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India TV Interactive acquires majority stake in Studio Brahma
 
Indiantelevision.com Team

(23 February 2009 5:00 pm)

 

MUMBAI: In a bid to foray into the new media platforms and value-added services (Vas), Rajat Sharma's India TV Interactive (ITVI) has acquired a controlling stake in Studio Brahma.

The studio, a design development and production company, has clients across graphic design, web design, multimedia and 3D animation.

 

ITVI's acquisition comes within just three months of its creation and adds Studio Brahma's entire resources ranging from architecture to animation into the group. Studio Brahma brings to ITVI over 45 client relationships like Vatika, Uppal, Ambuja, Emar MGF, Baani, Jindal Steel, The Kitchen Art Company and Aarohi, besides ongoing development projects for Ministry of Tourism, ITDC and the Chattisgarh Tourism Board.

"I welcome Studio Brahma into ITVI and the group. The three directors, Lalit Bhandari, Vivek Gupta, and Aman Gupta, have a rich and diverse repertoire and I have no doubt that they will make full use of the unique synergies available in our group businesses," Sharma said in a release.

"Studio Brahma is a repository of extraordinary talent. I am delighted that they now have the entire marketing and infrastructure prowess of our group at their disposal," Independent News Service and ITVI MD Ritu Dhawan added.

 
Sharma is also eyeing other growth opportunities amid the tough economic downturn. “The downturn in the economy has thrown up some solid inorganic growth opportunities for those of us who are doing well," he said.
 
 
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