About
V R Films & Studios Ltd
V R Films & Studios Limited was incorporated as a private limited company with the name 'V R Films & Studios Private Limited' on 31st December, 2007. The Company has taken over the running business of M/s Visual Reality, a proprietorship concern of one of its Promoter vide Business Takeover Agreement dated December 31, 2007. The name of the Company was subsequently changed to 'V R Films & Studios Limited' pursuant to special resolution passed by the Shareholders at its Extra Ordinary General Meeting held on February 22, 2019 and a fresh certificate of incorporation consequent upon conversion from Private Company to Public Company was issued by the Registrar of Companies, Mumbai dated March 11, 2019.
The Company is engaged in the business of providing complete localization services for television, film and digital industry, which consists of dubbing, mixing, subtitling, content editing and content localization services for movies, documentaries, audio books, games and TV programmes in regional and international languages. The Company also acquires foreign language films mainly from Hollywood and Chinese film industry and dub them in Indian Local language (Hindi, Tamil, Telugu etc.) and then distribute them theatrically or sub license to sub distributors across all licensed territories in all licensed languages including English.
Dubbing is a post-production process used in filmmaking, video production and animation in which additional or supplementary recordings are mixed with original production sound to create the finished soundtrack for Original and localized content. The Company believes in timely delivering of the quality dubbing services which is considered as an influential aspect in post film-making process.
The Company operates its activities from the registered office and studios located in Mumbai. The Company has 3 dubbing studios obtained on rent in Mumbai. The Clients list includes some of the renowned names in Films and Television Industry such as Viacom 18 Media Private Limited, Sony Pictures Networks India Private Limited, Zee Entertainment Enterprises Limited, Discovery Communications India, Paramount Pictures Corporation, Paramount Pictures International Limited etc.
Mr. Manish Satprakash Dutt, Managing Director and one of the Promoters of the Company has an overall experience of over 25 years in media and entertainment ector.
V R Films & Studios Ltd
Chairman Speech
I am delighted to communicate with you. Hope you are fully vaccinated; family and
friends are in the best of health and have been safe in the devastating 2nd wave onslaught
of the dreaded pandemic. The 2nd year after listing has been very satisfying. Once again
Your Company has successfully achieved in its belief in maintaining a long term
relationship and in building a strong client base for the business. In spite of the
pandemic, 2nd wave, Your Company has performed well and has lived up to its belief. In
restricted covid times this belief has helped it achieve approx. 11 % growth compared to
the previous year. Thus, the focus is on maintaining strong relationship with existing and
new clients who will help the company in gaining competitive advantage in acquiring more
clients and increasing the business volume.
Milestones which were achieved by your company in the financial year 2019 -2020
continue very strongly and have maintained financial stability and growth for Your
Company.
On 2nd January 2020 Your Company had started an association with Prime Video Direct, an
Amazon Prime company to distribute its content on the Amazon platform. In 2021 we continue
our association.
On 10th January 2020 your company was approved by Netflix as a Post Production Partner
for Localization. Only 30 -35 studios across the World have achieved this milestone. MX
Player, Epic have also tied up with VR Films and Studios for Localization expertise in
January 2020 itself. Our associations continue with them firmly and strongly.
These associations have helped us sail through the pandemic with continuous flow of
work though in limited capacity. In the past 1 year many studios and competitors had to
close shop which was very unfortunate.
Having smelt the coffee much earlier Your Company has proved, it is at the Right Place
at the Right Time with its Content Acquisition and Localization activities.
The outbreak of corona virus has had a severe negative impact on most of the economies
of the World. Many MSME's & SME's are hugely impacted by this disaster pandemic.
However Your Company continues to stay ahead of the curve and ride its upward
trajectory in COVID-19 crisis. Prudent accounting policy practise of Your Company and
being tight fisted with sheer hard work and dedication of all employees Your Company would
have posted a much higher profit had the 2nd wave not set in February 2021.
In tune with the Company's shareholder friendly policy Your Company had proposed an
Interim Dividend of 10% for the shareholders and has now proposed a Final Dividend of 10 %
as well to all shareholders.
The positive outlook can be gauged by the fact that maximum of the shareholders have
remained committed to the company and have refrained from exiting their faith in the
Company and the
Management itself. Your Company and the Management highly appreciates our investors
strong belief in us and is thankful for recognizing our hard work and belief.
Your Company will continue to reap in the benefits of its association and tie ups in
this coming year.
Future Prospects….. Outlook in 2021 2022
New clients (big players in the market) have approached Your Company to associate and
provide localization services. Negotiations are on and would soon fructify into a
long-term association adding up a multi fold revenue stream. With the huge demand for
localization Your Company is on an expansion mode.
In July 2021 we have started built up for additional 10 multi-purpose studios which
include 2 Dolby Atmos Theatres (with additional 2.0 dub ability), 2 Dolby 5.1 Mixing
studios (with additional 2.0 dub ability), 2 stereo dubbing studios all under one roof in
Mumbai. This would increase our out-put capacity multi fold from existing 400 hrs a month
to approximately 800 1000 hrs.
Another huge achievement would be the development of our own OTT platform. With this
development Your Company would be entering into Consumer service market. Hopefully this
should go LIVE by October 2021 / November 2021.
Our Content Acquisition vertical is on expansion spree as well. With our upcoming OTT
platform, we would be acquiring more content. We have recently acquired 14 New
International Feature Films for FY 2021 2022 and are negotiating acquisitions of various
web series and Tv series for our OTT Platform. Approx 1000+ hrs of content would be
acquired in the coming year.
Meticulously planned expansion has been worked on and the coming years will see Your
Company as one of the big players in OTT and Entertainment space catering to Consumer
audience directly.
The coming years will envisage a huge multi fold growth in turnover as well as profit
with substantial Dividend year on year.
With these huge growth expansion developments Your Company envisages to migrate to the
main board very soon. We aim and desire to migrate not just to BSE main board but both NSE
and BSE main board.
We will continue in our efforts in transforming the company to a vibrant energetic
company with focus on building strong fundamentals and high growth targeted at creating
shareholder wealth.
Would like to end this speech with Best Wishes to all.
| Take Care and Be Safe. |
| Manish Dutt |
| Managing Director |
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V R Films & Studios Ltd
Company History
V R Films & Studios Limited was incorporated as a private limited company with the name 'V R Films & Studios Private Limited' on 31st December, 2007. The Company has taken over the running business of M/s Visual Reality, a proprietorship concern of one of its Promoter vide Business Takeover Agreement dated December 31, 2007. The name of the Company was subsequently changed to 'V R Films & Studios Limited' pursuant to special resolution passed by the Shareholders at its Extra Ordinary General Meeting held on February 22, 2019 and a fresh certificate of incorporation consequent upon conversion from Private Company to Public Company was issued by the Registrar of Companies, Mumbai dated March 11, 2019.
The Company is engaged in the business of providing complete localization services for television, film and digital industry, which consists of dubbing, mixing, subtitling, content editing and content localization services for movies, documentaries, audio books, games and TV programmes in regional and international languages. The Company also acquires foreign language films mainly from Hollywood and Chinese film industry and dub them in Indian Local language (Hindi, Tamil, Telugu etc.) and then distribute them theatrically or sub license to sub distributors across all licensed territories in all licensed languages including English.
Dubbing is a post-production process used in filmmaking, video production and animation in which additional or supplementary recordings are mixed with original production sound to create the finished soundtrack for Original and localized content. The Company believes in timely delivering of the quality dubbing services which is considered as an influential aspect in post film-making process.
The Company operates its activities from the registered office and studios located in Mumbai. The Company has 3 dubbing studios obtained on rent in Mumbai. The Clients list includes some of the renowned names in Films and Television Industry such as Viacom 18 Media Private Limited, Sony Pictures Networks India Private Limited, Zee Entertainment Enterprises Limited, Discovery Communications India, Paramount Pictures Corporation, Paramount Pictures International Limited etc.
Mr. Manish Satprakash Dutt, Managing Director and one of the Promoters of the Company has an overall experience of over 25 years in media and entertainment ector.