This is something that has been repeatedly ringing in our ears but seldom materialized. But wait! Not this time. Aren’t you convinced yet? We are talking about the fastest growing production company in India, Pyramid Saimira Entertainment Limited (PSEL).

We had earlier reported that the production house is in talks with Hollywood studios to produce films in the US. Their theater division, Pyramid Saimira Theater limited (PSTL) had, earlier this year, acquired US-based Fun Asia, a premier theater chain.

While speaking to our correspondent, P.S. Saminathan, Managing Director, PSTL, said that they are in talks with three major Hollywood studios for producing full-fledged Hollywood films and had, in the process, even turned down offers to produce cross-over films as they aren’t interested in producing films of that genre. PSTL intends producing about 40 films in five different languages in the coming year, which will make them the biggest producer of movies globally.

They appear equally aggressive in expanding their theater chain and intend to become the largest chain in Asia. It is worth mentioning here that PSTL is currently India’s largest multiplex and theater chain. Their production wing, Pyramid Saimira Production Limited (PSPL), is going public and will be listed in the stock market by February 2008 for which they intend to raise Rs.150 crores by diluting 12 per cent of their equity. Now that’s called enterprising entrepreneurship at its best. We are waiting to see a Hollywood film from an Indian company soon.