Pyramid Saimira
 | |
| Company type | Film production Film distribution Film soundtrack distribution Exhibition |
|---|---|
| ISIN | INE165H01018 |
| Industry | Entertainment, Software |
| Headquarters | Chennai , India |
Area served | India, China, Malaysia, Singapore, USA, UK |
Key people | Mr.PS Saminathan, Mr N Narayanan |
| Products | Motion pictures (Tamil) |
Pyramid Saimira, an Indian multinational entertainment company, operating in 6 countries [1] was one of the World's fastest growing entertainment group. Its diversified businesses included Exhibition (Theatre), Film and Television Content Production, Distribution, Hospitality, Food & Beverage, Animation and Gaming, Cine Advertising, etc., which has significantly altered the profile of Tamil Nadu cinema, the Tamil film music scene and entertainment industry in India at large. Its founder and CEO died on 28 Jun 2019 due to diabetics related illness.
Filmography
[edit]Distribution
[edit]- Mozhi (2007)
- Billa (2007)
- Evano Oruvan (2007)
- Azhagiya Tamil Magan (2007)
- Ali Bhai (2007)
- Kuselan (2008)
- Saroja (2009)
- Naan Kadavul (2009)
Production
[edit]- Kannamoochi Yenada (2007)
- Aayudham Seivom (2008)
Debts, Problems and Closure
[edit]Following the failure of Kuselan (2008), the production studio began to experience significant financial problems which affected several of their ongoing projects.[2] The releases of films including Krishna's Yen Ippadi Mayakkinai starring Richard and Gayathrie and Jeppi Azhagar's Vaanam Partha Seemayile starring Ashok and Priyanka Nair, were sudden cancelled despite having audio releases.[3] Likewise, Shankar Dayal's Anandham Arrambam, which was meant to be the launch for actor Adharvaa Murali, was also shelved despite beginning production. Kamal Haasan's bilingual period film, Marmayogi, was also scrapped after Pyramid Saimira were unable to finance the venture.[4]
In the year 2010, the management was struck by debts ranging to Rs.500 Crore and cases were filed on it by SEBI for breaching its terms and finally closed down.[5][6]
Share investors were duped by company's false auditing practices and internal scams. The promoter assured investors in their AGM that everything was in order and also acknowledged to make a dividend payout as a good will measure. It's another blot in ethics and corporate governance of the promoters.[7][8]
Key Personalities
[edit]These are the people who are mainly responsible for Pyramid Saimira.[9]
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References
[edit]- ^ "Pyramid Saimira Group". Archived from the original on 13 September 2008. Retrieved 18 September 2008.
- ^ "Kuselan Fiasco- A postmortem". Sify. Archived from the original on 20 August 2018.
- ^ "Three cheers for Pyramid – Lakshman Sruthi – 100% Manual Orchestra -". www.lakshmansruthi.com. Archived from the original on 5 May 2010.
- ^ "Kamal's action against Pyramid Saimira - Kamal Haasan - Raj Kamal International - Unnai Pol Oruvan - Marmayogi - Pyramid Saimira - Behindwoods.com". www.behindwoods.com.
- ^ "Madras HC sets deadline for Pyramid Saimira creditors to provide proof of debt". The Hindu Business Line. 9 April 2012. Archived from the original on 8 October 2012. Retrieved 4 November 2018.
- ^ "Sebi bans former Pyramid Saimira chairman from mkts". Reuters. 23 December 2010. Retrieved 15 March 2023.
- ^ "Compensation, job to wife of slain photojournalist". Press Trust of India. 30 December 2012 – via Business Standard.
- ^ "SAT adjourns hearing on Pyramid Saimira case". Press Trust of India. 16 February 2010 – via Business Standard.
- ^ "Main People".