I tried to set backcolor to transparent by solution given at msdn but failed is there any way to make background transparent
http://msdn.microsoft.com/en-us/library/wk5b13s4(VS.71).aspx
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Yes, set the form’s TransparencyKey property. Make the BackColor the same value. You need to pick a color that won’t appear anywhere else in the form. Color.Fuchsia is a good choice, it’s a fuchsed-up color.
This isn’t a good idea for a splash screen. The point of having one is that the user can see it. The linked MSDN article is only appropriate for (some) child controls, not the form.