the indian conglomerate . for other uses see utv . this article has multiple issues . please help improve it or discuss these issues on the talk page . learn how and when to remove these template messages this article may contain an excessive amount of intricate detail that may only interest a specific audience . please help by spinning off or relocating any relevant information and removing excessive detail that may be against wikipedia s inclusion policy . december 2012 learn how and when to remove this template message this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . december 2012 learn how and when to remove this template message this article may be too long to read and navigate comfortably . please consider splitting content into sub articles condensing it or adding or removing subheadings . december 2012 learn how and when to remove this template message utv software communications ltd. type subsidiary industry media conglomerate founded 22 june 1990 founder ronnie screwvala headquarters mumbai india key people siddharth roy kapur md & ceo products films televisions games websites broadcasting media entertainment gaming animation parent the walt disney company india the walt disney company website www.utvgroup.com utv software communications ltd. or utv is an indian media and entertainment company owned by the walt disney company . contents 1 history 2 acquisition by disney 3 partnerships 4 subsidiaries joint ventures 5 corporate structure 6 holdings 6.1 television production 6.2 film production and distribution 6.3 animation 6.4 broadcasting 6.5 gaming 7 references 8 external links history edit utv started off as united television software communications pvt. ltd. on 22 june 1990 . the company later went public and was renamed utv software communications ltd. in 1998 . 1 the utv group was incorporated as united television software communications private limited on 22 june 1990 ; under the companies act 1956 as a private limited company . subsequently it became a deemed public limited company and the word private was deleted on 27 november 1995 . it was renamed utv software communications limited with effect from 19 march 1998 . at the time of incorporation the group was primarily engaged in the production of television content for doordarshan prasar bharti and also production of ad films . in 1992 with the entry of satellite tv zee tv commissioned the group for producing content of around 250 hours wherein it became one of the largest content providers . around the same time it also expanded into the businesses of in flight entertainment programming and dubbing . in 1993 it ventured into the business of acquiring programs from outside producers and marketing airtime on their programs . in 1995 it launched a daily soap titled shanti . in may 1995 it acquired 54.60 % stake in laezer production private limited to enter into the area of post production . laezer production private limited was incorporated on 29 january 1982 . on becoming a deemed public limited company the word private was deleted on 27 november 1995 . subsequent to the acquisition of 54.60 % stake by the utv group laezer production limited was renamed as utv studios limited in december 1995 . at that point of time united studios limited usl was engaged in the business of providing post production facilities to television software houses private producers and advertisers . in 1996 disney contracted the utv group to dub its library into indian languages . in 1996 the company s in flight entertainment division which was catering to air india only started catering to other international airlines . in 1998 the company s subsidiary usl took over ram mohan biographies an animation production house pioneered by mr. ram mohan one of the leading animation artistes in the country . the animation division in usl was called rm usl and thereafter was rechristened as utv toons and remained as a division of usl . the company then diversified into broadcasting by acquiring a controlling interest in vijay television limited in november 1998 . vijay television was incorporated on 30 may 1996 and operated vijay tv a 24 hour tamil language channel out of chennai . the udayar family of chennai initially controlled vijay television as gec channel since 1992 . in 1995 united breweries group acquired the operational control of the channel and the name was changed to vijay tv . the utv group acquired the controlling interest from united breweries group . in 1995 96 the company ventured into the movie distribution business . in 2000 it incorporated a group company called utv net solutions ltd. in which it held an 86 % stake . utvnet was in the business of internet content creation and aggregation indian regional language portals with dual language content and leveraging of their audio video library rights for internet usage . in 2000 utvnet started the business of broadband content aggregation under the brand name sharkstream.com through its subsidiary sharkstream.com pte. ltd. singapore . in 2002 03 the group acquired the studio business of western outdoor media technologies limited womtl to attain leadership position in the post production special effects and animation business . the studio operations of womtl were thus merged with the group s post production business . since 2000 01 the utv group has initiated a corporate restructuring exercise to consolidate their holdings in certain group companies and subsidiaries . the objective of these exercises was to maximize shareholder value remove conflict of interest and build a powerful combined entity . in october 2005 after a 10 million outsourcing partnership with us based bkn new media inc. utv toons moved to expand to 200 employees and purchased additional autodesk 3ds max 8 software licenses . 2 between 2007 and 2011 utv was targeted for acquisition by studios in the usa and the uk . fuse global global media fund had approached and made several attempts to play a role in becoming a financier to the studio but it never materialised for asian media billionaire keyur patel who has also done similar large format deals in usa . acquisition by disney edit in 2011 disney offered to buy out stakes held by public shareholders and other promoters of the company in a deal valued around rs 20 billion . 3 subsequent to the buyout by the walt disney company south east asia pte ltd a promoter group firm the company will be delisted from both the bombay stock exchange and the national stock exchange . the delisting proposal entails an offer to acquire all outstanding equity shares held by public shareholders in the company utv said in a filing to the bombay stock exchange.currently disney was the majority shareholder in utv software communications at the time with 20 497 994 equity shares accounting for 50.44 per cent stake . the company s board of directors approved the delisting offer and acquiring shares from public at a price not exceeding rs 1 000 per equity share it said . partnerships edit the utv group s relationships include those with the walt disney company south east asia pte. ltd. which owns utv india . 20th century fox and fox searchlight pictures were movie co producers for the namesake i think i love my wife and the happening with utv mauritius and usa . utv has talent relations with mira nair m. night shyamalan iranian film director majid majdi ramgopal verma vishal bhardwaj ashutosh gowarikar ken ghosh rensil d silva david dhawan and john owen after having past associations with directors rakeysh omprakash mehra anurag kashyap shyam benegal and aamir khan to name a few . utv is associated with verizon vodafone and airtel and over 80 telecom companies worldwide for mobile game publishing new media and online gaming . utv is associated with coca cola pepsico pepsi hero motocorp honda motor company hindustan unilever p & g cadbury airtel reckitt benckiser godrej johnson & johnson for sponsorship and branding relationships across various tv channels and content titles . it has a partnership with virgin comics to create original superhero franchises across platforms . it works with nintendo microsoft and sony computer entertainment inc. in the console gaming business . utv has relationships for television content with star india zee entertainment enterprises national geographic channel sun tv . subsidiaries joint ventures edit as a part of the consolidation plan during 2000 01 it augmented its share capital by swap of shares from shareholders of group companies . and as of 31 march 2009 the company has the following subsidiaries joint ventures utv motion pictures ump plc the company was incorporated on 27 march 2007 . on 2 july 2007 ump plc shares were admitted to trading on alternate investment market aim of the london stock exchange . utv software communications ltd. holds 76.82 % of controlling stake of ump plc which in turn holds 99.75 % controlling stake in utv motion pictures mauritius limited and balance 0.25 % is held directly by utv software communications ltd. ig interactive entertainment limited ig ig was incorporated on 6 september 2004 with an intention to carry out film acquisition syndication and distribution business in the united kingdom . utv communications usa llc utv usa utv communications usa llc was incorporated on 26 april 2004 with an intention to carry out film acquisition syndication and distribution business in the north america . utv tv content limited utv tv utv tv a 100 % subsidiary of utv software communications ltd. it was incorporated on 9 july 2007 to carry on the business of producing exhibiting and distribution of television serials programmes for television . rb entertainment limited rbel a 60 40 joint venture between utv tv and mr. rajesh beri was incorporated on 6 may 2008 with intent of producing content for television channels . first future agri and developers limited ffadl the company was incorporated on 7 april 2008 as first future agri and developers private limited company . on 11 june 2008 utv software communications ltd. acquired 100 % equity stake in ffadl for a consideration of rs . 0.10 million thereby making it a wholly owned subsidiary of utv software communications ltd. on 25 march 2009 ffadl further allotted 15.99 million equity shares at par to utv software communications ltd. the status of ffadl was changed from a private limited company to public limited company on 29 april 2009 . utv global broadcasting limited ugbl ugbl was incorporated on 6 june 2007 with an intention to carry on the business of broadcasting of satellite television channels in india . on 8 august 2008 utv software communications ltd. acquired 75 % equity stake in equity shares of ugbl . ugbl is a parent company for its two wholly owned subsidiaries genx entertainment limited genx and utv entertainment entertainment limited uetl . genx and uetl are engaged in the business of up linking and broadcasting entertainment non news current affairs channels from india . on 30 september 2009 utv software communications ltd. acquired additional 10 % equity stake in ugbl from unilazer exports and management consultants limited unilazer for a total consideration of the total stake of the company in ugbl increased to 85 % . utv games limited utv games utv games limited is a 100 % subsidiary of utv software communications ltd. and was incorporated on 5 september 2008 to carry on the principal activity as of investment holding . on 10 september 2008 utv games limited acquired 80 % equity stake in true games interactive inc true games an online gaming start up company based in california usa thereby making true games a downstream subsidiary of the company . utv new media limited unml unml a 100 % subsidiary of utv software communications ltd. and was incorporated on 20 september 2007 to carry on the business of developing and maintaining websites and acquisition and exploitation of digital rights on mobile and digital