About Pen India Private Limited
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Pen India Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the film and digital content production segment of the media and publishing sector. It was incorporated on 29 August 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2000PTC128481. Its GSTIN is 27AACCP4672N1ZW (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹30.8 Cr. It is led by directors Jayantilal Vershi Gada (Managing Director) and Kushal Kantilal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Pen Houseasha Colony Juhu Tara Road Juhu, Mumbai, Maharashtra, India – 400049.
As per the financials filed for FY 2025, the company reported a revenue of ₹694.63 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹60.07 Cr (net margin 8.6%) and EBITDA of ₹85.66 Cr (EBITDA margin 12.3%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 3% over five years.
The company has about 32 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
As per MCA filings, the company has open charges of ₹152.93 Cr and satisfied charges of ₹358.43 Cr on record. Court records list 22 cases involving the company, including 4 filed by the company and 18 filed against it; 3 cases are pending. The company has 7 deals on record (4 secondary share transfers, 2 acquisitions, 1 funding round), with disclosed funding of ₹40 Lakh; the latest was in June 2024. Its 4 peer companies in the Media and Publishing industry (Film and Content Production), with the same principal business activity (motion picture, video and television programme production, sound recording and music publishing activities) are compared by revenue, 2 larger and 2 smaller; the largest is Dneg India Media Services Limited with revenue of ₹954.49 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 penstudios.in.
Company details
CIN history
Pen India has one previous CIN (Corporate Identification Number): U72200MH2000PLC128481. The current CIN is U72200MH2000PTC128481, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200MH2000PTC128481 | Current |
| U72200MH2000PLC128481 | Previous |
Contact details
Pen India Private Limited's registered office is in Mumbai, Maharashtra. Its website is penstudios.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPen Houseasha Colony Juhu Tara Road Juhu, Mumbai, Maharashtra, India – 400049
- IndustryMedia and Publishing, Film & Digital Content Production
To see the full contact details of Pen 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
Business activity
The main business activity of Pen India is information and communication. In detail, this covers motion picture, video and television programme production, sound recording and music publishing activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J3 | Motion picture, video and television programme production, sound recording and music publishing activities |
To see the full business activity and turnover split of Pen India Private Limited, buy the company report.
Financials of Pen India Private Limited
FY 2025 filings availablePen India Private Limited reported revenue of ₹694.63 Cr (up 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 3% growth in the latest year. EBITDA rose 55% 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 |
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| EBITDA | ₹85.66 Cr | ||||
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| Net Profit (PAT) | ₹60.07 Cr | ||||
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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 | 12.3% | ||||
| Net Profit Margin | 8.6% | ||||
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To see the full financial statements and ratios of Pen India Private Limited, buy the company report.
Board of directors of Pen India Private Limited
Pen India has 2 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayantilal Vershi Gada | Managing Director | 01 Apr 2016 | 10 Years 6 Months | Current |
| Kushal Kantilal Also directs: Pen Media and Infrastructure Developers Private Limited, Popular Entertainment Network Private Limited, Horns Media LLP and 2 more | Director | 09 Feb 2023 | 3 Years 8 Months | Current |
Peer comparison
Pen India Private Limited is compared with the 4 companies closest to it by revenue in the Media and Publishing industry (Film and Content Production), with the same principal business activity (motion picture, video and television programme production, sound recording and music publishing activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dneg India Media Services Limited | ₹954.49 Cr (FY 2025) | -9.0% | Mumbai, Maharashtra, India | |||
| Sony Music Entertainment India Private Limited | ₹846.06 Cr (FY 2025) | 7.0% | Mumbai, Maharashtra, India | |||
| Pen India Private Limitedthis company | ₹694.63 Cr (FY 2025) | ₹60.07 Cr | 8.6% | 3.0% | 32 | Mumbai, Maharashtra, India |
| Shemaroo Entertainment Limited | ₹693.21 Cr (FY 2025) | -3.0% | Mumbai, Maharashtra, India | |||
| Fox Star Studios India Private Limited | ₹534.9 Cr (FY 2017) | -5.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Pen India Private Limited, buy the company report.
Auditor
Pen India Private Limited is audited by A. Bafna & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A. Bafna & Co. | FY 2023 | 03660C |
Shareholding
The shareholding of Pen India Private 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Pen India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Jan 2024 | 100845648 | Yes Bank Limited | ₹63 Cr | Satisfied | |
| 02 Jun 2021 | 100454203 | Yes Bank Limited | ₹39.93 Cr | Satisfied | |
| 25 Feb 2021 | 100429676 | The Bharat Co-Operative Bank(Mumbai) Ltd | ₹5 Cr | Satisfied | |
| 10 Dec 2020 | 100399757 | Bank of India | ₹75 Cr | Satisfied | |
| 10 Oct 2017 | 100131991 | Yes Bank Limited | ₹25 Cr | Satisfied |
To see the full charge records of Pen India Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Pen India Private Limited has 7 deals on record (4 secondary share transfers, 2 acquisitions, 1 funding round), with disclosed funding of ₹40 Lakh; the latest was in June 2024.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2024 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 4 individuals |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Oct 2014 | Funding round | ₹40 Lakh | Investors: an individual |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Popular Entertainment Network Private Limited , an individual |
| May 2011 | Acquisition | Undisclosed | Buyer: Shemaroo Entertainment Limited Seller: Pen India Private Limited |
To see the full deal history of Pen India Private 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
Pen India Private Limited has 22 court cases on record: 4 filed by Pen India, 18 filed against it. 3 cases are pending and 19 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 16 | 14 | 3 |
| District courts | 5 | 3 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Court case (C.S(COMM DIV)) | Filed against the company by Studio Green Films Pvt Ltd, Represented by Its Director,Mr K E Gnanavel Raja | Pending |
| Madras High Court | Appeal | Filed against the company by Zee Entertainment Enterprises Limited | Disposed |
| Madras High Court | Appeal | Filed against the company by Studio Green Films Pvt Ltd, Represented by Its Director,Mr K E Gnanavel Raja | Disposed |
| Bombay High Court | Court case (CARAP) | Filed by the company against Zee Entertainment Enterprises Limited | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Goldmines Telefilms Pvt Ltd and 1 other | Disposed |
To see the full case history of Pen 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Pen India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Pen India has 3 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Media Network Broadcasting Private Limited | U32200MH2007PTC382083 | |
| Pen Marudhar Cine Entertainment Private Limited | U64100MH2016PTC282780 | |
| Bollywood Times Private Limited | U74900MH2016PTC274558 |
To see the full group structure of Pen India Private Limited, buy the company report.
Employees & EPFO
Pen India Private Limited has a workforce of 32 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Pen India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCP4672N1ZW | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pen India Private Limited, buy the company report.
Recent activity
Pen India Private Limited has 32 board changes on record since 2000: 17 appointments and 15 cessations. The latest: Rutwa Neeraj Gala ceased to be CFO on 22 May 2024.
45 earlier events are in the company report.
Frequently asked questions
Pen India is an active private limited company based in Mumbai, Maharashtra, India. The company works in film and digital content production, within the media and publishing industry. It was incorporated on 29 August 2000 (26+ years old) and is registered under CIN U72200MH2000PTC128481.
Pen India has 2 current directors:
- Jayantilal Vershi Gada - Managing Director
- Kushal Kantilal - Director
The latest financial statements of Pen India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Pen India is 27AACCP4672N1ZW, 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 Pen India is U72200MH2000PTC128481. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pen India has 22 court cases on record: 4 filed by the company and 18 filed against it. 3 are pending. Most are in the high courts.
Pen India was incorporated on 29 August 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
Pen India has 7 deals on record (4 secondary share transfers, 2 acquisitions, 1 funding round), with disclosed funding of ₹40 Lakh; the latest was in June 2024.
The peers of Pen India by revenue are Dneg India Media Services Limited, Sony Music Entertainment India Private Limited, Shemaroo Entertainment Limited, Fox Star Studios India Private Limited, all in the Media and Publishing industry (Film and Content Production), with the same principal business activity (motion picture, video and television programme production, sound recording and music publishing activities).
Rutwa Neeraj Gala ceased to be CFO on 22 May 2024. Bhavita Shah ceased to be Director on 21 May 2024. Rutwa Neeraj Gala was appointed as CFO on 30 Jul 2023. Pen India has 32 board changes on record in total.
Pen India can be reached through the website penstudios.in. Its registered office is in Mumbai, Maharashtra, India.
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