Originally started by C. V. Raman, who leased a large tract of land, approximately 25 acres, from the Nawab of Arcot.
Subsequently, the premises were transferred to C. V. Raman's newly established company, 'National Theaters Limited,' with Kasi Chettiar and R. Prakash as partners.
Later NTL too would plunge into problems and C. V. Raman would launch another production company "Meenakshi Cinetone" to which the studio premises was part of.
Alagappa Chettiar as in the 1930s of the silent movie era the place was bought by noted film maker K. Subrahmanyam who set up Neptune Studios.
In 1934, the studio released the Tamil talkie movie "Pavalakodi" marking the debuts of M. K. Thyagaraja Bhagavathar, the first superstar of South India, and its director lawyer-turned-filmmaker, K. Subramaniam and the star-actress, S.D.