Tata
Elxsi gets hollywood orders for animation
Times of India March 20, 2003
Tata
Group's product design arm Tata Elxsi Limited
has bagged orders to create animation for a Hollywood
movie and three animated content series for American
television channels. The mediaworks division of
the Bangalore-based Tata Elxsi created a year
ago, has bagged the four orders with a delivery
schedule of up to 18 months. "These orders
are long-term and would strengthen our presence
as a quality animation provider in the US market,"
Tata Elxsi general manager and head media works
K.Chandrashekhar said.
The project details were not revealed citing non-disclosure
agreements with the customers. The Rs 132-crore
company also works on Bollywood projects, besides
commercials with advertising agencies. The revenue
from the division with the Hollywood and Bollywood
projects is estimated to touch $5 million in eighteen
months, Chandrashekhar said. He said Tata Elxsi
was working on the first fully-digitalised post
production Bollywood movie.
Of the 100 professionals Tata Elxsi's media works
division employs, 75 are with the TV and animation
section in Bangalore and around 25 in Mumbai working
on special effects for movies and TV serials.
Chandrashekhar said the company plans to increase
the team to 200 in the next six months. Tata Elxsi
has a marketing office in Los Angeles, which would
do creative work in future for Hollywood productions,
Chandrashekhar said.
The company has worked on several movies including
"Freaky Chakra" featuring Deepti Naval,
"Krishna Leela", an animated series
directed by noted film-maker G.V Iyer and "Hollywood",
a Kannada movie starring Upendra. Tata Elxsi recorded
a revenue of Rs 131.96 crore with a net profit
of Rs 16.74 crore during 2001-02.
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