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May 03, 2015 9:55 AM ET

Industrial Conglomerates

Company Overview of Essel Group

Company Overview

Essel Group, a conglomerate company, engages in the businesses of media, technology, entertainment, packaging, infrastructure, education, and precious metals. Its activities include producing and aggregating Hindi programming; operating news and regional entertainment channels; owning DNA, an English language newspaper; providing direct to home entertainment; providing cable services in India; creating animations in short and long formats; providing Internet data center and managed hosting services; operating screens; providing online gaming services; operating a chain of commercial and housing complexes, construction business, and multiplex cinema-cum-family activity centers; owning and ope...

Continental Building

135, Dr. Annie Besant Road


Mumbai,  400 018


Founded in 1976


91 22 6697 1234


91 22 2490 0302

Key Executives for Essel Group

Vice Chairman and Managing Director
Age: 59
Founder and Non-Executive Chairman
Age: 63
Chief Executive Officer of Taj Television India Pvt Ltd
Age: 54
Compensation as of Fiscal Year 2014.

Essel Group Key Developments

Essel Group Seeks Funding

Essel Group is in talks with private equity firms and financial institutions to raise funds to develop smart cities across India. Essel Group is looking for equity and structured finance for its two infrastructure holding companies that will execute the projects, a top executive of Essel Group said. The money will be raised by Essel Infraprojects Ltd. and Essel Utilities Distribution Company Ltd.

Essel Group Buys INR 3,040 Million Bungalow in Lutyens' Delhi

Essel group has bought a bungalow in Lutyens' Delhi for INR 3,040 million. The bungalow, which was owned by a subsidiary of real estate firm Anant Raj group, Greatway Estates, stands on a 2.8 acre plot on Bhagwan Das Road, a stone's throw away from the Supreme Court of India and India Gate in central Delhi in the Lutyens Bungalow Zone (LBZ).

Govt Kicks Off Airport Privatisation

GMR Infrastructure Limited (BSE:532754) and GVK Power and Infrastructure Limited, Adani Ports and Special Economic Zone Limited (BSE:532921), Flemingo Duty Free Shop Pvt. Ltd., Siemens Postal Parcel & Airport Logistics Pvt. Ltd., Egis India Consulting Engineers Pvt. Ltd., Bhadra International India Pvt. Ltd. and Flughafen Zuerich AG (SWX:FHZN) may acquire a stake in four airports. The Government has decided to privatise four Airports Authority of India owned airports in Chennai, Kolkata, Jaipur and Ahmedabad. GMR and Essel Group have shown interest to participate in bids for all the four government-run airports, industry sources have said. Airport Authority of India has initiated the pre-bid process to short list bidders for the development of airports at Ahmedabad, Chennai, Jaipur and Kolkatta and companies will have to submit details for evaluation by March 24. Adani Group and Essel group did not respond to email query seeking comments. A senior AAI executive said the bid conditions have been finalized by the ministry. "Ideally the bidding consortium should have experience as an airport operator, but the current RFQ allows local infrastructure firms to find an airport partner after winning the bid. This is not good and we have to protect our interests at the bid stage."

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