About Pen India Private Limited
Data last updated:
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 21 cases involving the company, including 4 filed by the company and 7 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 10 peer companies in the Media and Publishing industry (Film and Content Production) are compared by revenue, 5 larger and 5 smaller; the largest is Maddock Films Private Limited with revenue of ₹1,041.88 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.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPen Houseasha Colony Juhu Tara Road Juhu, Mumbai, Maharashtra, India – 400049
- IndustryMedia and Publishing, Film & Digital Content Production
- 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
- One PDF report, delivered after checkout
Business Activity of Pen India Private Limited
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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J3 | Motion picture, video and television programme production, sound recording and music publishing activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Pen India Private Limited FY 2025 filings available
Pen India Private Limited reported revenue of ₹694.63 Cr (up 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Pen India Private Limited
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 of Pen India Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹85.66 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹60.07 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Investments | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Pen India Private Limited
| 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% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Pen India are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Pen India Private Limited
Pen India Private Limited is compared with the companies closest to it by revenue in the Media and Publishing industry (Film and Content Production). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Maddock Films Private Limited | ₹1,041.88 Cr (FY 2025) | •••• | •••• | 174.0% | •••• | Santacruz West Mumbai, Maharashtra, India |
| Dneg India Media Services Limited | ₹954.49 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Mumbai, Maharashtra, India |
| Saregama India Limited Listed | ₹866.66 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | Kolkata, West Bengal, India |
| Sony Music Entertainment India Private Limited | ₹846.06 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Mumbai, Maharashtra, India |
| Technicolor India Private Limited | ₹794.13 Cr (FY 2022) | •••• | •••• | 28.0% | •••• | Bangalore, Karnataka, India |
| Pen India Private Limited this company | ₹694.63 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Mumbai, Maharashtra, India |
| Shemaroo Entertainment Limited Listed | ₹693.21 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Mumbai, Maharashtra, India |
| Goldmines Telefilms Private Limited | ₹692.15 Cr (FY 2024) | •••• | •••• | 28.0% | •••• | Mumbai, Maharashtra, India |
| Dharma Productions Private Limited | ₹555.27 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Mumbai, Maharashtra, India |
| Fox Star Studios India Private Limited | ₹534.9 Cr (FY 2017) | •••• | •••• | -5.0% | •••• | Mumbai, Maharashtra, India |
| Endemol India Private Limited | ₹500.64 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Pen India by revenue in the Media and Publishing industry (Film and Content Production), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Pen India Private Limited
Pen India Private Limited is audited by A. Bafna & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A. Bafna & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
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 |
Ownership and Shareholding of Pen India Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Pen India Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 Jan 2024 | Yes Bank Limited | ₹63 Cr | Satisfied |
| 02 Jun 2021 | Yes Bank Limited | ₹39.93 Cr | Satisfied |
| 25 Feb 2021 | The Bharat Co-Operative Bank(Mumbai) Ltd | ₹5 Cr | Satisfied |
| 10 Dec 2020 | Bank of India | ₹75 Cr | Satisfied |
| 10 Oct 2017 | Yes Bank Limited | ₹25 Cr | Satisfied |
Total charge records: 9 View all charges
Deals & Funding of Pen India Private Limited
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 |
Full deal history
All 7 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Pen India Private Limited
Pen India Private Limited has 21 court cases on record: 4 filed by Pen India, 7 filed against it, 10 where it is another party. 3 cases are pending and 18 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 16 | 4 | 3 |
| District courts | 5 | 3 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CARAP) | Filed by the company against Zee Entertainment Enterprises Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against Padmini Tele Media Limited | Disposed |
| Bombay High Court | Court case (CARBP) | Filed against the company by Sevier Music Rights LLC | Pending |
| Bombay High Court | Writ petition | Filed against the company by Sevier Music Rights LLC | Pending |
| Madras High Court | Court case (C.S(COMM DIV)) | Company is another party | Pending |
Full case history
All 21 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Pen India Private Limited
Pen India Private Limited has a workforce of 32 employees as of Apr 09, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Pen India Private Limited
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 | Locked |
| Pen Marudhar Cine Entertainment Private Limited | U64100MH2016PTC282780 | Locked |
| Bollywood Times Private Limited | U74900MH2016PTC274558 | Locked |
Showing major subsidiaries. Total: 3.
CIN History of Pen India Private Limited
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 |
News related to Pen India Private Limited
Recent Activity on Pen India Private Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Pen India Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Pen India Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Pen India Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Pen India Private Limited
Pen India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCP4672N1ZW | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Pen India Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Pen India Private Limited
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 reported revenue of ₹694.63 Cr for FY 2025 (up 3% YoY).
Pen India has 2 current directors:
- Jayantilal Vershi Gada - Managing Director
- Kushal Kantilal - Director
Pen India reported a net profit of ₹60.07 Cr (net margin 8.6%) and EBITDA of ₹85.66 Cr (EBITDA margin 12.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Pen India is -6% over three years and 3% over five years. In the latest year (FY 2025) revenue rose 3%. CAGR is the steady yearly rate that links the first and the last year.
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 21 court cases on record: 4 filed by the company and 7 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 Maddock Films Private Limited, Dneg India Media Services Limited, Saregama India Limited, Sony Music Entertainment India Private Limited, Technicolor India Private Limited and 5 more, all in the Media and Publishing industry (Film and Content Production).