Track the companies of Group.
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TIPS Industries (TIL) incorporated in 1996, is among the leading media companies in
Two year later i.e. in 1977 they became the biggest dealers for these companies in
The core business of TIPS is music promotion which is why today it is amongst the leading music companies in
Under music production segment, the company started its journey by producing music for Marathi and Sindhi titles which later got widened into other languages.
Under Music, TIL owns 3,500 titles out of which at least 10 have been 10 million sellers and over 15 have grossed more than 5 millions in sales and another 20 have bagged sales of about a million. To add to its credential, Company holds highest number of gold and platinum discs then any record label in
The company also holds copyrights of soundtrack of at least 50 Hindi movies. To acquire soundtrack copyright of every film the company invest about a million dollars and another million dollars is spent on promotion.
The company has marketing network of 1000 wholesalers that has a reach to more than 4,00,000 retailers across
Under Film production, the company has produced films like Footpath, Ishq Vishk, Fida, Race, Raaz, Kya Kehna, Raja Hindustani, Jab Pyaar Kisise Hota Hai and many more.
Outlook
The key factors affecting the music industry are non-physical music such as online music downloads, radio stations and music television channels. The non-physical music segment is anticipated to be worth Rs. 2.5 billion by the end of 2012. Physical sales will continue to dominate the industry simply by the sheer volume of units being sold and the decreasing prices for the same. TIPS Industries is bound to gain from this scenario.
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