Dear Shareholders,
It gives me immense pleasure to present you the 17th Annual Report of the Company.
I am really happy to see that in the FY 2023 -24, we have carried forward our strong
business legacy of Free-to-Air (FTA) Television Broadcasting.
The Company even after having a hard-hitting period and despite facing challenging
market situations has survived, sailed and stood firm with the immense support from it's
advertisers, vendors, lenders and associates in the Media and Entertainment (M&E)
Industry. In-spite of all the challenges, your Company has focused on its product
performance and managed to deliver and keep the viewership intact of all its channels.
Your company has been in constant dialogue with it's advertisers, vendors, lenders and
associates in the Media and Entertainment (M&E) Industry to make the Company grow
which will help it in standing tight in the intensely competitive M&E Industry.
Further, your Company's flagship brand "Mastiii" continues to rules the
charts. Mastiii recently celebrated it's 14th Anniversary and we are all geared up to
scale it to bigger heights. Apart from MASTIII, our bouquet of channels includes DABANGG
and MAIBOLI. MAIBOLI is performing exceedingly well and it has now positioned itself as a
must-go-to platform for not only the viewers but also advertisers. Maiboli successfully
completes 10 glorious years of broadcast this year and we are all energized to take it to
next level.
MASTIII, the flagship channel from the network's bouquet has completed 14 years of
broadcasting and continues its successful run as the industry leader with unparalleled
consistency in the Bollywood music genre being India's No.1 Music & Youth Channel. The
channel has a universal appeal caters to a variety of music lovers of various age groups
becoming the most loved Music channel in India.
MAIBOLI, the numero uno Marathi Music Channel from your Company has completed 10
glorious years of broadcast and has kept viewers spellbound and how! It's dominance over
it's peers is unparalled and it continues to keep audience's charmed. It is known for its
excellent on-air packaging & well-coordinated programmed time bands. Maiboli has over
a period of time captured the imagination of the Marathi viewing population and has
positioned itself as a formidable brand not only amongst viewers but also advertisers.
DABANGG, the Bhojpuri Regional Entertainment Channel has continued to maintain its
key position amongst its competitors. The Channel has completely added authentic regional
flavor in its programming while focusing on Bhojpuri music & movie content for the
Channel.
I believe that investing in our team and having a long term perspective on the business
will definitely yield positive results. I would like to convey my gratitude to all our
employees, advertisers, vendor partners, producers, artists, bankers, business associates
and all other stakeholders for their support during the difficult period and contribution
towards the Company's success and without your support and trust, this Company would not
have been able to deliver the quality entertainment it has always produced and delivered.
I am confident that we shall successfully cross many more milestones of success in our
onward journey as we get ready to take on the next level of growth.
With warm regards,
Markand Adhikari Chairman & Managing Director