The 5-year analysis of Saregama India Ltd's performance infers:
We analysed the performance of Saregama India Ltd share prices over the last 10 years. Here is what we found out:
Saregama India was incorporated on August 13, 1946. The company is a subsidiary of the Gramophone Company, England (parent company). The parent company established its Indian branch in 1901 and set up a factory in Calcutta to manufacture records and gramophones in 1907. The factory at Dum Dum, Calcutta was established in 1928.
The products manufactured were marketed under the trade marks His Master's Voice and Columbia. The parent company carried on the business in India until July
The products manufactured were marketed under the trade marks His Master's Voice and Columbia. The parent company carried on the business in India until July 1, 1964 and from that date, the company purchased and acquired appropriate assets of the parent company's branch in India as a going concern. The parent company is itself a subsidiary of Electric and Musical Industries, England, known as EMI throughout the world.
The company's factory is situated at Dum Dum, Calcutta, where the parent company's factory was situated. The company's factory is most up-to-date in all manufacturing techniques (especially in the field of gramophone records) and is largely air conditioned.
Business area of the company
The company engaged in manufacturing, selling and dealing of gramophone records, radio receivers, radiograms, record players, record producers, pick-up cartridges, components and accessories thereof and other allied products.