About Zee Digital Convergence Limited
Data last updated:
Zee Digital Convergence Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Zee Entertainment Enterprises Limited. 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 23 September 2004.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U64200MH2004PLC148772. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹30 Cr and a paid-up capital of ₹10 Lakh. It was formerly known as Zee Sports Limited. It was led by directors including Rohit Kumar Gupta and Punit Goenka.
Its last annual general meeting (AGM) was held on 30 September 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Continental Building135 Dr Annie Besant Worli, Mumbai, Maharashtra, India – 400018.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.31 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net loss of ₹11.18 Lakh (net margin -8.5%) and EBITDA of -₹11.55 Lakh (EBITDA margin -8.8%). Revenue has grown at a compounded annual rate (CAGR) of 59% over three years and 296% over five years.
The company had about 1 employee on its provident fund (EPFO) records before it was dissolved.
Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 1 case is pending. The company has 5 deals on record (2 secondary share transfers, 2 funding rounds, 1 acquisition), with disclosed funding of ₹40 Cr; the latest was in April 2017.
The last known website on record is zee.com.
Company details
Contact details
Zee Digital Convergence Limited's registered office is in Mumbai, Maharashtra. Its website is zee.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressContinental Building135 Dr Annie Besant Worli, Mumbai, Maharashtra, India – 400018
- IndustryMedia and Publishing, Film & Digital Content Production
To see the full contact details of Zee Digital Convergence 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 Zee Digital Convergence 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 Zee Digital Convergence Limited, buy the company report.
Financials of Zee Digital Convergence Limited
FY 2020 filings availableZee Digital Convergence Limited reported revenue of ₹1.31 Cr (down 22% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 22% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 296%. EBITDA rose 91% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.31 Cr | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹11.55 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹11.18 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -8.8% | ||||
| Net Profit Margin | -8.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Zee Digital Convergence Limited, buy the company report.
Board of directors of Zee Digital Convergence Limited
Zee Digital Convergence 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 |
|---|---|---|---|---|
| Rohit Kumar Gupta Also directs: RKG Stratedge LLP, Axcensionscareers Edtech Private Limited | Director | 07 Jan 2019 | 7 Years 10 Months | As last reported |
| Punit Goenka | Director | 23 Sep 2004 | 22 Years 1 Months | As last reported |
| Mukund Venkatesh Galgali Also directs: Essel Finance Advisors and Managers LLP, Zbullet Enterprises Limited, Zi-Ipr Enterprises Limited and 4 more | Director | 02 Dec 2019 | 6 Years 11 Months | As last reported |
Auditor
Zee Digital Convergence Limited is audited by PJSL & Co. for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PJSL & Co. | FY 2020 | 023575N |
Shareholding
The shareholding of Zee Digital Convergence Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Zee Digital Convergence Limited, buy the company report.
Deals & funding
Zee Digital Convergence Limited has 5 deals on record (2 secondary share transfers, 2 funding rounds, 1 acquisition), with disclosed funding of ₹40 Cr; the latest was in April 2017.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2017 | Funding round | ₹10 Cr | Investors: Zee Entertainment Enterprises Limited |
| Feb 2017 | Funding round | ₹30 Cr | Investors: Zee Entertainment Enterprises Limited |
| May 2016 | Acquisition | ₹50 Cr | Buyer: Zee Entertainment Enterprises Limited |
| Aug 2010 | Secondary share transfer | Undisclosed | Buyer: Shripat Narkar Jointly with Zee Entertainment Enterprises Limited, Punit Goenka Jointly with Zee Entertainment Enterprises Limited, Himanshu Mody Jointly with Zee Entertainment Enterprises Limited Seller: Pushpal Sanghavi as nominee of Zee Telefilms Ltd, Shailesh Dholakia as nominee of Zee Telefilms Ltd, Punit Goenka as nominee of Zee Telefilms Ltd |
| Sep 2006 | Secondary share transfer | Undisclosed | Buyer: Zee Entertainment Enterprises Limited Jointly with M Lakshminarayanan Seller: Vikas Gupta as nominee of Zee Telefilms Ltd |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Zee Digital Convergence Limited has 3 court cases on record: 1 filed by Zee Digital Convergence, 2 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Nimbus Communications Ltd.And Anr. | Pending |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed by the company against Nimbus Media Pte. Ltd and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed against the company by an individual | Disposed |
To see the full case history of Zee Digital Convergence 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 Zee Digital Convergence Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Zee Digital Convergence Limited has a workforce of 1 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Zee Digital Convergence has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Zee Digital Convergence Limited, buy the company report.
Recent activity
Zee Digital Convergence Limited has 10 board changes on record since 2004: 3 appointments and 7 cessations. The latest: Mukund Venkatesh Galgali ceased to be Additional Director on 30 Sep 2020.
1 earlier event is in the company report.
News
Frequently asked questions
Zee Digital Convergence 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.
Zee Digital Convergence was a public 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 23 September 2004 and is registered under CIN U64200MH2004PLC148772. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Zee Digital Convergence was incorporated on 23 September 2004. It is registered with the Registrar of Companies, Mumbai.
Zee Digital Convergence had 3 directors:
- Rohit Kumar Gupta - Director
- Punit Goenka - Director
- Mukund Venkatesh Galgali - Director
The CIN (Corporate Identification Number) of Zee Digital Convergence is U64200MH2004PLC148772. 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 Zee Digital Convergence is at Continental Building135 Dr Annie Besant Worli, Mumbai, Maharashtra, India – 400018.
Zee Digital Convergence can be reached through the website zee.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Zee Digital Convergence on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 30 September 2020. Year-wise statements from 2015 are in the company report.
No. Zee Digital Convergence has 1 GST registration on record and it is cancelled or inactive.
Zee Digital Convergence operated in the media and publishing industry, in the film and digital content production segment.
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