What we do Entertainment Network (India) Ltd operates India's leading FM radio network 'Radio Mirchi', plus event management and out-of-home advertising through 360degree and Times OOH Media. |
Founded in 1,999 |
Market share Largest private FM radio broadcaster in India with 63 stations across 40+ cities and expanding international presence. |
Problem solved Provides regional and national entertainment, advertising solutions, and event management to connect brands with diverse audiences. |
Top clients or who we serve Advertisers across FMCG, automotive, consumer goods; B2B and B2C segments with 10,000+ client relations and mass audience outreach. |
Key management Yatish Mehrishi, CEO, MBA London Business School; Preeti Nihalani, COO; Sumit Aggrawal, CSO MIT Sloan; Udit Tyagi, CDO; Sanjay Ballabh, CFO. |
Our journey and innovations Founded 1999; launched Radio Mirchi in 2001; expanded pan-India and to Middle East; acquired Gaana; launched Mirchi Plus digital platform and AI influencer Mirchi ShAI. |
Where we operate India (63 cities), Bahrain, Qatar, USA, and digital worldwide via streaming platforms. |
Top products or what we offer Radio Mirchi stations; event management and experiential marketing; out-of-home media; Gaana music streaming; Mirchi Plus digital platform. |
Top brands Radio Mirchi (#1 FM Brand India); Gaana (top Indian music streaming app); 360degree events; Times OOH Media; Mirchi Plus platform. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Majority recurring revenue from advertising and subscriptions; some cyclical trends linked to ad spend and festivals. |
Our industry position Market leader in private FM broadcasting and audio streaming with growing event and digital media segments. |
Financial highlights FY25 revenue approx. ₹544 crore; net profit ₹11.5 crore; Q3 FY26 digital revenue growing nearly 100% YoY; cash balance ₹372 crore. |
Geographical revenue split Over 94% revenue from India; international operations contribute ~6% including Middle East and US markets. |
Order book - |
Whats driving growth Digital audio streaming, event IP expansion, localized content, strategic acquisitions, and ad market recovery drive growth. |
Our future plans Expand digital and international presence, scale Gaana and Mirchi Plus, launch innovative content, and enhance green energy use at stations. |
Our green promise Pilot solar-powered air conditioning at transmitters; energy efficiency initiatives; LED lighting and power optimization to reduce consumption. |
Our people and values Works with 300+ content creators and robust sales team; culture emphasizes innovation, inclusion, and ethical conduct. |
Key challenges ahead Regulatory challenges including royalty disputes; competition from OTT and digital platforms; auction of radio frequencies potential risk. |
Interesting facts First Indian FM station using solar hybrid air-conditioning; launched India's first AI-powered digital influencer Mirchi ShAI. |
Risks and strategy Legal royalty battles mitigated through active appeals; strategy focuses on content localization, digital diversification, and cost optimization. |
