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| *] (50% with ])<ref>{{cite web|url=http://www.esselgroup.com/aboutus.htm|title=Essel Group|date=|publisher=Essel Group|accessdate=2010-08-30}}</ref><ref>{{cite web|url=http://www.financialexpress.com/news/essel-group-suspends-satellite-platform-for-cable/590803/|title=Essel Group suspends satellite platform for cable|date=2010-03-15|publisher=Financialexpress.com|accessdate=2010-07-16}}</ref> | *] (50% with ])<ref>{{cite web|url=http://www.esselgroup.com/aboutus.htm|title=Essel Group|date=|publisher=Essel Group|accessdate=2010-08-30}}</ref><ref>{{cite web|url=http://www.financialexpress.com/news/essel-group-suspends-satellite-platform-for-cable/590803/|title=Essel Group suspends satellite platform for cable|date=2010-03-15|publisher=Financialexpress.com|accessdate=2010-07-16}}</ref> | ||
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| ==== International ==== | |||
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Revision as of 02:14, 8 May 2020
 | |
| Company type | Private |
|---|---|
| Industry | Conglomerate |
| Founded | 1926; 99 years ago (1926) |
| Founder | Jagannath Goenka |
| Headquarters | Mumbai, India |
| Area served | Worldwide |
| Key people | Subhash Chandra (Chairman) |
| Products | Media, entertainment, packaging, infrastructure, education, precious metals and technology |
| Revenue | US$2.4 billion (2017) |
| Number of employees | 10,000 (2011) |
| Divisions | See below |
| Website | www |
Essel Group is an Indian conglomerate holding company headquartered in Mumbai, Maharashtra, India. It was founded in 1926 as the Messrs Ramgopal Indraprasad by Jagannath Goenka. The company was expanded and converted into the Essel Group of Industries by the chairman Subhash Chandra. The company has business enterprises in mass media, infrastructure and packaging industry. Notable subsidiaries of the company include Zee Media Corporation, Zee Entertainment Enterprises, Siti Networks, Dish TV and Essel Propack.
History
1926-1967
1967-1991
1991-Present
Subsidiaries
The companies under the group are:
Media
Zee Entertainment Enterprises
The company was launched in 15 December 1991 as Zee Telefirms Ltd as the Essel group's venture into mass media and entertainment The company launched its first television channel (Zee TV) on 1 October 1992. The channel is currently the flagship channel of the company which owns a variety of channels under the brand name of Zee.
The company was registered on the BSE Sensex from 2000–2005. In 2006, the company was split with the Zee Telefirms Ltd, Zee News Ltd and Wire & Wireless India Ltd.
The company acquired a majority stake (51%) in ETC Networks. In 2006, they acquired Integrated Subscriber Management Services Limited, and in November 2006, it acquired an 50% stake in Taj television, owner of TEN Sports. On that same year, the company was rebranded as Zee Entertainment Enterprises. In 2006, the brand name was changed to Zee Entertainment Enterprises Ltd.
In 2008, Zee Networks launched Zee Motion Pictures and Zee Limelight (now Zee Studios) for the development, production, distribution and marketing of mainstream films in Indian languages, including Hindi, Tamil, Telugu, Kannada, Malayalam, Bengali and Marathi. Some of Zee Studios's productions include Gadar: Ek Prem Katha, Natsamrat, Sairat and Rustom.
In February 2010, the business acquired an additional stake (95%) in TEN Sports.
In May 2011, Star Den entered into a 50/50 joint venture with Zee Turner and Zee Entertainment Enterprises (ZEEL) to distribute and market all channels owned by the company and ZEEL, their respective affiliated channels and other third-party channels in India, Nepal and Bhutan.
In 2015 Zee acquired Sarthak TV, an Odia-language pay-television channel. One year later, on 28 July 2016, it launched Zee One, aimed at the German market. A Polish version of the channel was launched in 2017.
In 2016, Zee launched Zee Mundo, a Spanish-language Bollywood movie channel targeting Latin America.
In 2017, the company acquired the majority stake of the Reliance Broadcast Network. It also fully purchased 9X Media and INX Music. A partially-owned subsidiary, Diligent Media Corporation, is a publisher of Indian daily newspapers and websites. DMC is a joint venture between Zee and the Dainik Bhaskar Group.
It also owns a music label, Zee Music Company.
- Zee Network
- ZEE5
- Zee Turner Limited (50% with Turner)
- Zee ETC Bollywood
- Zee World
- Zee Magic
- Zee Mundo
- Zee Sine
- Zee One
- Zee Aflam
- Zee Alwan
- Zee Bollynova
- Zee Russia
- Zee TV Canada
- Zee Bioskop
- Zee Living
- Zee Nung
- Zee Phim
Zee Media Corporation
Main article: Zee News- Zee News
- Zee Hindustan
- WION
- Zee Business
- Zee 24 Ghanta
- Zee 24 Taas
- Zee 24 Kalak
- Zee Bihar Jharkhand
- Zee Madhya Pradesh Chhattisgarh
- Zee Uttar Pradesh Uttarakhand
- Zee Odisha
- Zee Punjab Haryana Himachal
- Zee Rajasthan
- Zee Salaam
Infrastructure
- Siti Cable
- Essel Infraprojects Limited (EIL) – This group has started the amusement parks Essel World and Water Kingdom.
- Suncity Projects
Packaging
Others
- Shirpur Gold Refinery Limited (SGRL) – precious metal (gold and silver) refinery, fabrication of gold bars, coins and jewellery
- E-City Ventures
- Pan India Network Limited – The online gaming company Playwin is a part of this group.
- Mumbai FC
- 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)
- ZeeQ
- HZU
- DigiNext Education Pvt Ltd (Vigyaa)
Charity
- Ekal Vidyalaya
- Transnational Alternate Learning for Emancipation and Empowerment through Multimedia (TALEEM) Research Foundation
- EsselWorld-OASIS
Recent developments (2019–present)
Debt and recovery
During February 2019 reports appeared in the media that Essel Group is in talks to sell 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, 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 some other promoters sell their share worth 332 cr.
On April 3 media reports Sony and Zee Entertainment Enterprises deal off 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
See also
References
- "About Essel Group | Zee Learn".
- "From 'Okara Dukaan' to Zee… the complete story". MxMIndia. 1 October 2012.
{{cite web}}: CS1 maint: url-status (link) - Pratap, Rashmi (21 April 2019). "India Inc's Crown Jewels At Risk- Business News". Business Today (India).
{{cite web}}: CS1 maint: url-status (link) - Chaki, Deborshi (9 January 2019). "Essel Group in talks to raise $400 million to refinance debt". Livemint.
{{cite web}}: CS1 maint: url-status (link) - "Subhash Chandra on Zee, DNA & Essel". Rediff.com. Retrieved 16 July 2010.
- Agarwal, Amit (12 July 2013). "Subhash Chandra makes television history with Zee TV began life running a flour-mill". India Today (published 15 August 1994). Retrieved 28 February 2020.
{{cite web}}: CS1 maint: url-status (link) - "Zee Telefilms demerges into 3 firms". Business Standard. 14 December 2006. Retrieved 28 February 2020.
{{cite news}}: CS1 maint: url-status (link) - "Zee Group launches two motion picture production banners". Business of Cinema. 2008.
- Zee Entertainment Acquires Sarthak Entertainment
- Bindu D Menon. "Zee buys Anil Ambani's TV, radio biz for ₹1,900 cr | Business Line". Thehindubusinessline.com. Retrieved 23 November 2017.
- "Zee Entertainment fully acquires 9X Media and INX Music in Rs 160-crore cash deal". Firstpost.com. Retrieved 23 November 2017.
- "Indian Newspapers and News Sites". w3newspapers.com. Retrieved 18 October 2014.
- "Essel Group". Essel Group. Retrieved 30 August 2010.
- "Essel Group suspends satellite platform for cable". Financialexpress.com. 15 March 2010. Retrieved 16 July 2010.
- 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.)
- ": : : About Essel Group : : :". Ecityfilms.com. 28 February 2006. Archived from the original on 4 April 2011. Retrieved 16 July 2010.
- "Best Animation, VFX and Design Institute India - ZICA". zica.org.
- "Essel Group bets big on education". The Hindu Business Line. Retrieved 16 July 2010.
- "zeeq.in". zeeq.in.
- "Best Private University in India | Best Private University in Dehradun Uttarakhand - HZU". Himgiri Zee University.
- ^ Laghate, Gaurav; Barman, Arijit (19 February 2019). "Comcast-Atairos, Sony shortlisted for stake sale talks by Zee Entertainment" – via The Economic Times.
- "Zee Entertainment shares wobble after share sale by promoters". 2 April 2019 – via The Economic Times.
- "Zee Entertainment down 3% after promoters sell stake". Moneycontrol.
- Laghate, Gaurav; Barman, Arijit (3 April 2019). "Sony, ZEE deal off for now amid valuation differences" – via The Economic Times.
- Thomas, Tanya (31 July 2019). "Invesco Oppenheimer fund to buy 11% stake in Zee Entertainment for ₹4,224 cr". Mint.
External links
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