Saregama focusses on operational efficiency

Kolkata, Sept 20 (UNI) RPG group company Saregama India is focusing on technology for operational efficiency to improve bottomline, its Managing Director Subroto Chattopadhyay said.

Saregama was implementing Enterprise Resource Planning (ERP) application software by SAP at a cost of Rs 4 crore, he said.

It would be implemented by Siemens and was expected to be completed within the current fiscal.

The ERP would help the company improve operation, he said adding the company needed to manage thousands of artists and lakhs of tracks.

The ERP would also help manage IPR issues better, he said.

The company was also focusing on the wireless format of music delivery.

" We are hosting an online market place for digital music and films, " he said.

The portal would be for online sale of music tracks by December and the company had digitised three lakh tracks for hosted.

Saregama vice-chairman S Goenka said the company had finalised decision to produce three films at an estimated cost of Rs 20 crore.

Saregama's Indo-US English film 'Karma Confessions' and 'Holi' would be released in the next financial year, keeping in mind the taste of the international market.

The company posted a total income of Rs 118.87 crore and net profit of Rs 8.87 crore for the year ended March, 2006.

UNI TJP SJC/src1838