Bodhi Tree Multimedia Limited which produces content for television, films and digital platforms recently entered the capital market through an IPO on NSE Emerge. Despite the pandemic, the company saw strong growth and expects that trend to continue into next year.
“The entertainment industry boom with the explosive rise in digital OTT content along with an increasing growth television content gives us a unique position to create rooted Indian content for the Indian as well as global market,” said Sukesh Motwani, Founder Director, Bodhi Tree Multimedia. “It’s the best time to be a content creator.”
The Company’s IPO’s net proceeds will be utilized for meeting working capital requirements, general corporate purposes, and meeting expenses related to IPO.
“The entertainment industry has the distinction of not only qualifying as a recession-proof sector but also as a sector with enormous growth potential,” said Mautik Tolia, Managing Director, Bodhi Tree Multimedia.
“As an established player in creating content for television and films and digital platforms, Bodhi Tree Multimedia continues to demonstrate its resilience in a challenging market. Operating in the entertainment industry with the potential to grow exponentially in the years ahead, the company is all geared to capitalize on this exponential growth potential. Amidst the COVID-19 restrictions around the world and the uncertainty in the global economic outlook, we will continue to focus on growing our business profitably and prudently. The outlook for FY21 looks promising with orders in hand.”
Bodhi Tree Multimedia is leveraging its brand in the market for entertainment content and the company currently has several shows that are at various stages of development, under production, and on-air.