Mumbai, Mar 28 (UNI) Former Founder Chairman and Managing Director of Adlabs Manmohan Shetty and Promoter of Centrum Capital Chandir Gidwani have picked up a majority stake in Frameboxx Animation and Visual Effects - a premier animation training brand.
The newly constituted board of Frameboxx will consist of founders Rajesh Turakhia as its Managing Director and Naveen Gupta as the Executive Director and CEO.
Mr Shetty said knowing the track record and passion of its founders and its team, we have decided to invest in Frameboxx so that it can go ahead with its innovative plans and attain the leadership position in its domain in the country, besides unleashing the full potential of its capabilities in grooming the young Indian talent for the much-in-demand careers in animation and visual effects.
''Animation and visual effects is the sunrise field with immense growth potential in the country and skill enhancement through specialised training is the need of the hour for the animation industry,'' Mr Shetty said.
Frameboxx, which was founded in December 2007, has already set up 25 state-of-the-art centers across the country and another 15 are in the pipeline. The Company has a team of highly trained instructors and specially designed curricula that meets the industry requirements, informed Mr Turakhia while talking to reporters here today.
Frameboxx also inaugurated its first-of-its-kind incubation facility here in Versova which would provide a hands-on experience to Frameboxx students. Three more such facilities would be established very soon, one each in Delhi, Bangalore and Kolkata, Mr Gupta said.
We will be investing largely in setting up a high-end studio at a cost of nearly Rs 15 crore and also establish at least 10 company-owned centres, Mr Turakhia added.
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