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Essel Group is an Indian conglomerate company presently headed by Dr. Subhash Chandra,[2] based in Mumbai, Maharashtra,[3] and established in 1926.

Essel Group
Private
IndustryConglomerate
Founded1926; 93 years ago (1926)
FounderJagannath Goenka
HeadquartersMumbai, India
Area served
Worldwide
Key people
Subhash Chandra (Chairman)
ProductsMedia, entertainment, packaging, infrastructure, education, precious metals and technology
RevenueUS$2.4 billion (2017)[1]
Number of employees
10,000 (2011)
DivisionsSee below
Websitewww.esselgroup.com

Contents

Business divisionsEdit

The companies under the group are:[4]

Channels operated by Zee Entertainment Enterprises Limited (ZEEL)Edit

Channels operated by Zee Media Corporation Limited (ZMCL)Edit

MediaEdit

InternationalEdit

TechnologyEdit

[5][6]

EntertainmentEdit

PackagingEdit

InfrastructureEdit

Precious metalEdit

  • Shirpur Gold Refinery Limited (SGRL) – precious metal (gold and silver) refinery, fabrication of gold bars, coins and jewellery

EducationEdit

CharityEdit

Recent developments (2019–present)Edit

Debt and recoveryEdit

During February 2019 reports appeared in the media that Essel Group is in talks to sell[13] their shares from the Zee Entertainment Enterprises to pay off the debt.
Sony Corporation, Comcast-Atairos, a firm lead by American cable gaint Comcast are shortlisted for the bid. However they are competing with technology giant Apple Inc. and Reliance Industries

Top Sony officials including Mike Hopkins, chairman of Sony Pictures Television,[14] and Tony Vinciquerra, chairman of Sony Pictures Entertainment, had visited Subhash Chandra and his family at his residence shortly after Chandra announced his intent to sell half of the promoter holding in Zee Entertainment Enterprises to a global strategic investor.

On April 2 reports saying that[15] some other promoters[16] sell their share worth 332 cr.

On April 3 media reports Sony and Zee Entertainment Enterprises deal off[17] for now amid valuation differences.which is open the door for Comcast-Atairos

On August 1 reports Invesco Oppenheimer Fund to buy 11% stake in Zee Entertainment[18]

See alsoEdit

ReferencesEdit

  1. ^ http://zeelearn.com/about-essel-group/
  2. ^ "Subhash Chandra buys stake in UNI". dnaindia.com. 8 September 2006. Retrieved 16 July 2010.
  3. ^ "Essel Group". Essel Group. Retrieved 16 July 2010.
  4. ^ "Subhash Chandra on Zee, DNA & Essel". Rediff.com. Retrieved 16 July 2010.
  5. ^ "Essel Group". Essel Group. Retrieved 30 August 2010.
  6. ^ "Essel Group suspends satellite platform for cable". Financialexpress.com. 15 March 2010. Retrieved 16 July 2010.
  7. ^ Hermann Simon mentioned this company in his correspondent book as an example of a "Hidden Champion". (Simon, Hermann: Hidden Champions of the 21st Century : Success Strategies of unknown World Market Leaders. London: Springer, 2009. ISBN 978-0-387-98147-5.)
  8. ^ ": : : About Essel Group : : :". Ecityfilms.com. 28 February 2006. Retrieved 16 July 2010.
  9. ^ Zee Institute of Creative Art
  10. ^ "Essel Group bets big on education". The Hindu Business Line. Retrieved 16 July 2010.
  11. ^ ZeeQ
  12. ^ http://www.himgirizeeuniversity.edu.in
  13. ^ https://economictimes.indiatimes.com/industry/media/entertainment/media/comcast-atairos-sony-shortlisted-for-stake-sale-talks-by-zee-entertainment/articleshow/68056312.cms
  14. ^ https://economictimes.indiatimes.com/industry/media/entertainment/media/comcast-atairos-sony-shortlisted-for-stake-sale-talks-by-zee-entertainment/articleshow/68056312.cms
  15. ^ https://economictimes.indiatimes.com/markets/stocks/news/zee-entertainment-shares-wobble-after-share-sale-by-promoters/articleshow/68681842.cms
  16. ^ https://www.moneycontrol.com/news/business/stocks/zee-entertainment-down-3-after-promoters-sell-stake-3744761.html
  17. ^ https://economictimes.indiatimes.com/industry/media/entertainment/sony-zee-deal-off-for-now-amid-valuation-differences/articleshow/68697156.cms
  18. ^ https://www.livemint.com/companies/news/invesco-oppenheimer-fund-to-buy-11-in-zeel-for-rs-4-224-crore/amp-1564577772129.html

External linksEdit