathy' lies at the core of the design thinking approach' at the flagship event of 'TiECON, Pune 2017', which took place recently at The Westin Koregaon Park, Pune.

Full Story >>

New Delhi [India], Apr 24 (ANI-NewsVoir): The tremendous response that our existing Indiqube centres have received in Bangalore, we are now expanding our footprints in city's shared work space map with launch of four new centers in important areas in order to cater to the growing demand for shared spaces.

Full Story >>

Ola launches biggest driver partner engagement initiative

Updated: Apr 24, 2017 12:44 IST     

New Delhi [India], Apr 24 (ANI): Taxi aggregator Ola on Monday announced the launch of 'Ola Partners League' - a unique virtual cricket game for its driver partners.

Full Story >>

New Delhi [India], Apr 24 (ANI): International Management Institute (IMI) conducted its 33rd Annual Convocation Ceremony at IMI-New Delhi campus where it awarded 299 students of the premier Business School with diplomas.

Full Story >>

L&Technology Services wins smart city and campus project

Updated: Apr 24, 2017 11:36 IST     

New Delhi [India], Apr 24 (ANI-BusinessWireIndia): L&T Technology Services Limited, a leading global pure play engineering services provider, announced the development of Smart City and Campus solutions that will be used to develop a smart office campus in Israel for a leading technology company - a result of its expanded partnership with Microsoft.

Full Story >>