Tips Industries Ltd has signed contracts with three of the top 10 finalists of music show "Fame Gurukul" on Sony TV - Shamit Tyagi, Mona Bhatt and Arijit Singh.

The company has entered into an Artiste Management Agreement with them under which they will undertake assignments like singing, acting in music videos, albums, films, serials or any other assignments for the company.

In case they get good offers from outside they will first have to take the consent of the music company.

Kumar Taurani of Tips refused to reveal the duration of the contracts, saying: "It is something that cannot be disclosed. I can't tell you the number of years for which we have signed them."

But it has surely opened new doors for these upcoming singers who couldn't win the "Jodi No.1" title that went to Qazi Touqeer and Ruprekha Banerjee.

When asked about the contract, Arijit, an 18-year-old boy from Murshidabad in West Bengal, sounded upbeat and said: "I am very happy with this contract. They have promised us five albums in the next five years. But it doesn't mean that we cannot work outside the company.

"We just have to inform Tips. For example, if I get an offer and decide to sing, I will have to inform the company about it. See, I am doing shows organised by other companies."

Shamit, who is 26 and finished his graduation from Kirori Mal College, Delhi, was more discreet and said: "According to the contract, I can't have a personal album; otherwise I am allowed to do playback singing for films and take up other assignments - but, of course, with the consent of Tips."

"I can tell you it's like a dream come true and I would like to be associated with Tips forever. I want the company to do well through me because if the company does well, it will trust me and give me more opportunities."

The three have been busy with stage shows because according to their initial contract with Tips, they were not supposed to take up any new assignments for three months after the "Fame Gurukul" finale.