Crystal Business System Limited - media and publishing in Delhi, India. FY 2026 financials & compliance.
CIN L92100DL1994PLC059093 Incorporated 18 May 1994 ROC Delhi HQ Delhi, India
Active Listed - BSE: 540821 Public Limited Company media and publishing
Data last updated
Market Cap
₹18.45 Cr
CRYSTAL · BSE
Share Price
₹1.85
-1.07% today
Revenue
₹8.68 Cr
FY 2025-26 · -49.6% YoY
EBITDA
₹0.38 Cr
Margin 4.4%
Net Profit
₹0.12 Cr
FY 2025-26 · -86.8% YoY
P/E (TTM)
157.4x
P/B 1.4x
ROE
0.8%
ROCE 2.6%
Debt / Equity
0.22
Interest cover 650.0x

About Crystal Business System Limited

Data last updated:

Crystal Business System Limited is a public limited company based in Delhi, India. It operates in the television and radio broadcasting segment of the media and publishing sector. It was incorporated on 18 May 1994 and has been in existence for over 32 years.

The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L92100DL1994PLC059093. Its GSTIN is 07AADCC1008Q1ZO (Delhi). It is a listed company as per MCA records. Its shares are listed on BSE: 540821.

The company has an authorised share capital of ₹10.5 Cr and a paid-up capital of ₹10.03 Cr. It was formerly known as Chirau Broadcast Network Limited and Chirau Finance Investment and Leasng Company Limited. It is led by directors including Balmukund Shyamsundar Tiwari (Managing Director) and Arpan Gupta.

Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 37 Second Floor Rani Jhansi Road Motia Khan Paharganj, Delhi, India – 110055.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹8.68 Cr, a decline of 49.6% compared to the previous year. For the same year it recorded a net profit of ₹12 Lakh (net margin 1.4%) and EBITDA of ₹38 Lakh (EBITDA margin 4.4%). The net worth stands at ₹15.1 Cr (down 0.9% YoY). Total assets are valued at ₹17.91 Cr (down 6.1% YoY).

The company is associated with 1 brand: Sadhna. Court records list 71 cases involving the company, including 19 filed by the company and 52 filed against it; 34 cases are pending. The company has 43 deals on record (43 market trades); the latest was in January 2024. Its 4 peer companies in the Media and Publishing industry (TV and Radio Broadcasting), with the same principal business activity (broadcasting and programming activities) are compared by revenue, 2 larger and 2 smaller; the largest is Bangla Entertainment Private Limited with revenue of ₹18.26 Cr.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sadhna.com.

Company details

CIN L92100DL1994PLC059093
Registration Number 059093
Incorporation Date 18 May 1994
ROC Delhi
Listing Status Listed - Listed on BSE (540821)
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

Name history

Crystal Business System has undergone 4 name changes throughout its history. The current legal name is Crystal Business System Limited.

Company NameStatus
Crystal Business System LimitedCurrent
Chirau Broadcast Network LimitedPrevious
Chirau Finance Investment And Leasng Company LimitedPrevious
Chirau Finance Investment And Leasng Company Private LimitedPrevious

CIN history

Crystal Business System has one previous CIN (Corporate Identification Number): L74899DL1994PLC059093. The current CIN is L92100DL1994PLC059093, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L92100DL1994PLC059093Current
L74899DL1994PLC059093Previous

Contact details

Crystal Business System Limited's registered office is in Delhi, Delhi. Its website is sadhna.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
  • Social Media
  • Apps
  • Registered Address
    37 Second Floor Rani Jhansi Road Motia Khan Paharganj, Delhi, India – 110055
  • Industry
    Media and Publishing, Television & Radio Broadcasting

To see the full contact details of Crystal Business System Limited, buy the company report.

Comprehensive company report
Crystal Business System Limited - one report that includes everything
  • 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
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Brands

Crystal Business System operates one associated brand: Sadhna. Each brand links to its own profile.

BrandDescriptionWebsite
Television programming and broadcasting services are provided to clients.sadhna.com

Business activity

The main business activity of Crystal Business System is information and communication. In detail, this covers broadcasting and programming activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
JInformation and communicationJ4Broadcasting and programming activities

To see the full business activity and turnover split of Crystal Business System Limited, buy the company report.

Financials of Crystal Business System Limited

FY 2025-26 filings available

Crystal Business System Limited reported revenue of ₹8.68 Cr (down 49.6% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹8.68 Cr
-49.6% YoY
EBITDA
₹0.38 Cr
-75.8% YoY
Profit After Tax
₹0.12 Cr
-86.8% YoY
Net Worth
₹15.10 Cr
-0.9% YoY
Total Assets
₹17.91 Cr
-6.1% YoY
Total Debt
₹2.82 Cr
-26.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue8.6817.2215.4118.9423.8922.4834.53
Revenue growth-49.6%+11.8%-18.6%-20.7%+6.3%-34.9%-
EBITDA0.381.570.76(0.59)(0.46)0.301.67
EBITDA margin+4.4%+9.1%+4.9%-3.1%-1.9%+1.3%+4.8%
Profit before tax0.351.360.470.250.37(0.11)1.21
Net profit0.120.910.38(0.31)0.35(0.09)0.87
Net profit margin+1.4%+5.3%+2.5%-1.6%+1.5%-0.4%+2.5%
EPS (₹)0.010.090.03(0.01)0.30(0.11)0.88
Balance sheet
Total assets17.9119.0717.5118.3320.7517.3316.85
Net worth15.1015.2415.0214.1814.5514.2414.35
Total debt2.823.832.493.205.253.092.50
Cash & bank0.260.090.550.131.000.610.06
Net working capital8.278.803.104.349.557.8910.87
Cash flow
Cash from operations0.93(3.50)0.664.971.594.433.81
Cash from investing0.351.88(0.43)(0.12)(3.87)(4.47)(0.23)
Cash from financing(1.12)1.150.20(5.72)2.280.59(3.63)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue0.920.984.600.901.581.606.463.98
Revenue growth (YoY)-41.8%-38.8%-28.8%-77.4%-59.6%-44.3%--
Other income0.050.040.130.110.100.110.130.10
Total expenses1.331.831.302.482.322.247.922.11
EBITDA(0.41)(0.85)3.30(1.58)(0.74)(0.64)(1.46)1.87
EBITDA margin-44.6%-86.7%+71.7%-175.6%-46.8%-40.0%-22.6%+47.0%
Depreciation0.070.070.040.090.090.090.120.11
Interest0.010.010.050.030.030.030.050.04
Profit before tax(0.44)(0.89)3.34(1.59)(0.76)(0.65)(1.50)1.82
Tax0.020.000.150.13(0.05)0.00(0.24)0.44

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 10 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue0.920.984.600.901.581.606.463.98
Revenue growth (YoY)-41.8%-38.8%-28.8%-77.4%-59.6%-44.3%--
Other income0.050.040.130.110.100.110.130.10
Total expenses1.331.831.302.482.322.247.922.11
EBITDA(0.41)(0.85)3.30(1.58)(0.74)(0.64)(1.46)1.87
EBITDA margin-44.6%-86.7%+71.7%-175.6%-46.8%-40.0%-22.6%+47.0%
Depreciation0.070.070.040.090.090.090.120.11
Interest0.010.010.050.030.030.030.050.04
Profit before tax(0.44)(0.89)3.34(1.59)(0.76)(0.65)(1.50)1.82
Tax0.020.000.150.13(0.05)0.00(0.24)0.44
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue8.6817.2215.4118.9423.8922.4834.53
Revenue growth-49.6%+11.8%-18.6%-20.7%+6.3%-34.9%-
Other income0.460.390.151.301.300.020.03
Total expenses8.3015.6514.6519.5324.3522.1832.86
Employee cost0.750.800.772.344.603.482.15
EBITDA0.381.570.76(0.59)(0.46)0.301.67
EBITDA margin+4.4%+9.1%+4.9%-3.1%-1.9%+1.3%+4.8%
Depreciation0.360.460.420.460.470.410.47
Interest0.130.140.020.000.000.020.02
Profit before tax0.351.360.470.250.37(0.11)1.21
Tax0.230.450.140.360.06(0.02)0.34
Net profit0.120.910.38(0.31)0.35(0.09)0.87
Net profit margin+1.4%+5.3%+2.5%-1.6%+1.5%-0.4%+2.5%
EPS (₹)0.010.090.03(0.01)0.30(0.11)0.88
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital10.0310.0310.0310.0310.0310.0310.03
Reserves & surplus5.075.214.994.154.524.214.32
Shareholders' funds (net worth)15.1015.2415.0214.1814.5514.2414.35
Secured loans0.000.000.000.000.000.000.00
Unsecured loans2.823.832.493.205.253.092.50
Total debt2.823.832.493.205.253.092.50
Total liabilities17.9119.0717.5118.3320.7517.3316.85
Assets
Gross block4.534.454.363.943.823.052.60
Net block1.181.451.821.822.161.861.83
Capital work in progress0.070.090.020.000.000.000.00
Investments5.095.358.407.717.964.870.85
Inventories0.000.000.000.000.690.871.59
Sundry debtors8.875.785.827.185.826.795.75
Cash & bank balances0.260.090.550.131.000.610.06
Loans & advances3.738.454.725.569.958.1015.09
Total current assets12.8614.3211.0912.8717.4616.3722.49
Total current liabilities4.595.527.998.537.918.4811.62
Net working capital8.278.803.104.349.557.8910.87
Total assets17.9119.0717.5118.3320.7517.3316.85
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.090.550.131.000.610.060.12
Net cash from operating activities0.93(3.50)0.664.971.594.433.81
Net cash from investing activities0.351.88(0.43)(0.12)(3.87)(4.47)(0.23)
Net cash from financing activities(1.12)1.150.20(5.72)2.280.59(3.63)
Net change in cash0.17(0.46)0.42(0.87)0.000.55(0.05)
Closing cash0.260.090.550.131.000.610.06
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-49.6%+11.8%-18.6%-20.7%+6.3%-34.9%-
EBITDA growth-75.8%+106.6%+228.8%-28.3%-253.3%-82.0%-
PBT growth-74.3%+189.4%+88.0%-32.4%+9998.0%--37.0%
Net income growth-86.8%+139.5%+222.6%-188.6%+488.9%-110.3%-
Revenue CAGR (3Y)-22.9%-10.3%-11.8%-18.1%-24.5%-25.9%-1.5%
EBITDA CAGR (3Y)--+36.3%---44.7%+23.3%
Profitability & leverage
Net income margin+1.4%+5.3%+2.1%-0.6%+1.3%-0.4%+2.5%
Return on capital employed+2.6%+8.2%+3.2%+3.4%+2.5%-0.6%+6.8%
Return on net worth+0.8%+6.0%+2.7%-2.2%+2.4%-0.8%+6.3%
Debt / equity0.220.210.190.290.290.200.31
Long-term debt / equity0.150.160.180.280.180.000.00
Interest cover650.0012.615.880.000.00-18.181.67
Efficiency & per share
Fixed asset turnover1.933.913.714.886.957.9613.90
Inventory turnover0.000.000.0054.9030.6318.2830.29
Debtors turnover1.182.972.372.913.793.592.69
EPS (₹)0.010.090.03(0.01)0.30(0.11)0.88
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)1.511.521.501.4114.5014.2014.31

To see the full year-wise statements and ratios of Crystal Business System Limited, buy the company report.

Board of directors of Crystal Business System Limited

Crystal Business System has 4 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Arpan GuptaDirector29 Jan 201412 Years 9 MonthsCurrent
Balmukund Shyamsundar TiwariManaging Director28 Nov 20223 Years 11 MonthsCurrent
Vinod AggarwalDirector16 Nov 20223 Years 11 MonthsCurrent
Vandana BirlaDirector31 May 20233 Years 5 MonthsCurrent

Peer comparison

Crystal Business System Limited is compared with the 4 companies closest to it by revenue in the Media and Publishing industry (TV and Radio Broadcasting), with the same principal business activity (broadcasting and programming activities), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Bangla Entertainment Private Limited₹18.26 Cr (FY 2025)26.0%Mumbai, Maharashtra, India
Rama Associates Private Limited₹17.78 Cr (FY 2024)22.0%New Delhi, Delhi, India
Telangana Broadcasting Private Limited₹17.58 Cr (FY 2025)-27.0%Hyderabad, Telangana, India
Udbhav Infrastructure Private Limited₹17.33 Cr (FY 2025)-68.0%Udupi, Karnataka, India
Crystal Business System Limitedthis company₹8.68 Cr (FY 2026)₹12 Lakh1.4%-49.6%Delhi, India

To see the full peer comparison of Crystal Business System Limited, buy the company report.

Auditor

Crystal Business System Limited is audited by BAS & CO. LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
BAS & CO. LLPFY 2023323347E/E300008

Shareholding

The shareholding of Crystal Business System 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Crystal Business System Limited, buy the company report.

Deals & funding

Crystal Business System Limited has 43 deals on record (43 market trades); the latest was in January 2024.

Total deals
43
Market trades
43

Deals on record (5 of 43)

WhenDealAmountParties
Jan 2024Market trade₹1.17 CrBuyer: Setu Securities Private Limited , F3 Advisors Private Limited
Seller: Setu Securities Private Limited , F3 Advisors Private Limited
Jan 2023Market trade₹42.9 LakhSeller: Sharpline Network Private Limited
Jan 2023Market trade₹1.75 CrSeller: Sadhna Bio-Oils Private Limited.
Sep 2022Market trade₹18.26 CrBuyer: Multiplier Share and Stock Advisors Private Limited , 3 individuals
Seller: Multiplier Share and Stock Advisors Private Limited , 3 individuals
Sep 2022Market trade₹2.98 CrBuyer: Multiplier Share and Stock Advisors Private Limited
Seller: Multiplier Share and Stock Advisors Private Limited

To see the full deal history of Crystal Business System Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Crystal Business System Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Crystal Business System has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
07AADCC1008Q1ZODelhiActive01 Jul 2017

To see the full GST registrations and return filing status of Crystal Business System Limited, buy the company report.

Recent activity

Crystal Business System Limited has 29 board changes on record since 1997: 17 appointments and 12 cessations. The latest: Pooja Aggarwal ceased to be CEO on 07 Feb 2024.

Filing
Crystal Business System Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Delhi I.
AGM
Crystal Business System Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Ceased
Pooja Aggarwal ceased to be CEO.
Ceased
Sakshi Wadhwa ceased to be Director.
Appointed
Vandana Birla was appointed as Director.
Appointed
Balmukund Shyamsundar Tiwari was appointed as Managing Director.
Ceased
Tajinder Kaur ceased to be Managing Director.
Ceased
Sanjeev Kumar Jha ceased to be Director.
Appointed
Vinod Aggarwal was appointed as Director.
Appointed
Sonia Sharma was appointed as CFO.
Ceased
Geetanjali Sharma ceased to be Company Secretary.
Appointed
Pooja Aggarwal was appointed as CEO.

20 earlier events are in the company report.

Frequently asked questions

Crystal Business System is an active public limited company based in Delhi, India. The company works in television and radio broadcasting, within the media and publishing industry. It was incorporated on 18 May 1994 (32+ years old) and is registered under CIN L92100DL1994PLC059093. Listed on BSE: 540821.

Crystal Business System reported revenue of ₹8.68 Cr for FY 2025-26 (down 49.6% YoY) based on standalone financials.

Crystal Business System has 4 current directors:

The latest financial statements of Crystal Business System on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Crystal Business System is 07AADCC1008Q1ZO, registered in Delhi.

The CIN (Corporate Identification Number) of Crystal Business System is L92100DL1994PLC059093. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Crystal Business System is a listed company as per MCA records. Its shares are listed on BSE (code: 540821).

Crystal Business System has 71 court cases on record: 19 filed by the company and 52 filed against it. 34 are pending. Most are in the district courts.

Crystal Business System was incorporated on 18 May 1994, making it 32+ years old. It is registered with the Registrar of Companies, Delhi.

Crystal Business System has 43 deals on record (43 market trades); the latest was in January 2024.

The peers of Crystal Business System by revenue are Bangla Entertainment Private Limited, Rama Associates Private Limited, Telangana Broadcasting Private Limited, Udbhav Infrastructure Private Limited, all in the Media and Publishing industry (TV and Radio Broadcasting), with the same principal business activity (broadcasting and programming activities).