RMV IT Ventures into media and entertainment equipment rental segment

Jaipur based IT Infra Rental Company which is one of the largest organised player in IT infrastructure renting like desk tops, laptops, servers, UPS, routers etc. has entered into another attractive segment of renting out IT equipments to media and entertainment industry; the company said in a statement.

The company RMV Group has started renting out high-end Mac servers and machines, high capacity storage devices, colour balancing monitors etc. It offers IT equipments to create infrastructure of editing, dubbing, animation and music studios. The IT infrastructure is also provided for the onsite shooting of serials and movies.

Some of the key companies using their services are SONY, Viacom18, Star Plus and Zee group through their vendors who provide editing and other services.

"We have very good connect with media industry, they have been asking us to provide these high-end servers and machines, high capacity storage devices, colour balancing monitors and other IT equipments for long time however we wanted to understand the business segment first and then get into it. We did lot of primary research by meeting all kind of stakeholders and then decided to offer these products. Media and Entertainment is very large and attractive industry for leasing of high end IT infrastructure and its growing at a good pace. The rental market size of this segment is more than Rs. 15,000 cr per annum," said founder and CEO RMV IT, Parmeshwar Sharma.

The company RMV Group is already one of the largest organised players providing its IT infra rental services across the country. It offers desktops, laptops, projectors, servers of all configurationon rental basis majorly to start-ups, KPOs, BPOs, educational institutes and Fintech companies.

Some of the key clients being serviced by it are Tata Tele, Vodafone, MTS, Manipal University, Testbook.com, TV18, Sulekha, Red eye, Prestloans (Fintech NBFC) etc. The company also provides all types of audio visual set ups for corporate and social events.

"We have been growing over 50 percent YoY in our revenues in the last 3 years, by adding media industry products we aim to grow by over 100 percent in next one year. The new offering will also help us to diversify our portfolio and hedge the portfolio risk," said Sharma.

Parmeshwar is a seasoned professional having a rich and diversified experience of more than 15 years in Information Technology (IT), Finance and Equity market. He is an MBA and commerce graduate from Calcutta University. He is the most established professional in providing consultancy about IT infrastructure establishment for the financial markets. He has provided services to more than 50 corporate houses on IT setup in financial services," said founder and CEO of RMV IT, Parmeshwar Sharma.