Thursday, July 17, 2014

Atlas Consolidated enters cable TV market in India

Atlas Consolidated LLC, a joint venture between Greenwich Equity Partners and Jagran Infra-Projects Pvt. Ltd led by Mr. Sanjiv Mohan Gupta have signed an agreement with Mr. Nagesh Chhabria, promoter of Bhima Riddhi Digital Services to create a new Nationwide MSO entity. The New Entity plans to have a Pan India Network with target base of 6million subscribers in the next 18 months.

Mr. Sanjiv Mohan Gupta, Managing Director, Atlas Consolidated LLC said “We plan to be one of the significant players in the TV Cable Industry similar to what we did in the other media Business”

Mr. Suhas Kundapoor Managing Director of Greenwich Equity Group said "We are excited to be in this space at this time and find that there is tremendous potential in this industry".

Mr. Nagesh Chhabria, promoter of the Bhima Riddhi Group and the erstwhile CEO IndusInd Media & Communications has a current base of a million subscribers spread across in Maharashtra, Karnataka and Goa which will be brought into the new entity initially. His new professional team is geared for an aggressive role out pan India.