About Ishtar Music Private Limited
Data last updated:
Ishtar Music Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Believe International. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the film and digital content production segment of the media and publishing sector. It was incorporated on 16 May 2018.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U22300MH2018PTC309504. Its GSTIN is 27AAGCV4265M1ZR (Maharashtra).
The company had an authorised share capital of ₹8 Cr and a paid-up capital of ₹7.54 Cr. It was formerly known as Venus Music Private Limited. It was led by directors including Sylvain Jean Joseph Delange and Vivek Rajnath Raina.
Its last annual general meeting (AGM) was held on 07 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 1003 10th Floor Hallmark Business Plaza Near Guru Nanak Hospital Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2023, the company reported a revenue of ₹76.85 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹48.23 Cr (net margin 62.8%) and EBITDA of ₹65.72 Cr (EBITDA margin 85.5%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years.
The company had about 10 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Believe. As per MCA filings, the company had satisfied charges of ₹5 Lakh on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 1 case is pending.
The last known website on record is believe.com.
Company details
Contact details
Ishtar Music Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address1003 10th Floor Hallmark Business Plaza Near Guru Nanak Hospital Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryMedia and Publishing, Film & Digital Content Production
To see the full contact details of Ishtar Music Private 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
Ishtar Music operates one associated brand: Believe. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified software is developed for music artists and labels. | believe.com |
Business activity
The main business activity of Ishtar Music is arts, entertainment and recreation. In detail, this covers creative, arts and entertainment activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| R | Arts, entertainment and recreation | R1 | Creative, arts and entertainment activities |
To see the full business activity and turnover split of Ishtar Music Private Limited, buy the company report.
Financials of Ishtar Music Private Limited
FY 2023 filings availableIshtar Music Private Limited reported revenue of ₹76.85 Cr (up 8% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over three years, including 8% growth in the latest year. EBITDA rose 8% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹65.72 Cr | ||||
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| Net Profit (PAT) | ₹48.23 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | 85.5% | ||||
| Net Profit Margin | 62.8% | ||||
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To see the full financial statements and ratios of Ishtar Music Private Limited, buy the company report.
Board of directors of Ishtar Music Private Limited
Ishtar Music has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sylvain Jean Joseph Delange | Director | 09 Sep 2019 | 7 Years 1 Months | As last reported |
| Vivek Rajnath Raina | Director | 09 Sep 2019 | 7 Years 1 Months | As last reported |
| Nikhil Sahadev Halwalkar | Director | 08 Aug 2022 | 4 Years 2 Months | As last reported |
Auditor
Ishtar Music Private Limited is audited by V P THACKER & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V P THACKER & CO | FY 2020 | 118696W |
Shareholding
The shareholding of Ishtar Music Private Limited is on record for FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Ishtar Music Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Aug 2021 | 100464418 | The Hongkong and Shanghai Banking Corporation Limited | ₹5 Lakh | Satisfied |
To see the full charge records of Ishtar Music Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Ishtar Music Private Limited has 3 court cases on record: 2 filed by Ishtar Music, 1 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
| District courts | 1 | 1 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons warrent Cases SW) | Filed against the company | Pending |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Ishtar Music Private 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 Ishtar Music Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ishtar Music Private Limited has a workforce of 10 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Ishtar Music has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCV4265M1ZR | Maharashtra | Active | 02 Jan 2019 |
To see the full GST registrations and return filing status of Ishtar Music Private Limited, buy the company report.
Recent activity
Ishtar Music Private Limited has 10 board changes on record since 2019: 3 appointments and 7 cessations. The latest: Nikhil Sahadev Halwalkar ceased to be Additional Director on 30 Sep 2022.
3 earlier events are in the company report.
News
Frequently asked questions
Ishtar Music has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Ishtar Music was a private limited company based in Mumbai, Maharashtra, India. The company worked in film and digital content production, within the media and publishing industry. It was incorporated on 16 May 2018 and is registered under CIN U22300MH2018PTC309504. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Ishtar Music was incorporated on 16 May 2018. It is registered with the Registrar of Companies, Mumbai.
Ishtar Music had 3 directors:
- Sylvain Jean Joseph Delange - Director
- Vivek Rajnath Raina - Director
- Nikhil Sahadev Halwalkar - Director
The CIN (Corporate Identification Number) of Ishtar Music is U22300MH2018PTC309504. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Ishtar Music is at 1003 10th Floor Hallmark Business Plaza Near Guru Nanak Hospital Bandra East, Mumbai, Maharashtra, India – 400051.
Ishtar Music can be reached through the website believe.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Ishtar Music on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 07 September 2023. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Ishtar Music is 27AAGCV4265M1ZR, registered in Maharashtra.
Ishtar Music operated in the media and publishing industry, in the film and digital content production segment.
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