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Viaan Industries’s net profit at Rs 7.53cr for Q4FY18

Viaan Industries, a company promoted by businessman Raj Kundra and Bollywood actress Shilpa Shetty, has posted a consolidated net profit of Rs 7.53 crore for the last quarter ended March 31, 2018 (Q4 2018) compared to Rs 5.16 crore in the corresponding quarter last year. This represented a year-on-year growth of 47%.

The company in operates in three verticals – Licensing technology, Gaming & Animation, and Wellness.

Meanwhile, consolidated revenues for the quarter stood at Rs 70.8 crore compared to Rs 54.3 crore in the corresponding quarter previous year, growth by 30.3% on a year-over-year basis.

Viaan Studios has its own games on both iOS and Android, including Domestic Diva, iQLive, Sniff, Survival Block, Operation Reboot and The Adventures of Ali & Baba, which it lists on its website. MD and Chairman Raj Kundra said in a statement the company is working on introducing 5-6 games in this financial year.

The company does not provide segmented results of its operations.  But it shared some metrics, like, Shilpa Shetty- Domestic Diva, is a restaurant story game with recipes curated by Shilpa shetty, where anyone can cook all kind of dishes. Since the launch in the month of January, it has reported lakh downloads so far.

For its 3D series called Adventures of Ali Baba, the company has already sold India rights, for Hindi and English, to a broadcaster and the series will be aired this financial year. The company said that the it retains the IP for the franchise and the right for other regional languages in India, rights for other countries and other delivery platforms like OTT etc, and that it is exploring opportunities across all of these and are hopeful of meaningful contribution from this vertical in times to come.

Company’s history

The company was renamed from Hindustan Safety Glass after its founders acquired it back in 2014. At the time of acquisition, Hindustan Safety Glass was engaged in trading articles made of glass and was planning to enter the infrastructure business. However, the company has completely revamped since, and now offers mobile game development, mobile phones, and wellness products. Below is the company’s timeline so far.

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    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ