About Nimbus Communications
Nimbus Communications is a Media & Entertainment company based in Mumbai (India) founded in 1987 by Harish Thawani. Sports events are organized, produced, and broadcast via IPTV services. Nimbus Communications has raised $170.5 million across 5 funding rounds from investors including 3i Group, Cisco Investments and Brand Capital. Nimbus Communications was last valued at $600 million in March 2010. Its Indian entity Nimbus Communications Limited reported revenue of ₹47.47 Cr. Its focus areas include Film & TV Studios, Production & Distribution and Multi-Category.
Company details
Nimbus communication is an Indian sports event organization and coverage production and broadcasting company. It specializes across the entire value chainnbsp;from origination (Event companies) to intermediary (Management amp; Marketing of Rights, Production Services, Advisory Services, Media Services, Event Management amp; sponsor services) to delivery (TV ChannelsIPTVInternet Portals). It owns two satellite sports channels viz., Neo Sports and Neo Prime. In April 2009, the company raised 125M funding from a consortium of 3 investors. In the same month its subsidiary Neo Sports Broadcast raised a funding of 50M. In March 2010, The Times Of India Group acquired an undisclosed stake in Nimbus.
- Headquarters Mumbai, India
- Founders Harish Thawani
- Stage Minicorn
- SectorsMedia & Entertainment
- Website nimbus.co.in
- Social LinkedIn
- Legal Name Nimbus Communications Limited
- Date of Incorporation 30 Jun, 1987
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹47.47 Cr
FY 2015
- Net Loss-₹12.58 Cr
FY 2015 · -26% margin
- EBITDA-₹23.28 Cr
FY 2015 · -49% margin
- Total Equity Funding$170.5M (USD)
in 5 rounds
- Latest Funding Round$2.64M (USD), Unspecified
Mar 2010
- Investors3i Group
& 4 more
Associated legal entities of Nimbus Communications
Nimbus Communications operates through Nimbus Communications Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2015) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Nimbus Communications Limited CIN U99999MH1987PLC043940 | Active | 30 Jun 1987 | Mumbai, Maharashtra | ₹47.5 Cr | 12 | 3 | View details |
Funding Insights of Nimbus Communications
Nimbus Communications has successfully raised a total of $170.5M across 5 strategic funding rounds. The most recent funding activity was a Unspecified round of $2.64 million completed in March 2010. 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 $170.5M
- Total Rounds 5
- Last Round Unspecified — $2.64M
- First Round $45.5M
(Aug 2005)
- Investors Count 5
All 5 funding rounds of Nimbus Communications 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 |
|---|---|---|---|---|---|
| Mar 2010 | $2.64M | Unspecified | $600M | – | |
| Mar 2009 | $23.91M | Unspecified | $325.03M | – | |
| Jan 2007 | $1.23M | Unspecified | $••••• | – | – |
| Dec 2006 | $125M | Private Equity Round | – | Oman Investment Fund | |
| Aug 2005 | $45.5M | Private Equity Round | – | 3i Group | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2010 | $600M | •••••••• |
| Mar 2009 | $325.03M | •••••••• |
| Jan 2007 | $••••• | •••••••• |
Full valuation and stage history of Nimbus Communications
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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- Exports
Verified entity values are shown only after access is granted.
Last known valuation $600M (Mar 2010). 5 investors in total: 4 institutional and 1 angel.
Investors in Nimbus Communications
Nimbus Communications has secured backing from 5 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include 3i Group, Cisco Investments and Brand Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in early-stage startups are made by Brand Capital. | brandcapital.co.in | Mumbai, India | ||
Private equity firm focused on mid-market businesses | 1945 | 3i.com | London, United Kingdom | |
Technology investments and expertise in networking, cloud, and security services. | 2003 | ciscoinvestments.com | San Jose, United States | |
Operates as the sovereign wealth fund for the Sultanate of Oman. | 2006 | oif.om | Muscat, Oman | |
HT Harish Thawani | unknown_84589840d7324c8e9 |
Investor details for Nimbus Communications
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Nimbus Communications Limited (Nimbus Communications)
Nimbus Communications Limited is the primary company behind Nimbus Communications. The board of Nimbus Communications Limited currently have 3 directors; the longest-serving is Vaibhav Agarwal, appointed in 2016. 25 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vaibhav Agarwal DIN 07527107 | Whole-time director | 24 May 2016 | 10 yrs 5 mo | Nimbus Communications Limited |
| Pradeep Kumar Lenka DIN 07531750 | Director | 18 Jul 2016 | 10 yrs 3 mo | Nimbus Communications Limited |
| Azmi Firoz DIN 07822203 | Director | 20 Nov 2016 | 9 yrs 11 mo | Nimbus Communications Limited |
People of Nimbus Communications
4 people are tracked at Nimbus Communications (4 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder | Leadership | |
| Leadership | ||
| Leadership | ||
| Leadership |
Complete people profiles for Nimbus Communications
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Financials of Nimbus Communications
Figures of Nimbus Communications Limited, the primary company behind Nimbus Communications, for FY 2015. Revenue was ₹47.47 Cr. Net loss was -₹12.58 Cr (-26% margin). EBITDA was -₹23.28 Cr (-49% margin).
- ₹47.47 CrRevenue · FY 2015
- -₹12.58 CrNet loss · -26% margin
- -₹23.28 CrEBITDA · -49% margin
- ₹61.50 CrPaid-up capital
- 12Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Nimbus Communications Limited are on its company page.
Detailed financial statements for Nimbus Communications
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Nimbus Communications
4 dated milestones of Nimbus Communications across 23 years, from founding to its latest funding, stage changes and deals.
- Founded Nimbus Communications is founded.
- Funding First funding round of $45.5M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Unspecified, of $2.6M.
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Frequently Asked Questions about Nimbus Communications
Nimbus Communications was founded in 1987 and raised its 1st funding round 18 years after it was founded.
Nimbus Communications is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Nimbus Communications is a funded company, having raised a total of $170.5M across 5 funding rounds to date. The company's 1st funding round was a Private Equity Round of $45.5M, raised on Aug 2005.
The primary company behind Nimbus Communications, Nimbus Communications Limited, reported revenue of ₹47.47 Cr for FY 2015.
Nimbus communication is an Indian sports event organization and coverage production and broadcasting company. It specializes across the entire value chainnbsp;from origination (Event companies) to intermediary (Management amp; Marketing of Rights, Production Services, Advisory Services, Media Services, Event Management amp; sponsor services) to delivery (TV ChannelsIPTVInternet Portals). It owns two satellite sports channels viz., Neo Sports and Neo Prime. In April 2009, the company raised 125M funding from a consortium of 3 investors. In the same month its subsidiary Neo Sports Broadcast raised a funding of 50M. In March 2010, The Times Of India Group acquired an undisclosed stake in Nimbus.
Nimbus Communications has 5 investors. Key investors include 3i Group, Cisco Investments, Brand Capital, Harish Thawani, and Oman Investment Fund.
The valuation of Nimbus Communications is $600M as of Mar 2010.
Nimbus Communications operates through Nimbus Communications Limited.
The legal entities of Nimbus Communications currently have 3 directors, including Pradeep Kumar Lenka, Vaibhav Agarwal, Azmi Firoz.