Greycells Education Limited
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BSE Code:
508918
NSE Code:
GREYCELLS
Business Profile
Business Profile
Greycells Entertainment (GREYCELLS), incorporated in 1983, is focused in the business areas of film and television production. Earlier known as Concept Productions, it got its present name with effect from Dec. 13, 2005.
The company offers a range of services in television programming, line production services, documentaries, events, sports, and focus being on production. A comprehensive line production company, its portfolio covers international films and documentary projects as well as national level ones. Cost-effective post production services provided include editing, graphics, special effects, dubbing, sub-titling, duplication, re-formatting and archiving.
Focus has been on building core competency in providing production services targeted at international markets looking at India as a film and entertainment services hub. Having developed line production services, it is foraying into related service offerings like accounting and providing Indian original content for international film makers. Grey Cells Communications and Productions is a wholly owned subsidiary company.
The registered office is located at No. 2, Vijay Park, Janki Kutir, Juhu, Mumbai-400049.
Financials
On a standalone basis, Greycells Entertainment registered a profit of Rs 1.43 million for the year ended March 2008.
It recorded a net sales of Rs 9.77 million for the year ended March 2008.
Total income was Rs 14.05 million for the year ended March 2008.
On a consolidated basis, the company registered a profit of Rs 1.23 million for the year ended March 2008.
It recorded a net sales of Rs 9.77 million for the year ended March 2008.
Total income was Rs 14.05 million for the year ended March 2008.
Recent Developments
21-JUL-08
Greycells Entertainment, that operates EMDI vocational institutes in India and middle-east, announced its acquisition of 26% stake in another Media and Entertainment vocational education company, Access Atlantech Edutainment (I) (AAT). Both the institutes, at present, have combined student strength of 1,800. They have aggressive plans to increase to 10,000 levels in next couple of years.
AAT, headquartered at Chennai, runs high-end, technology-based courses in the media and entertainment domain. It has partnered with world leaders such as SAE, Digidesign, Qantm and other world leaders offering education in sound engineering, games and games design, digital filmmaking and media management programs. The courses are affiliated to the Dibrugarh University, Assam. AAT has multiple campuses across the country and offers diploma and degree programs.
The organizations will look at international presence as in locations, collaboration with leading universities and resource/research opportunities globally. This shall mean a multifaceted and multi cultural education imparting, entities with focus on world class education and standards.
10-JUN-08
Pursuant to the resolution passed by shareholders at the EGM held on Mar. 25, 2008 for acquisition of 100% shareholding in EMDI (Overseas) FZ-LLC by way of combination of equity share and cash consideration and approval from Government of India, Ministry of Finance, Department of Economic Affairs, FIPB Unit vide their letter dated May 28, 2008, the company`s board has at its meeting held on Jun. 09, 2008 allotted 540,000 equity shares on preferential allotment basis.