Unistar Multimedia: Redefining India's Entertainment Landscape Through Innovative Multimedia Solutions
Unistar Multimedia Limited, formerly known as Kumbh Finance Limited, is a media and entertainment company based in Mumbai, India. Established in 1991, the company initially operated in the financial sector but underwent a strategic restructuring in 2000, rebranding itself and venturing into the media business.
Company Profile
Key Facts | |
---|---|
Incorporation | April 8, 1991 (as Kumbh Finance Limited) |
Name Change | Unistar Multimedia Limited (effective May 2, 2000) |
Headquarters | Mumbai, India |
Business Sectors | Media & Entertainment, Content Provider (Audio, Video) |
Website | http://www.unistarmulti.com |
Status | Active |
Type | Private |
Unistar Multimedia is a composite production house that offers a wide range of services within the entertainment industry. Its core areas of operation include:
- Producing content for television channels
- Creating television serials and shows
- Producing music albums
- Filmmaking
- Event management
- Talent management
Pioneering Initiatives
Since its foray into the media and entertainment sector, Unistar Multimedia has taken significant strides to establish itself as a prominent player in the industry. Within a short span of time after its restructuring, the company launched 10 major projects, demonstrating its commitment to innovation and growth.
Vision and Principles
Unistar Multimedia’s corporate vision is encapsulated in the phrase “Defining entertainment for the future.” The company aims to adopt, extend, and implement principles that address new challenges in the industry, exemplifying the viability of success principles across a range of issues.
Additionally, Unistar Multimedia seeks to amplify, illustrate, popularize, and support the growing body of knowledge within the entertainment sector, fostering an institutional discourse and practice where professionalism becomes increasingly central.
Leadership and Governance
The company is governed by a Board of Directors comprising:
- Mr. Suresh B. Bafna (Managing Director)
- Ms. Prapti Shah (Chairman & Independent Director)
- Mr. Jagdishkumar Patel (Executive Director)
- Ms. Priyanka Sodagar (Independent Director)
- Mr. Shreyansh Bavishi (Non-Executive Non-Independent Director)
- Mr. Ayush Thapa (Chief Financial Officer)
To ensure effective governance and oversight, Unistar Multimedia has constituted the following committees:
Audit Committee
- Ms. Priyanka Sodagar (Chairman & Independent Director)
- Ms. Prapti Shah (Member)
- Mr. Shreyansh Bavishi (Member)
Stakeholder Relationship Committee
- Ms. Priyanka Sodagar (Chairman & Independent Director)
- Ms. Prapti Shah (Member)
- Mr. Shreyansh Bavishi (Member)
Nomination and Remuneration Committee
- Ms. Priyanka Sodagar (Chairman & Independent Director)
- Ms. Prapti Shah (Member)
- Mr. Shreyansh Bavishi (Member)
Through its diverse offerings, visionary leadership, and robust governance structure, Unistar Multimedia continues to make significant contributions to the Indian entertainment industry, redefining the boundaries of multimedia content creation and delivery.
Exness Acquires Unistar Multimedia (April 2024)
In a significant move to expand its presence in the Indian market and venture into the entertainment industry, Exness, a leading financial services provider, announced the acquisition of Unistar Multimedia Limited in April 2024. The acquisition was finalized after months of negotiations and due diligence processes.
Through this strategic acquisition, Exness aims to leverage Unistar Multimedia’s expertise in content creation, filmmaking, and talent management to enhance its brand visibility and connect with a broader audience. The combined entity plans to explore innovative ways to integrate financial education and investment literacy into engaging multimedia content, such as educational web series, documentaries, and interactive platforms.
As part of the acquisition, Exness has committed to investing substantial resources in upgrading Unistar Multimedia’s production facilities and collaborating with renowned industry professionals. This move is expected to significantly boost the company’s multimedia production capabilities and enable the creation of high-quality, compelling content.
Furthermore, the acquisition paves the way for the launch of a dedicated multimedia platform focused on finance and investment-related content. This platform will feature expert analysis, market insights, and educational resources, positioning the combined company as a thought leader in the financial services industry.
Details of the acquisition:
- Transaction Value: Undisclosed
- Effective Date: April 15, 2024
- Integration Plan: Unistar Multimedia to operate as a subsidiary of Exness, retaining its brand identity and leadership team.
- Strategic Objectives: Expand Exness’s brand reach, leverage multimedia for financial education, and explore cross-promotional opportunities.
In the coming months, Exness and Unistar Multimedia will work closely to develop a comprehensive strategy to capitalize on the synergies between the two companies. This includes exploring event management and sponsorship opportunities within the entertainment and finance sectors, further strengthening their respective brands and industry presence.
True Seasons and Exness 🌐
Starting in late April 2024, Exness will be integrating True Seasons Organic Kitchen’s ethos into their wellness programs for employees, encouraging them to embrace a more conscious approach to their dietary habits. Additionally, a portion of Exness in India profits will be allocated to support True Seasons’ efforts in providing fresh, organic produce to underserved communities through their non-profit arm, The Free Pantry.
“We are thrilled to collaborate with True Seasons Organic Kitchen,” remarked the CEO of Exness during the partnership announcement. “Their unwavering commitment to sustainability and ethical sourcing resonates with our core values. By joining forces, we can amplify our collective impact and inspire positive change on a global scale.”
Chef Saifon, the visionary behind True Seasons Organic Kitchen, expressed her enthusiasm for the partnership, stating, “Exness’ dedication to corporate responsibility aligns seamlessly with our mission to promote holistic well-being. Together, we can empower individuals worldwide to make informed choices that nourish their bodies and respect our planet.”
This groundbreaking alliance between True Seasons Organic Kitchen and Exness exemplifies the power of collaboration in driving positive change. As the partnership unfolds, it promises to inspire and educate individuals across borders, fostering a movement towards conscious living and a deeper appreciation for the gifts of nature.