WINNING INDIAN HEARTS EVERYWHERE! Balaji Telefilms Limited has In Movies we continuously and in a short span of time has always been dominating the experiment and created some of become one of the most exciting entertainment space for 25 years ‘Bollywood’s’ most memorable platform for original exclusive and strives to exceed expectations movies, characters, music content with very high consumer of its consumers and its customers. and dialogues across mass stickiness. In a time deficit world, commercial and niche cult cinema. we see our subscribers spend We pioneered the daily prime We continue to see our audiences over 60 minutes a day, showering time soap watching habit among connect with these movies years immense love and affection for the millions of TV viewers and after the theatrical release of the content we make. continue to create interesting, movies. relatable characters that have The unfolding digital opportunity become part of the social fabric Our Video streaming platform, combined with our unmatched of every TV watching household ALTBalaji, which is already experience and scale in creating in the country. Over the years one of the frontrunners in the content for Indians with varied we have received immense love category has paved the way for tastes and preferences now and affection from our audiences, Individualization of content on creates the perfect opportunity resulting in having the highest the digital medium. ALTBalaji for us to win Indian Hearts market share in the prime time has one of the largest original Everywhere. ratings. exclusive Hindi content libraries Balaji Telefilms Limited Table of Content Corporate Information 05 Our Identity 06 Message from Promoter Family 08 01 Message from Group COO and Group CFO 12 Key Facts 14 Key Highlights 15 25 year Journey of Winning Indian Hearts 16 Coporate Successful Business Performance 18 Content First Strategy with Different Revenue Streams 20 Overview Our Business 22 Awards & Recognition 34 Board of Directors 36 02 Management Discussion & Analysis 40 Statutory Board’s Report 49 Corporate Governance Report 78 Reports Balaji Motion Pictures Limited Board’s Report 238 Independent Auditor’s Report 252 Balance Sheet 260 Statement Of Profit And Loss 261 Statement Of Cash Flows 262 Statement Of Changes In Equity 263 03 Notes 265 Marinating Films Private Limited Board’s Report 294 Independent Auditor’s Report 305 Financial Balance Sheet 312 Statement Of Profit And Loss 313 Statements Statement Of Cash Flows 314 Statement Of Changes In Equity 315 Notes 316 Alt Digital Media Entertainment Limited Board’s Report 340 Independent Auditor’s Report 358 Balance Sheet 366 Balaji Telefilms Limited Statement Of Profit And Loss 367 Standalone Financials Statement Of Cash Flows 368 Independent Auditor’s Report 101 Statement Of Changes In Equity 369 Balance Sheet 110 Notes 370 Statement Of Profit And Loss 111 Statement Of Cash Flows 112 Chhayabani Balaji Entertainment Private Limited Statement Of Changes In Equity 114 Board’s Report 408 Notes 115 Independent Auditor’s Report 418 Balance Sheet 426 Consolidated Financials Statement Of Profit And Loss 427 Independent Auditor’s Report 166 Statement Of Cash Flows 428 Balance Sheet 174 Statement Of Changes In Equity 429 Statement Of Profit And Loss 175 Notes 430 Statement Of Cash Flows 176 AGM Notice 452 Statement Of Changes In Equity 178 Notes 179 Attendance Slip and Proxy Form 471 Balaji Telefilms Limited BALAJI TELEFILMS LIMITED 4 Winning Indian Hearts Everywhere! Corporate Overview Statutory Reports Financial Statements Corporate Information Board of Directors Group Chief Executive Statutory Auditors Officer Price Waterhouse Chartered Mr. Jeetendra Kapoor Mr. Sunil Lulla Accountants LLP Chairman (DIN: 00005345) Group Chief Operating Officer and Chief Executive Secretarial Auditors Mrs. Shobha Kapoor Managing Director Officer (ALT Digital) MMJC & Associates LLP (DIN: 00005124) Mr. Nachiket Pantvaidya Ms. Ekta Kapoor Group Chief Financial Registered Office Joint Managing Director Officer (DIN: 00005093) C-13, Balaji House, Dalia Industrial Mr. Sanjay Dwivedi Estate, Opp. Laxmi Industrial Estate, New Link Road, Andheri Mr. Duraiswamy Gunaseela Rajan (West), Mumbai – 400 053, Independent Director Group Head Secretarial Maharashtra. (DIN: 00303060) Mrs. Simmi Singh Bisht Tel: +91-22-40698000 Fax: +91-22-40698181/82 Mr. Arun Kumar Purwar Senior Management E-mail: [email protected] Independent Director Website: www.balajitelefilms.com (DIN: 00026383) CIN: L99999MH1994PLC082802 Mr. Ketan Gupta Chief Operating Officer Mr. Anshuman Thakur (Television) Non-Executive Director Registrar & Share Transfer (DIN: 03279460) Mr. Ashish Pinto Agent Group Head – HR Karvy Fintech Private Limited, Ms. Jyoti Deshpande Mrs. Chloe Ferns Qureshi Unit: Balaji Telefilms Limited, Non-Executive Director Karvy Selenium Tower B, Plot 31- (DIN: 02303283) Creative Director (Television) 32, Gachibowli, Financial District, Nanakramguda, Serilingampally Mandal, Hyderabad – 500 032. Mr. Ashutosh Khanna Mr. Sunil Nair Independent Director Tel: +91-40-67161500, 67162222 Chief Operating Officer (DIN: 03153990) Fax No.: +91-40-23431551 (ALT Digital) Toll Free No.: 1800-345-4001 E-mail: [email protected] Mr. Pradeep Kumar Sarda Ms. Ruchikaa Kapoor Website: www.karvyfintech.com Independent Director Head-Marketing & Branding (DIN: 00021405) (Motion Pictures) Mr. Virendra Babubhai Dalal Mr. Vimal Doshi Bankers Independent Director Head-Distribution Yes Bank Limited (DIN: 00247971) (Motion Pictures) ICICI Bank Limited HDFC Bank Limited Mrs. Divya Dixit Mr. Devender Kumar Vasal Axis Bank Limited Vice President-Marketing Independent Director Oriental Bank of Commerce (ALT Digital) (DIN: 06858991) State Bank of India Annual Report 2018-19 5 Balaji Telefilms Limited Corporate Identity Balaji Telefilms is India’s leading ALTBalaji is our direct to the creation of content entertainment provider, operating consumer digital business. Built for individual across television, movies and on original and exclusive shows consumption. digital mediums. The Company for India’s digital audiences. We has been influencing the social have created the binge viewing Chhayabani Balaji is a and entertainment agenda in India habit for India and pioneering the creator and producer of for over 2 decades and is widely Bengali content and has recognized for driving mass produced popular shows and entertainment on a daily basis. digital content. Our Television and Marinating Films Movie Production Private Limited business operates is a creator of under the Balaji intellectual Telefilms Brand. property rights We provide and producer of our audiences reality shows with the most and events. compelling and engaging content across diverse Brand EK is the genres. Our TV signature label shows have been comprising of instrumental in Indian ethnic wear setting the narrative and jewelry. for Indian audiences via the daily scripted show format. Our movies have been path breaking with both cult and commercial success. BRANDS 6 Winning Indian Hearts Everywhere! Corporate Overview Statutory Reports Financial Statements OUR VISION To consistently provide delightful and innovative entertainment experiences by engaging audiences and nurturing talent. OUR VALUES STORYTELLING EXCELLENCE We always delight We push the bar our audience with and never settle our content and PASSION COMPASSION for second-best. the way we deliver We go that extra We care about our it to them. INTEGRITY mile because we people, we listen, love what we do. We are honest and we take the initia- ethical in all our tive to understand dealings. what each one of us wants and work together as a team. Annual Report 2018-19 7 Balaji Telefilms Limited Message from Promoter Family Balaji has the unique ability to create compelling content and experiences across different mediums. 8 Winning Indian Hearts Everywhere! Corporate Overview Statutory Reports Financial Statements Dear Shareholders, the go consumption of content, a had the highest viewership and burgeoning middle class which continue to push the ratings. With It gives us immense pleasure to wants variety and yet staying more than two decades in the present to you the Annual Report rooted to Indian values and business, we believe that your for Financial Year 2018-19. This is a idioms. We remain certain that the company is better positioned than special year for your company as audiences desire to be entertained ever to navigate the increasingly it reaches an important landmark will not diminish. There is a growing complex challenges and thrive of completing 25 years and vacuum which needs to be filled in any market as we clearly celebrating its Silver Jubilee. Balaji which creates a big opportunity have our fingers on the pulse of Telefilms was established in 1994 for Balaji Telefilms. Balaji has the television viewers in the country. with only one Television show unique ability to create compelling Our business today operates like in hand and from those humble content and experiences across clockwork efficiency and is able beginnings, we are proud to have different mediums. Our multi to consider audience feedback built a sustainable and thriving decade understanding of the art on a weekly basis and deliver company, that continues to create of storytelling and choosing the hit content on a weekly basis, all the most compelling content, appropriate medium for each built on Balaji’s DNA for creating entertaining millions of Indians content makes us different from popular mass content.