Universal Media Network Limited,was incorporated in the year 1991,as in the name of Arihant Equity Fund Limited.It is been engaged in the business of Investment Banking.Later the name of the company was changed as New Wave Stocks & Depositories Limited in the year 1999. During 1999-2000, the company has diversified its field of activities to Satellite TV Channel. Hence the company's name was again changed as ATN Telefilms Limited during the year 2000. During the financial year 2000-01,the company has launched its Music Channel. The company's name was changed from ATN Telefilms Limited to its present name of "Universal Media Network Limited" during the year 2000-01.