Tips Industries Ltd, one of India`s largest Entertainment company having presence (along with its subsidiaries) in Music, Film Production, Film Distribution and Artist Management.
TIL which has started as a trading firm in pre 1980s has grown to become a leading entertainment company in India in 3 decades. Taurani family initially commenced a trading business in the name of Jaihind Electronics in Bombay in 1980s. As a part of business, the Taurani`s also dealt in gramophone records and pre-recorded audio cassettes of HMV, MIL, CBS and Oriental. In early 80`s a partnership concern, M/s RK electronics with Ramesh S Taurani and Renu K Taurani as partners was formed. The firm did the conceptualising and planning of the album and its release, and used external manufacturing facilities to manufacture and record songs. In 1988, a new partnership firm, Tips Cassettes and Records Co was registered with Sadhuram Taurani and Kumar Taurani as partners. Thereafter, their first major music release in Bollywood, "Patthar ke Phool" hit the market. In 1990, Tips set up its first manufacturing facility at Palghar, Maharashtra.
In 19992, M/s RK Electronics was dissolved and merged with the partnership firm M/s Tips Cassettes and Records Co and the reconstituted partners were Ramesh Taurani, Kumar Taurani, Renu Taurani and Varsha Taurani. In 1996, M/s Tips Cassettes & Records Co was reconstituted with the joining of Shyam Lakhani, Kavita Lakhani and Rajeev Sogani as partners and renamed as M/s Tips Industries.
Presently the company is in the business of manufacturing and marketing of pre-recorded audio cassettes, blank audio cassettes and replicated CDs. The company has a plant in Silvassa for the manufacture of blank audio cassettes with a capacity of 21 lacs audio cassettes p.a. and a facility of recording of audio cassettes with a capacity of 271.80 lacs pre-recorded cassettes p.a. Its plant in Palghar has a capacity of 115.35 lacs pre recorded audio cassettes p.a. Replication of CDs is done entirely on a job work basis with pre identified sub contractors to whom the company provides Master of the Title and the required packing material.
Tips has developed a vast collection of albums which encompasses songs in most of the Indian languages. Apart from film songs, it also includes devotional songs, Indian pop, ghazals, instrumentals, Indian folk, Jokes etc.
It markets its products under the TIPS logo which is registered with the Registrar of Trade Marks in the name of Tips.
The company came out with a issue of 30,00,000 equity shares of Rs 10/- each for cash at a premium of Rs 315/- per share aggregating Rs 9750 lacs. (Issue comprises of Book Built portion of 27,00,000 equity shares and Fixed Price Portion of 3,00,000 equity shares) to set up a studio for recording music, promotional activities and videos, manufacturing plant for CDs and expand the existing cassette manufacturing facilities.
Tips today own 3,500 titles from which atleast 10 have been 10 million sellers and more atleast 15 have grossed more that 5 million in sale and another 20 have been million sellers. Tips has the highest number of gold and platinum discs to their credit compared to any other record label in India since the year l981.
Tips also holds soundtrack copy rights of atleast 50 Hindi Movies, each movie sound track copyrights costing about a million dollars and another million dollars to promote.
Tips also owns its own distribution system, i.e. it has dedicated set of Distributors handling only tips products, a rarity in the Indian music industry as you have distributors dabbling in the product of more than one record label.
Tips also has two factories which use state of the art Ootari machines, incorporates digital bin mastering facilities, works on just in time inventory management system and uses in-house logistics facilities to deliver more than 1,50,000 cassesttes per day to the Indian market.
Besides Tips has its offices located in the United states, Dubai and England where it operates via its licencees and also distributes products in South Africa, Israel, Malaysia and is currently looking for aggresive distribution and licensing its repertoire in other markets.
Tips has also entered the area of film production . Under its banner, Tips has already produced `Auzaar`, `Jab Pyar Kissise Hota Hai`....., & `Soldier`.
During the year 2000-2001, the Company acquired Dashmesh International Ltd, a Mauritius based company and converted it into a 100% subsidiary. The Company also signed an exclusive 3 year licensing deal with Warner Electra Atlantic to manufacture and market audio products of WEA through India and its neighbouring countries.
As part of its consolidation plans the company has acquired 100% stake in Tips Films Private Ltd.