A prominent Indian visual effects studio has announced securing new contracts worth INR 27 Crore, strengthening its global presence and financial projections for the upcoming fiscal year.
These contracts, set for execution between October and December 2024, are expected to significantly contribute to the company’s projected revenue target of INR 100-110 Crore for the 2024-25 financial year.
The new projects, sourced from both domestic and international clients, underscore the studio’s reputation for delivering cutting-edge VFX solutions. Of the total contract value, INR 20 Crore is expected to be recognized as revenue during the latter half of 2024-25, with the remaining INR 7 Crore contributing in subsequent months.
The studio’s managing director expressed satisfaction with the acquisition, describing the contracts as a major milestone in the company’s growth trajectory.
He reaffirmed their commitment to providing scalable and high-quality VFX services while maintaining strong relationships with clients worldwide.
This development signals a bright future for the Indian VFX industry as it continues to expand its footprint in global markets.
