Chairman's Foreword

For over three decades, Essel Group has been a leading business conglomerate having diverse business presence across Media, Entertainment, Packaging, Infrastructure, Education, Precious metals, Finance and Technology sectors. We have created an impressive track record of value creation in all our businesses that compares well with their respective industry peers. Our companies strive to bring the latest innovations and the best value offerings to all our consumers in our quest to deliver the best in class. "Faith in innovative and organized growth" works as the guiding principle behind every business at Essel and keeps us committed to enhancing operational excellence through greater focus on innovation and efficient resource utilization. With worldwide operations and a workforce of over 10000 employees, Essel Group is growing in strength day by day.

This journey of a thousand miles began with a single step in 1926 with a commodity trading and export firm. With its ardent passion and a clear and focused vision, Essel has not only built and expanded new businesses but has built a formidable and exemplary position in all these businesses in a short span of time. Today, the Essel Group has grown to become a strong diversified entity in India and globally with presence across the entire value chain.

The Essel Group’s media business offers a strong portfolio of numerous entertainment and news channels, reaching millions of viewers in India and internationally. ZEE is considered as one of the strongest Indian Media brands across the world while the Living Entertainment Network through its 'Living' brand is devoted to showcasing healthy lifestyle and wellness programming and related content across multiple media platforms globally. Essel's print venture, DNA – an English daily, provides responsible journalism to its readers. Essel's distribution arms – Dish TV and SITI Network Limited with their vast reach across the country provides quality viewership experience to millions of subscribers and is well poised to take advantage of the mandatory digitisation of the distribution platforms in the country.

The Group has also made a successful foray into socially relevant business ventures such as infrastructure, education and finance. Essel Infrastructure is engaged into construction of roads, power plants and urban infrastructure development and has built an impressive order book while Essel Utilities is engaged in power distribution and water management. Zee Learn has established a vast network of preschools across the country shaping young minds to drive India's future and is currently building its network of K-12 schools expanding its reach to millions of students in the country. The Group's financial arm, Essel Finance is a customer-centric, financial services firm arranged into three business groups - commercial finance, investment banking and private equity

Another Group venture - Essel Propack, a laminated tube manufacturer, is considered to be one of the largest in the world. Essel through Shirpur Gold Refinery has also ventured into precious metals which has a promising outlook. Essel's entertainment brands include - Playwin, India's first and largest online gaming company, 'EsselWorld' the largest amusement park in the country and 'Water Kingdom', the largest theme water park in Asia.

Our companies are at an exciting juncture of their business journey, as they continue to expand their product offerings and explore new markets. Having attained respectable scales in most of its businesses, Essel is now pursuing the next level of growth. We are committed to adopt and develop new technologies to provide a wider range of offerings and a better experience to its consumers. Given Essel's growth potential and increasing international outlook, the promoters as well as the entities in the Group continue to pursue fund-raising opportunities both domestically and in the international markets. Essel with its experience and resources will keep tapping new growth opportunities.

We believe in inclusive growth and are ever committed to the various stakeholders – shareholders, customers, employees and vendors. Our companies are well poised to not only grow further in scale but also balance the growth with the interests of its stakeholders and civil society. It is the unflinching goal of Essel to become a greater force to reckon with and the Group is on its journey towards accomplishing it.

Group Profile


Zee Entertainment Enterprises Ltd - Zee Entertainment Enterprises Limited is one of India's leading television media and entertainment companies. It is amongst the largest producers and aggregators of Hindi programming in the world, with an extensive library housing over 120,000 hours of television content.

Zee Media Corporation Ltd - Zee Media Corporation Limited is India's largest News Network, with 10 channels, reaching out to over 130 million viewers through its national and regional channels across India as well as those of its digital properties like and

dna - dna is a daily, English-language broadsheet owned by Diligent Media Corporation Limited, an Essel Group company. In a short span of 9 years, dna has entrenched itself into the lives of the young and dynamic readers through its news, views, analyses and interactivity with a composite unbiased picture of the city, the country and the world around them.


Dish TV - Asia's largest Direct to Home Entertainment Company, DishTV is the pioneer when it comes to digital entertainment.

SITI Cable Network Ltd - SITI Cable Network Limited is one of India's leading Multi System Operators (MSO)

Cyquator Technologies Limited - an IT infrastructure outsourcing company that provides end-to-end Internet Data center and high-end managed hosting services.

Essel Propack - It is the largest specialty packaging company – manufacturing laminated and seamless or extruded plastic tubes. With over 2500 people representing 25 different nationalities, Essel Propack functions through 24 state of the art facilities in twelve countries, selling more than 5 billion tubes and continuing to grow every year.

Pan India Network Pvt Ltd - Playwin, India's first and largest online gaming company, provides infrastructure, data communication, marketing support and service to facilitate a secure online lottery network.

Pan India Paryatan Private Limited - PIPPL owns and operates India's most favourite entertainment parks, 'EsselWorld' and 'Water Kingdom' located at Gorai, Mumbai. 'EsselWorld' - launched in 1989 is the largest amusement park in the country & 'Water Kingdom' - commissioned in 1998 adjacent to the EsselWorld, are the largest Theme Water Parks in Asia.

E-City Bioscope Entertainment Pvt Ltd - A chain of multiplex cinema cum- family activity centers across non-metro towns in India.

E-City Digital Cinemas - E-City Digital Cinemas is committed to revolutionising the Indian movie business by implementing state-of-the-art digital technology at the various independent cinema houses in this fragmented industry.


Essel Infraprojects Limited - One of the fastest growing companies having diversified interests in infrastructure projects, Essel Infraprojects Ltd. is a successful venture with three key Strategic Business Units in areas of Core Infrastructure, Green Solutions & Integrated Utilities Services.

Smart Utilities - Smart Utilities is India's first integrated utilities brand- a consumer-centric integrated utility services brand delivering smart value and efficiency.

E-City Real Estate Pvt. Ltd - The Company behind the successful lifestyle brand Fun Republic - currently operates 3 lifestyle malls in Mumbai, Lucknow and Coimbatore ( The Company aims to operate successful retail formats that align the interests of operators, retailers and consumers providing an ideal size and brand mix.


Zee Learn - The education arm, through its chain of pre-schools (Kidzee), K-12 schools (Mount Litera) and youth institutes (ZICA and ZIMA) promises to give light to the paths of children and youngsters who wish to realise their potential in order to set foot on the path of development. Zee Learn's purpose is to improve human capital via quality education.

Veria Living - Veria Living is a leading media brand devoted to showcasing healthy lifestyle and wellness programming and related content across multiple media platforms in the United States and beyond.

Shirpur Gold Refinery Ltd - It is one of the leading players in the precious metals market in India. With state-of-the-art refining & minting   processes and professionally driven management coupled with experienced manpower, SGRL takes pride in producing gold & silver bars and coins which meet the strictest international standards in quality.


Essel Finance - Essel Finance is one of India's leading private sector financial services company offering a range of services and products across corporate finance and retail sectors. It's the umbrella brand for the financial businesses of the $10 billion conglomerate - Essel Group. Essel Finance is a well-diversified financial services firm offering a range of financial products & services such as Private Equity, SME Business Loans through its Non-Banking Financial Company (NBFC), Housing Finance, Distribution of Mutual Funds & Insurance, Forex Money-Changing & Remittance and Investment Banking. Head quartered in Mumbai, the company has a vast network spread in almost all major cities in India

Essel Middle East

Essel Group ME operates subsidiary businesses in the natural resources sectors. Its natural resources portfolio includes oil and gas, potash and iron ore assets. Unisol pursues growth through the acquisition of underdeveloped assets at competitive valuations. Its flagship assets are located across Africa and the Middle East, in sectors and locations with significant growth potential and a competitive cost environment. Our assets are strategically located close to existing infrastructure links to enable quick monetisation and transport to end customers. We invest where it can see project returns in the mid-teens levels, using a locally adjusted cost of capital assessment. At EGME, we are committed to being a responsible corporate citizen, both in how we conduct our business and how we contribute to the development of the areas and communities in which we work. We are very active in supporting local community initiatives through our oil and gas investments in Africa.

Pan Asia Infrastructure FZ LLC has been incorporated under Dubai Technology and Media Free Zone. It is located in the midst of DMC , Dubai, United Arab Emirates. Pan Asia Infrastructure provides Real Estate Research, Management and Development services across United Arab Emirates. Pan Asia Infrastructure is the new hub of commercial real estate activities. it has well-known brands under its retail wing.