|Shashi Gopal, chief managing director |
Kalpana Gopal, director
Madhav Das, director
Shashi Gopal founded Magnasound in 1989 with his wife Kalpana and brother-in-law Madhav Das. The three launched the company with their life savings, which totaled Rs 6 lakhs. In the early 1990s, the company gained a reputation for signing young artists like Daler Mehndi, Baba Sehgal, and Alisha Chinai, as well as acclaimed rock bands Rock Machine and 13AD Already established artists like A. R. Rahman and Asha Bhosle also released albums for the label. Magnasound began to concentrate more on classical artists. Carnatic vocalist Bombay Jayashri became its flagship classical artist when she signed with Magnasound in 1994. Magnasound was also one of the first Indian labels to concentrate on music videos, taking advantage of the new MTV India channel.
In 2003, the company was declared bankrupt and was defunct.
After Magnasound wound up in 2003, Madhav launched another label called Bayshore Music before he moved to print and edited a film magazine called South Side, for GV Films.
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