Tips Industries Ltd - TIPS INDUSTRIES Share Price

Summary

Tips Industries Ltd, one of Indias largest Entertainment company having presence (along with its subsidiaries) in Music, Film Production, Film Distribution and Artist Management.TIL which has started as a trading firm in pre 1980s has grown to become a leading entertainment company in India in 3 decades. Taurani family initially commenced a trading business in the name of Jaihind Electronics in Bombay in 1980s. As a part of business, the Tauranis also dealt in gramophone records and pre-recorded audio cassettes of HMV, MIL, CBS and Oriental. In early 80s a partnership concern, M/s RK electronics with Ramesh S Taurani and Renu K Taurani as partners was formed. The firm did the conceptualising and planning of the album and its release, and used external manufacturing facilities to manufacture and record songs. In 1988, a new partnership firm, Tips Cassettes and Records Co was registered with Sadhuram Taurani and Kumar Taurani as partners. Thereafter, their first major music release in Bollywood, Patthar ke Phool hit the market. In 1990, Tips set up its first manufacturing facility at Palghar, Maharashtra.In 19992, M/s RK Electronics was dissolved and merged with the partnership firm M/s Tips Cassettes and Records Co and the reconstituted partners were Ramesh Taurani, Kumar Taurani, Renu Taurani and Varsha Taurani. In 1996, M/s Tips Cassettes & Records Co was reconstituted with the joining of Shyam Lakhani, Kavita Lakhani and Rajeev Sogani as partners and renamed as M/s Tips... Read More