Padmalaya Telefilms Limited on Wednesday said that as part of its major restructuring exercise, the company has rolled out a strategic business plan aimed at consolidating its existing operations and synergistically enlarging their scope.
On the film production front, the company has decided to pursue a business model aimed at minimising risks and optimising production costs. The company plans three Hindi and two Telugu productions on tight-time frames and budgets.
Restructuring of other activities is also being taken up simultaneously, the company said.
Accordingly, for the current financial year, the turnover projection is in the range of Rs 767.50 million (spanning film production, distribution, exhibition, TV software and animation activities).
The company hopes to substantially improve its turnover projections on the execution of 100 digital theatres project.