» Business » Rajshri group plans IPO

Rajshri group plans IPO

December 15, 2003 11:53 IST

Rajshri group, the Barjatya family-controlled film production and distribution business house, is planning to go public.

The company, one of the largest and trusted brand names for wholesome family entertainment, is also charting out its foray into television software business.

The group houses closely held companies such as Rajshri Productions, Rajshri Pictures and Rajshri International. It would be appointing consultants to design its listing plans on the domestic stock exchanges.

Kamal Kumar Barjatya, director on board of the Rajshri group of companies, said, "We are planning to go for a domestic listing in the next two years. However, a final plan is yet to emerge and a final call on the issue is yet to be taken."

While he was tight-lipped on the financial details of the company, the group turnover, according to industry sources, is estimated to be around Rs 250 crore (Rs 2.50 billion).

"We enjoy a special place in the heart of every Indian by the virtue of our excellence in making family drama. We now intend to make television serials. Our foray into television software business would be a logical extension of our existing line of business," said Suraj Barjatya, director, Rajshri Productions.

Rajshri Productions has produced around 49 Hindi feature films till date. Maine Pyar Kiya, Hum Aapke Hain Koun and Hum Saath-Saath Hain -- all directed by Sooraj Barjatya are among the biggest box-office hits which had set the group's cash registers ringing.

It had recently entered into a film distribution alliance with Zee Telefilms.

Currently, Rajshri Pictures is the country's largest and comprehensive film distribution company with a network of 21 offices and around 13,500 screens spread across the country.

Rumi Dutta in Mumbai