Having cornered international marketing rights of several titles in spiritual and devotional music in Hinduism, Jainism and Buddhism, TCL managing director Sanjay Zalani now plans to enter local retail market in audio-video albums through a chain of exclusive company showrooms all over the country.

Zalani, who was in the city, said the there has been a growing demand for Indian devotional songs as well as religious discourses in developed countries. Benefits given to software and entertainment industry in the recent budget have helped both boom at the bourses.

While major players in the field like Sony Music, T-series, Venus, Tips and Megna are closely held companies, he cited the examples of listed companies with their current share prices (within brackets) to drive home his point -- as Zee Telefilm (Rs 2,050), Adhikar Brothers (Rs140), Vatsa Music (Rs 90) and Gramophone (72). Zalani said he expected his own company, which is listed at the Bombay Stock Exchange, to turn around in the current fiscal itself.