The US & #BANNER1 & # based CineMaya Media Group, which concentrates specifically on the Indian demographic in North America, has been gradually spreading its presence in India through platforms across the spectrum of media, entertainment and marketing. Elephant Advertising, which is part of the CineMaya Media Group, signed a memorandum of understanding (MOU) with the Starcom MediaVest Group to start a diaspora marketing unit in May 2007.
The aim of this unit is to facilitate Indian and global marketers to engage with key consumer segments from the subcontinent across all relevant geographies. One of the prominent clients the diaspora marketing unit has serviced since May 2007 is Jet Airways.
Apart from diaspora marketing, the group specialises in publishing, content creation for television, broadcast television, film, broadcast radio, online and interactive, events and marketing services.
Other publications under the banner of the CineMaya Group include The Indian Express' weekly North American edition and Divya Bhaskar's weekly Gujarati North American edition. All the publications have a 4:6 ratio of North American and Indian content.
Through its film and production division, CineMaya Films, established last year in Mumbai, the group plans to foray into films and content creation for television channels. The division aims to create content that's engaging and gripping for the young audience in India.
"HBO and MTV in the US have created such high quality TV formats that they truly have the capability to engage viewers without even going near the general entertainment genre. Hopefully, in the coming years, we will get to see original as well as interesting programming properties in India. At CineMaya Films, we aim to create that niche that will target today's India and engage them in the true sense."
At present, the group is in talks with leading television and broadcast service providers in the country for the content creation and programming aspects. Padrai, however, did not reveal any names. The group is also looking at bringing in foreign magazine titles to India in the coming years.
The group will launch its real estate marketing service, Buy Indian Properties, in May in the US. This service will serve the real estate needs of investors and owners in the US and India, respectively. Padrai says there is a huge demand in the US for Indian property. People who shifted to the US in the 1960s and the 1970s have now retired and plan to come back to India.
Other than this, the Indian economy is growing consistently and entrepreneurs, businessmen and companies are looking to set up operations in the country. But so far, the crucial link between demand in the US and supply in India has been missing. Buy Indian Properties will aim to bridge this gap, transfer knowledge and bring more investment to India. The service will have extensions in the online space, print, expos and events. It will be launched in India also once it captures the NRI market fully.
The CineMaya Media Group is a publicly traded company. It established offices in Mumbai and New Delhi in 2007 and inaugurated its Hyderabad office recently in February. Some of its clients in the diaspora marketing space include Shaadi.com, Fropper.com, Indya.com and Yatra.com. The group claims revenue of US$ 6 million in 2007, with a compounded annual growth rate (CAGR) of 57.42 per cent.