About Popular Entertainment Network Private Limited
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Popular Entertainment Network 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 21 December 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74300MH1983PTC031621. Its GSTIN is 27AACCP0165A1ZZ (Maharashtra).
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹6.75 Cr. It was formerly known as Popular Entertainment Network Limited and Harekrishna Advertisers & Marketiers Private Limited. It is led by directors including Rutwa Gala and Neeraj Gala.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Pen House Asha Colony Oppsea Princess Juhu Tara Road Juhu, Mumbai, Maharashtra, India – 400049.
As per the financials filed for FY 2025, the company reported a revenue of ₹21.2 Cr, a growth of 62% compared to the previous year. For the same year it recorded a net profit of ₹8.42 Cr (net margin 39.7%) and EBITDA of ₹12.61 Cr (EBITDA margin 59.5%). Revenue has grown at a compounded annual rate (CAGR) of 139% over three years and 13% over five years.
As per MCA filings, the company has open charges of ₹89.93 Cr and satisfied charges of ₹99.93 Cr on record. Court records list 200 cases involving the company, including 138 filed by the company and 62 filed against it; 44 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 penstudios.in.
Company details
Name history
Popular Entertainment Network has undergone 2 name changes throughout its history. The company was previously known as Popular Entertainment Network Limited, and Harekrishna Advertisers & Marketiers Private Limited. The current legal name is Popular Entertainment Network Private Limited.
| Company Name | Status |
|---|---|
| Popular Entertainment Network Private Limited | Current |
| Popular Entertainment Network Limited | Previous |
| Harekrishna Advertisers & Marketiers Private Limited | Previous |
CIN history
Popular Entertainment Network has one previous CIN (Corporate Identification Number): U74300MH1983PLC031621. The current CIN is U74300MH1983PTC031621, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74300MH1983PTC031621 | Current |
| U74300MH1983PLC031621 | Previous |
Contact details
Popular Entertainment Network 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 House Asha Colony Oppsea Princess Juhu Tara Road Juhu, Mumbai, Maharashtra, India – 400049
- IndustryMedia and Publishing, Film & Digital Content Production
To see the full contact details of Popular Entertainment Network 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 Popular Entertainment Network 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 | 59 | Motion picture, video and television programme production, sound recording and music publishing activities |
To see the full business activity and turnover split of Popular Entertainment Network Private Limited, buy the company report.
Financials of Popular Entertainment Network Private Limited
FY 2024 filings availablePopular Entertainment Network Private Limited reported revenue of ₹21.2 Cr (up 62% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 62% growth in the latest year. EBITDA rose 369% 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 | ₹12.61 Cr | ||||
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| Net Profit (PAT) | ₹8.42 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 | 59.5% | ||||
| Net Profit Margin | 39.7% | ||||
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To see the full financial statements and ratios of Popular Entertainment Network Private Limited, buy the company report.
Board of directors of Popular Entertainment Network Private Limited
Popular Entertainment Network has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rutwa Gala | Director | 06 Mar 2023 | 3 Years 8 Months | Current |
| Neeraj Gala | Director | 06 Mar 2023 | 3 Years 8 Months | Current |
| Jayantilal Vershi Gada | Director | 21 Dec 1983 | 42 Years 10 Months | Current |
| Kushal Gada Kantilal Also directs: Pen Media and Infrastructure Developers Private Limited, Pen India Private Limited, Horns Media LLP and 2 more | Director | 06 Mar 2023 | 3 Years 8 Months | Current |
Auditor
Popular Entertainment Network 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 Popular Entertainment Network 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 Popular Entertainment Network Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Aug 2021 | 100475182 | Yes Bank Limited | ₹39.93 Cr | Satisfied | |
| 23 Jan 2020 | 100333905 | Yes Bank Limited | ₹25 Cr | Satisfied | |
| 29 Nov 2017 | 100139504 | Yes Bank Limited | ₹25 Cr | Satisfied | |
| 29 Oct 2001 | 80067689 | Sicom Limited | ₹6 Cr | Satisfied | |
| 29 Oct 2001 | 90232540 | Rajasthan State Industrial Development & Investment Corn. Lt | ₹4 Cr | Satisfied |
To see the full charge records of Popular Entertainment Network Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Popular Entertainment Network Private Limited has 200 court cases on record: 138 filed by Popular Entertainment Network, 62 filed against it. 44 cases are pending and 156 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 147 | 45 | 43 |
| High courts | 53 | 17 | 1 |
Cases on record (5 of 200)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI APPEAL) | Filed against the company by an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI APPEAL) | Filed by the company against an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed by the company against an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI APPEAL) | Filed by the company against individuals | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI APPEAL) | Filed by the company against an individual | Pending |
To see the full case history of Popular Entertainment Network 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 Popular Entertainment Network Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Popular Entertainment Network has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCP0165A1ZZ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Popular Entertainment Network Private Limited, buy the company report.
Recent activity
Popular Entertainment Network Private Limited has 10 board changes on record since 1983: 4 appointments and 6 cessations. The latest: Kushal Gada Kantilal ceased to be Additional Director on 29 Sep 2023.
12 earlier events are in the company report.
Frequently asked questions
Popular Entertainment Network 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 21 December 1983 (43+ years old) and is registered under CIN U74300MH1983PTC031621.
Popular Entertainment Network has 4 current directors:
- Rutwa Gala - Director
- Neeraj Gala - Director
- Jayantilal Vershi Gada - Director
- Kushal Gada Kantilal - Director
The latest financial statements of Popular Entertainment Network on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Popular Entertainment Network is 27AACCP0165A1ZZ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Popular Entertainment Network is U74300MH1983PTC031621. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Popular Entertainment Network has 200 court cases on record: 138 filed by the company and 62 filed against it. 44 are pending. Most are in the district courts.
Popular Entertainment Network was incorporated on 21 December 1983, making it 43+ years old. It is registered with the Registrar of Companies, Mumbai.
Kushal Gada Kantilal ceased to be Additional Director on 29 Sep 2023. Neeraj Gala ceased to be Additional Director on 29 Sep 2023. Rutwa Gala ceased to be Additional Director on 29 Sep 2023. Popular Entertainment Network has 10 board changes on record in total.
Popular Entertainment Network can be reached through the website penstudios.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Popular Entertainment Network is at Pen House Asha Colony Oppsea Princess Juhu Tara Road Juhu, Mumbai, Maharashtra, India – 400049.
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