Bodhi Tree Multimedia Limited promoted by Sukesh Motwani and Mautik Tolia, which produces content for television, films and digital platforms, has reported robust performance in FY20. Being one of the few content production companies to get listed in a decade, the Company recently entered the capital market through an IPO on NSE Emerge (SME Platform of NSE).
Despite the pandemic, the company witnessed a turnover of Rs 27.45 crore, demonstrating a burgeoning growth. In addition, Bodhi Tree Multimedia expects a good FY20-21 with the value of the order book that will be serviced in the coming year.
Sukesh Motwani, Founder Director, Bodhi Tree Multimedia, said “The entertainment industry boom with the explosive rise in digital OTT content along with an increasing growth television content gives us an unique position to create rooted Indian content for the Indian as well as global market. It’s the best time to be a content creator.”
Mautik Tolia, Managing Director, Bodhi Tree Multimedia, said, “The entertainment industry has the distinction of not only qualifying as a recession proof sector, but also as a sector with enormous growth potential. As an established player in creating content for television and films and digital platforms, Bodhi Tree Multimedia continues to demonstrate its resilience in a challenging market. Operating in the entertainment industry with a potential to grow exponentially in the years ahead, the company is all geared to capitalise on this exponential growth potential. Amid the Covid-19 restrictions around the world and the uncertainty in the global economic outlook, we will continue to focus on growing our business profitably and prudently. The outlook for FY21 looks promising with orders in hand.”
The IPO’s net proceeds will be utilised for meeting the company’s working capital requirements, general corporate purposes and meeting expenses related to IPO. The company has issued 3.90 lakh equity shares at a price of Rs 95 per equity share. The IPO opened for public subscription on October 9 and closed on October 13.
As an established player at the forefront of creating differentiated and edgy content on television and digital platforms, Bodhi Tree Multimedia is leveraging its brand in the market for entertainment content. The company has several shows at various stages of development, under production and on air with marquee clients.
Based in Mumbai, Bodhi Tree Multimedia Ltd. was incorporated in 2013. Production of digital media content for various entities is the Company’s primary business line. The Company is engaged in producing content for television and digital OTT platforms.