About Novi Digital Entertainment Private Limited
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Novi Digital Entertainment Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Star India Private 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 online entertainment platforms segment of the internet and digital services sector. It was incorporated on 29 February 2000.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U64202MH2000PTC242292. Its GSTIN is 27AAACI6386A1ZP (Maharashtra). The company held 4 GST registrations, of which 3 are active.
The company had an authorised share capital of ₹2,000 Cr and a paid-up capital of ₹1,069.21 Cr. It was formerly known as Indya.Com Portal Private Limited and Indya Interactive Services Private Limited. It was led by directors Nishant Gaharwar (Whole-Time Director) and Piush Kothari.
Its last annual general meeting (AGM) was held on 29 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Star House Urmi Estate 95 Ganpatrao Kadam Marg Lower Parel (W), Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2023, the company reported a revenue of ₹4,413.41 Cr, a growth of 35% compared to the previous year. For the same year it recorded a net loss of ₹748.34 Cr (net margin -17%) and EBITDA of -₹384.5 Cr (EBITDA margin -8.7%). Revenue has grown at a compounded annual rate (CAGR) of 50% over five years.
The company had about 643 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: JioHotstar. Court records list 66 cases involving the company, including 30 filed by the company and 36 filed against it; 3 cases are pending. The company has 8 deals on record (3 secondary share transfers, 2 acquisitions, 2 rights issues), with disclosed funding of ₹516.65 Cr; the latest was in April 2022. The company has 18 MSME Form 1 returns on record between 2019 and 2024, listing 912 overdue payments to 78 micro and small suppliers.
The last known website on record is hotstar.com.
Company details
Name history
Novi Digital Entertainment has undergone 2 name changes throughout its history. The company was previously known as Indya.Com Portal Private Limited, and Indya Interactive Services Private Limited. The current legal name is Novi Digital Entertainment Private Limited.
| Company Name | Status |
|---|---|
| Novi Digital Entertainment Private Limited | Current |
| Indya.Com Portal Private Limited | Previous |
| Indya Interactive Services Private Limited | Previous |
CIN history
Novi Digital Entertainment has one previous CIN (Corporate Identification Number): U64202KA2000PTC026495. The current CIN is U64202MH2000PTC242292, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U64202MH2000PTC242292 | Current |
| U64202KA2000PTC026495 | Previous |
Contact details
Novi Digital Entertainment Private Limited's registered office is in Mumbai, Maharashtra. Its website is hotstar.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 (W), Mumbai, Maharashtra, India – 400013
- IndustryInternet, Online Entertainment Platforms
To see the full contact details of Novi Digital Entertainment 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
Brands
Novi Digital Entertainment operates one associated brand: JioHotstar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Movies, series, and live sports are streamed via subscriptions. | hotstar.com |
Business activity
The main business activity of Novi Digital Entertainment is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Novi Digital Entertainment Private Limited, buy the company report.
Financials of Novi Digital Entertainment Private Limited
FY 2023 filings availableNovi Digital Entertainment Private Limited reported revenue of ₹4,413.41 Cr (up 35% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 50% over five years, including 35% growth in the latest year. EBITDA fell 105% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | -₹384.5 Cr | ||||
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| Net Profit (PAT) | -₹748.34 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -8.7% | ||||
| Net Profit Margin | -17% | ||||
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To see the full financial statements and ratios of Novi Digital Entertainment Private Limited, buy the company report.
Board of directors of Novi Digital Entertainment Private Limited
Novi Digital Entertainment has 2 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Piush Kothari | Additional Director | 21 Dec 2023 | 2 Years 10 Months | As last reported |
| Nishant Gaharwar | Whole-Time Director | 08 Feb 2023 | 3 Years 8 Months | As last reported |
Auditor
Novi Digital Entertainment 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 Novi Digital Entertainment Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Novi Digital Entertainment Private Limited, buy the company report.
Deals & funding
Novi Digital Entertainment Private Limited has 8 deals on record (3 secondary share transfers, 2 acquisitions, 2 rights issues), with disclosed funding of ₹516.65 Cr; the latest was in April 2022.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2022 | Secondary share transfer | Undisclosed | Buyer: Jiostar India Private Limited Seller: Star India Private Limited & Sanjay Jain, Star India Private Limited & Rishi Gaind |
| Mar 2021 | Rights issue | ₹730.49 Cr | Investors: Jiostar India Private Limited , Star US Holdings Subsidiary LLC |
| Feb 2019 | Rights issue | ₹2,179.94 Cr | Investors: Jiostar India Private Limited , Star US Holdings Subsidiary LLC |
| Mar 2017 | Acquisition | ₹1,232.72 Cr | Buyer: Jiostar India Private Limited |
| Mar 2015 | Acquisition | ₹90 Cr | Buyer: Jiostar India Private Limited |
To see the full deal history of Novi Digital Entertainment Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Novi Digital Entertainment Private Limited has 66 court cases on record: 30 filed by Novi Digital Entertainment, 36 filed against it. 3 cases are pending and 63 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 43 | 24 | 2 |
| District courts | 15 | 6 | 1 |
| NCLT | 4 | 2 | 0 |
| NCLAT | 4 | 4 | 0 |
Cases on record (5 of 66)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed against the company by Pocket FM Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against Blue Mushroom Infozone Pvt. Ltd. | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by The Indian Performing Right Society Limited | Disposed |
| NCLAT, NCLAT New Delhi | Court case (Caveat) | Filed against the company by The Indian Performing Right Society Limited | Disposed |
| High Court of Delhi | Court case (FAO(OS) (COMM)) | Filed against the company by Pocket FM Private Limited | Disposed |
To see the full case history of Novi Digital Entertainment 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
Novi Digital Entertainment Private Limited has 18 MSME Form 1 returns on record between 2019 and 2024, listing 912 overdue payments to 78 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 78)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| N. M. Raiji and Co | |||
| Skandha Media Services Private Limited | |||
| Better Communications Private Limited | |||
| Avfx Solutions Private Limited | |||
| WLDD Private Limited |
To see the full MSME payment records of Novi Digital Entertainment Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Novi Digital Entertainment Private Limited has a workforce of 643 employees on its EPFO records as of Jan 01, 2025, across 1 active EPFO establishment.
GST
Novi Digital Entertainment has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI6386A1ZP | Maharashtra | Active | 01 Jul 2017 |
| 06AAACI6386A1ZT | Haryana | Active | 01 Jul 2017 |
| 29AAACI6386A1ZL | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Novi Digital Entertainment Private Limited, buy the company report.
Recent activity
Novi Digital Entertainment Private Limited has 19 board changes on record since 2007: 2 appointments and 17 cessations. The latest: Piush Kothari was appointed as Additional Director on 21 Dec 2023.
10 earlier events are in the company report.
News
Frequently asked questions
Novi Digital Entertainment 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.
Novi Digital Entertainment was a private limited company based in Mumbai, Maharashtra, India. The company worked in online entertainment platforms, within the internet industry. It was incorporated on 29 February 2000 and is registered under CIN U64202MH2000PTC242292. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Novi Digital Entertainment was incorporated on 29 February 2000. It is registered with the Registrar of Companies, Mumbai.
Novi Digital Entertainment had 2 directors:
- Nishant Gaharwar - Whole-Time Director
- Piush Kothari - Additional Director
The CIN (Corporate Identification Number) of Novi Digital Entertainment is U64202MH2000PTC242292. 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 Novi Digital Entertainment is at Star House Urmi Estate 95 Ganpatrao Kadam Marg Lower Parel W, Mumbai, Maharashtra, India – 400013.
Novi Digital Entertainment can be reached through the website hotstar.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Novi Digital Entertainment on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 29 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Novi Digital Entertainment is 27AAACI6386A1ZP, registered in Maharashtra. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 06AAACI6386A1ZT (Haryana), 29AAACI6386A1ZL (Karnataka).
Novi Digital Entertainment operated in the internet industry, in the online entertainment platforms segment.
Novi Digital Entertainment has 8 deals on record (3 secondary share transfers, 2 acquisitions, 2 rights issues), with disclosed funding of ₹516.65 Cr; the latest was in April 2022.