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24 Jul, EOD - Global

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Prime Focus Ltd

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BSE Code : 532748 | NSE Symbol : PFOCUS | ISIN : INE367G01038 | Industry : Entertainment |


Chairman's Speech

Since the commencement of our journey, our compelling and cutting-edge content and technology has been the result of our differentiated thinking and implementation. We continue to transform our business even after 25 years of dominance in the industry. Starting from a garage in Mumbai in 1997 to transforming into a global company in 2006, our position today is at the forefront of the international media and entertainment services industry.

We have always recognised the importance of staying ahead of the curve, and have a proven history of adopting and utilising the latest tools, technology and techniques of its time. We are a company that hasn't taken shortcuts to success and has time and again, proven its mettle on a global stage by pulling off the seemingly impossible.

The transformational partnership with DNEG elevated us into a position of being the world's largest integrated media service group and enabled us to offer our clients premium services for a quality and scale commensurate with top giants of the business. DNEG has since gone on to win 6 Oscars following the merger and this highlights the importance of industry collaboration and consolidation to enable growth and progress in the industry.

With the launch of ReDefine (a company registered under DNEG), we expanded our capabilities to build a substantial presence in European markets to provide Animation and VFX services with top international creative standards.

We have created new opportunities, opened new markets and rationalised our business, and we are beginning to capitalise on the financial advantages that we have created. Every year we see progress. Every year we become more successful. Every year we grow stronger. And as we look to the future we are confident that we have best positioned ourselves for the challenges to come.

We enter our 25th year with confidence; we have built expertise, brand credibility, networks and connections, and have positioned ourselves as a leader in all three of our business areas - International Creative Services, Global Cloud Technology Services and India Film and Media Services. We are witnessing accelerated growth in all our businesses, alongside international industry recognition and acclaim, and as we move forward we will continue to act decisively and strategically, unafraid of stepping into untested waters.

NARESH MALHOTRA

Chairman and Whole-time Director

Prime Focus Limited