UFO has been promoted by Valuable Group led by Sanjay Gaikwad & Narendra Hete and Apollo International Limited led by Raaja Kanwar. Valuable Group is, amongst other businesses, engaged in development and deployment of high technology solutions in the digital cinema space, film distribution business and delivers, stores and plays movies in private theatres of select audiences. Apollo International has different business segments such as international trading of tyres, various commodities, products and services, manufacturing and export of fashion leather garments and logistics business.