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November 29, 2015 11:34 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: 61
Founder and Non-Executive Chairman
Age: 65
Chief Executive Officer of Taj Television India Pvt Ltd
Age: 55
Compensation as of Fiscal Year 2015.

Essel Group Key Developments

Essel Infraprojects Mulls IPO

Essel Infraprojects Ltd. a Subhash Chandra Goel-led Essel Group, may file a Draft Red Herring Prospectus (DRHP) with market regulator SEBI by the end of the fiscal to raise funds though Initial Public Offer (IPO) route, a top company executive said. "We have not yet filed the Draft RHP. We intend to file it by the end of this year," Ashok Agarwal, Chief Executive Officer of Essel Infraprojects told PTI on the sidelines of a Confederation of Indian Industry (CII) event. "Once the DRHP is filed, we have to look at market conditions and we are still discussing the quantum of funds to be raised though the IPO," he said, when asked about the size of the IPO and timeline to launch it.

Essel Group Signs Joint Venture Agreement with the Government of Rajasthan to Develop 5GW of Solar Parks in the Northwestern Indian State

Essel Group has signed a joint venture (JV) agreement with the Government of Rajasthan to develop 5GW of solar parks in the northwestern Indian state. The parties will invest INR 40 billion to develop the parks in the regions of Bikaner and Jaisalmer. They will own equal shares in the joint entity, dubbed Essel Saurya Urja Company of Rajasthan. Under the agreement, the government will provide land for the project, while Essel will be responsible financing, technical support, operation and maintenance of the facilities.

JA Solar and Essel Group Form Joint Venture to Build $150 Million Facility in India

JA Solar and Essel Group have inked an agreement to form a joint venture to set up a facility worth $150 million in India with an aim to manufacture solar cell and modules. Essel Group has engaged in a partnership with JA Solar to set up a manufacturing firm for solar cell and module in India. The proposed JV company will build a manufacturing facility with a projected capital of $150 million. It aims to garner $30-45 million of the estimated cost through equity funding.

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