ZEEL meaning in Business ?

Essel Group (alternatively referred to as the Zee Group) is an Indian conglomerate holding company and corporate promoter headquartered in Mumbai, Maharashtra, India. The company has had business interests in mass media, infrastructure and packaging. It operates the subsidiary of Zee Media Corporation.

The group has been reported to be encumbered with severe debt; a Businessworld article described the company as debt-ridden. As a result, it has conducted several assets sale including the sale of Essel Propack and stake sales of Zee Entertainment Enterprises. Founded in 1926 as the Messrs Ramgopal Indraprasad by Jagannath Goenka, the company was expanded and converted into the Essel Group of Industries by his grandson, Subhash Chandra. Chandra is part of the Goenka (Goel) family which owns and operates the group; he is also the chairman of the company and a Bharatiya Janata Party-backed member of the Rajya Sabha.