The journey started with a lot of fanfare. ML Khaitan was its director. Madangopal Kabra was its managing director. Technicians from all over India were supposed to come down and work on the latest technology. Films were to be made in both Bengali and Hindi. In short, Film Corporation Studio was established in 1937 with the promise of being an A1 institution.A studio came up on a plot of seven acres of land in Baburam Ghosh Road. Automatic laboratory, Mitchell camera, RCA sound system, facilities to do back projection — this studio had everything. There was space for simultaneously putting up six sets. The responsibility of building the studio was given to Ballardie, Thompson & Matthews. AE Pollard, the chief engineer of RCA, came down to set up the sound system. The first film made under this banner was Asha (1938, Hindi). The next production was another Hindi film titled The Rise. The third film was in Bengali — Sushil Majumdar’s hit film titled Rikta (1939). It was at Film Corporation that Pramathesh Barua first tasted success after quitting New Theatres. By then, the ownership had gone to Krishin Movietone. Barua’s 1940 film titled Shapmukti became a superhit. Rabin Majumdar made his acting debut in this film. Kedar Sharma, Hindi film’s acclaimed director, used to simultaneously direct films for New Theatres and Film Corporation. Those productions included Dil Hi Toh Hai (1939) and Chitralekha (1941).The ownership again changed hands. The new owner was Kanailal Kanoria. Work was still progressing when the World War II came as a stumbling block. The Indian Army’s film unit took over the studio in 1943. Though the studio was returned after the war, the internal squabbles between the partners ruined it. It went into liquidation. The Film Corporation’s story ended there.Though Film Corporation’s journey ended here, the studio itself survived for some more years. It returned in a new avatar as Indralok in 1947. Shares were bought by Seth Indrakumar Karnani, who was the owner of Indrapuri Studio. The studio’s responsibility went to New Theatre’s alumnus PN Roy. Among the technicians, Madhu Shil and Manna Ladia came in the sound department, Suhrid Ghosh in the camera department and Sailen Ghoshal in the laboratory department. Famous films like Bhuli Nai and Priyatama were made during this phase. PN Roy shifted out by the end of 1948. Karnani took over the complete charge. MS Subedar was appointed as the manager. Yet, the studio did not run for long. It closed down in the early 1950s. Karnani concentrated on Indrapuri Studio. Till the 1970s, this was the address of Indrapuri’s main laboratory —  United Cine Laboratory. Just like East India Studio, a portion of its land went for semi-permanent settlement. A government housing estate came up there much later.