IndusInd Media and Communication Limited (‘IMCL') of Hinduja Group ( Holding Company Hinduja Ventures Ltd.) . IMCL is one of the largest multi system operators in the country. With an estimated 8 million subscribers across 27 major cities, the Company offers 304 channels in the digital mode (it also offers about 90 TV channels in the analog mode, which are also a part of the digital package). It has a backbone of over 1000 kms of hybrid fibre optic networks through which it also offers broad band services and has a National ISP license.
Over and above Digital cable distribution, the company is also into content creation, acquisition & aggregation for TV services. IMCL has successfully deployed over 400,000 set top boxes for converting analogue homes to digital homes. This also includes 150,000 digital boxes in the mandated CAS areas. The company is fully geared up to meet the subsequent addressable digital cable roll out as per Government policy & regulations.
Financial Highlights of Media Company (IMCL): Excerpts from HVL Press note( Holding Company)
The Media segment, through its major cable distribution subsidiary, IMCL reported a Total Income for the year of Rs. 328.59 Crores as against Rs. 297.72 Crores in the previous period, a growth of 11%. IMCL's Net Profit After Tax for the year was Rs. 33.31 Crores as against Rs. 24.67 Crores a growth of 35%. IMCL's investments in new geographies have contributed to the growth of IMCL and continued profitable performance track record. EBIDTA for the year of IMCL was Rs. 69.01 Crores as against Rs. 50.54 Crores, a rise of 36.54%. IMCL remains one of the few cable distribution companies with profitable track record. The Media Segment includes financials of Subsidiaries of IMCL.
www.hindujaventures.com
About the Hinduja Group
The Hinduja Group is a multi-billion dollar global investment and banking group with a diversified global portfolio of holdings across the manufacturing services and banking sectors. The Group, founded by Shri P.D. Hinduja in 1914, has activities across three core areas: Investment Banking, International Trading and Global Investments. As part of its Global investments, the Group owns businesses in Automotive, Information Technology, Media, Entertainment & Communications, Banking & Finance, Infrastructure Project Development, Chemicals & Agri business, Energy, Real Estate and Healthcare.
The Hinduja Group also supports charitable and philanthropic activities across the world through the Hinduja Foundation.
www.hindujagroup.com |
