Maya Entertainment Ropes in UTV Veteran as MD & CEO

Mumbai, Maharashtra, India

Maya Entertainment Limited (MEL) announces induction of Media business veteran Mr. Ronald D'mello as it's Managing Director and CEO. Ronald, who has been with UTV, an India based media and entertainment company, for over 15 years and has been at the thick of UTV's growth over the years, is a Chartered Accountant turned business leader and was last designated as CEO of UTV's new media vertical.

Commenting on the development, Mr. Niraj Bhukhanwala, the President of MEL, said "we are proud to be able to rope in Ronald to drive our business to the next level. Ronald, with his business acumen earned over the last two decades, will be the well balanced business leader to drive the growth of MEL in all it's three verticals - Education, Content and Services".

Mr. D'mello said "After spending about 17 years in executive positions in various aspects of media business, I am happy to be part of MEL in a unique quasi entrepreneurial position and drive it's future growth as MD & CEO. MEL has built a robust platform of educational franchise spread over India, UAE, Srilanka and Nepal, a state of the art animation service outsourcing facility supported by a strong international clientele and a sound creative and execution team to develop content IP's in live action and animation genres. Our initial focus will be to take these inherent strengths of MEL to its optimum potential in Education, Content and Services".


ABOUT MEL

MEL, established in 1996, is engaged in the business of education franchise in cinematics, service outsourcing in animation and visual effects and production of live action / animation content. It's education franchise in cinematics has over 7,500 students enrolled with it's 60 centers spread over India, UAE, Srilanka and Nepal with an alliance with University of Cambridge International Examinations. It's previous animation productions include the Tales of Jack Frost, Neopets 'The Darkest Fairies', and Weather Kids for international clients and it has a state of the art 280 seater facility at Mumbai. Its combined system-wide revenues are expected to be over INR 1 billion in the financial year 2007-08. MEL is owned by a group of investors including Enam Securities, Intel Capital and Bhukhanvala Holdings.

Source: Maya Entertainment Limited (Business Wire India)

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