MUMBAI: Former founder chairman and managing director of Adlabs, Manmohan Shetty, and Chandir Gidwani, promoter of Centrum Capital Ltd., have picked up a majority stake in Frameboxx Animation and Visual Effects.

The newly constituted board of Frameboxx will consist of the founders Rajesh Turakhia as its managing director, and Naveen Gupta as the Executive Director and CEO.

Shetty said that Frameboxx has a bright future, knowing the track record and passion of its founders and its team, and has decided to invest in Frameboxx so that it can go ahead with its innovative plans and attain the leadership position in their domain in the country, besides unleashing the full potential of their capabilities in grooming the young Indian talent for the much-in-demand careers in animation and visual effects.

"Animation and visual effects is a sunrise field with immense growth potential in the country and skill enhancement through specialised training is the need of the hour," says Shetty.

Frameboxx, which was founded in December 2007, has already set up 25 state-of-the-art training centres across the country and another 15 are in the pipeline. The company has a team of highly trained instructors and specially designed curricula that meets the industry requirements, informed Frameboxx managing director Rajesh Turakhia.

Frameboxx also inaugurated its first-of-its-kind incubation facility in Versova, Mumbai, which would provide hands-on experience to the Frameboxx students after completion of their course, to work on live projects.

Naveen Gupta said that this incubation centre is the first-of-its-kind in the country and has been set up at a cost of Rs.5 crore, and three more would be established very soon, one each in Delhi, Bangalore, and Kolkatta.

Gupta referring to the fresh dose of investment into Frameboxx expressed confidence that they would be able to roll out their roadmap much more aggressively to be the biggest animation and visual effects training facility in the country.