Fortune India 500 2025 edition
Rank#375- Total income
- ₹6,459 Cr
- Profit
- ₹481 Cr
Last year #330
Culver Max Entertainment Private Limited - media and publishing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2026
₹7,064.08 Cr
▲ 9% YoY
Net profit · FY 2026
₹556.1 Cr
Net margin 7.9%
EBITDA · FY 2026
₹1,080.59 Cr
EBITDA margin 15.3%
Authorised capital
₹90 Cr
Registered with MCA
Paid-up capital
₹11.88 Cr
Issued & subscribed
Company age
31 yrs
Est. 1995
Employees · EPFO
1,252
Provident fund records
Directors on board
8
As per MCA filings
About Culver Max Entertainment Private Limited
Data last updated:
Culver Max Entertainment Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Spe Singapore Holdings, Inc.. It operates in the television and radio broadcasting segment of the media and publishing sector. It was incorporated on 18 September 1995 and has been in existence for over 31 years.
Culver Max Entertainment is ranked #375 on the Fortune India 500 (2025).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U92100MH1995PTC111487. Its GSTIN is 27AABCS1728D1ZO (Maharashtra). The company holds 15 GST registrations, of which 14 are active.
The company has an authorised share capital of ₹90 Cr and a paid-up capital of ₹11.88 Cr. It was formerly known as Set India Limited and Set India Private Limited. It is led by directors including Gaurav Banerjee (Managing Director) and Ritesh Khosla (Whole-Time Director).
Its last annual general meeting (AGM) was held on 25 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 4th Floor Interface Building No.7 Off. Malad Link Road, Mumbai, Maharashtra, India – 400064.
As per the financials filed for FY 2026, the company reported a revenue of ₹7,064.08 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹556.1 Cr (net margin 7.9%) and EBITDA of ₹1,080.59 Cr (EBITDA margin 15.3%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 4% over five years.
The company has about 1,252 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 6 brands, including SonyLIV, Multi Screen Media, Sony Pictures Networks, Sony Max, Sony Marathi and others. Court records list 232 cases involving the company, including 119 filed by the company and 113 filed against it; 52 cases are 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 sonypicturesnetworks.com.
Company details
CIN U92100MH1995PTC111487
Registration Number 111487
Incorporation Date 18 September 1995
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 25 August 2025
Date of Balance Sheet 31 March 2025
Parent Company Spe Singapore Holdings, Inc.
Compliance Status Active Compliant
Name history
Culver Max Entertainment has undergone 3 name changes throughout its history. The company was previously known as Set India Limited, Set India Private Limited, and Multi Screen Media Private Limited. The current legal name is Culver Max Entertainment Private Limited.
| Company Name | Status |
|---|---|
| Culver Max Entertainment Private Limited | Current |
| Set India Limited | Previous |
| Set India Private Limited | Previous |
| Multi Screen Media Private Limited | Previous |
CIN history
Culver Max Entertainment has one previous CIN (Corporate Identification Number): U92100MH1997PTC111487. The current CIN is U92100MH1995PTC111487, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U92100MH1995PTC111487 | Current |
| U92100MH1997PTC111487 | Previous |
Recognitions & Rankings of Culver Max Entertainment
Contact details
Culver Max Entertainment Private Limited's registered office is in Mumbai, Maharashtra. Its website is sonypicturesnetworks.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address4th Floor Interface Building No.7 Off. Malad Link Road, Mumbai, Maharashtra, India – 400064
- IndustryMedia and Publishing, Television & Radio Broadcasting
To see the full contact details of Culver Max Entertainment Private Limited, buy the company report.
Comprehensive company report
Culver Max Entertainment Private Limited - one report that includes everything
- 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
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Secure checkout · GST invoice included
Brands
Culver Max Entertainment operates multiple associated brands including SonyLIV, Multi Screen Media, and Sony Pictures Networks. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Streaming platform for Indian TV shows, movies, sports, and original series. | sonyliv.com | |
| Television broadcasting and content services in India. | setindia.com | |
| Entertainment, sports, and digital services are provided through channels and platforms. | sonypicturesnetworks.com | |
| Sports TV channels and live event streaming are operated globally. | tensports.com | |
| Entertainment broadcasting, video spotlights, and social media services by SONY MAX. | sonymax.tv | |
| Sony Marathi offers Marathi language television broadcasting services. | sonymarathi.com |
Business activity
The main business activity of Culver Max Entertainment is information and communication. In detail, this covers broadcasting and programming activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J4 | Broadcasting and programming activities |
To see the full business activity and turnover split of Culver Max Entertainment Private Limited, buy the company report.
Financials of Culver Max Entertainment Private Limited
FY 2025 filings availableCulver Max Entertainment Private Limited reported revenue of ₹7,064.08 Cr (up 9% YoY) for FY 2026.
Revenue · FY 2026
₹7,064.08 Cr ▲ 9%
Net profit · FY 2026
₹556.1 Cr margin 7.9%
EBITDA · FY 2026
₹1,080.59 Cr margin 15.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 9%
3 years · compounded
▲ 1%
5 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▲ 34%
3 years · compounded
▼ 8%
5 years · compounded
▼ 3%
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 9% growth in the latest year. EBITDA rose 34% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹1,080.59 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹556.1 Cr | ||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.3% | ||||
| Net Profit Margin | 7.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Culver Max Entertainment Private Limited, buy the company report.
Board of directors and KMP of Culver Max Entertainment Private Limited
Culver Max Entertainment Private Limited currently reports 6 directors and 2 key managerial personnel. 19 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gaurav Banerjee | Managing Director | 28 Aug 2024 | 2 Years 1 Months | Current |
| Sibaji Biswas Also directs: Msm-Worldwide Factual Media Private Limited | Cfo | 06 Jan 2025 | 1 Years 9 Months | Current |
| Rajkumar Shyamlal Bidawatka Also directs: Msm-Worldwide Factual Media Private Limited | Company Secretary | 19 Jul 2007 | 19 Years 3 Months | Current |
| Naomi Matsuoka | Director | 19 May 2022 | 4 Years 5 Months | Current |
| Ravi Singh Ahuja | Director | 12 Apr 2022 | 4 Years 6 Months | Current |
| Drew Michael Shearer | Director | 12 Apr 2022 | 4 Years 6 Months | Current |
Showing 6 of 8 current directors and KMP. View all directors and KMP
Peer comparison
Culver Max Entertainment Private Limited is compared with the 6 companies closest to it by revenue in the Media and Publishing industry (Entertainment, TV and Radio Broadcasting), with the same principal business activity (broadcasting and programming activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jiostar India Private Limited | ₹21,871 Cr (FY 2025) | 7.0% | Mumbai, Maharashtra, India | |||
| Zee Entertainment Enterprises Limited | ₹8,417.5 Cr (FY 2025) | -4.0% | Mumbai, Maharashtra, India | |||
| Culver Max Entertainment Private Limitedthis company | ₹7,064.08 Cr (FY 2026) | ₹556.1 Cr | 7.9% | 9.0% | 1,252 | Mumbai, Maharashtra, India |
| Tv18 Broadcast Limited | ₹6,038.11 Cr (FY 2023) | 8.0% | Mumbai, Maharashtra, India | |||
| Studio 18 Media Private Limited | ₹5,299.86 Cr (FY 2025) | -34.0% | Mumbai, Maharashtra, India | |||
| Digital18 Media Private Limited | ₹5,287 Cr (FY 2025) | -34.0% | Mumbai, Maharashtra, India | |||
| Sun TV Network Limited | ₹4,712.6 Cr (FY 2025) | -2.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Culver Max Entertainment Private Limited, buy the company report.
Auditor
Culver Max Entertainment Private Limited is audited by Price Waterhouse & Co Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse & Co Chartered Accountants LLP | FY 2023 | 304026E/E-300009 |
Shareholding
The shareholding of Culver Max Entertainment 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Culver Max Entertainment Private Limited, buy the company report.
Legal cases
Culver Max Entertainment Private Limited has 232 court cases on record: 119 filed by Culver Max Entertainment, 113 filed against it. 52 cases are pending and 180 are disposed.
Total cases
232
Filed by the company
119
Filed against the company
113
Pending
52
Disposed
180
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 132 | 65 | 21 |
| District courts | 69 | 24 | 23 |
| Supreme Court | 20 | 18 | 7 |
| NCLAT | 8 | 6 | 0 |
| NCLT | 3 | 0 | 1 |
Cases on record (5 of 232)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Siti Prime Uttaranchal Communication Pvt Ltd and 5 others | Pending |
| NCLT, NCLT Kolkata | Court case (Ivn.P (IBC)) | Filed by the company against Alliance Broadband Services Pvt.Ltd. | Pending |
| High Court | Interim or miscellaneous application | Filed by the company against Saregama India Limited and 9 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Saptak Digital Private Limited and 9 others | Pending |
| High Court, TAMIL NADU | Court case (C.S(COMM DIV)) | Filed against the company by SPM Arts LLP M/S.P.Shiva, Sidharth U,Mobile:8989379790 | Pending |
To see the full case history of Culver Max Entertainment 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
Culver Max Entertainment Private Limited has 12 MSME Form 1 returns on record between 2019 and 2024, listing 160 overdue payments to 57 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 57)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Invictus T Mediaworks Private Limited | |||
| Mulakshar Productions Private Limited | |||
| an individual supplier | |||
| R. K. Ipr Management Private Limited | |||
| Trivone Content Services Private Limited |
To see the full MSME payment records of Culver Max Entertainment Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Culver Max Entertainment has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Msm-Worldwide Factual Media Private Limited | U92412MH2016PTC271980 |
To see the full group structure of Culver Max Entertainment Private Limited, buy the company report.
Employees & EPFO
Culver Max Entertainment Private Limited has a workforce of 1,252 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
1,252
Active EPFO establishments
1
Employee growth
4.42%
GST
Culver Max Entertainment has 15 GST registrations: 14 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
15
Active
14
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCS1728D1ZO | Maharashtra | Active | 01 Jul 2017 |
| 06AABCS1728D1ZS | Haryana | Active | 01 Jul 2017 |
| 19AABCS1728D1ZL | West Bengal | Active | 01 Jul 2017 |
| 29AABCS1728D1ZK | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Culver Max Entertainment Private Limited, buy the company report.
Recent activity
Culver Max Entertainment Private Limited has 27 board changes on record since 2007: 8 appointments and 19 cessations. The latest: Ritesh Khosla was appointed as Whole-Time Director on 25 Aug 2025.
AGM
Culver Max Entertainment Private Limited last Annual general meeting of members was held on 25 Aug 2025 as per latest MCA records.
Appointed
Ritesh Khosla was appointed as Whole-Time Director.
Filing
Culver Max Entertainment Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Sibaji Biswas ceased to be Additional Director.
Appointed
Sibaji Biswas was appointed as CFO.
Ceased
Ritesh Khosla ceased to be Additional Director.
Appointed
Gaurav Banerjee was appointed as Managing Director.
Ceased
Gaurav Banerjee ceased to be Additional Director.
Ceased
Narinder Pal Singh ceased to be Managing Director.
Ceased
Naomi Matsuoka ceased to be Additional Director.
Appointed
Naomi Matsuoka was appointed as Director.
Ceased
Drew Michael Shearer ceased to be Additional Director.
18 earlier events are in the company report.
News
Frequently asked questions
Culver Max Entertainment is an active private limited company based in Mumbai, Maharashtra, India. The company works in television and radio broadcasting, within the media and publishing industry. It was incorporated on 18 September 1995 (31+ years old) and is registered under CIN U92100MH1995PTC111487.
Culver Max Entertainment has 8 current directors and KMP:
- Gaurav Banerjee - Managing Director
- Ritesh Khosla - Whole-Time Director
- Naomi Matsuoka - Director
- Ravi Singh Ahuja - Director
- Drew Michael Shearer - Director
- Erik Illiseh Moreno Jacho - Director
- Sibaji Biswas - Cfo
- Rajkumar Shyamlal Bidawatka - Company Secretary
The latest financial statements of Culver Max Entertainment on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Culver Max Entertainment is 27AABCS1728D1ZO, registered in Maharashtra. The company has 15 GST registrations in all, of which 14 are active and 1 is cancelled or inactive. Other active GSTINs include 06AABCS1728D1ZS (Haryana), 19AABCS1728D1ZL (West Bengal), 29AABCS1728D1ZK (Karnataka).
The CIN (Corporate Identification Number) of Culver Max Entertainment is U92100MH1995PTC111487. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Culver Max Entertainment has 232 court cases on record: 119 filed by the company and 113 filed against it. 52 are pending. Most are in the high courts.
Culver Max Entertainment was incorporated on 18 September 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Culver Max Entertainment by revenue are Jiostar India Private Limited, Zee Entertainment Enterprises Limited, Tv18 Broadcast Limited, Studio 18 Media Private Limited, Digital18 Media Private Limited and 1 more, all in the Media and Publishing industry (Entertainment, TV and Radio Broadcasting), with the same principal business activity (broadcasting and programming activities).
Ritesh Khosla was appointed as Whole-Time Director on 25 Aug 2025. Sibaji Biswas ceased to be Additional Director on 20 Feb 2025. Sibaji Biswas was appointed as CFO on 06 Jan 2025. Culver Max Entertainment has 27 board changes on record in total.
Culver Max Entertainment has 12 MSME Form 1 returns on record between 2019 and 2024, listing 160 overdue payments to 57 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Culver Max Entertainment can be reached through the website sonypicturesnetworks.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Culver Max Entertainment is at 4th Floor Interface Building No.7 Off. Malad Link Road, Mumbai, Maharashtra, India – 400064.