|Media Video Limited (MVL), is an existing profit making and dividend paying company. MVL was incorporated on 3rd day of December, 1986 with Registrar of Companies, Delhi & Haryana and obtained certificate of commencement of business on 11th December, 1986. MVL is engaged in the assembly and marketing of quality consumer electronic goods under the brand name 'MEDIA'.
The Company commenced its operations in 1987 with the manufacture of pre recorded video cassettes. In 1990-91 MVL emerged as one of the major manufacturer of pre-recorded and blank video cassettes in Northern India. Presently it is holding the copyrights of about six hundred feature films. MVL's current range of products include, T.V. games
and rechargeable emergency lights. Presently MVL is dominating the T.V Games market in India with its various remote controlled/non remote controlled models. The sale figures for various models of TV games has reached a turnover of Rs.11.17 crores in the year 1993-94 from a mere figure of Rs.0.43 crore in the year 1990-91 i.e. the year in which it was introduced, showing an impressive growth in turnover of twenty six times in a span of four years. In 1993, MVL further diversified, by launching rechargeable emergency lights. This product was also well accepted in the Indian market with the sales of Rs.28 lacs in the year 1992-93 (two months' figures only), the first year of launch of the product. For full year of working the sales volume of emergency lights was 12,861 pieces and in value terms it was Rs.1.31 crores.
In view of the past performance of the Company and the acceptability and market penetration that 'MEDIA' brand has acquired, MVL now proposes to install its own injection moulding machines to process plastic moulded components of TV games and rechargeable emergency lights and also import new moulds for manufacturing of new range of models of these products.
The Company does not have any labour problems in the past. There has been no delay in commencement of commercial production at any point of time during the operation of the company. There is no subsidiary company.
2003 - Delist the Company's securities from the Delhi Stock Exchange Association Ltd, the Calcutta Stock Exchange Association Ltd and the Madras Stock Exchange Association Ltd.
-Media Video Ltd. has informed that pursuant to the Companys application for voluntary delisting, the Delhi Stock Exchange has informed the Company that the securities of the Company have been delisted from the Delhi Stock Exchange Association Ltd. wef January 23, 2004.
-Media Video launches a new range of consumer electronic products
-Media Video launches a range of Color Televisions in Rajasthan
-Media Video secures Rs 200 mn source order for mobile phone gaming software
- Media Video launches Rs 3000 Million 124 Acre Mega Township Project in Haryana
- Company name has been changed from Media Video Ltd to MVL Industries Ltd.