| Business Basics |
 |
|
| Company Name |
Magnificent News Production |
| Founded in |
2004 |
| Headquartered in |
Patna |
| Company website/URL |
www.magnificentbihar.com; www.magnificentjharkhand.com |
| Industry |
Media/
Entertainment |
| Stage of the company |
Scaling up |
| Source of idea |
Built hobby into a business |
| Awards & honors |
Yet to come. |
| Partnerships & Tie-ups |
Empaneled by Information and Public Relation Department, Govt. of Bihar. |
|
|
|
|
| Business description |
| News portals, video production, documentation |
|
| How does the business make money? |
| Through advertising and projects. |
|
| Team information |
| The team comprises of mediapersons having relevant experience. |
|
|
| Competition |
|
|
| Competitors |
Other news portals and video production companies. |
| How different is your product or service? It has... |
No substitutes available |
| In what way is your product or service different? |
Ours is the first-of-its-kind establishment in Bihar. |
|
|
|
|
| By The Numbers |
|
|
| |
2006 |
2007 |
| No. of employees |
0-5 |
0-5 |
| No. of locations |
0-1 |
2-5 |
| No. of customers |
2-5 |
6-15 |
| Turnover |
Did not exist |
pre revenue |
| Profits |
Did not exist |
Did not exist |
|
| Primary source of initial funding |
Personal savings |
| Primary source of additional funding |
Family & friends |
| Raised institutional capital? |
No |
|
|
|
|
| Why is this startup hot? |
| Magnificent has created niche for itself in this short span of time because it helps you to feel the pulse of fast changing Bihar. Only portal to give insight into untold stories behind everything happening in Bihar. |
|
| What keeps the team awake at night? |
| It's our pledge not to miss anything which can have even slight importance for Bihar and its people and that is why Team Magnificent is relentless in its effort 24x7. |
|
