Universal Music India acquires majority stake in TM Ventures

Universal Music India (UMI) has acquired a majority stake in TM Ventures.

UMI and TM Ventures will work across its Talent Management, Entertainment Consulting and Live Events businesses, accelerating UMI’s leadership in India’s non-film music market and providing TM’s clients with UMI’s resources locally as well as from UMG on a global scale.

Adam Granite, Executive Vice President, Market Development at UMG, said, “We are delighted to partner with Tarsame Mittal and his team at TM Ventures. Together, we will accelerate UMI’s evolution in India and South Asia, expanding the range of services we offer and accelerating our artist development activities to introduce India’s top talent to new audiences in the world.

Devraj Sanyal, MD and CEO of Universal Music India & South Asia said, “It is a great honor to line up with Tarsame, one of India’s most accomplished and respected entrepreneurs. Universal Music India and TM Ventures share a belief in developing and boosting the careers of local talent and artists. Together, with Tarsame and his excellent co-CEOs Alaap and Saurabh, we will expand the range of opportunities for Indian artists and accelerate the growth of the Indian music market, creating a new, broader service model available from UMG for all Indians. artists.”

Tarsame Mittal, Founder of TM Ventures, said: “At TM Ventures, we are delighted to begin our partnership with UMG. We’ve grown TMV so far with great care, passion and a single vision to become the company we are. We take the learnings, vision and passion to that next level of growth alongside a strong global network that shares the “artist first” belief as much as we do. UMG’s experience, structure, process, access and guidance will be the indispensable support as we work together towards our primary goal of providing world-class services and opportunities to our artists in the most transparent and the most innovative. My partners Alaap Gosher and Saurabh Abbi, our core team, are very happy to be part of the most trusted company in the music business globally. This partnership with UMG will help us get there, and we can’t wait to get started.

Alaap, co-founder of TM Ventures, said, “At TM Ventures, we have always believed in delivering the best in music and entertainment. We are delighted to carry the same conviction in our strategic partnership with UMG – a synonym for entertainment. It is rare to have found a partner as motivated as we are for excellence. It’s day ONE, and we can’t wait to get started.

Abbi, co-founder of TM Ventures, “At TM Ventures, we are delighted to have UMG as a strategic partner. It’s rare to find a partner who not only shares the same passion, but also carries an artist-driven ethos, integrity and approach to everything we envision. At TMV, we look forward to beginning this partnership and taking the leap into the next phase of growth to bring you world-class entertainment around the world.

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