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सारेगामा इंडिया > कंपनी इतिहास > Media & Entertainment > कंपनी इतिहास का सारेगामा इंडिया - बीएसई: 532163, NSE: SAREGAMA

सारेगामा इंडिया

बीएसई: 532163  |  NSE: SAREGAMA  |  ISIN: INE979A01017  |  Media & Entertainment

कंपनी इतिहास - सारेगामा इंडिया
1946
 
 - The Company was Incorporated on 13th August.  The Company was a
 subsidiary of The Gramophone Company Ltd., England (parent company).
 The parent company established its Indian branch in 1901 and set up
 a
 factory in Calcutta to manufacture records and gramophones in 1907.
 The factory at Dum Dum, Calcutta was established in 1928.
 
 - The products manufactured were marketed under the trade marks His
 Master's Voice and Columbia.  The parent Company carried on business
 in India until 1st July, 1964 and from which date, the Company
 purchased and acquired appropriate assets of the parent Company's
 branch in India as a going concern.  The parent company is itself a
 subsidiary of Electric & Musical Industries Ltd., England, known as
 EMI
 throughout the world.
 
 - The Company's main object is to manufacture, sell and deal in
 gramophone records, radio receivers, radiograms, record players,
 record
 producers, pick-up cartridges, components and accessories thereof
 and
 other allied products.
 
 - The Company's factory is situated at Dum Dum, Calcutta, where the
 parent company's factory was situated.  The Company's factory is
 most
 up-to-date in all manufacturing techniques (especially in the field
 of
 gramophone records) and is largely air conditioned.
 
 - The Company also maintains recording studios and distribution
 depots
 of its own in Calcutta, Mumbai, Delhi and Chennai for gramophone
 records and other products.  Two Industrial Licences granted to the
 parent company for the manufacture of (i) 24,000 radio receivers per
 annum and (ii) 36,000 4-speed mains and battery operated record
 playing
 decks and 4-speed mains and battery operated record reproducers per
 annum were transferred in the name of the Company.
 
 1968
 
 - In May, the Company obtained another licence to increase the
 annual
 capacity for the manufacture of radio receivers from 24,000 to
 40,000.
 
 - As on 30-6-1968, all shares were held by the Gramophone Co. Ltd.
 U.K., and its nominees.
 
 - 1,50,000 shares issued in December, (prem. Rs.5 per share); 10,000
 shares reserved for directors etc. and 1,40,000 shares offered to
 the
 public.
 
 1969
 
 - The Company entered into a technical collaboration agreement with
 Electrical & Musical Industries Ltd., England (EMI), which expired
 on
 30th June.
 
 - Under the terms of a three-year agreement concluded with
 Technicolor
 Ltd., London, the Company was appointed as sole agents for
 Technicolor
 in India, Pakistan, Burma and Ceylon.  A separate Technicolor Agency
 Division was set up at the Company's Mumbai branch to handle this
 work.
 
 1971
 
 
 - 1,50,000 shares issued (prem. Rs.8 per share); 37,500 shares as
 rights in prop. 1:8 to Indian shareholders; 15,000 shares to
 employees
 and artists and 97,500 shares to the public.
 
 1976
 
 - 4,50,000 Bonus shares issued in prop. 3:5.
 
 1977
 
 - The Company ceased to be a subsidiary of The Gramophone Company
 Ltd.,
 U.K., after the issue of shares to the Indian nationals through a
 prospectus during February.  The Gramophone Company Ltd., England
 and
 its nominees hold 7,20,000 shares of the issued by the Company.
 
 - During February, 6,07,100 shares issued (prem. Rs.8 per share)
 through a prospectus : 2,38,580 shares reserved as rights to
 resident
 Indian shareholders in prop. 1:2.  60,000 shares reserved for
 directors, employees of the company, artists/film producers and
 dealers
 and 3,08,520 shares offered to the public.
 
 1983
 
 - A letter of intent was received to set up a plant for the
 manufacture
 of 1000 million running metres per annum of 1/4% magnetic tape.
 
 - The Company entered into a collaboration agreement with Capital
 Magnetic Products Inc., U.S.A., for providing technical know-how for
 the project.  Licence for importing major capital equipment had been
 obtained.  However, setting up of a plant for the manufacture of
 audio
 tapes alone was not found viable.
 
 1984
 
 - The losses increased due to the sharp drop in record sales,
 discounts
 paid to dealers and the reduction in the selling price of records to
 arrest further decline in sales.
 
 - On 20th September, the company issued 2,71,065 secured convertible
 debentures of Rs.100 each on rights basis to raise funds for the
 cassette expansion project and for working capital purposes. 
 One-third
 of the face value of each debenture would be converted into equity
 shares at par (fractions being ignored) at the option of the
 debentureholder after one year from the date of allotment.
 
 1985
 
 - The Company applied for an increase in its licensed capacity for
 the
 manufacture of cassettes from 1.8 million per annum to 10 million
 per
 annum.  The letter of intent for this expansion was already received
 and the expanded plant was commissioned in February.
 
 1986
 
 - In June, the Company issued to its existing shareholders on rights
 basis 22,40,000 No. of equity shares of Rs.10 each at par linked
 with
 5,76,000 15% secured redeemable non-convertible debentures of Rs.100
 each.  The issue was not fully subscribed and the company could
 allot
 only equity shares/debentures worth Rs.6.08 crores to the resident
 Indians/bodies corporate on 8th December.
 
 - 8,13,195 shares issued at par on part conversion of 13.50%
 debentures.  Another 17,54,141 shares issued at par.
 
 1987
 
 - The Company came under the provisions of the Sick Industrial
 Companies (SP) Act. 1985 and as per its requirements a reference to
 the
 Board for Industrial and Financial Reconstruction was made.
 
 1988
 
 - 18,996 No. of equity shares issued at par.
 
 1992 - 4,46,712 No. of equity shares allotted as fully paid up
 pursuant
 to a contract without payments being received in cash.
 
 1993
 
 - 1,17,76,354 shares issued through conversion of certain
 debentures,
 loans etc. pursuant to the order dated 11.11.1995 of BIFR, 4,50,000
 bonus shares issued.
 
 - The Company has set up two upmarket retail shops as a part of its
 plan to set up a chain of upmarket music marts, this will act as a
 catalyst to overall improvement in the retail environment.
 
 1994
 
 - A new brand `Sheer magic' was launched which contains digitally
 remastered music recorded on high quality imported magnetic tape.
 
 - 20,00,000 No. of equity shares issued through conversion of
 certain
 debentures, loans etc. pursuant to the order of BIFR.
 
 1995
 
 - The Company entered into FM broadcasting business having obtained
 time slots in Calcutta and Goa radio stations.
 
 - The Company has entered into an agreement with Gramco Music
 Publishing Private Limited (GMPPL) to acquire 30% of its equity and
 takeover full management control.
 
 1996
 
 - The Company acquired the entire equity of Gramco Music Publishing
 Ltd
 (GMPL), which is now a wholly-owned subsidiary.
 
 - The Company also acquired the entire equity of Rs.130/- of its
 wholly
 owned subsidiary for export operations, namely, RPG Music
 International
 Ltd. (RMIL).
 
 1997
 
 - The Company has entered into a licensing agreement with RMIL
 allowing
 them to use copyrights of the Company in the international market
 for
 marketing musicassettes, compact discs, etc., on payment of licence
 fees to the Company.
 
 - The company launched its first in-house production Bada Din
 directed
 by Anjan Dutt.
 
 - RPG group-controlled Gramophone Company of India (GCI) has written
 to
 the industry ministry, objecting to UK-based EMI Group Plc's
 proposal
 to set up a 100 per cent subsidiary in India.
 
 1998
 
 - Gramco Films, a division of Gramco Music Publishing Ltd. (GMPL),
 is
 involved in production and distribution of Hindi and Bengali films,
 as
 also Bengali tele-serials.
 
 - Gramco Films launched two new film projects during the year
 `Godmother' in Hindi and `Hathat Brishti' in Bengali.
 
 - The Company received the coveted ISO 9002 certification during the
 year.  This is the first time that a music company in India has
 achieved this certification.
 
 - The Company was awarded a very high credit rating Ind D1 by Duff &
 Phelps Credit Rating India Pvt. Ltd. for its Rs. 3-crore Commercial
 Paper programme.
 
 1999
 
 - The Company is setting up a UK subsidiary which will float equity
 shares abroad and get listed on the London OFEX, the British bourse
 for
 mid-cap companies.
 
 - The Gramophone Company of India Ltd (GCIL) is floating a new brand
 parallel to HMV.
 
 2000
 
 - The company has entered into a fresh 25-year agreement with EMI
 Records, UK, for using the HMV brand name.
 
 - The Company, belonging to the Rama Prasad Goenka group, has
 entered
 into a seven-year sole licencing agreement with Pyramid
 International
 Pte, Singapore, to use the audio rights of Pyramid's catalogue of
 Tamil
 music in the international market.
 
 - The Rama Prasad Goenka (RPG) group has proposed share exchange
 ratios
 of 4:7 and 1:700 for the proposed merger of RPG Music International
 Ltd
 (RMIL) and Gramco Music Publishing Ltd (GMPL)with Gramophone Company
 of
 India Ltd (GCIL).
 
 - The agreement between Pyramid and GCIL's newly floated
 Mauritius-based wholly-owned subsidiary RPG Global Music was signed
 in
 Singapore recently.
 
 - The Company has approved preferential allotment of equity shares
 of
 Rs 10/- each upto a total amount of Rs 125 crores approx. on an
 private
 placement basis.
 
 - The Company part of the RP Goenka group, has further entrenched
 itself in the Rs 1,200 crore music industry by entering into a
 strategic alliance with Pyramid for exploiting its tamil and
 Malayalam
 catalogues for the net seven yerars.
 
 - Pursuant to a Scheme of Amalgamation sanctioned by the Hon'ble
 Court
 of Calcutta on 12th June, 2000 all the assets and liabilities as on
 1st
 March, of two of its subsidiaries viz. RPG Music International Ltd.
 and
 Gramco Music Publishing Limited has been merged with the company
 with
 retrospective effect from 1st March.
 
 - The Gramaphone Company of India Ltd., controlled by the RPG Group,
 is
 proposed to be rechristended as Saregama India Ltd.
 
 - The Company has set to prune its manpower strength from the
 existing
 800 to 600 during the year.
 
 - The Company part of the RPG Group and the owner of the HMV brand,
 has
 acquired the all-world rights for 350 music titles from
 Chennai-based
 Sea Records through an out-and-out cash deal for an undisclosed
 amount.
 
 - Hamaracd.Com, a Web site for customised CDs owned by the Company
 will
 set up kiosks in Chennai during the December music season in the
 City
 to enable music lovers to make their own Kutcheris.
 
 - The name of the company has been changed to Saregama India Ltd.
 with
 effect from 3rd November.
 
 2001
 
 - The company an RPG group company, had decided to transfer and
 merge
 its UK-based subsidiary Saregama Plc and the Mauritius-based RPG
 Global
 Music Ltd.
 
 2003
 
 - Saregama India Ltd has informed about certain organisational
 changes in the company. As per the changes Mr Harish Dayani shall be
 taking charge as Chief Executive of the newly formed division of Film
 Production. Mr Raj Grover will continue to function as CEO
 International Operations and look into the operations of Hamara CD.
 
 -The BOD has appointed Mr. Dilip R Mehta as an Additional Director in
 the capacity of Managing Director of the company in place of Mr. Abhik
 Mitra,
 
 2004
 
 -Saregama India Limited has informed that Mr. T. K. Maji has been
 nominated by UTI as Director in the Board of Company in place of Mr.
 B.S.Pandit with effect from December 3, 2003. Further, the following
 organisational changes took place in the company: (1) Adit Atal,
 General Manager - Commercial, of the Company will be moving to
 another assignment on a promotion within the RPG Group w.e.f. January
 1, 2004. (2) Mr. G.B.Aayeer, Vice President - Finance will take over
 responsibilities for the Finance and Commercial functions of the
 Company w.e.f January 1, 2004. Mr. G.B. Aayeer will be reporting to
 Mr. D.R.Mehta, Managing Director of the Company.
 
 -Ties up with Color Chips Ltd. for production, distribution,
 marketing and sale of the album Hanuman Chalisa
 
 - BBC Worldwide, the commercial arm of the BBC, is entering the
 Indian home entertainment market through a partnership with Saregama
 India Ltd. Major studios like Disney and Warner have already made
 their appearance in this small but fast-growing segment. Saregama
 plans to release five to seven titles per month. The VCDs will be
 priced at Rs 150 (single disc) and Rs 199 (double disc)
 
 2004
 
 -Blue Niles Holdings Limited has informed that they have acquired
 1,09,560 equity shares aggregating to 1.17% of the issued capital of
 Saregama India Limited.
 
 2005
 
 -Saregama India forges alliance with MGM Studios
 
 -Saregama India Ltd Issues Rights in the Ratio of 4:7
 
 2006
 
 -Mr. S. Coomer has been appointed as Company Secretary, Head Legal
 and Compliance Officer of the company.
 
 -Mr. Subroto Chattopadhyay has been appointed as Managing Director of
 the company.
 
 2008
 
 -Saregama India has declared dividend at the rate of 10% 
 
 2009
 
 -Mr. Tony Paul, has been appointed as the Company Secretary and Head
 Legal 
 
 -Mr. Apurv Nagpal was appointed as Managing Director of the Company 
 
 2011
 
 -Mr. Pradip Kumar Khaitan has been inducted as an independent
 Director of the Company.
 
 2012
 
 -Mr. G. B. Aayeer has been appointed as 'Manager' of the Company
 
 2013
 
 -Board has recommended a dividend of Re. 1.50 equity share of Rs.
 10/- each.
 
 2014
 
 -Board has recommended a dividend of Re. 1.50 equity share of Rs.
 10/- each(i.e.15%).
 
 
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