The company was incorporated as a public limited company in Mar.'99 in the name of Galaxy Digi Systems Ltd. The name was subsequently changed to Galaxy Multimedia Ltd from Oct.'99. The company was estabilised with a focus on the business areas of production of TV software/programmes, multimedia-computer based tutorials (BDTs) and post-production facilities.The core promoter of the company is Vipin Rai Bhayana.
The company has set up a studio in Mumbai to cater to the needs of production and post-production requirements of the film, television and web industries. The total project cost was Rs 12.57 cr. It was financed through equity of Rs 10.05 cr, a term loan from Bank of India amounting to Rs 2.50 cr and the balance Rs 0.02 cr is from the directors.
Galaxy has produced its first music video for Magnasound (India) Ltd and it has been aired on MTV and Channel V. The entire rights for this music video has been sold to Magnasound (India) Ltd for a consideration Rs of 7 lakh.
In association with Prime Focus Ltd, the company is producing a 52-episode serial titled 'Hotel Hindustan' for Zee TV. The serial has been on air from 5th Mar. 2000. Galaxy has also entered into an agreement with a leading company for development of CBTs (computer based tutorials).
A mega serial 'Manzilen Aur Bhi Hain' was produced and it has been telecasted in Sahara T V from 1st August,2001.It has also bagged the compositing and animation work of the Mega TV Serial 'Sai Baba',Audio Mixing & Dubbing for the film 'Aashiq'.
The compnay has set up a fully integrated multimedia studio comprising of various suites to cater to the varying needs of production in the television industry.