INDUSTRIAL ASSIGNMENT

(PGDM AICTE-HR)

ZEE ENTERTAINMENT ENTERPRISES (ZEE)

1. HISTORY AND ORIGIN

2. BOARD OF DIRECTORS AND SENIOR MANAGEMENT

3. PRODUCTS AND SERVICES

4. HR ACTIVITIES

SUBMITTED TO: - SUBMITTED BY:-

Prof. Rutuja Jadhav Kumar Ravi

PGDM/AICTE-HR-14

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HISTORY AND ORIGIN

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COMPANY PROFILE

Company Name and Introduction

ZEE ENTERTAINMENT ENTERPRISES (ZEE)

TYPE Public

INDUSTRY Mass Media

FOUNDED Oct. 1992

FOUNDER Subhash Chandra

LOCATION CORPORATE OFFICE : Worli, Mumbai, India

REGISTERED OFFICE : Worli, Mumbai, India

REGIONAL OFFICES : New Delhi, Kolkata, Hyderabad, Pune, Chennai, 

Bangalore 

INTERNATIONAL OFFICES: United States of America, United

Kingdom,South Africa, Mauritius, Malaysia, Singapore, China, Russia (M

oscow), Dubai

KEY PEOPLE Subhash Chandra (Chairman), Punit Goenka (MD&CEO)

PRODUCTS Broadcasting, Publishing, Cable, Movie Production

EMPLOYEES 2075

PARENT News Corporation (1991-1996), Essel Group (1991-Present)

WEBSITE www.zeetelevision.com

MISSION

"To become the world's leading global media company from the emerging markets. As a

Corporation, we will be driven by innovation & creativity and would focus on growth while

delivering exceptional value to our customers, our viewers and all our stakeholders."

-ZEE

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Zee Entertainment Enterprises (ZEE) Limited is one of India's leading television, media and

entertainment companies. It is amongst the largest producers and aggregators of Hindi

programming in the world, with extensive library housing over 1 lac+ hours of television

content. With rights to more than 3,000 movie titles from foremost studios and of iconic film

stars, Zee houses the world's largest Hindi film library.

Through its strong presence worldwide, Zee entertains over 670+ million viewers across 168

countries.

HISTORY AND ORIGIN

The year 1992 ushered in an upheaval of sorts in the country. With the political, social and

economic landscape changing facades, an upsurge in the world of media and entertainment

was waiting to burst open. An upsurge that would resculpt social drifts and impart new

meaning to TV viewing in India. Subhash Chandra, one of India's leading entrepreneurs, who

sought to create a revolution by facilitating the convergence of media and communication

with a mirror into the common man's life and ways, created Zee Telefilms Limited in October

1992. This enterprise was to act as the chief content provider for Zee TV - India's first Hindi

satellite channel. Zee Telefilms Limited (ZTL) is now known as Zee Entertainment

Enterprises Limited (ZEE).

Very early in the aftermath of launching ZTL, Subhash Chandra entered into a joint venture

with the STAR group of companies. This pact was to augment television broadcasting in

India and deliver higher quality of programming content. In another development around the

same time, media mogul, Rupert Murdoch's News Corp Limited acquired the rights to

distribute STAR's satellite TV content. This made News Corp a de facto partner of ZEE. To

strengthen their network further, ZEE and News Corp co-founded Siticable, a leading cable

MSO. In March 2000 however, ZEE bought News Corp's stake in both the broadcasting

business and Siticable.

ZEE, over the years has built a diverse portfolio of leading businesses and has driven

initiatives that increase efficiency at every juncture of development. ZEE has established a

very strong consumer connect and is governed by a set of values that holds them in good

stead in the face of changing viewer environments.

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1992 Launches Zee TV

Initial Public Offering of Zee Telefilms Limited

1995 Commences Siticable operations Joint Venture with News Corp.

Launches Zee News and Zee Cinema.

Zee TV goes global - launches Zee TV, UK

1996 Starts first cable channel in India - Siti Channel.

Launches Zee TV, Africa.

1997 Launches Zee Music (originally called Music Asia).

1998 Launches Zee TV in the US.

Institutes a prime award in the film segment called 'Zee Cine Awards'.

1999 Acquires News Corp's 50% stake in joint ventures of their television broadcasting

business tie-up.

Launches regional channels.

2000 Launches Internet over Cable services - Becomes first cable company in India to

do so.

Enters into content distribution joint ventures with MGM and Viacom.

Launches pay bouquet of channels in the Asian region.

2001 Introduces Zee TV and Zee News as pay television offerings.

'Gadar - Ek Prem Katha' became highest grossing box office movie.

2002 Acquires controlling stakes in ETC Networks Limited and Padmalaya Telefilms

Limited.

2003 Launches 5 new channels for the DTH market viz. Action cinema, Classic

cinema, MX, Premier cinema and Smile TV.

Enters into a distribution tie-up with Rajshri Pictures for theatrical distribution of

films in India.

Launches 'Trendz' - A premium fashion and style channel, targeted at the fashion

conscious Indian consumer.

2006 De-merger of Zee Telefilms Limited.

2007 Zee Entertainment Enterprises Limited (ZEE) gets listed as an independent

company.

2010 Launches Zee Khana Khazana – India's first 24-hour food channel.

Launches Zee Salaam - India's first Urdu infotainment satellite television channel

Acquires stake in Ten Sports.

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Launches Ten Cricket - a dedicated 24-hour Cricket Channel.

Launches Ten Action+ - sports channel showcasing the best football action from

around the world.

Launches India.com - Joint Venture between Zee Entertainment Enterprises Ltd.

and Mail.com Media Corporation

2011 ZEE's distribution arm, Zee-Turner Ltd, enters into a 50:50 JV with Star Den

Media Services Pvt. Ltd. to form MediaPro Enterprise India Pvt. Ltd.

Announces share buyback for an aggregate expendable amount not

exceeding 7,000 million.

2012 Launches Ditto TV - India's first and only OTT (Over-The-Top TV) Distribution

Platform

Launches Ten Golf – India's first and exclusive 24 hour Golf channel

Launches ZeeQ - India's first Kids Edutainment Channel

ZEE is

The largest producer and aggregator of Hindi programming in the world, with more

than 1 lac+ hours of original programming in its archives.

One of the most popular entertainment brands in India; was ranked 9th most popular

brand within a decade of its launch.

One of the largest Indian programming content distributors with an estimated reach of

more than 670+ million viewers in over 168 countries including USA, Canada,

Europe, Africa, the Middle East, South East Asia, Australia and New Zealand.

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BOARD   OF   DIRECTORS

&

SENIOR MANAGEMENT

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COMPOSITION AND CATEGORY OF DIRECTORS

ZEE has a balanced Board with combination of Executive and Non-Executive Directors, to

ensure independent functioning and the composition of the Board is in conformity with

Clause 49 (I)(A) of the Listing Agreements. Non-Executive Directors include independent

professionals with experience in business, finance, technology and media. Independent

Directors of the Company provide appropriate annual certifications to the Board confirming

satisfaction of the conditions of their being independent as laid down in Clause 49.

CATEGORY OF DIRECTORS NO. OF

DIRECTORS

PERCENTAGE OF TOTAL NO.

OF DIRECTORS

Executive Directors(s) 1 17%

Non-Executive Independent

Directors3 50%

Other Non-Executive Directors 2 33%

Total 6 100%

NON-EXECUTIVE DIRECTORS

Subhash Chandra, 61, is the Non-Executive Chairman of the Board and promoter of Essel

Group of Companies. Apart from the Company Mr. Chandra holds directorship in seven (7)

other Indian Public Limited Companies viz., Zee News Ltd., Dish TV India Ltd., Essel

Propack Ltd., Wire and Wireless (India) Ltd., ETC Networks Ltd., Essel Infraprojects Ltd.,

and Agrani Satellite Services Ltd. Mr. Chandra who is referred to as the Media Moghul of

India. Mr. Chandra does not hold any shares in the Company.

Ashok Kurien, 60, is a well known personality in the Advertising world. Mr. Kurien is the

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Managing Director of Ambience Publicis Advertising Private Limited, which is rated among

the best Advertising Agencies of India. He is associated with the Company since its inception

as its Promoter and Director. Apart from the Company, Mr. Kurien holds directorships in

Dish TV India Ltd., and Asian Skyshop Ltd. Mr. Kurien holds 2,042,000 equity shares

comprising of 0.47% of paid up capital in the Company.

EXECUTIVE DIRECTOR

The Managing Director (MD) and Chief Executive Officer (CEO) of Zee Entertainment

Enterprises Limited (formerly Zee Telefilms Ltd.), Mr. Punit Goenka is a dynamic leader

whose actions speak louder than words. He has also served as Director of Dish TV India Ltd.,

(Jan 2007 – April 2008). . In July 2008, soon after Punit took charge as the Chief Executive

Officer (CEO) – ZEEL. On the personal front, Mr. Punit Goenka is the eldest son of Mr.

Subhash Chandra, Chairman, Essel Group.

NON-EXECUTIVE INDEPENDENT DIRECTORS

Lord Gulam Noon MBE, 74, a British National, is an accomplished entrepreneur, who

founded Bombay Halwa Limited, a Company engaged in the business of manufacturing

Indian confectionary, Indian savories and aviation catering. Currently, he is Chairman &

Managing Director of Bombay Halwa Limited and Chairman of Noon Group of Companies.

Lord Noon neither holds directorship in any other Indian Public Limited Company nor holds

any shares in the Company.

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Dr. M. Y. Khan, 66, is a Science graduate from University of Kashmir and Doctorate of

Philosophy in Business Management (PHD) from Burkes University in UK. Mr. Khan has

been the Chairman of J&K Bank in the past, he was also a Director on the Board of Bharat

Hotels, as well as Advisor for Berenson & Company, New York. Apart from the Company,

Mr. Khan, holds directorships in Steel Authority of India Ltd. Mr. Khan does not hold any

shares in the Company.

R. Vaidyanathan, 58, a graduate from Loyola College, Madras, holds a Masters from the

Indian Statistical Institute, Calcutta and also a Fellow Member in Management (Doctorate)

from the Indian Institute of Management, Calcutta, is the Professor of Finance and Control at

the Indian Institute of Management, Bangalore and UTI Chair Professor in the area of Capital

Markets. Apart from the Company, Prof Vaidyanathan holds directorship in Zee Turner Ltd.,

(a subsidiary of the Company), Vijaya Bank Ltd. and General Optics (Asia) Ltd. Prof.

Vaidyanathan does not hold any shares in the Company.

SENIOR MANAGEMENT

Punit Goenka is currently the Managing Director (MD) and Chief Executive Officer (CEO)

of Zee Entertainment Enterprises Ltd.

Amitabh Kumar heads Technology at ZEE and is responsible for broadcasting operations of

the Company.

Atul Das is Chief Strategy Officer for Zee Entertainment Enterprises Limited (ZEE).

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Atul Pande is CEO of Sports Business supervising Ten Sports, Ten Cricket and Ten Action+.

Bharat Ranga is the Chief Content and Creative Officer at ZEE, where he oversees Content Strategy.

Hitesh Vakil, a qualified chartered Accountant with 28 years of experience, is the Chief Financial Officer (CFO) of Zee Entertainment Enterprises Limited (ZEE).

M. Lakshminarayanan, Executive Vice-President & Company Secretary is an associate member of ICSI and heads secretarial and legal functions of the Company.

Roland Landers is the head of Corporate Brand, where he is in charge of Brand and Communications for ZEE.

Sharada Sunder is Executive Vice President, Regional Channels. In this role, she heads the business of regional channels in the Hindi speaking markets.

Utpal Das is the Head of Commercial. He oversees the overall commercial functions of the Organisation, managing the company’s Operational and Capital Expenditures.

Rajendra Mehta is the Head – Human Resources.

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PRODUCTS AND SERVICES

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The Zee stable owns an integrated range of businesses. All of these in singularity adhere to

the content-to-consumer value chain model of media and entertainment business. Zee is a

pioneer in every aspect of content aggregation and distribution through traditional media like

satellite and cable and new media like the internet, in India.

BROADCASTING CABLE

PUBLISHING MOVIE PRODUCTION

Pioneer of television entertainment industry in India, Zee's well known brands include 9X,

Zee TV, Zee Cinema, Zee Premier, Zee Action, Zee Classic, Ten Sports, Ten HD, Ten Golf,

Ten Cricket, Ten Action+, Zee Smile, Zee Aflam, Zee Alwan, Zee Variasi, Zee Cafe, Zee

Studio, Zee Trendz, Zee Khana Khazana, Zee Salaam, Zee Jagran, Zing, ETC Music and

ETC Punjabi. The company also has a strong offering in the regional language domain with

channels such as Zee Marathi, Zee Bangla, Zee Bangla Cinema, Zee Punjabi, Zee Tamil, Zee

Telugu, Zee Kannada, Zee Talkies and Zee Q.

Zee News Ltd (ZNL) is a media and entertainment company and a subsidiary of the Essel

Group. The company was spun off from Zee Telefilms on 31 March 2006 and it currently

operates the following news and regional entertainment channels:

Zee News, Zee Business, Zee News UP/Utranchal, Zee 24 Ghantalu, Zee 24 Taas, 24 Ghanta,

24 Ghante Chattisgarh.

Movie Production

In 2008, Zee Networks launched Zee Motion Pictures, an independent subsidiary of Zee

Entertainment Enterprises focusing on development, production, distribution and marketing

of mainstream films in Hindi and five regional languages(Marathi, Bengali, Telugu, Kannad

aand Tamil). Zee Motion Pictures also operates Zee Limelight for modestly budgeted films

targeted at niche audiences.

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PRODUCT AND SERVICES

Different Business of ZEE

Hindi GEC, Regional GEC, Bollywood, Sports, English Entertainment, Niche

Offerings,Music, AlternateLifestyle, Indian Filmed Entertainment, International Business and

Edutainment.

ZEE Has Many 'Firsts' To Its Credit

First listed media company in India.

First to launch a Hindi General Entertainment Channel in India - Zee TV.

First to launch a Hindi Cinema Channel in India - Zee Cinema.

First to corporatise the Hindi film industry with the costliest production and the

highest grossing Hindi movie in its time - 'Gadar - Ek Prem Katha'.

First to launch a 24 hour Hindi News Channel in India - Zee News, now operating as

a separate company called Zee News Limited (ZNL).

First to set up MSO operations at a national level - Siticable, now has transferred its

business to a separate company called Wire and Wireless (India) Limited (WWIL).

First to launch a 24-hour Food Channel in India – Zee Khana Khazana.

First to launch India's Urdu infotainment channel – Zee Salaam

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FUNCTIONING OF HR DEPARTMENT

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DIFFERENT HR ACTIVITIES

Human Resource is a function in an organization which manages areas like:

Recruitment and Selection

Redundancy

Industrial and Employee Relations

Record keeping of all personal data

Total Rewards: Employee benefits and compensation

Career development

Competency Mapping

Performance Review / Appraisal

Employees Motivation Programs

HR team help companies in maintaining their;

Payroll Processing

Employee Friendly Tax Planning

Tax Bill Verification

Staff Welfare Benefits –

Gratuity, Mediclaim, Group Insurance, EDLI Insurance, Superannuation Policy

Quarterly / Yearly Processing –

Income Tax Declaration Form Roll Out

Form 16 generation (In case of F & F, Immediate)

Form 24Q generation

Other Statutory Reports like PF, PT, ESI & Income Tax

Following are the deliverables to the client;

Pay Slip - Monthly

Salary Register - Monthly

Disbursement Statements - Bank / Cheque / Cash Transfer Report - Monthly

PF

PF Challan – Monthly ,FORM 5 – Monthly, FORM 10 – Monthly ,

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FORM 12A – Monthly, FORM 3A – Annually, FORM 6A – Annually.

FORM 7 EPS – Annually,FORM8-Annually

ESI

ESI Summary ,FORM 3,FORM 6 (ESIC) - Half Yearly

Income Tax

TDS Summary – Monthly ,FORM 24Q – Quarterly,

FORM 24Q - 27BA - Challan for submitting the 24Q Report

FORM 16 & 12 BA- Annually

Professional Tax

State wise / Slab wise Statement - Monthly / Half-yearly

FORM 5 - Annual Return

.

REMUNERATION COMMITTEE AND POLICY

Terms of reference

The terms of reference of the Remuneration Committee, inter alia, consists of reviewing the

overall compensation policy, service agreements, performance incentive and other

employment conditions of Executive Director(s). The recommendations of the Remuneration

Committee are considered and approved by the Board of Directors, subject to the approval of

the shareholders, where necessary. Additionally the Remuneration Committee has been

vested with the powers for administration and implementation of ZEEL – Employees Stock

Option Scheme – 2009. The Company Secretary is the Secretary to the Committee.

Constitution

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Rajendra Mehta is the Head – Human Resources

The Remuneration Committee currently comprises of three (3) Directors and is chaired by Dr.

M.Y. Khan an Independent Director. During the year under review, three (3) Meetings of the

Remuneration Committee were held on July 21, 2011, January 21, 2012 and March 23, 2012.

Remuneration payable to Managing Director

Mr. Punit Goenka, Managing Director & CEO of the Company has been appointed on a

contractual basis in terms of resolution passed by the shareholders at the 28th AGM held on

October 29, 2010 for tenor of 5 years with effect from January 1, 2010. The annual

increments and performance incentive of the Managing Director & CEO are linked to his

performance and are decided by the Remuneration Committee.

Remuneration payable to Non-Executive Directors

The Non-Executive Directors are paid sitting fee at the rate of ` 20,000 for attending each

meeting(s) of the Board and Committees thereof, other than Share Transfer & Investors

Grievances Committee.

The Non-Executive Independent Directors of the Company do not have any other material

pecuniary relationships or transactions with the Company or its directors, senior

management, subsidiary or associate, other than in normal course of business.

OTHER BOARD COMMITTEES

Nomination Committee, ESOP Allotment Sub-Committee, Finance Sub-Committee,

Corporate Management Committee 

Compliance with Non-Mandatory requirements

Remuneration Committee, Whistle Blower Policy, Audit Qualification, Chairman's Office

MEANS OF COMMUNICATION

The Company has promptly reported all material information including declaration of

quarterly financial results, press releases, etc. to all Stock Exchanges where the securities of

the Company are listed. Such information is also simultaneously displayed immediately on

the Company's corporate website, www.zeetelevision.com. The financial results quarterly,

half yearly and annual results and other statutory information were communicated to the

shareholders by way of an advertisement in a English newspaper viz. 'Daily News & Analysis

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(DNA)' and in a vernacular language newspaper viz. 'Punya Nagari (Marathi)' as per

requirements of the Listing Agreements. The financial and other information filed by the

Company with stock exchanges from time to time are also available on the Corporate Filing

and Dissemination System maintained by BSE and NSE and can be accessed on

www.corpfiling.co.in

Official press releases and presentations made to institutional investors or to the analysts are

displayed on Company's corporate website, www.zeetelevision.com.

Management Discussions and Analysis Report forming part of annual report is annexed

separately.

CODE OF CONDUCT

The Company has instituted a Code of Conduct for Members of the Board and Senior

Management of the Company and the compliance of the same is affirmed by the Board and

Senior Management personnel annually. The Code has also been posted on Company's

corporate website viz. www.zeetelevision.com.

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