Zee Entertainment Enterprises Ltd. 135, Dr. Annie Besant Road, Worl MUMBAI 400013 P: +9122.71061234 F: +9122.23002107 [18][46] The Essel Group maintains a 55% stake in the company while the Videocon Group maintains a 45% stake. It operates the subsidiaries of Zee Media Corporation, Zee Entertainment Enterprises, Dish TV and Siti Networks. [8] By 1973, the control of the company was handed over to Subhash Chandra, the grandson of Jagannath Goenka. Zee Tamil is an Indian pay television channel that is owned by Zee Entertainment Enterprises. [47] It became the largest DTH provider in India after the merger. On 5 November, Mint first reported that Chandra may lose say in Zee Entertainment as a clutch of asset managers, non-bank lenders and foreign portfolio investors, who had extended loans to Zee’s promoter group companies against share pledges, planned to put their pledged shares in an escrow account in preparation for a sale. Essel Vision Productions (EVPL). Chandra will continue as a non-executive director, while his son will continue as MD and CEO of ZEEL, The resignation paves the way for the firm’s transition to an institutionally managed entity. [7][28], The Zee Entertainment Enterprises Limited (abbreviated as ZEEL; formerly Zee Telefilms Limited) is the media and entertainment broadcasting company of the Essel Group. Zee Unimedia, Zee Digital Convergence, India Webportal and Zee Network Distribution to another wholly owned subsidiary Company i.e. The reconstituted board consists of six independent directors and two members from the Essel Group, Subhash Chandra and Punit Goenka. Of this, 96% was pledged. [16] In 1994,[17] the Essel Group incorporated Siti Cable. It is amongst the largest producers and aggregators of Hindi programming in the world, with an extensive library housing over 80,000 hours of television content. [23] In 2016, the group pulled out of the sports broadcasting industry selling off all its assets to Sony. “However, the entire board requested him to not only continue as a board member but also to be the ‘mentor’ to the executive management and its MD & CEO." [43] The corporation also runs the Zee Institute of Media Arts (ZIMA)[40] which is owned by Zee Learn, the schooling subsidiary of the Essel Group. [58] The Shirpur Gold Refinery uses the brand name of Zee Gold in a joint venture with the Essel Group for the marketing of the refinery's products; the Essel Group gets royalties of 20% on the net profit for the brand usage. Four days after selling a stake in India’s largest listed television network, Subhash Chandra, who founded Zee Entertainment Enterprises Ltd (ZEEL) in 1992, has stepped down as chairman of the company, paving the way for the company’s transition to an institutionally managed entity. [45], Siti Networks Limited (abbreviated as SNL; formerly Wire & Wireless India Limited; alternatively Siti Cable) is the multi-system operator of the Essel Group. Designation. Companies owned by Subhash Chandra Zee Entertainment Enterprises Limited Zee Entertainment Enterprises Limited is one of India’s leading television, media and entertainment companies. Over the following years, the market share of the Zee Network was overshadowed with increasing competition in broadcast industry from both international and regional broadcasters. “While Shri Chandra stepped aside from the chair, he also expressed the desire to step aside as a board member," the release said. 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