About Independent TV Limited
Data last updated:
Independent TV Limited is a public limited company based in Navi Mumbai, Maharashtra, India, a subsidiary of Reliance Communications Limited. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the cable tv and dth services segment of the media and publishing sector. It was incorporated on 13 May 2005.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45203MH2005PLC153294. Its GSTIN is 19AADCR0351B1ZV (West Bengal). The company holds 10 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹45 Cr and a paid-up capital of ₹39.98 Cr. It was formerly known as Reliance Big Tv Private Limited and Comline Vision Limited. It is led by directors including Grace Thomas and Rachakonda Venkata Ramana.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at H Block 1st Floor Dhirubhai Ambani Knowledge City, Navi Mumbai, Maharashtra, India – 400710.
As per the financials filed for FY 2018, the company reported a revenue of ₹210.3 Cr, a decline of 45% compared to the previous year. For the same year it recorded a net loss of ₹119.38 Cr (net margin -56.8%) and EBITDA of -₹42.95 Cr (EBITDA margin -20.4%). Revenue has declined at a compounded annual rate (CAGR) of 40% over three years.
The company has about 24 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Independent TV. As per MCA filings, the company has open charges of ₹63 Lakh on record. Court records list 70 cases involving the company, including 44 filed by the company and 26 filed against it; 13 cases are pending. The company has 4 deals on record (3 secondary share transfers, 1 acquisition); the latest was in December 2018.
The last known website on record is independenttv.in.
Company details
Name history
Independent TV has undergone 5 name changes throughout its history. The current legal name is Independent Tv Limited.
| Company Name | Status |
|---|---|
| Independent TV Limited | Current |
| Reliance Big Tv Private Limited | Previous |
| Comline Vision Limited | Previous |
| Reliance Blue Magic Private Limited | Previous |
| Reliance Infrastructure Utilities Private Limited | Previous |
| Reliance Big Tv Limited | Previous |
CIN history
Independent TV has one previous CIN (Corporate Identification Number): U45203MH2005PTC153294. The current CIN is U45203MH2005PLC153294, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45203MH2005PLC153294 | Current |
| U45203MH2005PTC153294 | Previous |
Contact details
Independent TV Limited's registered office is in Navi Mumbai, Maharashtra. Its website is independenttv.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressH Block 1st Floor Dhirubhai Ambani Knowledge City, Navi Mumbai, Maharashtra, India – 400710
- IndustryMedia and Publishing, Cable TV & DTH Services
To see the full contact details of Independent TV 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
Independent TV operates one associated brand: Independent TV. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides a subscription-based satellite TV service for viewers. | independenttv.in |
Business activity
The main business activity of Independent TV is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Independent TV Limited, buy the company report.
Financials of Independent TV Limited
FY 2018 filings availableIndependent TV Limited reported revenue of ₹210.3 Cr (down 45% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 40% over three years, including a 45% fall in the latest year. EBITDA fell 236% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹210.3 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹42.95 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹119.38 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -20.4% | |||
| Net Profit Margin | -56.8% | |||
| 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 Independent TV Limited, buy the company report.
Board of directors and KMP of Independent TV Limited
Independent TV Limited currently reports 7 directors and 1 key managerial person. 17 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Grace Thomas | Director | 04 Feb 2016 | 10 Years 8 Months | As last reported |
| Vivek Singh | Additional Director | 22 Jan 2019 | 7 Years 9 Months | As last reported |
| Rohit Kumar Singh | Additional Director | 05 Dec 2019 | 6 Years 10 Months | As last reported |
| Rachakonda Venkata Ramana Also directs: Firstship Exim Solutions LLP, Reliance Pure EV Private Limited, Neom Smart Technology Private Limited and 5 more | Director | 27 May 2016 | 10 Years 4 Months | As last reported |
| Gurdeep Singh Also directs: Blynk Marketing Private Limited | Director | 27 May 2016 | 10 Years 4 Months | As last reported |
| Suman Chakraborty | Additional Director | 22 Aug 2019 | 7 Years 2 Months | As last reported |
Auditor
Independent TV Limited is audited by CHATURVEDI & SHAH for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHATURVEDI & SHAH | FY 2018 | 101720W |
Shareholding
The shareholding of Independent TV Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Independent TV Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jan 2019 | 100241928 | Others | ₹63 Lakh | Open |
Total charge records: 1 View all charges
Deals & funding
Independent TV Limited has 4 deals on record (3 secondary share transfers, 1 acquisition); the latest was in December 2018.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2018 | Acquisition | ₹449.71 Cr | Buyer: Garvit Innovative Promoters Limited |
| Oct 2007 | Secondary share transfer | Undisclosed | Buyer: Reliance Communications Limited & Satish Seth, Reliance Communications Limited & Gautam Doshi, Reliance Communications Limited & Amitabh Jhunjhunwala Seller: 2 individuals |
| Oct 2007 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2006 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Cle Private Limited , Reliance Infrastructure Limited , 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Independent TV Limited has 70 court cases on record: 44 filed by Independent TV, 26 filed against it. 13 cases are pending and 57 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 8 | 4 |
| High courts | 24 | 5 | 6 |
| Supreme Court | 11 | 4 | 3 |
| NCLT | 5 | 5 | 0 |
| NCLAT | 4 | 4 | 0 |
Cases on record (5 of 70)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by DTDC Express Ltd. | Pending |
| Supreme Court | Court case (4501-Telegraph & Telecom Laws : Telegraph & Telecom laws) | Filed by the company against M/S. Zee Turner Limited Etc.Etc. Through Its Managing Director 2Nd Floor, Plot No.9, Film City, Sector 16-A, , District: Noida ,Noida , Uttar Pradesh and 11 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by DTDC Express Ltd. | Disposed |
| NCLT, Principal Bench | Insolvency matter | Filed against the company by Ovt India Pvt. Ltd. | Disposed |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Court case (Rel. Appn) | Filed by the company against Unknown | Disposed |
To see the full case history of Independent TV 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.
Credit ratings & regulatory alerts
Independent TV Limited was last rated by Care on 04 Sep 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 04 Sep 2019 |
To see the full credit ratings and regulatory alerts of Independent TV Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Independent TV Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Independent TV Limited has a workforce of 24 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Independent TV has 10 GST registrations: 3 active and 7 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AADCR0351B1ZV | West Bengal | Active | 01 Jul 2017 |
| 37AADCR0351B2ZW | Andhra Pradesh | Active | 21 Jul 2020 |
| 06AADCR0351B2Z1 | Haryana | Active | 08 Aug 2020 |
To see the full GST registrations and return filing status of Independent TV Limited, buy the company report.
Recent activity
Independent TV Limited has 24 board changes on record since 2009: 8 appointments and 16 cessations. The latest: Anup Kumar was appointed as Irp/Rp/Liquidator on 10 May 2023.
16 earlier events are in the company report.
Frequently asked questions
Independent TV is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Independent TV is a company under liquidation, formerly operating as a public limited company based in Navi Mumbai, Maharashtra, India. The company works in cable tv and dth services, within the media and publishing industry. It was incorporated on 13 May 2005 and is registered under CIN U45203MH2005PLC153294. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Independent TV has 8 current directors and KMP:
- Grace Thomas - Director
- Vivek Singh - Additional Director
- Rohit Kumar Singh - Additional Director
- Rachakonda Venkata Ramana - Director
- Gurdeep Singh - Director
- Suman Chakraborty - Additional Director
- Anup Kumar - Irp/Rp/Liquidator
- Vivek Prakash - Ceo
The latest financial statements of Independent TV on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Independent TV is U45203MH2005PLC153294. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Independent TV has open charges of ₹63 Lakh and no satisfied charges on record as per latest MCA filings.
Independent TV has 70 court cases on record: 44 filed by the company and 26 filed against it. 13 are pending. Most are in the district courts.
Independent TV was incorporated on 13 May 2005. It is registered with the Registrar of Companies, Mumbai.
Independent TV has 4 deals on record (3 secondary share transfers, 1 acquisition); the latest was in December 2018.
Anup Kumar was appointed as Irp/Rp/Liquidator on 10 May 2023. Rohit Kumar Singh was appointed as Additional Director on 05 Dec 2019. Grace Thomas ceased to be Director on 28 Aug 2019. Independent TV has 24 board changes on record in total.