About Asianet Star Communications Private Limited
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Asianet Star Communications Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Svj Holding Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the television and radio broadcasting segment of the media and publishing sector. It was incorporated on 30 May 1996.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74300MH1996PTC206321. Its GSTIN is 27AAACV4918P1ZR (Maharashtra). The company held 7 GST registrations, of which 6 are active.
The company had an authorised share capital of ₹264 Cr and a paid-up capital of ₹249.57 Cr. It was formerly known as Vijay Television Limited and Vijay Television Private Limited. It was led by director Hyacinth Ferrao.
Its last annual general meeting (AGM) was held on 31 October 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Star House Urmi Estate 95 Ganpatrao Kadam Marg Lower Parel (West), Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2022, the company reported a revenue of ₹1,735.61 Cr, a growth of 36% compared to the previous year. For the same year it recorded a net profit of ₹650.65 Cr (net margin 37.5%) and EBITDA of ₹499.94 Cr (EBITDA margin 28.8%). Revenue has grown at a compounded annual rate (CAGR) of 7% over five years.
The company had about 395 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 1 subsidiary and 1 joint venture.
Court records list 173 cases involving the company, including 87 filed by the company and 86 filed against it; 24 cases are pending. The company has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹1,194.09 Cr; the latest was in September 2013. The company has 15 MSME Form 1 returns on record between 2019 and 2023, listing 726 overdue payments to 76 micro and small suppliers.
The last known website on record is startv.com.
Company details
Name history
Asianet Star Communications has undergone 2 name changes throughout its history. The company was previously known as Vijay Television Limited, and Vijay Television Private Limited. The current legal name is Asianet Star Communications Private Limited.
| Company Name | Status |
|---|---|
| Asianet Star Communications Private Limited | Current |
| Vijay Television Limited | Previous |
| Vijay Television Private Limited | Previous |
CIN history
Asianet Star Communications has one previous CIN (Corporate Identification Number): U74300TN1996PTC035601. The current CIN is U74300MH1996PTC206321, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74300MH1996PTC206321 | Current |
| U74300TN1996PTC035601 | Previous |
Contact details
Asianet Star Communications Private Limited's registered office is in Mumbai, Maharashtra. Its website is startv.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressStar House Urmi Estate 95 Ganpatrao Kadam Marg Lower Parel (West), Mumbai, Maharashtra, India – 400013
- IndustryMedia and Publishing, Television & Radio Broadcasting, Film & Digital Content Production
To see the full contact details of Asianet Star Communications Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Asianet Star Communications is information and communication. In detail, this covers broadcasting and programming activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J4 | Broadcasting and programming activities |
To see the full business activity and turnover split of Asianet Star Communications Private Limited, buy the company report.
Financials of Asianet Star Communications Private Limited
FY 2022 filings availableAsianet Star Communications Private Limited reported revenue of ₹1,735.61 Cr (up 36% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 36% growth in the latest year. EBITDA rose 3% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1,735.61 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹499.94 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹650.65 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 28.8% | ||||
| Net Profit Margin | 37.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Asianet Star Communications Private Limited, buy the company report.
Board of directors and KMP of Asianet Star Communications Private Limited
Asianet Star Communications Private Limited currently reports 1 director and 1 key managerial person. 18 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hyacinth Ferrao | Director | 16 Jun 2017 | 9 Years 4 Months | As last reported |
| Kevin Francis Vaz Also directs: Khar Garden Apartments Limited, Broadcast Audience Research Council, Football Sports Development Limited and 3 more | Ceo | 18 Aug 2017 | 9 Years 2 Months | As last reported |
Auditor
Asianet Star Communications Private Limited is audited by Price Waterhouse & Co Chartered Accountants LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse & Co Chartered Accountants LLP | FY 2022 | 304026E/E-300009 |
Shareholding
The shareholding of Asianet Star Communications Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Asianet Star Communications Private Limited, buy the company report.
Deals & funding
Asianet Star Communications Private Limited has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹1,194.09 Cr; the latest was in September 2013.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2013 | Secondary share transfer | Undisclosed | Buyer: SVJ Holding Limited Seller: Jupiter Capital, White Water Mass Media Private Limited |
| Sep 2010 | Secondary share transfer | Undisclosed | Buyer: Jupiter Capital Seller: Asianet TV Holdings Private Limited |
| Sep 2009 | Secondary share transfer | Undisclosed | Buyer: White Water Mass Media Private Limited Seller: Asianet TV Holdings Private Limited |
| Jan 2009 | Funding round | ₹1,194.09 Cr | Investors: SVJ Holding Limited |
| Sep 2006 | Secondary share transfer | Undisclosed | Buyer: Jiostar India Private Limited Seller: SVJ Holding Limited, 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Asianet Star Communications Private Limited has 173 court cases on record: 87 filed by Asianet Star Communications, 86 filed against it. 24 cases are pending and 149 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 154 | 73 | 21 |
| Supreme Court | 13 | 9 | 2 |
| District courts | 3 | 3 | 1 |
| NCLT | 2 | 0 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 173)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case ((TM) A) | Filed against the company by M/S Munjal Showa Limited | Disposed |
| High Court | Appeal | Filed against the company by Asianet Digital Network Private Limited, | Disposed |
| High Court | Court case ((T)OP(TM)) | Filed against the company by M/S. Munjal Showa Limited | Disposed |
| Supreme Court | Court case (1818-Ordinary Civil Matters : Appeals u/s 53 T of The Competition Act, 2002) | Filed against the company by Asian Digital Network Private Limited Having Its Office at 2A, 2Nd Floor, Carnival Technopark, Trivandrum , , Kerala | Disposed |
| High Court, TAMIL NADU | Arbitration matter | Filed by the company against Aswathi Hosieries Private Limited | Disposed |
To see the full case history of Asianet Star Communications Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Asianet Star Communications Private Limited has 15 MSME Form 1 returns on record between 2019 and 2023, listing 726 overdue payments to 76 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 76)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Desynova Digital Private Limited | |||
| Pixel Pictures Private Limited | |||
| Digitally Inspired Media Private Limited | |||
| R G B Broadcasting Equipments Private Limited | |||
| Mahesh Patira and Associates |
To see the full MSME payment records of Asianet Star Communications Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Asianet Star Communications has 1 subsidiary company and 1 joint venture. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Mashal Sports Private Limited | U92140MH1994PTC271363 |
To see the full group structure of Asianet Star Communications Private Limited, buy the company report.
Employees & EPFO
Asianet Star Communications Private Limited has a workforce of 395 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Asianet Star Communications has 7 GST registrations: 6 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACV4918P1ZR | Maharashtra | Active | 01 Jul 2017 |
| 06AAACV4918P1ZV | Haryana | Active | 01 Jul 2017 |
| 09AAACV4918P1ZP | Uttar Pradesh | Active | 01 Jul 2017 |
| 29AAACV4918P1ZN | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Asianet Star Communications Private Limited, buy the company report.
Recent activity
Asianet Star Communications Private Limited has 18 board changes on record since 2007: 2 appointments and 16 cessations. The latest: Bhavana Ashok Tikekar ceased to be Company Secretary on 31 Aug 2022.
9 earlier events are in the company report.
News
Frequently asked questions
Asianet Star Communications has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Asianet Star Communications was a private limited company based in Mumbai, Maharashtra, India. The company worked in television and radio broadcasting, within the media and publishing industry. It was incorporated on 30 May 1996 and is registered under CIN U74300MH1996PTC206321. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Asianet Star Communications was incorporated on 30 May 1996. It is registered with the Registrar of Companies, Mumbai.
Asianet Star Communications had 2 directors and KMP:
- Hyacinth Ferrao - Director
- Kevin Francis Vaz - Ceo
The CIN (Corporate Identification Number) of Asianet Star Communications is U74300MH1996PTC206321. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Asianet Star Communications is at Star House Urmi Estate 95 Ganpatrao Kadam Marg Lower Parel West, Mumbai, Maharashtra, India – 400013.
Asianet Star Communications can be reached through the website startv.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Asianet Star Communications on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 31 October 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Asianet Star Communications is 27AAACV4918P1ZR, registered in Maharashtra. The company has 7 GST registrations in all, of which 6 are active and 1 is cancelled or inactive. Other active GSTINs include 06AAACV4918P1ZV (Haryana), 09AAACV4918P1ZP (Uttar Pradesh), 29AAACV4918P1ZN (Karnataka).
Asianet Star Communications operated in the media and publishing industry, in the television and radio broadcasting segment.
Asianet Star Communications has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹1,194.09 Cr; the latest was in September 2013.
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