Indian subsidiary operational with capital of rs. 12 crore; first family entertainment center in mumbai to be operational by end october 2015
Mumbai, November 19, 2015: The us$4.4 billion bandai namco group (listed in the first section of tokyo stock exchange), is now in india through a wholly owned subsidiary – bandai namco india pvt. Ltd. Incorporated with an initial capital of rs. 12 crore, the subsidiary will set up and manage a series of family entertainment centers across India based on assessment of potential. The first one at the oberoi mall in mumbai will be operational by end october 2015. Built to japanese standards of safety and peace of mind, the vibrant facility is designed around 3d tv animation ‘pac-man tm and “ghostly adventures’ tm themes. The 9264 sft. Center offerslarge-scale children’s play equipment and one of India’s largest redemption zones.
In his comments, masaharu igarashi, president, bandai namco asia company limited, said, “expansion in the fast growing and increasingly affluent asian region is a key component of the group’s mid-term vision plan. With a wholly owned subsidiary, we now have a direct presence in one of the largest markets in asia – india. We believe indian audiences are ready for entertainment facilities of global standards and it will become one of the fast growing new markets for our group.”
According to takeo yagi, director and coo, bandai namco India pvt. Ltd.,” Mumbai despite being India’s second largest city, does not have that many world-class entertainment facilities. The new center from bandai namco will not only address that gap, it will also put mumbai on the world map of bandai namco centers. Am sure mumbaikars will love the new center with its state of art playing machines and a redemption zone on a scale not seen before.”
The bandai namco group comprises bandai namco holdings inc., which is a pure holding company, three strategic business units (sbus), and affiliated business companies that support the work of the sbus. The three sbus are – toys & hobby, network entertainment, visual and music production. Bandai namco india pvt. Ltd., will be a wholly owned subsidiary of bandai namco asia company limited, which oversees the group’s business in the asian region.
Corporate Comm India(CCI Newswire)
