Asianet Communications Private Limited
About Asianet Communications Private Limited
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Asianet Communications Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Asianet Star Communications 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 television and radio broadcasting segment of the media and publishing sector. It was incorporated on 05 March 1991.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U90001MH1991PTC178157. The company has 8 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹50 Cr and a paid-up capital of ₹19.69 Cr. It was led by directors including Madhavan Kunniyur (Managing Director) and Gaurav Banerjee.
Its last annual general meeting (AGM) was held on 27 December 2017, and its latest financial statements are for the year ended 31 March 2017. 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 2017, the company reported a revenue of ₹688.87 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹217.24 Cr (net margin 31.5%) and EBITDA of ₹344.83 Cr (EBITDA margin 50.1%).
The company had about 448 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹132.98 Cr on record. Court records list 11 cases involving the company, including 6 filed by the company and 5 filed against it; 2 cases are pending. The company has 24 deals on record (22 secondary share transfers, 2 funding rounds), with disclosed funding of ₹140.61 Cr; the latest was in November 2016. Its 5 peer companies in the Media and Publishing industry (Communications, TV and Radio Broadcasting), with the same principal business activity (broadcasting and programming activities) are compared by revenue, 3 larger and 2 smaller; the largest is Alanda Media & Entertainments Private Limited with revenue of ₹772.33 Cr.
Company details
CIN history
Asianet Communications has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U90001MH1991PTC178157, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U90001MH1991PTC178157 | Current |
| U90001MH1991PLC178157 | Previous |
| U90001TN1991PLC039534 | Previous |
Contact details
Asianet Communications Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered AddressStar House Urmi Estate 95 Ganpatrao Kadam Marg Lower Parel (West), Mumbai, Maharashtra, India – 400013
- IndustryMedia and Publishing, Television & Radio Broadcasting
To see the full contact details of Asianet 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 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 Communications Private Limited, buy the company report.
Financials of Asianet Communications Private Limited
FY 2017 filings availableAsianet Communications Private Limited reported revenue of ₹688.87 Cr (up 5% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 5% in the latest year. EBITDA rose 12% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹688.87 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹344.83 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹217.24 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 50.1% | ||
| Net Profit Margin | 31.5% | ||
| 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 Communications Private Limited, buy the company report.
Board of directors and KMP of Asianet Communications Private Limited
Asianet Communications Private Limited currently reports 5 directors and 1 key managerial person. 14 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Madhavan Kunniyur Also directs: Tata Play Limited | Managing Director | 07 Apr 2000 | 26 Years 6 Months | As last reported |
| Gaurav Banerjee Also directs: Broadcast Audience Research Council, Indian Broadcasting & Digital Foundation, Indian Digital Media Industry Foundation and 3 more | Director | 09 Oct 2015 | 11 Years 0 Months | As last reported |
| Sanjeev Sethi Also directs: Cognitivedge LLP, Indicts Manufacturing India Private Limited | Director | 09 Oct 2015 | 11 Years 0 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 | 28 Feb 2017 | 9 Years 8 Months | As last reported |
| Ujwala Padmakar Wakhle | Director | 28 Apr 2014 | 12 Years 6 Months | As last reported |
| Prateek Garg Also directs: Football Sports Development Limited, Mashal Sports Private Limited, Napa Legacy Investment Advisors LLP and 4 more | Director | 28 Apr 2014 | 12 Years 6 Months | As last reported |
Peer comparison
Asianet Communications Private Limited is compared with the 5 companies closest to it by revenue in the Media and Publishing industry (Communications, TV and Radio Broadcasting), with the same principal business activity (broadcasting and programming activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Alanda Media & Entertainments Private Limited | ₹772.33 Cr (FY 2025) | 7.0% | Hyderabad, Telangana, India | |||
| Associated Broadcasting Company Private Limited | ₹772.17 Cr (FY 2025) | 7.0% | Hyderabad, Telangana, India | |||
| Eenadu Television Private Limited | ₹752.88 Cr (FY 2024) | 18.0% | Hyderabad, Telangana, India | |||
| Asianet Communications Private Limitedthis company | ₹688.87 Cr (FY 2017) | ₹217.24 Cr | 31.5% | 5.0% | 448 | Mumbai, Maharashtra, India |
| Zee Media Corporation Limited | ₹632.98 Cr (FY 2025) | -5.0% | Mumbai, Maharashtra, India | |||
| Entertainment Network (India) Limited | ₹582.17 Cr (FY 2025) | 3.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Asianet Communications Private Limited, buy the company report.
Auditor
Asianet Communications Private Limited is audited by S R BATLIBOI & ASSOCIATES LLP for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R BATLIBOI & ASSOCIATES LLP | FY 2017 | 101049W |
Shareholding
The shareholding of Asianet Communications Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Asianet Communications Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Nov 2009 | 10191944 | Union Bank of India | ₹25 Cr | Satisfied | |
| 31 Oct 2008 | 10131038 | Bank of Baroda | ₹17.5 Cr | Satisfied | |
| 27 Mar 2008 | 10096967 | Union Bank of India | ₹5 Cr | Satisfied | |
| 08 Feb 2007 | 10042615 | Union Bank of India | ₹2.5 Cr | Satisfied | |
| 22 Jun 2006 | 80015593 | The Federal Bank Limited | ₹15 Cr | Satisfied |
To see the full charge records of Asianet Communications Private Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Asianet Communications Private Limited has 24 deals on record (22 secondary share transfers, 2 funding rounds), with disclosed funding of ₹140.61 Cr; the latest was in November 2016.
Deals on record (5 of 24)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2016 | Secondary share transfer | Undisclosed | Buyer: Asianet Star Communication Private Limited Seller: Phulchand Sons Investments Private Limited |
| May 2014 | Secondary share transfer | Undisclosed | Buyer: SVJ Holding Limited Seller: Global Media Ventures India Private Limited , SIDOFI Communication Investments Limited |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: SVJ Holding Limited Seller: Astoria North Holdings Private Limited , Jupiter Capital, Trinity Infratech Private Limited , an individual |
| Nov 2011 | Secondary share transfer | Undisclosed | Buyer: Global Media Ventures India Private Limited Seller: Trinity Infratech Private Limited |
| Sep 2010 | Secondary share transfer | Undisclosed | Buyer: Jupiter Capital Seller: Asianet TV Holdings Private Limited |
To see the full deal history of Asianet Communications 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
Asianet Communications Private Limited has 11 court cases on record: 6 filed by Asianet Communications, 5 filed against it. 2 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 3 | 2 |
| District courts | 2 | 2 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ernakulam, Kerala | Civil suit | Filed against the company by Mm.Tv Ltd | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against Assistant Commissioner of Income Tax, | Pending |
| High Court, TAMIL NADU | Appeal | Filed against the company by an individual | Pending |
| High Court of Kerala | Writ petition | Filed against the company | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against Assistant Commissioner of Income Tax, | Disposed |
To see the full case history of Asianet 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
No delayed payments to MSME suppliers are on our record for Asianet Communications Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Asianet Communications Private Limited has a workforce of 448 employees on its EPFO records as of Mar 27, 2024, across 2 active EPFO establishments.
GST
Asianet Communications has 8 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Asianet Communications Private Limited, buy the company report.
Recent activity
Asianet Communications Private Limited has 18 board changes on record since 2000: 6 appointments and 12 cessations. The latest: Mahesh Ramachandran ceased to be Cfo(Kmp) on 31 Jan 2018.
48 earlier events are in the company report.
Frequently asked questions
Asianet 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 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 05 March 1991 and is registered under CIN U90001MH1991PTC178157. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Asianet Communications was incorporated on 05 March 1991. It is registered with the Registrar of Companies, Mumbai.
Asianet Communications had 6 directors and KMP:
- Madhavan Kunniyur - Managing Director
- Gaurav Banerjee - Director
- Sanjeev Sethi - Director
- Ujwala Padmakar Wakhle - Director
- Prateek Garg - Director
- Kevin Francis Vaz - Ceo
The CIN (Corporate Identification Number) of Asianet Communications is U90001MH1991PTC178157. 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 Communications is at Star House Urmi Estate 95 Ganpatrao Kadam Marg Lower Parel West, Mumbai, Maharashtra, India – 400013.
The latest financial statements of Asianet Communications on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 27 December 2017. Year-wise statements from 2015 are in the company report.
No. Asianet Communications has 8 GST registrations on record and all of them are cancelled or inactive.
Asianet Communications operated in the media and publishing industry, in the television and radio broadcasting segment.
Asianet Communications has 24 deals on record (22 secondary share transfers, 2 funding rounds), with disclosed funding of ₹140.61 Cr; the latest was in November 2016.
The peers of Asianet Communications by revenue are Alanda Media & Entertainments Private Limited, Associated Broadcasting Company Private Limited, Eenadu Television Private Limited, Zee Media Corporation Limited, Entertainment Network (India) Limited, all in the Media and Publishing industry (Communications, TV and Radio Broadcasting), with the same principal business activity (broadcasting and programming activities).
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