
About Esha Media Research Limited
Data last updated:
Esha Media Research Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the advertising and media services segment of the media and publishing sector. It was incorporated on 08 February 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L72400MH1984PLC322857. Its GSTIN is 27AAACL6230C2ZY (Maharashtra). The company holds 2 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 531259.
The company has an authorised share capital of ₹35 Cr and a paid-up capital of ₹7.81 Cr. It was formerly known as Laser Dot Limited. It is led by directors including Siddharth Subhash Saraf (Managing Director) and Dimple Joshi.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹2.32 Cr, a decline of 26.6% compared to the previous year. For the same year it recorded a net loss of ₹3.59 Cr (net margin -154.7%) and EBITDA of -₹3.23 Cr (EBITDA margin -139.2%).
The company is associated with 2 brands: Clipbyte and Esha Media Research. As per MCA filings, the company has satisfied charges of ₹3.53 Cr on record. Court records list 16 cases involving the company, including 10 filed by the company and 6 filed against it; 1 case is pending. The company has 35 deals on record (34 market trades, 1 acquisition); the latest was in September 2026.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website eshamediaresearch.com.
Company details
CIN history
Esha Media Research has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L72400MH1984PLC322857, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L72400MH1984PLC322857 | Current |
| L72400TG1984PLC004472 | Previous |
| L72400AP1984PLC004472 | Previous |
Contact details
Esha Media Research Limited's registered office is in Mumbai, Maharashtra. Its website is eshamediaresearch.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressT13 14 15 & 16 A Wing 2nd Floor Satyam Shopping Centre, Mg Road Ghatkopar East, Mumbai, Maharashtra, India – 400077
- IndustryMedia and Publishing, Advertising Agencies & Media Services
To see the full contact details of Esha Media Research 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
Esha Media Research operates two associated brands: Clipbyte and Esha Media Research. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Media monitoring and intelligence services are provided by Esha Media Research. | eshamedia.com | |
| Broadcast monitoring and analysis services in India. | clipbyte.com |
Business activity
The main business activity of Esha Media Research is professional, scientific and technical. In detail, this covers advertising and market research.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M6 | Advertising and market research |
To see the full business activity and turnover split of Esha Media Research Limited, buy the company report.
Financials of Esha Media Research Limited
FY 2025-26 filings availableEsha Media Research Limited reported revenue of ₹2.32 Cr (down 26.6% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue 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 | 2.32 | 3.16 | 0.14 | 0.08 | 0.20 | 0.17 | 0.10 |
| Revenue growth | -26.6% | +2157.1% | +75.0% | -60.0% | +17.7% | +70.0% | - |
| EBITDA | (3.23) | (0.57) | (0.07) | (0.17) | (0.13) | (0.07) | (0.16) |
| EBITDA margin | -139.2% | -18.0% | -50.0% | -212.5% | -65.0% | -41.2% | -160.0% |
| Profit before tax | 0.47 | (1.03) | (0.08) | (0.18) | (0.16) | (0.11) | (0.41) |
| Net profit | (3.59) | (3.63) | (0.08) | (0.18) | (0.16) | 0.04 | (0.37) |
| Net profit margin | -154.7% | -114.9% | -57.1% | -225.0% | -80.0% | +23.5% | -370.0% |
| EPS (₹) | 0.61 | (4.65) | (0.12) | (0.23) | (0.22) | 0.06 | (0.44) |
| Balance sheet | |||||||
| Total assets | (3.93) | (1.76) | 0.52 | 0.55 | 0.67 | 0.70 | 0.56 |
| Net worth | (10.44) | (10.92) | (7.29) | (7.20) | (7.02) | (6.85) | (6.90) |
| Total debt | 6.41 | 9.12 | 7.81 | 7.76 | 7.69 | 7.55 | 7.47 |
| Cash & bank | 0.07 | 0.08 | 0.00 | 0.10 | 0.10 | 0.10 | 0.10 |
| Net working capital | (4.81) | (2.85) | (0.88) | 0.38 | 0.46 | 0.46 | 0.42 |
| Cash flow | |||||||
| Cash from operations | (1.19) | (0.20) | (0.15) | (0.08) | (0.14) | (0.08) | (0.19) |
| Cash from investing | (0.21) | (0.09) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from financing | 1.39 | 0.37 | 0.06 | 0.07 | 0.14 | 0.08 | 0.25 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.82 | 0.48 | 0.58 | 0.51 | 0.70 | 0.54 | 0.42 | 1.21 |
| Revenue growth (YoY) | +17.1% | -11.1% | +38.1% | -57.9% | +84.2% | -53.0% | - | - |
| Other income | 0.00 | 0.00 | 4.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 0.99 | 0.92 | 2.70 | 1.02 | 0.96 | 0.87 | 0.89 | 1.03 |
| EBITDA | (0.17) | (0.44) | (2.12) | (0.51) | (0.26) | (0.33) | (0.47) | 0.18 |
| EBITDA margin | -20.7% | -91.7% | -365.5% | -100.0% | -37.1% | -61.1% | -111.9% | +14.9% |
| Depreciation | 0.06 | 0.06 | 0.05 | 0.03 | 0.05 | 0.06 | 0.06 | 0.01 |
| Interest | 0.07 | 0.16 | 0.11 | 0.04 | 0.03 | 0.01 | 0.32 | 0.00 |
| Profit before tax | (0.30) | (0.66) | 1.80 | (0.58) | (0.34) | (0.40) | (0.85) | 0.17 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (0.43) | 0.00 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.82 | 0.48 | 0.58 | 0.51 | 0.70 | 0.54 | 0.42 | 1.21 |
| Revenue growth (YoY) | +17.1% | -11.1% | +38.1% | -57.9% | +84.2% | -53.0% | - | - |
| Other income | 0.00 | 0.00 | 4.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 0.99 | 0.92 | 2.70 | 1.02 | 0.96 | 0.87 | 0.89 | 1.03 |
| EBITDA | (0.17) | (0.44) | (2.12) | (0.51) | (0.26) | (0.33) | (0.47) | 0.18 |
| EBITDA margin | -20.7% | -91.7% | -365.5% | -100.0% | -37.1% | -61.1% | -111.9% | +14.9% |
| Depreciation | 0.06 | 0.06 | 0.05 | 0.03 | 0.05 | 0.06 | 0.06 | 0.01 |
| Interest | 0.07 | 0.16 | 0.11 | 0.04 | 0.03 | 0.01 | 0.32 | 0.00 |
| Profit before tax | (0.30) | (0.66) | 1.80 | (0.58) | (0.34) | (0.40) | (0.85) | 0.17 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (0.43) | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2.32 | 3.16 | 0.14 | 0.08 | 0.20 | 0.17 | 0.10 |
| Revenue growth | -26.6% | +2157.1% | +75.0% | -60.0% | +17.7% | +70.0% | - |
| Other income | 4.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 5.55 | 3.73 | 0.21 | 0.25 | 0.33 | 0.24 | 0.26 |
| Employee cost | 2.13 | 1.76 | 0.06 | 0.08 | 0.06 | 0.05 | 0.05 |
| EBITDA | (3.23) | (0.57) | (0.07) | (0.17) | (0.13) | (0.07) | (0.16) |
| EBITDA margin | -139.2% | -18.0% | -50.0% | -212.5% | -65.0% | -41.2% | -160.0% |
| Depreciation | 0.19 | 0.14 | 0.01 | 0.01 | 0.02 | 0.03 | 0.25 |
| Interest | 0.19 | 0.32 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 |
| Profit before tax | 0.47 | (1.03) | (0.08) | (0.18) | (0.16) | (0.11) | (0.41) |
| Tax | 0.00 | 2.60 | 0.00 | 0.00 | 0.00 | (0.15) | (0.04) |
| Net profit | (3.59) | (3.63) | (0.08) | (0.18) | (0.16) | 0.04 | (0.37) |
| Net profit margin | -154.7% | -114.9% | -57.1% | -225.0% | -80.0% | +23.5% | -370.0% |
| EPS (₹) | 0.61 | (4.65) | (0.12) | (0.23) | (0.22) | 0.06 | (0.44) |
| 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 | 7.81 | 7.81 | 7.81 | 7.81 | 7.81 | 8.30 | 8.30 |
| Reserves & surplus | (18.25) | (18.73) | (15.10) | (15.01) | (14.83) | (15.15) | (15.20) |
| Shareholders' funds (net worth) | (10.44) | (10.92) | (7.29) | (7.20) | (7.02) | (6.85) | (6.90) |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 6.41 | 9.12 | 7.81 | 7.76 | 7.69 | 7.55 | 7.47 |
| Total debt | 6.41 | 9.12 | 7.81 | 7.76 | 7.69 | 7.55 | 7.47 |
| Total liabilities | (3.93) | (1.76) | 0.52 | 0.55 | 0.67 | 0.70 | 0.56 |
| Assets | |||||||
| Gross block | 0.77 | 1.01 | 19.00 | 19.00 | 19.00 | 0.09 | 0.37 |
| Net block | 0.48 | 0.92 | 0.04 | 0.05 | 0.07 | 0.09 | 0.12 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 0.23 | 0.14 | 0.09 | 0.02 | 0.08 | 0.09 | 0.03 |
| Cash & bank balances | 0.07 | 0.08 | 0.00 | 0.10 | 0.10 | 0.10 | 0.10 |
| Loans & advances | 0.13 | 0.04 | 0.14 | 1.37 | 1.36 | 1.35 | 1.34 |
| Total current assets | 0.43 | 0.26 | 0.23 | 1.49 | 1.54 | 1.54 | 1.47 |
| Total current liabilities | 5.24 | 3.11 | 1.11 | 1.11 | 1.08 | 1.08 | 1.05 |
| Net working capital | (4.81) | (2.85) | (0.88) | 0.38 | 0.46 | 0.46 | 0.42 |
| Total assets | (3.93) | (1.76) | 0.52 | 0.55 | 0.67 | 0.70 | 0.56 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.08 | 0.00 | 0.10 | 0.10 | 0.10 | 0.10 | 0.05 |
| Net cash from operating activities | (1.19) | (0.20) | (0.15) | (0.08) | (0.14) | (0.08) | (0.19) |
| Net cash from investing activities | (0.21) | (0.09) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net cash from financing activities | 1.39 | 0.37 | 0.06 | 0.07 | 0.14 | 0.08 | 0.25 |
| Net change in cash | 0.00 | 0.08 | (0.09) | (0.01) | 0.00 | 0.00 | 0.05 |
| Closing cash | 0.07 | 0.08 | 0.00 | 0.10 | 0.10 | 0.10 | 0.10 |
| 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 | -26.6% | +2157.1% | +75.0% | -60.0% | +17.7% | +70.0% | - |
| EBITDA growth | -466.7% | -714.3% | +58.8% | -30.8% | -85.7% | +56.3% | - |
| PBT growth | +9998.0% | -1187.5% | +55.6% | -12.5% | -45.5% | +73.2% | +92.4% |
| Net income growth | +1.1% | -4437.5% | +55.6% | -12.5% | -500.0% | +110.8% | - |
| Revenue CAGR (3Y) | +207.2% | +150.9% | -6.3% | -7.2% | +35.7% | - | -40.7% |
| EBITDA CAGR (3Y) | +166.8% | +63.7% | 0.0% | +2.0% | -70.1% | -70.4% | -63.2% |
| Profitability & leverage | |||||||
| Net income margin | +20.3% | -114.9% | -57.1% | -225.0% | -80.0% | +23.5% | -370.0% |
| Return on capital employed | -50.5% | 0.0% | 0.0% | 0.0% | 0.0% | -1.0% | 0.0% |
| Return on net worth | +321.1% | 0.0% | 0.0% | 0.0% | 0.0% | +4.4% | 0.0% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | -5.56 | -45.07 | 0.00 | 0.00 | -6.67 | -10.00 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.61 | 0.32 | 0.01 | 0.00 | 0.02 | 0.74 | 0.16 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 12.54 | 27.48 | 2.55 | 1.60 | 2.35 | 2.83 | 6.67 |
| EPS (₹) | 0.61 | (4.65) | (0.12) | (0.23) | (0.22) | 0.06 | (0.44) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | (13.38) | (13.99) | (9.35) | (9.23) | (9.00) | (8.26) | (8.32) |
To see the full year-wise statements and ratios of Esha Media Research Limited, buy the company report.
Board of directors of Esha Media Research Limited
Esha Media Research has 5 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dimple Joshi | Additional Director | 13 Feb 2026 | 0 Years 9 Months | Current |
| Ashok Kumar Thakur Also directs: H.G. Infra Engineering Limited (Part IX), Navkar Corporation Limited, Choice International Limited and 2 more | Additional Director | 22 Apr 2026 | 0 Years 6 Months | Current |
| Siddharth Subhash Saraf Also directs: Akasa Beverages LLP, Bodhi Media Network Private Limited, Marine Consultants and Engineers Private Limited and 2 more | Managing Director | 22 Apr 2026 | 0 Years 6 Months | Current |
| Reena Unmesh Wagh Also directs: Mangalam Global Enterprise Limited, Choice Finserv Private Limited | Additional Director | 22 Apr 2026 | 0 Years 6 Months | Current |
| Rakesh Kumar Mudgal | Additional Director | 22 Apr 2026 | 0 Years 6 Months | Current |
Auditor
Esha Media Research Limited is audited by N S V R & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N S V R & Associates LLP | FY 2023 | 008801S/S200060 |
Shareholding
Shareholding for the quarter ended Mar 2026: promoters hold 50.30%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 49.70%.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 50.30% | 28.00% | 28.10% | 28.30% |
| Public | 49.70% | 72.00% | 71.90% | 71.70% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Nov 2007 | 10086473 | Icici Bank Limited | ₹40.5 Lakh | Satisfied | |
| 24 Jan 1994 | 90257923 | Idbi | ₹2 Cr | Satisfied | |
| 03 Jun 1991 | 90259536 | Vijaya Bank | ₹16.1 Lakh | Satisfied | |
| 19 Feb 1991 | 90257700 | A.P.S.F.C. | ₹15.8 Lakh | Satisfied | |
| 07 Apr 1990 | 90257645 | A.P.S.F.C. | ₹1.85 Lakh | Satisfied |
To see the full charge records of Esha Media Research Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Esha Media Research Limited has 35 deals on record (34 market trades, 1 acquisition); the latest was in September 2026.
Deals on record (5 of 35)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2025 | Market trade | ₹28.6 Lakh | Buyer: Nivesh Consultancy Private Limited |
| Oct 2025 | Market trade | ₹25.2 Lakh | Seller: Neo Apex Venture LLP |
| Oct 2025 | Market trade | ₹1.04 Cr | Buyer: Neo Apex Venture LLP , Nivesh Consultancy Private Limited Seller: Shridhar P Iyer (Huf), Multiplier Share and Stock Advisors Private Limited , Pace Stock Broking Services Private Limited |
| Jul 2024 | Market trade | ₹37.5 Lakh | Buyer: Opulus Bizserve Private Limited , 2 individuals Seller: Multiplier Share and Stock Advisors Private Limited , an individual |
| Jul 2024 | Market trade | ₹45.9 Lakh | Buyer: Media Eagle Research LLP , an individual Seller: 3 individuals |
To see the full deal history of Esha Media Research 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
Esha Media Research Limited has 16 court cases on record: 10 filed by Esha Media Research, 6 filed against it. 1 case is pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 1 | 1 |
| District courts | 7 | 5 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TELANGANA | Company petition | Filed by the company against M/S.Andhra Printers Ltd | Disposed |
| High Court, TELANGANA | Court case (ITTA) | Filed by the company against Deputy Commissioner of Income Tax | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed against the company by an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed against the company by an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed against the company by an individual | Disposed |
To see the full case history of Esha Media Research 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 Esha Media Research Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Esha Media Research has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACL6230C2ZY | Maharashtra | Active | 21 Jul 2017 |
To see the full GST registrations and return filing status of Esha Media Research Limited, buy the company report.
Recent activity
Esha Media Research Limited has 25 board changes on record since 1984: 17 appointments and 8 cessations. The latest: Ashok Kumar Thakur was appointed as Additional Director on 22 Apr 2026.
48 earlier events are in the company report.
News
Frequently asked questions
Esha Media Research is an active public limited company based in Mumbai, Maharashtra, India. The company works in advertising agencies and media services, within the media and publishing industry. It was incorporated on 08 February 1984 (42+ years old) and is registered under CIN L72400MH1984PLC322857. Listed on BSE: 531259.
Esha Media Research reported revenue of ₹2.32 Cr for FY 2025-26 (down 26.6% YoY) based on standalone financials.
Esha Media Research has 5 current directors:
- Siddharth Subhash Saraf - Managing Director
- Dimple Joshi - Additional Director
- Ashok Kumar Thakur - Additional Director
- Reena Unmesh Wagh - Additional Director
- Rakesh Kumar Mudgal - Additional Director
The latest financial statements of Esha Media Research on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Esha Media Research is 27AAACL6230C2ZY, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Esha Media Research is L72400MH1984PLC322857. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Esha Media Research is a listed company as per MCA records. Its shares are listed on BSE (code: 531259).
Esha Media Research has 16 court cases on record: 10 filed by the company and 6 filed against it. 1 is pending. Most are in the high courts.
Esha Media Research was incorporated on 08 February 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.
Esha Media Research has 35 deals on record (34 market trades, 1 acquisition); the latest was in September 2026.

