About Gaana
Gaana is a publicly listed company based in Noida (India) founded in 2010 by Jai Thade and Avinash Mudaliar, and was acquired by Entertainment Network India in August 2024. Gaana is operated as a music streaming platform. It operates on a Freemium and Subscription Services model. Gaana has raised $242.04 million across 4 funding rounds from investors including Tencent, Times Internet and Micromax Informatics. Gaana has completed 1 acquisition, including MusicFellas. Gaana was last valued at $558.95 million in June 2021. Its website gaana.com draws about 12.4 million monthly visits. Its Indian entity Entertainment Network (India) Limited reported revenue of βΉ598 Cr. Gaana offers products and services including Music Streaming, Podcasts, and Radio. Its focus areas include Technology, Digital Media and Music Streaming. Its competitors include JioSaavn, OK Listen and Damroo; 1 of its 3 listed competitors has raised funding.
Company details
Gaana is managed as a leading music streaming platform offering over 30 million songs across diverse languages including Hindi, English, and regional tracks. It is supported by features like podcasts, online radio, and curated playlists. The platform serves various sectors such as entertainment and digital media, providing solutions for music streaming and content discovery. Users are enabled to stream or download songs for anytime access.
- Headquarters Noida, India
- Founders Jai Thade, Avinash Mudaliar
- Stage Acquired
- SectorsMedia & Entertainment
- Website category Arts and Entertainment · Music
- Emailβ’β’β’β’β’β’β’β’
- Website gaana.com
- Social LinkedIn X Facebook
- Acquired by Entertainment Network India (Aug 2024)
- Legal Name Entertainment Network India Ltd.
- Date of Incorporation 24 Jun, 1999
- Jurisdiction Mumbai, Maharashtra, India
- Market Cap₹414 Cr
ENIL · NSE
- Share Price₹85.86
-1.24% today
- Revenue₹565 Cr
FY 2025-26 · +3.9% YoY
- EBITDA₹35.26 Cr
Margin 6.2%
- Net Profit₹1.94 Cr
FY 2025-26 · -68.6% YoY
- P/E (TTM)314.4x
P/B 0.6x
- Total Equity Funding$242.04M (USD)
in 4 rounds
- Latest Funding Round$40M (USD), Series C
Jun 2021
- InvestorsTencent
& 3 more
- Investments & Acquisitions
- Acquired byEntertainment Network India
(Aug 2024)
Associated legal entities of Gaana
Gaana is associated with 2 registered companies on The Company Check; the primary company is Entertainment Network (India) Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Entertainment Network (India) Limited Listed CIN L92140MH1999PLC120516 | Active | 24 Jun 1999 | Mumbai, Maharashtra | ₹598 Cr | 948 | 8 | View details |
| Gamma Gaana Limited CIN U72900DL2012PLC241148 | Active | 27 Aug 2012 | New Delhi, Delhi | ₹8.1 Cr | 13 | 6 | View details |
Products & Services of Gaana
Gaana offers a comprehensive portfolio of products and services, including Music Streaming, Podcasts, and Radio.
Music streaming service with over 30 million songs.
Podcasts covering stories, motivation, and suspense genres.
Online radio streaming for diverse music genres.
Funding Insights of Gaana
Gaana has successfully raised a total of $242.04M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $40 million completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $242.04M
- Total Rounds 4
- Last Round Series C β $40M
- Investors Count 3
All 4 funding rounds of Gaana with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2021 | $40M | Series C | $558.95M | Tencent | β |
| Aug 2020 | $51.22M | Series C | $537.49M | Tencent | |
| Feb 2018 | $150.81M | Series C | $β’β’β’β’β’ | Tencent | β |
| Oct 2015 | Seed | β | Micromax Informatics | β |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2021 | $558.95M | β’β’β’β’β’β’β’β’ |
| Aug 2020 | $537.49M | β’β’β’β’β’β’β’β’ |
| Feb 2018 | $β’β’β’β’β’ | β’β’β’β’β’β’β’β’ |
Full valuation and stage history of Gaana
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $558.95M (Jun 2021). 4 investors in total: 4 institutional.
Investors in Gaana
Gaana has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include Tencent, Times Internet and Micromax Informatics.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Value-added internet, mobile, and telecom services are provided in China. | 1998 | tencent.com | Shenzhen, China | |
Manufacturer of consumer electronics and home appliances | 2000 | micromaxinfo.com | Gurugram, India | |
Provider of digital content, advertising solutions, and technology services | 1999 | timesinternet.in | Gurugram, India | |
Radio broadcasting and experiential marketing services are provided. | 1999 | enil.co.in | Mumbai, India |
Investor details for Gaana
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Entertainment Network (India) Limited (Gaana)
Entertainment Network (India) Limited is the primary company behind Gaana. The boards of the 2 registered companies of Gaana currently have 10 directors; the longest-serving is Vineet Jain, appointed in 2007. 36 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vineet Jain DIN 00003962 | Director | 19 Jan 2007 | 19 yrs 9 mo | Entertainment Network (India) Limited |
| Richard Blaise Sebastian Saldanha DIN 00189029 | Director | 23 Nov 2010 | 15 yrs 10 mo | Entertainment Network (India) Limited |
| Sukanya Kripalu DIN 06994202 | Director | 23 May 2018 | 8 yrs 5 mo | Entertainment Network (India) Limited |
| Subramanian Narayanan DIN 03083775 | Director | 02 Nov 2018 | 7 yrs 11 mo | Entertainment Network (India) Limited |
| Mehul Shah DIN 10441227 | Director | 02 Jan 2024 | 2 yrs 9 mo | Gamma Gaana Limited |
| Yatish Gopendranath Mehrishi DIN 10039757 | Director | 02 Jan 2024 | 2 yrs 9 mo | Gamma Gaana Limited |
| Mohit Gupta DIN 06427582 | Director | 19 Mar 2024 | 2 yrs 7 mo | Entertainment Network (India) Limited |
| Vivek Sriram DIN 10531858 | Director | 31 Jul 2024 | 2 yrs 2 mo | Entertainment Network (India) Limited |
| Sufal Agrawal DIN 10862300 | Additional Director | 07 Apr 2025 | 1 yr 6 mo | Gamma Gaana Limited |
| Rachna Burman DIN 06936821 | Additional Director | 04 Jul 2025 | 1 yr 3 mo | Gamma Gaana Limited |
People of Gaana
20 people are tracked at Gaana (5 in leadership, 15 in team).
| Name | Role | Group |
|---|---|---|
Jai Thade | Co-Founder | Leadership |
Avinash Mudaliar | Co-Founder | Leadership |
Priyanka Pal | Regional Head- North & East | Leadership |
Rishi kant Shrotriya | Director Sales & Partnerships | Leadership |
Amit Gupta | Regional Head | Leadership |
Rahul Saxena | Engineering Manager | Team |
Arun Vohra | DevOps Engineer | Team |
Bikram Bikrant | Engineering Manager | Team |
Gautam Rana | Software Test Engineer | Team |
Lovish Pandey | Senior Software Engineer (android) | Team |
Vidushi Bhadola | QA Engineer | Team |
Shitij Sood | UI UX Designer | Team |
Dhananjay Chakarvarty | Software Developer | Team |
Vivek Kaul | Growth partnerships & OEM Alliances | Team |
Parth Saini | Podcast Designer | Team |
Anuveksha Mishra | Content Moderator at GAANA | Team |
Garima Girotra | Senior Executive-brand Solutions | Team |
Manjula Chauhan | Content Presenter | Team |
Laxmi Suri | Sales Manager | Team |
Meenakshi Rawat | Team Lead – Content Management & Ingestion | Team |
Complete people profiles for Gaana
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Gaana
Gaana is a publicly listed company on the NSE with ticker symbol ENIL in India, operating in the Entertainment sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- Listed onNSE: ENIL
- Listed entityEntertainment Network (India) Limited
- Exchange sectorEntertainment
Financials of Gaana
Exchange-reported figures of Entertainment Network (India) Limited, the listed company behind Gaana (NSE: ENIL).
Financial Highlights
FY 2025-26 Β· ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 565 | 544 | 538 | 511 | 319 | 272 | 548 |
| Revenue growth | +3.9% | +1.1% | +5.3% | +60.3% | +17.3% | -50.4% | - |
| EBITDA | 35.26 | 78.56 | 106 | (87.99) | 42.08 | (55.55) | 125 |
| EBITDA margin | +6.2% | +14.4% | +19.7% | -17.2% | +13.2% | -20.4% | +22.9% |
| Profit before tax | (31.13) | 19.03 | 39.70 | (169) | (44.98) | (155) | 15.07 |
| Net profit | 1.94 | 6.17 | 29.39 | (167) | (37.59) | (42.10) | 7.99 |
| Net profit margin | +0.3% | +1.1% | +5.5% | -32.6% | -11.8% | -15.5% | +1.5% |
| EPS (βΉ) | (1.55) | 2.42 | 6.81 | (34.58) | (7.62) | (23.18) | 2.25 |
| Balance sheet | |||||||
| Total assets | 943 | 963 | 973 | 797 | 1,005 | 1,000 | 1,130 |
| Net worth | 758 | 776 | 771 | 592 | 761 | 802 | 917 |
| Total debt | 171 | 177 | 193 | 197 | 235 | 0.00 | 0.00 |
| Cash & bank | 40.24 | 31.28 | 80.48 | 25.78 | 11.91 | 10.47 | 4.10 |
| Net working capital | 39.83 | 19.83 | 18.66 | (195) | 59.69 | 30.91 | 24.22 |
| Cash flow | |||||||
| Cash from operations | 85.62 | 25.54 | 127 | 114 | 40.45 | 30.76 | 119 |
| Cash from investing | (16.35) | (30.47) | (40.60) | (59.15) | 6.06 | 12.53 | (92.40) |
| Cash from financing | (51.85) | (46.97) | (39.71) | (42.99) | (45.07) | (36.91) | (46.34) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 114 | 142 | 165 | 141 | 117 | 158 | 159 | 114 |
| Revenue growth (YoY) | -2.8% | -10.2% | +3.8% | +24.3% | +3.0% | - | - | - |
| Other income | 8.43 | 11.35 | 6.66 | 6.75 | 7.96 | 11.62 | 6.58 | 10.55 |
| EBITDA | 9.03 | 9.07 | 7.25 | 11.38 | 7.58 | 29.45 | 30.47 | 11.13 |
| EBITDA margin | +8.1% | +6.4% | +4.4% | +8.3% | +6.6% | +18.8% | +19.4% | +9.9% |
| Depreciation | 21.59 | 21.50 | 22.03 | 20.73 | 20.50 | 21.81 | 21.30 | 20.04 |
| Interest | 3.34 | 3.67 | 3.75 | 3.59 | 3.33 | 3.51 | 3.44 | 3.48 |
| Profit before tax | (7.47) | (4.75) | (11.87) | (6.19) | (8.29) | 15.75 | 12.31 | (1.84) |
| Tax | (1.47) | (13.03) | (5.56) | (2.11) | (3.03) | 3.58 | 3.05 | 2.21 |
| Net profit | (6.00) | 8.28 | (6.31) | (4.08) | (5.26) | 12.17 | 9.26 | (4.05) |
| EPS (βΉ) | (1.26) | 1.73 | (1.32) | (0.86) | (1.10) | 2.55 | 1.94 | (0.85) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 547 | 526 | 520 | 487 | 306 | 267 | 541 |
| Revenue growth | +4.0% | +1.3% | +6.7% | +59.2% | +14.7% | -50.6% | - |
| EBITDA | 30.53 | 72.52 | 97.22 | (108) | 42.66 | (58.00) | 124 |
| EBITDA margin | +5.6% | +13.8% | +18.7% | -22.2% | +13.9% | -21.7% | +22.9% |
| Profit before tax | (29.68) | 18.59 | 34.49 | (178) | (36.36) | (153) | 18.81 |
| Net profit | 4.05 | 6.37 | 25.72 | (160) | (28.40) | (37.91) | 11.56 |
| Net profit margin | +0.7% | +1.2% | +5.0% | -32.9% | -9.3% | -14.2% | +2.1% |
| EPS (βΉ) | (1.18) | 2.48 | 5.90 | (36.41) | (5.76) | (22.92) | 3.05 |
| Balance sheet | |||||||
| Total assets | 926 | 949 | 955 | 792 | 970 | 1,002 | 1,124 |
| Net worth | 756 | 773 | 769 | 594 | 772 | 804 | 918 |
| Total debt | 156 | 167 | 178 | 190 | 0.00 | 0.00 | 0.00 |
| Cash & bank | 20.57 | 12.61 | 62.03 | 8.88 | 4.98 | 5.59 | 2.02 |
| Net working capital | 21.33 | 0.62 | (0.98) | (209) | 40.72 | 30.90 | 27.79 |
| Cash flow | |||||||
| Cash from operations | 67.24 | 22.26 | 144 | 110 | 39.33 | 30.13 | 118 |
| Cash from investing | (17.87) | (31.07) | (53.14) | (73.25) | (2.39) | 8.48 | (96.29) |
| Cash from financing | (45.14) | (40.61) | (37.88) | (33.12) | (37.54) | (35.04) | (40.82) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 111 | 139 | 160 | 135 | 113 | 154 | 154 | 110 |
| Revenue growth (YoY) | -2.0% | -9.4% | +4.0% | +23.7% | +3.2% | - | - | - |
| Other income | 8.24 | 11.13 | 6.46 | 6.50 | 7.82 | 11.34 | 6.24 | 10.39 |
| Total expenses | 102 | 131 | 154 | 125 | 107 | 125 | 125 | 99.75 |
| EBITDA | 8.79 | 8.43 | 5.64 | 10.28 | 6.19 | 28.41 | 28.39 | 9.76 |
| EBITDA margin | +8.1% | +6.1% | +3.6% | +7.8% | +5.6% | +18.6% | +18.7% | +9.0% |
| Depreciation | 20.01 | 19.98 | 20.48 | 19.24 | 19.09 | 20.35 | 19.89 | 18.64 |
| Interest | 3.03 | 3.40 | 3.45 | 3.28 | 3.19 | 3.34 | 3.25 | 3.26 |
| Profit before tax | (6.01) | (3.82) | (11.83) | (5.74) | (8.27) | 16.06 | 11.49 | (1.75) |
| Tax | (1.51) | (13.10) | (5.63) | (2.17) | (3.13) | 3.52 | 2.97 | 2.12 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 114 | 142 | 165 | 141 | 117 | 158 | 159 | 114 |
| Revenue growth (YoY) | -2.8% | -10.2% | +3.8% | +24.3% | +3.0% | - | - | - |
| Other income | 8.43 | 11.35 | 6.66 | 6.75 | 7.96 | 11.62 | 6.58 | 10.55 |
| EBITDA | 9.03 | 9.07 | 7.25 | 11.38 | 7.58 | 29.45 | 30.47 | 11.13 |
| EBITDA margin | +8.1% | +6.4% | +4.4% | +8.3% | +6.6% | +18.8% | +19.4% | +9.9% |
| Depreciation | 21.59 | 21.50 | 22.03 | 20.73 | 20.50 | 21.81 | 21.30 | 20.04 |
| Interest | 3.34 | 3.67 | 3.75 | 3.59 | 3.33 | 3.51 | 3.44 | 3.48 |
| Profit before tax | (7.47) | (4.75) | (11.87) | (6.19) | (8.29) | 15.75 | 12.31 | (1.84) |
| Tax | (1.47) | (13.03) | (5.56) | (2.11) | (3.03) | 3.58 | 3.05 | 2.21 |
| Net profit | (6.00) | 8.28 | (6.31) | (4.08) | (5.26) | 12.17 | 9.26 | (4.05) |
| EPS (βΉ) | (1.26) | 1.73 | (1.32) | (0.86) | (1.10) | 2.55 | 1.94 | (0.85) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 565 | 544 | 538 | 511 | 319 | 272 | 548 |
| Revenue growth | +3.9% | +1.1% | +5.3% | +60.3% | +17.3% | -50.4% | - |
| Other income | 32.71 | 38.02 | 29.02 | 26.37 | 16.82 | 19.09 | 13.39 |
| Total expenses | 530 | 466 | 433 | 599 | 277 | 328 | 423 |
| Employee cost | 0.00 | 141 | 152 | 189 | 111 | 92.52 | 135 |
| EBITDA | 35.26 | 78.56 | 106 | (87.99) | 42.08 | (55.55) | 125 |
| EBITDA margin | +6.2% | +14.4% | +19.7% | -17.2% | +13.2% | -20.4% | +22.9% |
| Depreciation | 84.75 | 83.41 | 79.80 | 90.02 | 86.55 | 99.23 | 104 |
| Interest | 14.35 | 14.14 | 15.38 | 17.49 | 17.33 | 18.91 | 19.49 |
| Profit before tax | (31.13) | 19.03 | 39.70 | (169) | (44.98) | (155) | 15.07 |
| Tax | (23.73) | 7.07 | 6.72 | (4.50) | (8.77) | (44.08) | 4.37 |
| Net profit | 1.94 | 6.17 | 29.39 | (167) | (37.59) | (42.10) | 7.99 |
| Net profit margin | +0.3% | +1.1% | +5.5% | -32.6% | -11.8% | -15.5% | +1.5% |
| EPS (βΉ) | (1.55) | 2.42 | 6.81 | (34.58) | (7.62) | (23.18) | 2.25 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 47.67 | 47.67 | 47.67 | 47.67 | 47.67 | 47.67 | 47.67 |
| Reserves & surplus | 710 | 729 | 724 | 544 | 713 | 754 | 870 |
| Shareholders' funds (net worth) | 758 | 776 | 771 | 592 | 761 | 802 | 917 |
| Minority interest | 0.91 | 1.07 | 1.13 | 0.63 | 0.30 | 0.20 | 0.00 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 171 | 177 | 193 | 197 | 235 | 0.00 | 0.00 |
| Total debt | 171 | 177 | 193 | 197 | 235 | 0.00 | 0.00 |
| Total liabilities | 943 | 963 | 973 | 797 | 1,005 | 1,000 | 1,130 |
| Assets | |||||||
| Gross block | 1,072 | 1,075 | 1,102 | 1,080 | 1,123 | 1,103 | 1,129 |
| Net block | 387 | 440 | 497 | 546 | 641 | 666 | 847 |
| Capital work in progress | 0.01 | 5.26 | 1.17 | 0.60 | 0.62 | 1.73 | 0.85 |
| Investments | 387 | 361 | 308 | 283 | 217 | 223 | 236 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 179 | 168 | 182 | 146 | 131 | 114 | 161 |
| Cash & bank balances | 40.24 | 31.28 | 80.48 | 25.78 | 11.91 | 10.47 | 4.10 |
| Loans & advances | 84.18 | 50.67 | 39.08 | 37.35 | 17.82 | 18.19 | 28.85 |
| Total current assets | 303 | 250 | 302 | 209 | 161 | 143 | 194 |
| Total current liabilities | 263 | 230 | 283 | 404 | 101 | 112 | 169 |
| Net working capital | 39.83 | 19.83 | 18.66 | (195) | 59.69 | 30.91 | 24.22 |
| Total assets | 943 | 963 | 973 | 797 | 1,005 | 1,000 | 1,130 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 18.95 | 70.86 | 23.76 | 11.90 | 10.46 | 4.08 | 23.85 |
| Net cash from operating activities | 85.62 | 25.54 | 127 | 114 | 40.45 | 30.76 | 119 |
| Net cash from investing activities | (16.35) | (30.47) | (40.60) | (59.15) | 6.06 | 12.53 | (92.40) |
| Net cash from financing activities | (51.85) | (46.97) | (39.71) | (42.99) | (45.07) | (36.91) | (46.34) |
| Net change in cash | 17.43 | (51.91) | 47.09 | 11.86 | 1.44 | 6.38 | (19.76) |
| Closing cash | 40.24 | 31.28 | 80.48 | 25.78 | 11.91 | 10.47 | 4.10 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +3.9% | +1.1% | +5.3% | +60.3% | +17.3% | -50.4% | - |
| EBITDA growth | -55.1% | -25.8% | +220.3% | -309.1% | +175.8% | -144.3% | - |
| PBT growth | - | -52.1% | +9998.0% | -276.0% | +70.9% | - | -82.0% |
| Net income growth | -68.6% | -79.0% | +117.6% | -343.8% | +10.7% | -626.9% | - |
| Revenue CAGR (3Y) | +3.4% | +19.5% | +25.6% | -2.3% | -19.9% | -20.3% | -0.5% |
| EBITDA CAGR (3Y) | - | +23.1% | - | - | -32.9% | - | -0.2% |
| Profitability & leverage | |||||||
| Net income margin | -1.3% | +2.2% | +6.1% | -32.2% | -11.4% | -40.6% | +2.0% |
| Return on capital employed | - | +2.5% | +6.2% | -16.8% | -2.8% | -6.3% | +2.9% |
| Return on net worth | - | +0.9% | +4.8% | -24.3% | -4.6% | -4.9% | +0.9% |
| Debt / equity | - | 0.24 | 0.29 | 0.32 | 0.15 | 0.00 | 0.00 |
| Long-term debt / equity | - | 0.20 | 0.25 | 0.29 | 0.14 | 0.00 | 0.00 |
| Interest cover | -29.00 | -291.55 | 59.02 | -9.83 | -38.97 | -12.22 | 92.06 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.49 | 0.49 | 0.46 | 0.29 | 0.24 | 0.54 |
| Inventory turnover | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | - | 3.11 | 3.28 | 3.69 | 2.60 | 1.98 | 3.18 |
| EPS (βΉ) | (1.55) | 2.42 | 6.81 | (34.58) | (7.62) | (23.18) | 2.25 |
| Dividend per share (βΉ) | 2.00 | 2.00 | 1.50 | 1.00 | 1.00 | 1.00 | 1.00 |
| Book value per share (βΉ) | 0.00 | 162.85 | 161.79 | 124.19 | 159.59 | 168.25 | 192.42 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 111 | 139 | 160 | 135 | 113 | 154 | 154 | 110 |
| Revenue growth (YoY) | -2.0% | -9.4% | +4.0% | +23.7% | +3.2% | - | - | - |
| Other income | 8.24 | 11.13 | 6.46 | 6.50 | 7.82 | 11.34 | 6.24 | 10.39 |
| Total expenses | 102 | 131 | 154 | 125 | 107 | 125 | 125 | 99.75 |
| EBITDA | 8.79 | 8.43 | 5.64 | 10.28 | 6.19 | 28.41 | 28.39 | 9.76 |
| EBITDA margin | +8.1% | +6.1% | +3.6% | +7.8% | +5.6% | +18.6% | +18.7% | +9.0% |
| Depreciation | 20.01 | 19.98 | 20.48 | 19.24 | 19.09 | 20.35 | 19.89 | 18.64 |
| Interest | 3.03 | 3.40 | 3.45 | 3.28 | 3.19 | 3.34 | 3.25 | 3.26 |
| Profit before tax | (6.01) | (3.82) | (11.83) | (5.74) | (8.27) | 16.06 | 11.49 | (1.75) |
| Tax | (1.51) | (13.10) | (5.63) | (2.17) | (3.13) | 3.52 | 2.97 | 2.12 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 547 | 526 | 520 | 487 | 306 | 267 | 541 |
| Revenue growth | +4.0% | +1.3% | +6.7% | +59.2% | +14.7% | -50.6% | - |
| Other income | 31.91 | 37.08 | 27.58 | 22.52 | 15.98 | 17.73 | 12.76 |
| Total expenses | 517 | 454 | 423 | 595 | 263 | 325 | 417 |
| Employee cost | 0.00 | 137 | 148 | 183 | 106 | 92.38 | 135 |
| EBITDA | 30.53 | 72.52 | 97.22 | (108) | 42.66 | (58.00) | 124 |
| EBITDA margin | +5.6% | +13.8% | +18.7% | -22.2% | +13.9% | -21.7% | +22.9% |
| Depreciation | 78.79 | 77.66 | 75.56 | 77.53 | 78.84 | 94.80 | 99.07 |
| Interest | 13.33 | 13.35 | 14.75 | 15.47 | 16.16 | 18.32 | 18.39 |
| Profit before tax | (29.68) | 18.59 | 34.49 | (178) | (36.36) | (153) | 18.81 |
| Tax | (24.03) | 6.79 | 6.37 | (4.73) | (8.88) | (44.13) | 4.25 |
| Net profit | 4.05 | 6.37 | 25.72 | (160) | (28.40) | (37.91) | 11.56 |
| Net profit margin | +0.7% | +1.2% | +5.0% | -32.9% | -9.3% | -14.2% | +2.1% |
| EPS (βΉ) | (1.18) | 2.48 | 5.90 | (36.41) | (5.76) | (22.92) | 3.05 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 47.67 | 47.67 | 47.67 | 47.67 | 47.67 | 47.67 | 47.67 |
| Reserves & surplus | 709 | 726 | 721 | 546 | 724 | 757 | 871 |
| Shareholders' funds (net worth) | 756 | 773 | 769 | 594 | 772 | 804 | 918 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 156 | 167 | 178 | 190 | 0.00 | 0.00 | 0.00 |
| Total debt | 156 | 167 | 178 | 190 | 0.00 | 0.00 | 0.00 |
| Total liabilities | 926 | 949 | 955 | 792 | 970 | 1,002 | 1,124 |
| Assets | |||||||
| Gross block | 1,052 | 1,060 | 1,079 | 1,069 | 1,087 | 1,096 | 1,118 |
| Net block | 371 | 427 | 480 | 536 | 605 | 659 | 835 |
| Capital work in progress | 0.01 | 5.26 | 1.17 | 0.60 | 0.60 | 1.73 | 0.85 |
| Investments | 407 | 380 | 327 | 303 | 238 | 232 | 240 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 174 | 163 | 178 | 143 | 127 | 114 | 159 |
| Cash & bank balances | 20.57 | 12.61 | 62.03 | 8.88 | 4.98 | 5.59 | 2.02 |
| Loans & advances | 83.96 | 50.25 | 38.57 | 36.80 | 17.96 | 18.11 | 28.81 |
| Total current assets | 279 | 226 | 279 | 189 | 150 | 137 | 189 |
| Total current liabilities | 258 | 225 | 280 | 398 | 109 | 107 | 162 |
| Net working capital | 21.33 | 0.62 | (0.98) | (209) | 40.72 | 30.90 | 27.79 |
| Total assets | 926 | 949 | 955 | 792 | 970 | 1,002 | 1,124 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 12.49 | 61.90 | 8.86 | 4.97 | 5.57 | 2.00 | 21.41 |
| Net cash from operating activities | 67.24 | 22.26 | 144 | 110 | 39.33 | 30.13 | 118 |
| Net cash from investing activities | (17.87) | (31.07) | (53.14) | (73.25) | (2.39) | 8.48 | (96.29) |
| Net cash from financing activities | (45.14) | (40.61) | (37.88) | (33.12) | (37.54) | (35.04) | (40.82) |
| Net change in cash | 4.22 | (49.42) | 53.04 | 3.89 | (0.60) | 3.57 | (19.41) |
| Closing cash | 20.57 | 12.61 | 62.03 | 8.88 | 4.98 | 5.59 | 2.02 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +4.0% | +1.3% | +6.7% | +59.2% | +14.7% | -50.6% | - |
| EBITDA growth | -57.9% | -25.4% | +190.2% | -352.8% | +173.6% | -147.0% | - |
| PBT growth | - | -46.1% | +9998.0% | -390.4% | +76.3% | - | -77.5% |
| Net income growth | -36.4% | -75.2% | +116.0% | -464.6% | +25.1% | -427.9% | - |
| Revenue CAGR (3Y) | +4.0% | +19.8% | +24.9% | -3.4% | -21.0% | -20.8% | -0.9% |
| EBITDA CAGR (3Y) | - | +19.4% | - | - | -32.7% | - | -0.6% |
| Profitability & leverage | |||||||
| Net income margin | -1.0% | +2.2% | +5.4% | -35.7% | -9.0% | -41.0% | +2.7% |
| Return on capital employed | - | +2.5% | +5.6% | -18.4% | -2.1% | -6.0% | +3.2% |
| Return on net worth | - | +0.8% | +4.1% | -25.4% | -3.5% | -4.4% | +1.3% |
| Debt / equity | - | 0.22 | 0.27 | 0.29 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | - | 0.20 | 0.24 | 0.26 | 0.00 | 0.00 | 0.00 |
| Interest cover | -27.62 | -259.73 | 68.10 | -8.35 | -44.67 | -11.99 | 75.25 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.49 | 0.48 | 0.45 | 0.28 | 0.24 | 0.53 |
| Inventory turnover | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | - | 3.08 | 3.24 | 3.61 | 2.54 | 1.96 | 3.16 |
| EPS (βΉ) | (1.18) | 2.48 | 5.90 | (36.41) | (5.76) | (22.92) | 3.05 |
| Dividend per share (βΉ) | 2.00 | 2.00 | 1.50 | 1.00 | 1.00 | 1.00 | 1.00 |
| Book value per share (βΉ) | 0.00 | 162.23 | 161.29 | 124.54 | 161.89 | 168.74 | 192.62 |
Investments & Acquisitions by Gaana
Gaana has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include MusicFellas.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Online marketplace for independent artists to sell songs | musicfellas.com | Delhi, India | 2011 | Feb 2014 | β’β’β’β’ |
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Timeline of Gaana
6 dated milestones of Gaana across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Gaana is founded.
- Acquisition Acquires MusicFellas.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series C, of $40.0M.
- Exit Acquired by Entertainment Network India.
Competitors of Gaana
Gaana has 3 listed competitors in our database, 1 of them funded. They include JioSaavn, OK Listen and Damroo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| jiosaavn.com | 2007 | Mumbai, India | $100M | 269 | On-demand music streaming and downloading are facilitated by JioSaavn. | |
| oklisten.com | 2012 | Mumbai, India | Online music streaming platform and music store | |||
| damroo.co | 2020 | Mumbai, India | Regional music is streamed via an app-based platform. |
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Web traffic of Gaana
The website of Gaana (gaana.com) receives about 12.4M visits a month and ranks #6,377 among all websites worldwide, #594 in Music.
- Monthly visits12.4M
▲ 15.2% vs previous month
- Unique visitors6.7M
per month
- Global rank#6,377
among all websites
- Category rank#594
Arts and Entertainment · Music
- Bounce rate48%
- Pages per visit2.1
- Average visit1 min 02 sec
- DevicesDesktop 12% Β· Mobile 88%
Websites whose visitors overlap most with Gaana. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| jiosaavn.com | 100% | 17.7M | #3,631 | View details | |
| smule.com | 96% | 19.5M | #3,278 | View details | |
| saregama.com | 94% | 2.8M | #16,260 | View details | |
| hungama.com | 93% | #66,374 | View details | ||
pendujatt.com.se | pendujatt.com.se | 84% | #10,332 | β | |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
All 40 similar websites and full traffic analytics for Gaana
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Top companies in Radio & Podcast
2 companies that operate in the same segment as Gaana (Radio & Podcast) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
An audio streaming platform for series and stories is operated. | 2018 | Bengaluru, Karnataka, India | USD 196.66 M | USD 30.62 M | 1,044 | |
Audiobooks and stories in multiple Indian languages are provided. | 2018 | Mumbai, Maharashtra, India | USD 122.32 M | USD 12.17 M | 310 |
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Related news about Gaana
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Frequently Asked Questions about Gaana
Gaana was founded in 2010 and raised its 1st funding round 5 years after it was founded.
Gaana is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Gaana is a funded company, having raised a total of $242.04M across 4 funding rounds to date.
The primary company behind Gaana, Entertainment Network (India) Limited, reported revenue of βΉ598 Cr for FY 2026, up 4% year on year.
Gaana is managed as a leading music streaming platform offering over 30 million songs across diverse languages including Hindi, English, and regional tracks. It is supported by features like podcasts, online radio, and curated playlists. The platform serves various sectors such as entertainment and digital media, providing solutions for music streaming and content discovery. Users are enabled to stream or download songs for anytime access.
Gaana offers Music Streaming, Podcasts, and Radio.
Yes, Gaana is publicly traded on NSE under the ticker symbol ENIL.
Gaana has made 1 acquisition, including MusicFellas.
Gaana has 4 investors. Key investors include Tencent, Times Internet, Micromax Informatics, and Entertainment Network India.
The valuation of Gaana is $558.95M as of Jun 2021.
Gaana is associated with 2 legal entities: Entertainment Network (India) Limited, Gamma Gaana Limited.

