About Grey Worldwide (India) Private Limited
Data last updated:
Grey Worldwide (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Advertising Ventures Private Limited. It operates in the advertising and media services segment of the media and publishing sector. It was incorporated on 04 September 1975 and has been in existence for over 51 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74210MH1975PTC018529. Its GSTIN is 27AAACT4061B1ZS (Maharashtra). The company holds 6 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹3.8 Cr. It is led by directors including Vijay Madhavrao Surve and Andrew S Kochar.
Its last annual general meeting (AGM) was held on 30 June 2026, and its latest financial statements are for the year ended 31 December 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹15.25 Cr, a decline of 43% compared to the previous year. For the same year it recorded a net loss of ₹9.27 Cr (net margin -60.8%) and EBITDA of -₹8.55 Cr (EBITDA margin -56.1%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 13% over five years.
The company has about 51 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 1 brand: Grey Global. Court records list 18 cases involving the company, including 8 filed by the company and 10 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website grey.com.
Company details
Contact details
Grey Worldwide (India) Private Limited's registered office is in Mumbai, Maharashtra. Its website is grey.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address2nd Floor A Wing The Orb J. W. Marriott Sahar – Village Marol An, Dheri (E), Mumbai, Maharashtra, India – 400099
- IndustryMedia and Publishing, Advertising Agencies & Media Services
To see the full contact details of Grey Worldwide (India) 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
Grey Worldwide (India) operates one associated brand: Grey Global. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of advertising, branding, PR, and content marketing services | grey.com |
Financials of Grey Worldwide (India) Private Limited
FY 2025 filings availableGrey Worldwide (India) Private Limited reported revenue of ₹15.25 Cr (down 43% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 13% over five years, including a 43% fall 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹15.25 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹8.55 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹9.27 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -56.1% | ||||
| Net Profit Margin | -60.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Grey Worldwide (India) Private Limited, buy the company report.
Board of directors of Grey Worldwide (India) Private Limited
Grey Worldwide (India) has 3 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Madhavrao Surve | Director | 18 Mar 2026 | 0 Years 7 Months | Current |
| Andrew S Kochar | Director | 18 Mar 2026 | 0 Years 7 Months | Current |
| Kiran Hebbale Ramamurthy | Director | 18 Mar 2026 | 0 Years 7 Months | Current |
Peer comparison
Grey Worldwide (India) Private Limited is compared with the 5 companies closest to it by revenue in the Media and Publishing industry (Advertising Agencies), with the same principal business activity (advertising and market research), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Excl Advertising Private Limited | ₹28.83 Cr (FY 2024) | 168.0% | New Delhi, Delhi, India | |||
| Flame Advertising Company Private Limited | ₹28.81 Cr (FY 2024) | 20.0% | Chennai, Tamil Nadu, India | |||
| Kadambari Advertising Pvt Ltd | ₹28.69 Cr (FY 2025) | -16.0% | New Delhi, Delhi, India | |||
| Moe's Art Private Limited | ₹28.52 Cr (FY 2025) | -4.0% | Mumbai, Maharashtra, India | |||
| Quora Information Technology Private Limited | ₹28.46 Cr (FY 2025) | 0.0% | Mumbai, Maharashtra, India | |||
| Grey Worldwide (India) Private Limitedthis company | ₹15.25 Cr (FY 2025) | -₹9.27 Cr | -60.8% | -43.0% | 51 | Mumbai, Maharashtra, India |
To see the full peer comparison of Grey Worldwide (India) Private Limited, buy the company report.
Auditor
Grey Worldwide (India) Private Limited is audited by DELOITTE HASKINS & SELLS LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS LLP | FY 2022 | 117366W/W-100018 |
Shareholding
The shareholding of Grey Worldwide (India) Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Grey Worldwide (India) Private Limited, buy the company report.
Legal cases
Grey Worldwide (India) Private Limited has 18 court cases on record: 8 filed by Grey Worldwide (India), 10 filed against it. 1 case is pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 3 | 0 |
| District courts | 7 | 6 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Arbitration matter | Filed against the company by Ms Hatch Incubators | Disposed |
| High Court of Karnataka | Court case (COP) | Filed by the company against M/S Gateway IT & Travel Solutions Private Limited | Disposed |
| High Court of Delhi | Court case (CO.PET.) | Filed by the company against Collage Estates Pvt. Ltd. | Disposed |
| High Court of Delhi | Arbitration matter | Filed by the company against M/S Hatch Incubators | Disposed |
| Bombay High Court | Company petition | Filed by the company against S Kumars Nationwide Limited, Cin No. L17120mh1990plc058361 | Disposed |
To see the full case history of Grey Worldwide (India) 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.
Credit ratings & regulatory alerts
Grey Worldwide (India) Private Limited was last rated by Brickwork on 21 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 21 Sep 2020 |
To see the full credit ratings and regulatory alerts of Grey Worldwide (India) Private Limited, buy the company report.
MSME payment delays
Grey Worldwide (India) Private Limited has 19 MSME Form 1 returns on record between 2018 and 2024, listing 602 overdue payments to 60 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 60)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Viral Pitch Technologies Private Limited | |||
| Autumn Advertising Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Keroscene Films Private Limited |
To see the full MSME payment records of Grey Worldwide (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Grey Worldwide (India) has 3 subsidiary companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Trikaya Communications Private Limited | U74300MH1983PTC031263 | |
| Batey India Private Limited | U74300MH1996PTC099169 | |
| G2 Communications Private Limited | U92100MH1995PTC090633 |
To see the full group structure of Grey Worldwide (India) Private Limited, buy the company report.
Employees & EPFO
Grey Worldwide (India) Private Limited has a workforce of 51 employees on its EPFO records as of Sep 27, 2024, across 1 active EPFO establishment.
GST
Grey Worldwide (India) has 6 GST registrations: 4 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACT4061B1ZS | Maharashtra | Active | 01 Jul 2017 |
| 27AAACT4061B3ZQ | Maharashtra | Active | 27 Mar 2025 |
| 06AAACT4061B1ZW | Haryana | Active | 01 Jul 2017 |
| 29AAACT4061B1ZO | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Grey Worldwide (India) Private Limited, buy the company report.
Recent activity
Grey Worldwide (India) Private Limited has 22 board changes on record since 2008: 4 appointments and 18 cessations. The latest: Andrew S Kochar was appointed as Director on 18 Mar 2026.
13 earlier events are in the company report.
News
Frequently asked questions
Grey Worldwide (India) is an active private 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 04 September 1975 (51+ years old) and is registered under CIN U74210MH1975PTC018529.
Grey Worldwide (India) has 3 current directors:
- Vijay Madhavrao Surve - Director
- Andrew S Kochar - Director
- Kiran Hebbale Ramamurthy - Director
The latest financial statements of Grey Worldwide (India) on record with the MCA are for the year ended 31 December 2025. Its last annual general meeting was held on 30 June 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Grey Worldwide (India) is 27AAACT4061B1ZS, registered in Maharashtra. The company has 6 GST registrations in all, of which 4 are active and 2 are cancelled or inactive. Other active GSTINs include 27AAACT4061B3ZQ (Maharashtra), 06AAACT4061B1ZW (Haryana), 29AAACT4061B1ZO (Karnataka).
The CIN (Corporate Identification Number) of Grey Worldwide (India) is U74210MH1975PTC018529. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Grey Worldwide (India) has 18 court cases on record: 8 filed by the company and 10 filed against it. 1 is pending. Most are in the high courts.
Grey Worldwide (India) was incorporated on 04 September 1975, making it 51+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Grey Worldwide (India) by revenue are Excl Advertising Private Limited, Flame Advertising Company Private Limited, Kadambari Advertising Pvt Ltd, Moe's Art Private Limited, Quora Information Technology Private Limited, all in the Media and Publishing industry (Advertising Agencies), with the same principal business activity (advertising and market research).
Andrew S Kochar was appointed as Director on 18 Mar 2026. Kiran Hebbale Ramamurthy was appointed as Director on 18 Mar 2026. Vijay Madhavrao Surve was appointed as Director on 18 Mar 2026. Grey Worldwide (India) has 22 board changes on record in total.
Grey Worldwide (India) has 19 MSME Form 1 returns on record between 2018 and 2024, listing 602 overdue payments to 60 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Grey Worldwide (India) can be reached through the website grey.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Grey Worldwide (India) is at 2nd Floor A Wing The Orb J. W. Marriott Sahar – Village Marol An, Dheri E, Mumbai, Maharashtra, India – 400099.
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