CRESTO TECHNO LIMITED Summary
Cresto Techno Limited was initially established as a Private Company named Silly Monks Entertainment Private Limited on September 20, 2013 under the Companies Act, 1956. The status was changed into a Public Limited Company and the name of the Company was changed to Silly Monks Entertainment Limited on May 24, 2017. The name of the Company has been changed to Cresto Techno Limited on June 29, 2026.
The Company is a South India based entertainment & media startup with a focus of being a recognized & fast growing player in areas such as digital media publishing, movie/content production, celebrities social media management, App development, Audio content Distribution, Google Ad word and online / digital Advertising, event management, and live band performances. The main focus of the company is Digital Media Publishing. The Company publishes its content on various platforms such as YouTube, Facebook, Amazon, Vuclip etc.
The contents that are being published over these platforms are either created by the company i.e. by its in-house production or acquired through outright purchase or through syndicated method. In case of content which is bought by the company, it owns the copy rights of the content through an agreement with assignor and hence the publishing revenue is fully accrued to the company.
When the content is through syndication, the company shares the revenue with the content partner. Silly Monks has been growing its focus in movie production; wherein it has co-produced Telugu Movies named Maa Vintha Gadhaa, George Reddy, 24 Kisses, Happy Ending, Vinuma,Oohalu Gusagusalade Dikkulu Choodaku Ramayya, & Tungabhadra with Vaaraahi Chalana Chitram. Apart from the Promoters, Mr.
Tekulapalli Sanjay Reddy & Mr. Anil Kumar Pallala, Companys startup has been funded by well renowned personalities such as Mr. Ranganathasai Korrapati who is a film producer and distributor known for his works predominantly in Telugu cinema & Mr.
Sreenivasa Reddy Musani who is chairman and Managing Director of Hyderabad-based Ektha Group which operates in Information Technology, Engineering, Business Process, Data Processing, Multimedia & Real Estate. In studio division, the Company identify stories, develop, pitch and onboard project independent investors, produce, market and distribute the project on various mediums. With the expertise, they are bridging between film directors/ writers, investors & the platforms and making it a viable and profitable business.
It bring content production and distribution expertise.In January 2018, the Company came up with Initial Public Offering of 12,60,000 Equity Shares and raised equity funds aggregating Rs 15.12 Crores, comprising a Fresh Issue of 9,70,000 Equity Shares amounting to Rs 11.64 Crores and the Offer for Sale of 2,90,000 Equity Shares amounting Rs 3.48 Crore.