Nichani Group of Companies was established in the 1940’s in Madras which is now known as Chennai, a metropolitan city in the southern part of India. Initially the Nichani Group was financing traders, merchants and other businesses in the Madras province, which constituted of the present regions of Andhra Pradesh, Tamilnadu and some parts of Karnataka State.
In early 1950’s the group diversified into financing movie productions and distribution of movies. The group soon became one of the leading financiers of movie producers, distributors for multilingual pictures including Telugu, Kannada, Malayalam, Tamil, Hindi and Oriya languages. During the same time the Group continued to invest in real estate, industries, commerce and trading.
The group has modest real estate holdings in several cities in India which have been acquired steadily over the last few decades. The group is now co-promoting a real estate fund.
The group also branched out into Information Technology in the 1990’s. It successfully established and then sold its flagship company Exinom Technologies to NEC Solutions America in 2003. It has recently formed Axeor Solutions, its second data analytics company formed on Big Data. http://www.axeor.com
In the span of its 65 years of existence, numerous industrial and commercial establishments, start up companies, have been beneficiaries of the financial assistance given by the Nichani Group of Companies.
The Nichani Group has active businesses and investments in the following sectors:
Film Financing and Distribution
Real Estate Investments and Holdings
Real Estate Funding
Equity Investments and Holdings
In addition the group has its own charitable trust and has contributed towards building hospitals, schools, colleges, libraries.