THE SHOW HAS JUST BEGUN
BALAJI TELEFILMS LIMITED ANNUAL REPORT 2017-18
We entertain
viewers globally through delightful “ “ and passionate stories THE SHOW HAS JUST BEGUN
There is a perceptible change happening across the entertainment and media sector as India emerges as a leader in digital consumption driven by the unprecedented scale of internet penetration across the country.
From being in the business of storytelling on television, to creating blockbuster movies to now providing original and exclusive content through Over the Top (OTT) Subscription Video on Demand (SVOD) services on ALTBalaji, we have embarked on a transformational journey to build a scalable and profitable direct to consumer business that also owns valuable intellectual property rights.
We at Balaji Telefilms have been an early entrant in the exciting digital space and will continue to play an influential role in shaping our consumer’s entertainment needs by enabling content across mediums and formats - be it on television, a movie screen or an internet connected device. With over 150 hours of original content streaming in the first year itself of launch and a sizeable number of shows to be continuously added we believe THE SHOW HAS JUST BEGUN. TABLE OF CONTENTS 01 CORPORATE OVERVIEW An introduction to the report covering who we are, the Promoter Group & Leadership Team’s reflections on the year, notable events, our history, snapshot of our shows & movies and how we do business.
05 CORPORATE INFORMATION 06 OUR IDENTITY 08 PROMOTER FAMILY’S MESSAGE 12 COO & CFO MESSAGE 16 KEY FACTS 17 KEY HIGHLIGHTS 18 ENTERTAINING JOURNEY FOR OVER 2 DECADES 20 SUCCESSFUL BUSINESS PERFORMANCE 22 BUSINESS BUILT ON ENTERTAINMENT 24 OUR BUSINESSES 30 AWARDS 32 BOARD OF DIRECTORS
02 STATUTORY REPORTS An explanation of how we are organised, what the Board has focused on and how it has performed, how we communicate with our shareholders and how our Directors are rewarded.
MANAGEMENT DISCUSSION & ANALYSIS 36 BOARD’S REPORT 50 CORPORATE GOVERNANCE REPORT 81 BALAJI MOTION PICTURES LIMITED BOARD’S REPORT 212 INDEPENDENT AUDITOR’S REPORT 227 BALANCE SHEET 234 STATEMENT OF PROFIT AND LOSS 235 STATEMENT OF CASH FLOWS 236 STATEMENT OF CHANGES IN EQUITY 237 NOTES 238
MARINATING FILMS PRIVATE LIMITED BOARD’S REPORT 266 INDEPENDENT AUDITOR’S REPORT 275 BALANCE SHEET 282 STATEMENT OF PROFIT AND LOSS 283 STATEMENT OF CASH FLOWS 284 STATEMENT OF CHANGES IN EQUITY 285 03 NOTES 286 FINANCIAL ALT DIGITAL MEDIA ENTERTAINMENT LIMITED STATEMENTS BOARD’S REPORT 308 INDEPENDENT AUDITOR’S REPORT 324 The statutory financial statements and audit report of the Group and the subsidiary BALANCE SHEET 330 Companies. STATEMENT OF PROFIT AND LOSS 331 BALAJI TELEFILMS LIMITED STATEMENT OF CASH FLOWS 332 STATEMENT OF CHANGES IN EQUITY 333 STANDALONE FINANCIALS NOTES 334 INDEPENDENT AUDITOR’S REPORT 100 BALANCE SHEET 108 STATEMENT OF PROFIT AND LOSS 109 STATEMENT OF CASH FLOWS 110 CHHAYABANI BALAJI ENTERTAINMENT STATEMENT OF CHANGES IN EQUITY 112 PRIVATE LIMITED NOTES 113 BOARD’S REPORT 362 INDEPENDENT AUDITOR’S REPORT 371 CONSOLIDATED FINANCIALS BALANCE SHEET 378 INDEPENDENT AUDITOR’S REPORT 154 STATEMENT OF PROFIT AND LOSS 379 BALANCE SHEET 160 STATEMENT OF CASH FLOWS 380 STATEMENT OF PROFIT AND LOSS 161 STATEMENT OF CHANGES IN EQUITY 381 STATEMENT OF CASH FLOWS 162 NOTES 382 STATEMENT OF CHANGES IN EQUITY 164 NOTES 165 AGM NOTICE 402 4 Balaji Telefilms Limited.
The Show Has Just Begun CORPORATE STATUTORY FINANCIAL 5 OVERVIEW REPORTS STATEMENTS
CORPORATE INFORMATION Board of Directors Group Chief Executive Officer Mr. Jeetendra Kapoor Mr. Sunil Lulla Chairman (DIN: 00005345) Group Chief Operating Officer & Chief Executive Officer (ALT Digital) Mrs. Shobha Kapoor Mr. Nachiket Pantvaidya Managing Director (DIN: 00005124) Group Chief Financial Officer Ms. Ekta Kapoor Mr. Sanjay Dwivedi Joint Managing Director (DIN: 00005093) Group Head Secretarial Mr. Tusshar Kapoor Mrs. Simmi Singh Bisht Non-Executive Director (DIN: 00005088) Senior Management Mr. Ketan Gupta Mr. Arun Kumar Purwar Chief Operating Officer (Television) Independent Director (DIN: 00026383) Mrs. Chloe Ferns Mr. Ashutosh Khanna Creative Director (Television) Independent Director (DIN: 03153990) Mr. Sunil Nair Chief Operating Officer (ALT Digital) Mr. D.G. Rajan Independent Director (DIN: 00303060) Mrs. Nimisha Pandey Head-Fiction Content (ALT Digital) Mr. D.K. Vasal Independent Director Ms. Ruchikaa Kapoor (DIN: 06858991) Head-Marketing & Branding (Motion Pictures) Mr. Pradeep Kumar Sarda Independent Director Mr. Vimal Doshi (DIN: 00021405) Head-Distribution (Motion Pictures)
Mr. V.B. Dalal Ms. Priyanka Chaudhari Independent Director (DIN: 00247971) Vice President & Senior Counsel, Legal
Mr. Anshuman Thakur Registered Office Additional Director C-13, Balaji House, Dalia Industrial Estate, Opp. (DIN: 03279460) Laxmi Industrial Estate, New Link Road, Andheri (West), Mumbai – 400 053. Ms. Jyoti Deshpande Additional Director Tel: +91-22-40698000, Fax: +91-22-40698181/82 (DIN: 02303283) E-mail: [email protected] Website: www.balajitelefilms.com Bankers CIN: L99999MH1994PLC082802 Yes Bank Limited ICICI Bank Limited Registrar & Share Transfer Agent HDFC Bank Limited Karvy Computershare Private Limited, Axis Bank Limited Oriental Bank of Commerce Unit: Balaji Telefilms Limited, Karvy Selenium State Bank of India Tower B, Plot No 31 & 32 Gachibowli, Financial District, Nanakramguda, Serilingampally, Statutory Auditors Hyderabad – 500 032 Price Waterhouse Chartered Accountants LLP Tel: +91-40-33211500, 33215570 Fax: +91-40-23440674 Secretarial Auditors Toll Free No.: 1800-345-4001 MMJC & Associates LLP E-mail: [email protected] Website: www.karvycomputershare.com
Annual Report 2017-18 6 Balaji Telefilms Limited.
CORPORATE IDENTITY
Balaji Telefilms Limited (Balaji of Bengali content and Marinating Hoonur is a platform for media Telefilms) has emerged as Films Private Limited (Marinating professionals and entertainment India’s leading integrated media Films) is a creator of intellectual consumers used in both online conglomerate with market property (IP) rights and producer and mobile space. leadership in the television of reality shows and events. content industry, among other entertainment-led businesses. Brand EK is the signature label We have demonstrated success comprising of Indian ethnic wear in both films and television. and exquisite jewellery which is Pioneering widely diverse genres available in the online space and of content, our various brands through TV shopping networks. reflect our different businesses.
Today, our production house – Balaji Telefilms is synonymous with ground-breaking television content
Balaji Motion Pictures Limited (Balaji Motion) is a producer of pioneering cinematic content with the topmost industry talent; while ALT Entertainment is our cutting- edge, youth oriented brand.
ALT Digital Media Entertainment Limited (ALTBalaji) is our strategic foray into the Digital B2C entertainment category. We seek to build a consumer facing brand that offers original, premium and exclusive content for a global digital audience.
Chhayabani Balaji Entertainment Private Limited (Chhayabani Balaji) is a creator and producer
BRANDS
The Show Has Just Begun CORPORATE STATUTORY FINANCIAL 7 OVERVIEW REPORTS STATEMENTS
OUR VISION To consistently provide delightful and innovative entertainment experiences by engaging audiences and nurturing talent.
OUR VALUES
STORYTELLING PASSION INTEGRITY COMPASSION EXCELLENCE We always delight our We go that extra We are We care about our We push the bar audience with our mile because we honest and people, we listen, and never settle content and the way love what we do. ethical in all we take the initiative for second-best. we deliver it to them. our dealings. to understand what each one of us wants and work together as a team.
Annual Report 2017-18 8 Balaji Telefilms Limited.
PROMOTER FAMILY’S
MESSAGE Over the years, we have been motivated by “ one central theme – to consistently provide “an entertainment experience that keeps our audiences delightfully engaged.
The Show Has Just Begun