Dazzling Show by Compact Disc India - by mittar_b
Compact Disc India Limited (CDIL) one of the largest animations outsourcing organization in South Asia was established on 7th may 1992 as a public limited company with the objective of setting up a 100% EOU plant for manufacturing compact discs. Mr. Suresh Kumar is the current Chairman of the company. The company has its market presence in 28 countries with an annual turnover of $200 millions.Currently the company is into producing, distributing and financing films and television serials including animation. The Products of the company covers all the segments of entertainment i.e. Large screens(Theatres), small screen(Home videos and Television) and personal screen(Personal computers).
The company’s assembly unit was established at Mumbai in collaboration with Hyundai Corporation, Korea with the aim of manufacturing CD video players. The company has set up a new modern multimedia studio at Gurgaon which provides solutions to the Film Industry, education presentation and training. In the year 2001 a website was launched by the company with the name of "www.loandefaulters.com" that provides information on the Indian Corporate World. The company has made its recognisition in creation, distribution and management of contents for media and entertainment sector not only in India but in Malaysia and Singapore also.The company is nowadays working on 2D and 3D animation projects, the contract for which are assigned to studios in Malaysia, Chennai and Bangalore.
The company has entered into animation outsourcing collaboration with iMedia Ventures ltd, the world’s largest media house and digital entertainment. The company has also entered into a joint venture with “White Light Entertainment” the maker of ‘Jurassic Park’ and ‘Schindler’ for producing a movie titled ‘Playing with the Enemy’. Recently the company has been awarded two animation film projects “Parallel Universe and Untitled Hindi film” by London based company CDL International Ltd. The total contract value of the project is estimated at $2.10 millions. The company along with its business associates "Interactive Creative Media Pvt Ltd", Singapore is also working on an International animation film project,"Hustle Bustle", the cost of which is estimated at $12.45 millions.
The company is also planning to establish a State of the Art Multimedia Knowledge Park, the space for which has been allocated in Chandigarh Technology Park.The park will deal in the fields of development and creation of 2D/3D animation, multimedia and special effects contents for films, teleserials, corporate presentations,gaming and mobiles.The park will include latest animation production equipments.The company is also setting up an Integrated Automation studio in the Special Economy Zone at KINFRA film and video park in Kerala, India
The company has shown a good hike in its results for the Quarter Ended, June 2008. Net profit of the company witnessed a tremendous hike of 109.7% to Rs 8.35 crores as against Rs.3.98 crores in the same time period last year. Net Sales of the company for the Quarter Ended,June 2008 rose by 114.6 % to Rs 43.36 versus Rs 20.20 crores in the same Quarter last year. Total Income of the company surged by 114.5 % to Rs. 43.36 crores as against Rs. 20.21 crores in the corresponding time period lat year while Total Expenses of the company for the same Quarter increased to Rs. 35 crores as compared to Rs. 16.23 crores in the Quarter Ended, June 2007.
