Puzzle Media Limited
About Puzzle Media Limited
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Puzzle Media Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Concept Public Relations India Limited [Cn]. It operates in the advertising and media services segment of the media and publishing sector. It was incorporated on 14 May 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH2009PLC192402. Its GSTIN is 27AAACZ3780H1Z2 (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Zzebra Public Relations Private Limited. It is led by directors including Ashish Motilal Jalan and Pooja Pritamdayal Chaudhri.
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 1st Floor Queens Mansion Prescot Road Fountain, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.41 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹6.86 Lakh (net margin 4.9%) and EBITDA of ₹9.79 Lakh (EBITDA margin 6.9%). Revenue has grown at a compounded annual rate (CAGR) of 609% over three years and 25% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address1st Floor Queens Mansion Prescot Road Fountain, Mumbai, Maharashtra, India – 400001
- IndustryMedia and Publishing, Advertising Agencies & Media Services
- 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 Puzzle Media Limited
The main business activity of Puzzle Media is information and communication. In detail, this covers information service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | 63 | Information service 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 Puzzle Media Limited FY 2025 filings available
Puzzle Media Limited reported revenue of ₹1.41 Cr (up 81836% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Puzzle Media Limited
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years. EBITDA rose 215% 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 Puzzle Media Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
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| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹9.79 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.86 Lakh | •••• | •••• | •••• | •••• |
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| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
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Financial Ratios of Puzzle Media Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.9% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
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| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
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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 Puzzle Media 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 Puzzle Media Limited
Puzzle Media Limited is compared with the companies closest to it by revenue in the Media and Publishing industry (Advertising Agencies). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Merabt Technologies Private Limited | •••• | •••• | •••• | •••• | - | Thiruvananthapuram, Kerala, India |
| Xenium Digital Private Limited | •••• | •••• | •••• | •••• | - | Goregaon East, Maharashtra, India |
| Tiranga Designs Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Guardicore India Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Altitude Media Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Puzzle Media Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Glue Creatives Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Adapts Media Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| MNJ Naman Private Limited | •••• | •••• | •••• | •••• | - | Mira Road (East), Thane, Maharashtra, India |
| Motionbrains Private Limited | •••• | •••• | •••• | •••• | - | Jaipur, Rajasthan, India |
| Mundus Marketing Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Puzzle Media by revenue in the Media and Publishing industry (Advertising Agencies), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Puzzle Media Limited
Puzzle Media Limited is audited by R B PANDYA & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| R B PANDYA & 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 Puzzle Media Limited
Puzzle Media has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Motilal Jalan Also directs: STC Securities Private Limited, Adlift Marketing Private Limited, Alegre Invest Private Limited and 5 more | Director | 14 May 2009 | 17 Years 4 Months | Current |
| Pooja Pritamdayal Chaudhri | Director | 23 Jul 2018 | 8 Years 2 Months | Current |
| Ravi Mehra Also directs: Concept Communication Limited, Concept Productions Limited, Eleven Brand Works Limited and 3 more | Director | 20 Dec 2023 | 2 Years 9 Months | Current |
Ownership and Shareholding of Puzzle Media 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 Puzzle Media Limited
Puzzle Media Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Puzzle Media Limited
Employment history and EPFO contributions of people linked to Puzzle Media.
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.
Name History of Puzzle Media Limited
Puzzle Media has undergone 2 name changes throughout its history. The company was previously known as Zzebra Public Relations Private Limited, and Puzzle Media Limited. The current legal name is Puzzle Media Limited.
| Company Name | Status |
|---|---|
| Puzzle Media Limited | Current |
| Zzebra Public Relations Private Limited | Previous |
CIN History of Puzzle Media Limited
Puzzle Media has one previous CIN (Corporate Identification Number): U74900MH2009PTC192402. The current CIN is U74900MH2009PLC192402, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900MH2009PLC192402 | Current |
| U74900MH2009PTC192402 | Previous |
Recent Activity on Puzzle Media Limited
Puzzle Media Limited has 15 board changes on record since 2009: 9 appointments and 6 cessations. The latest: Ravi Mehra was appointed as Director on 20 Dec 2023.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Puzzle Media 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 Puzzle Media 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 Puzzle Media 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 Puzzle Media Limited
Puzzle Media has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACZ3780H1Z2 | 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 Puzzle Media 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 Puzzle Media Limited
Puzzle Media is an active public limited company based in Mumbai, Maharashtra, India. The company works in advertising agencies and media services, within the media and publishing industry. It was incorporated on 14 May 2009 (17+ years old) and is registered under CIN U74900MH2009PLC192402.
Puzzle Media reported revenue of ₹1.41 Cr for FY 2025 (up 81836% YoY).
Puzzle Media has 3 current directors:
- Ashish Motilal Jalan - Director
- Pooja Pritamdayal Chaudhri - Director
- Ravi Mehra - Director
Puzzle Media reported a net profit of ₹6.86 Lakh (net margin 4.9%) and EBITDA of ₹9.79 Lakh (EBITDA margin 6.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Puzzle Media is 609% over three years and 25% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Puzzle Media is 27AAACZ3780H1Z2, registered in Maharashtra.
The CIN (Corporate Identification Number) of Puzzle Media is U74900MH2009PLC192402. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Puzzle Media was incorporated on 14 May 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Puzzle Media by revenue are Merabt Technologies Private Limited, Xenium Digital Private Limited, Tiranga Designs Private Limited, Guardicore India Private Limited, Altitude Media Private Limited and 5 more, all in the Media and Publishing industry (Advertising Agencies).
Ravi Mehra was appointed as Director on 20 Dec 2023. Ankur Hariram Choudhari ceased to be Director on 15 Nov 2023. Rita Vivek Suchanti ceased to be Director on 23 Aug 2018. Puzzle Media has 15 board changes on record in total.
The registered office of Puzzle Media is at 1st Floor Queens Mansion Prescot Road Fountain, Mumbai, Maharashtra, India – 400001.