Chennai, Sep 14: Phantom Digital Effects Limited (PhantomFX), one of the leading Creative Visual Effects (VFX) Studios in India, creating stunning visual effects for a host of feature films, Web Series, and Commercials, has drawn up massive expansion plans in India and abroad with a total investment of about Rs.40 crore and decided to raise funds from the public by entering into SME IPO . “PhantomFX, a Trusted Partner Network (TPN) Certified company, is planning to spread its wings across the globe by setting up high-end digital studios that would elevate our global presence as an industry leader in the next couple of years,” said r.Bejoy Arputharaj, Founder, Managing Director, and CEO of PhantomFX) Asserting that the VFX and Animation sector is one of the fast-growing and emerging businesses with the potential to grow tremendously in the future, he said PhantomFX is gearing up to take full advantage of the industry growth and position itself as a premier VFX company globally.
The company plans to set up high-end digital studios in Hyderabad, Kochi and Tier-II cities like Coimbatore and Madurai. Plans are afoot to establish world-class Digital studios in Vancouver and Montreal in Canada, Los Angeles and Delaware in the USA, the United Kingdom, and Dubai. “We are also ambitious to explore other potential offshore markets,” he said adding, in all, “we will be investing about one million US dollars”.
