What we do Music Broadcast Ltd operates India's first private FM radio broadcaster 'Radio City', offering innovative city-centric content across 39 cities, delivering unique audio entertainment and integrated advertising solutions. |
Founded in 1,999 |
Market share Radio City holds a strong market presence with over 18% share in major radio markets and a broad listener base of 67 million. |
Problem solved It addresses the need for localized radio entertainment and effective advertising platforms, engaging urban audiences with culturally relevant, diverse content. |
Top clients or who we serve Serves advertisers, brands across sectors and urban radio listeners in India; operates primarily in B2B and B2C segments. |
Key management CEO Ashit Kukian, CFO Prashant Domadia, Company Secretary Arpita Kapoor; leadership drives digital and broadcast innovation. |
Our journey and innovations Founded in 1999, launched Radio City in 2001 as India's first private FM; expanded to 39 cities; launched VideoCity and digital web radios; international property in 2022; first FM broadcaster with 24x7 video channel in 2025. |
Where we operate India-wide across 39 cities; expanding digital footprint and international content presence through branded properties. |
Top products or what we offer Private FM radio stations under Radio City brand; digital radio platforms; audio content creation; event properties; video FM; web radio stations. |
Top brands Radio City #1 private FM brand in India; VideoCity - India’s first Video FM; Radio City web radios; Radio City Business Titans; Cineverve movie promotion platform. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily from advertising which is cyclical but includes growing recurring digital and content services. |
Our industry position Market leader in private FM radio broadcasting in India with broad reach and diversified integrated media offerings. |
Financial highlights FY25 Revenue: Rs.234 Cr; reported loss Rs.34 Cr due to asset impairment; digital revenues growing; EBITDA margins around 20-34% in Q3 FY26. |
Geographical revenue split - |
Order book - |
Whats driving growth Growth driven by digital expansion, innovation in audio-video content, advertiser demand for integrated marketing, new city launches and event IPs. |
Our future plans Expand digital platforms, increase created business revenue, focus on video FM, enhance international presence and diversify content offerings. |
Our green promise - |
Our people and values 489 permanent employees; emphasis on training, performance appraisals, diversity, ethical conduct and zero-tolerance to harassment. |
Key challenges ahead Industry volume declines, market competition, evolving listener habits, economic uncertainties and digital disruption risks. |
Interesting facts Pioneer India's first private FM broadcaster; launched India's first Video FM; executed major radio-digital movie promotions; strong social media presence. |
Risks and strategy Risks include economic cycles affecting advertising; mitigated through diversification, technological adoption, and integrated content offerings. |
