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Saregama India Ltd.

BSE: 532163 Sector: Media
NSE: SAREGAMA ISIN Code: INE979A01017
BSE 00:00 | 26 Nov 4310.85 -187.55
(-4.17%)
OPEN

4492.00

HIGH

4587.95

LOW

4273.50

NSE 00:00 | 26 Nov 4366.00 -127.10
(-2.83%)
OPEN

4494.00

HIGH

4499.95

LOW

4268.50

OPEN 4492.00
PREVIOUS CLOSE 4498.40
VOLUME 1890
52-Week high 4839.70
52-Week low 687.30
P/E 67.16
Mkt Cap.(Rs cr) 8,311
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 4492.00
CLOSE 4498.40
VOLUME 1890
52-Week high 4839.70
52-Week low 687.30
P/E 67.16
Mkt Cap.(Rs cr) 8,311
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Saregama India Ltd. (SAREGAMA) - Company History

Saregama India Ltd (SIL) (earlier known as The Gramophone Company of India) was incorporated in 1946 and was taken over by the RPG group in 1985 from EMI UK. The company is currently managed by R P Goenka chairman. SIL is into retail selling of audio cassettes and CDs. The company is having threesubsidiaries RPG Global Music Ltd Saregama Films and Saregama Plc.The SIL is the most reputed audio entertainment company in Indian subcontinent. It owns nearly 200000 tracks created over the last number of decades. It is estimated to own about 50% of the music ever recorded in India. It has been intimately associated with the development of Indian music from the time the first recording was made on Indian soil in 1903; the company also recorded the first song in an Indian film - Alam Ara in 1931.The company's achievement covers twelve languages spread across eight musical categories- new Hindi films old Hindi films regional films ghazals devotional classical Indianpop & International.The company's products are sold under the brand name of HMV and Saregama. The international market managed by Saregama Plc- UK which is responsible for sales in USA Canada UK & Europe & RPG Global Music -Mauritius responsible for the rest of the international teritories.To de-layer the company's structure two of its subsidiaries Gramco Music Publishing & RPG Music International were merged with it. The company restructred its operation by forming business groups centres of excellence & support groups. In August 2000 it launched a portal HamaraCD.com to mark the beginning of the use of digital downloading. Saregama has also picked up a 42.85 per cent stake in the RPG controlled music retail chain MusicWorld. The company has acquired four reputed South Indian music lables - Sangeetha Sargam Pyramid and Sea Records. With the acquisition of these lables it has complete dominance in the southern regional segment. Also it has entered into contract to provide content to a radio station.In Jan. 2001 the company has decided to merge its UK-based subsidiary Saregama Plc and the Mauritius-based RPG Global Music(RGML). The company has a 100% stake in RPG Global and 72% in Saregama Plc. The merger will bring the Gulf African and Far Eastern markets within the arena of Saregama Plc's operations. The company ventured into production of Television Software as it is a growing segment in Entertainment Industry. By taking this venture it has got slots in Sun TV for producing Tamil Serials and it also plans to start serials in Doordarshan very soon. The installed capacity of Pre-recorded Cassettes was increased to 70000000 Pcs during 2002-03.In June 2003 the company has transferred its Television Software Division to its wholly owned subsidiary Saregama Films Ltd.The company has expanded the installed capacity of Converted Compact Discs during the year 2004 by 88000(Nos) and with this expansionthe total capacity has risen to 118000(Nos).

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