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Home > Business India > Company Profiles: Crest Animation Studios Ltd.

Crest Animation Studios Ltd.
Registered Office : 501 Raheja Plaza-1 L B S Marg Ghatkopar (West) Mumbai Maharashtra - 400086 Tel: 25197600
Business Group: Not Applicable Industry Type: Entertainment/Multi Media
Key Officials:
Mr. Shyam Benegal
Mrs. Seemha Ramanna
Mr. T N V Ayyar
Mr. Divya Shah
Mr. Shyam Ramanna
Mr. Anil Chawla
Mr. Noah Fogelson
Mr. Gurcharan Das
Director
Managing Director
Director
Director
Chairman / Chair Person
Nominee Director
Director
Director
Public Issue Date: 23/01/1995 BSE CODE: 526785 NSE CODE: CRESTANIEQ
Face Value: 10 Market Lot: 1 ISIN: INE774A01012
Current PE: 0 Current Market Capital: 48.8969
Promoters %: 15.9171
Promoters Shares: 3594895
Institution Investment %: 10.3961
Institution Investment Shares: 2347968
Auditor:
Chaturvedi & Shah
S R Batliboi & Associates
Banker:
Registrar:
Sharepro Services Ltd. Satam Estate 3rd FloorCardinal Gracious RoadAbove Bank Of BarodaChakala Andheri (E)Mumbai 400099 Maharashtra 28215168 28329828 28215991 28347719 28348218
Company History: 1990

- The Company was incorporated on 3rd May with the Registrar ofCompanies Maharashtra at Mumbai as CREST COMMUNICATION PRIVATELIMITED. Subsequently by a Special Resolution dated 27th June 1994the Company was converted into a Public Limited Company and theRegistrar of Companies has issued a fresh certificate of incorporationdated 8th July 1994 deleting the word "PRIVATE" from the nameconsequent upon such conversion.

- The Company is promoted by Shri. Shyam Ramanna who has been apioneer in computer generated films in India.

- The Company presently has editing facilities like Betacam EditSuites Low Band and High Band Suites and a Shooting Studio which haveevoked a favourable response from its clients.

- The Company's plans include inter alia setting up a sophisticatedDigital Studio with state-of-the-art equipment for production ofadvertisement films Television films and serials animation films etc.

- The Company proposes to embark upon a major expansion in order to setup a very sophisticated studio with State-of-the-art equipments forproduction of advertisement films television films and serials andanimation films.

1992

- The Company has issued and allotted on 20th May 8 750 No. of EquityShares of Rs 100/- each (subsequently sub-divided into Equity shares ofRs 10/- each) to Shri Shyam Ramanna in consideration of the Companyacquiring 50% of his share in 8B Neelam Centre Hind Cycle Road Worli Mumbai 400 025 and vehicles from him.

1994

- The Company has developed in-house substantial technical expertise inits line of activity.

- The Company proposes to have sophisticated video post-productionfacilities based on the latest Digital technology which would comparewell with those available abroad.

1995

- The company embarked on a project for the expansion of the existingHi-tech video production and post-production facility with import ofstate-of-the art equipments based on the world's most advanced DigitalTechnology.

- The Company's equipment being state-of-the-art have in-built energyefficient features and as such involve low energy consumption.

- In January CCL entered the market with a public issue at a premiumof Rs.20 (additionally it also offered shares at a premium of Rs.30 tothe Tata group) to finance its expansion plans.

1996

- The Company's chat show Purush Kshetra continued to enthralltelevision audiences throughout and has been able to bag almost all theprestigious awards in the Chat Show category.

- As a recognition of the Company's excellent technical and creativeabilities the following awards have been conferred on the Company byThe Indian Academy of Advertising Film Art (IAAFA): (a) Award forTechnical Innovation/Breakthrough (b) Award for Creative ComputerGraphics (c) Award for Best Commercials under 15 Seconds.

1997

- Crest Communication has been chosen by Hollywood for 3-D animationwork for a feature film.

1998

- CREST Communication one of the bigger post-production and studiooutfits in India has tied up with a top US studio group.

- The company recently even bagged a Clio Award in New York for theinnovative work on its BPL battery ad film. Currently it isdeveloping 20 minutes of FX for a south-based film called `Devi'.

1999

- Crest Communications produces software for television advertisementsand television channels.

- Software solutions provider Crest Communications has become the firstIndian company to enter the advanced virtual reality services marketabroad.

- The company has entered into an agreement with Vartech NV Belgium to provide technical services and related software in virtual andaugmented reality technology.

- Crest Communications Ltd. a pioneer in providing special effects fortelevision advertisements and films has come a long way.

- The company has recently entered into an exclusive arrangement forproviding services in the field of "Virtual and Augmented RealityTechnology" to an European customer who will be responsible formarketing the services in the European region. Crest will be the firstIndian company to provide such services to the developed markets.

- Mumbai-based Crest Communications is entering feature film productionin a major way.

- CCL is a media entertainment company which is engaged in makingadvertisement films of many leading corporate in India. It has theonly fully-integrated post-production facilities in India. Apart frommaking corporate films CCL provides post-production facilities toadvertisement agencies and television channels produced 3-D & 2-Danimation films special effects/computer graphics for feature films and in-flight entertainment.

- Crest Communications will venture into content and technologyproviding for the broadband network in India.

- Crest placed 12 00 000 shares privately at Rs 120 per share with agroup of investors which include Birla Mutual Fund Kothari PioneerMutual Fund Magnus Capital of Singapore and others.

- The company is set to co-produce an 80-minute three-dimensionalanimation feature film with Holly-wood's Rich Animation.

2000

- Crest communications possesses clients like Walt Disney Fantome andWarner Bros. It has been working for various TV channels like Channel[v] MTV and Star Plus.

- Crest Communications a post-production company is planning to enterthe business of software production. The company is floating a newjoint venture with a Bangalore-based software production company Vision Technologies.

- The company has a monopoly in telecine (The process of transferring36 mm film to 70 mm) is post production in Western India.

- Crest Communications a post-production company is planning to enterthe business of software production. The company is floating a newjoint venture with a Bangalore-based software production company Vision Technologies.

- Global Telesystems Ltd has signed a memorandum of understanding withMumbai-based Crest Communications for a 50:50 joint venture which willoffer media network services covering entertainment information andeducation.

- The company has set up an inhouse core team for equity tie-up withpartners having synergical business.

- The Company has proposed to make a preferential issue of equityshares not exceeding 559000 to NRIs OCBs FIIs Indian Mutual Fundsand Strategic Partners.

- Crest Communication is developing various Indian characters in gamingapplications for international digital markets.

2002

- The Board of Directors of Crest Communications Ltd at its meetingheld on January 4 2002 has agreed for rights issue of such number ofequity shares of Rs 10 each for cash at a premium aggregating to issuesize not exceeding Rs 200 million. Enam Financial Consultants Pvt Ltdhave been appointed as Lead Managers to the issue.

2003-The companys equity shares will be de-listed from Ahmedabad & Chennai Stock Exchanges.

-Appointment of Deutsche Bank Trust Company Americas as Depository Bank in respect of its proposed issue of Global Depository Receipt up to US$ 10 million.

-Company's equity shares have been de-listed from Madras Stock Exchange Limited Chennai.

-Crest Communication Ltd has informed the Exchange that the company's equity shares have been delisted from The Stock Exchange Ahmedabad w.e.f. December 08 2003.

-BoD of the Company at its meeting held on March 5 2004 appointed Mr. AK Madhavan as Chief Executive Officer (CEO) for India Operations w.e.f. April 1 2004.

(Source: RTGSL)


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