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PUNE AHMEDABAD AGRA JAIPUR DELHI VARANASI LUCKNOW KANPUR HISAR VIZAG CHENNAI JALANDHAR JALGAON AHMEDNAGAR HYDERABAD NAGPUR SURAT AKOLA NANDED JAMSHEDPUR MUMBAI AJMER SOLAPUR KARNAL BAREILLY PATIALA GORAKHPUR VADODARA UDAIPUR MUSIC BROADCAST LIMITED Annual Report 2016-17 RANCHI BENGALURU COIMBATORE SANGLI MADURAI KOTA KOLHAPUR BIKANER NASHIK PATNA REPORT CONTENTS EQUITY SHARE 01-32 20.4% INFORMATION REVENUES MARKET CAPITALISATION CORPORATE OVERVIEW ST 02 Radio City leading the way in (31 MARCH, 2017) 39 markets ` 2,043.9 CRORES 04 Voice of leadership 06 Crowning moves round the year PROMOTERS’ HOLDING 08 Pioneering initiatives by Radio City 16.8% 10 Financial performance 70.58% 12 Chairman’s insight EBITDA 14 Ruling the airwaves since inception 16 India’s favourite radio brand NATIONAL STOCK 18 Leadership creates its own league EXCHANGE (NSE) 24 Culture, the invisible RADIOCITY differentiator for profitability 26 Be the change 32.7% 28 Board of Directors BOMBAY STOCK 29 Awards and recognition PROFIT AFTER EXCHANGE (BSE) 30 Voice of the City TAX 540366 32 Corporate information y-o-y growth in 2016-17 over 2015-16 33-94 STATUTORY REPORTS 34 Directors’ Report 68 Report on Corporate Governance ABOUT RADIO CITY 90 Management Discussion & Analysis Report Radio City, a part of Music Broadcast Limited (MBL) is a subsidiary of Jagran Prakashan Ltd. Radio City is the first and oldest FM radio broadcaster in 95-147 India. Radio City’s philosophy FINANCIAL STATEMENTS of ‘Rag Rag mein Daude City’ 95 Independent Auditors’ Report aims to invoke the feeling of City 100 Balance Sheet 101 Statement of Profit and Loss and other Pride amongst the citizens and comprehensive income galvanises a stronger emotional 102 Statement of Cash Flow connect with the listener through 104 Statement of Changes in Equity 106 Notes to financial statements a ‘micro local’ content approach that reflects the city’s fabric, culture and nuances. WE AREN’T AS INDIA’S FIRST AND LEADING RADIO BROADCASTER, WE JUST THE CITY’S CONTINUE TO STRENGTHEN OUR LEADERSHIP ACROSS THE FM CHANNEL. COUNTRY BY ALWAYS GIVING THE INDUSTRY MANY FIRSTS. WE ARE ITS OUR EXPERTISE LIES IN GIVING CLUTTER-BREAKING CONTENT TO OUR LISTENERS ACROSS THE NATION WITH A HIGH LEVEL OF IDENTITY. EFFICACY. OUR CONTENT RESONATES ACROSS INDIA’S DIVERSE AUDIENCE SPECTRUM WITH DISCERNING PREFERENCES. WE AREN’T JUST AN ENTERTAINMENT OVER THE YEARS, WE HAVE BEEN RECOGNISED AMONG GREAT DESTINATION FOR PLACES TO WORK AND THE AWARDS AND APPLAUDS THAT WE THE CITIZENS. RECEIVE NATIONALLY AND INTERNATIONALLY VALIDATE OUR EFFORTS TO BE A PREFERRED NETWORK FOR ADVERTISERS. OUR WE ARE PATRONS AND THE GROWING FRATERNITY OF STAKEHOLDERS ENCOURAGE US TO ENHANCE OUR PERFORMANCE IN PERHAPS THEIR VOICE. THE FASTEST GROWING SEGMENT OF THE M&E INDUSTRY. IN OUR MAIDEN POST-IPO REPORT, WE TAKE YOU THROUGH AN WE RUN THROUGH INTERESTING JOURNEY OF MUSIC BROADCAST LIMITED SINCE THE VEINS OF INCEPTION IN THE PRIVATE FM INDUSTRY. 39 CITIES. WE ARE THE BEAT, THE PULSE, THE ADRENALINE RUSH OF A CITY. RAG RAG MEIN DAUDE CITY…FM BOLE TOH 2 RADIO CITY LEADING THE WAY IN 39 MARKETS 91.9 FM 91.1 FM 91.1 FM104.8 FM 91.1 FM AGRA AHMEDABAD AHMEDNAGAR AJMER AKOLA Agra is famous for its Taj The vibrant culture of this Ahmednagar has stood Ajmer is known for its own Ganesh Chaturthi Mahal and is also home of city is not only restricted to witness to several brand of music - Fariyad, transforms Akola into the famous Agra Gharana. Garba, as Bhakti Sangeet historical events, and which is a compilation of a carnival-like fest with This city ranked 5th on and Gujarati folk songs its musical history was Qawaalis sung in devotion loud music and dances the financial penetration have also contributed created when Radio to Sufi Saint Khwaja on the streets with idol and consumption index, immensely. It was also City launched in the city Moinuddin Chishti. immersion processions. which indicates a city’s declared the 7th largest to become its first FM transformation into an credit centre nationwide station. urban town (Source: India’s by RBI as on June 2012 New entrepreneurs). (Source: RBI). 91.1 FM 91.9 FM 91.9 FM 91.1 FM 91.9 FM DELHI GORAKHPUR HISAR HYDERABAD JALANDHAR Delhi enjoys its ghazals Gorakhpur is home to folk Tracing its cultural Hyderabad gave us not Jalandhar celebrates the and thumris, as much as music categories such heritage to the Indus only Bahubali, but also Harballabh Sangeet Mela Bollywood’s chartbusters as Alha, Barahmasi and Valley Civilisation, Hisar Carnatic music gurus like every year in memory and Bhangras. The Gross Kajari. enjoys a local folk dance Saint Thyagaraja, Shyama of Swami Harballabh, State Domestic Product form called Ghoomar. Shastri and Muthuswami the legendary saint and of Delhi at current prices It also has a large steel musician of Jalandhar. increased to ` 5,51,963 industry and is known as Dixitar. It is also the second When it comes to crores during 2015-16 the ‘City Of Steel’. best Indian city for doing business, Jalandhar indicating a growth of business as declared by the manufactures 30% of 12.09% (Source: IBEF). World Bank Group in 2015. cricket equipment in India (Source: Jalandhar Business Opportunities, 2016). 91.1 FM 95 FM 91.1 FM 91.9 FM 91.1 FM KOTA KOLHAPUR LUCKNOW MADURAI MUMBAI Kota is famous for Kolhapur is an industrial Lucknow has been ranked The legendary singer and Mumbai is the home of its thriving coaching city with approximately sixth in a list of the ten Bharat Ratna recipient Bollywood and today, centres for medical and 300 foundries producing fastest growing job-creating M.S. Subbulakshmi Bollywood music has engineering entrances. exports with a value of cities of India. It also has a began her career in Indian seeped into every corner But not many people ` 15 billion per year culture of music and dance Carnatic music in the of the city’s life. Apart know that music plays a (Source: The Gazeeters that goes back to the temple city of Madurai. from Bollywood, it also soothing role in the hectic Department 2015). Mughal era. The city, once She learnt music from her contributes to 7% of the lives of these youngsters famous for its ‘Mujras’, has mother, who belonged to national GDP (Source: pursuing serious career been portrayed as such the ‘Devadasi’ community. Mumbai: India’s Global City). goals. in Bollywood movies like Umrao Jaan and Pakeejzah (Source: Assocham Placement, Department of MSME, GOI). 91.1 FM 91.9 FM 91.1 FM 91.1 FM 91.1 FM PUNE RANCHI SANGLI SOLAPUR SURAT Pune is emerging as a Ranchi stands at number Sangli is known as Solapur is the home of Surat is the largest diamond prominent location for IT nine on the ease of Natyapandhari as it is handloom and power hub in the entire world. It is and manufacturing. It has doing business in India the birthplace of Marathi loom weaving industry believed that 9 out of 10 the 8th largest metropolitan according to World Bank’s drama. Alongside drama, with around 6000 diamonds in Manhattan, New economy and the 6th Doing Business in India the city is known for its power loom industries York are from Surat. It is also highest per capita income survey of 2016. It is also allure towards folk and operational in the district. the biggest centre of MMF in the country. Apart from home to several popular traditional music forms. Beedi industry is the (man-made fibre) in India. this, it also hosts ‘Savai folk music artists like second most important It has a total of 381 dyeing Gandharva Bhimsen Jado Patiya, Santhali industry in Solapur. There and printing mills and 41,100 Mahotsav’, which is a Bhittichitra and Oraon are 115 units of 29 various power loom units. The overall three night long classical Bhittichitra (Source: World Beedi factories (Source: annual turnover is around music programme Bank). Maharashtra.nic.in). ` 5 billion (Source: Ministry of including both Hindustani Urban Development). and Carnatic music (Source: Census 2011). Corporate Overview Annual Report 2016-17 3 91.1 FM91.9 FM 91.1 FM 91.1 FM 91.1 FM BENGALURU BAREILLY BIKANER CHENNAI COIMBATORE Bengaluru is the With “Jhumka gira re, Many people don’t Chennai has been chosen Coimbatore is a birthplace of Carnatic Bareilly ke bazaar mein…” know that Taalbandi, under the Smart Cities cosmopolitan hub and music. This IT hub of being so famous, need we also known as Dangal programme by Government it hosts art, music and India also employs about say anything more? is one of the prime folk of India in 2015-16. Apart dance concerts in the 35% of India’s pool of 2.5 music forms practised in from this, the city also offers months of September and a concoction of classical million IT professionals Bikaner. Carnatic music, western December. It is also home and accounts for the contemporary music and to more than 17% of the highest IT-related exports the popular Kollywood fibre textile mills in India (Source: Confederation of in the country (Source: The movies (Source: IBEF). New York Times). Textile Industry). 91.1 FM 91.1 FM 91.1 FM 91.9 FM 104.8 FM JAIPUR JALGAON JAMSHEDPUR KARNAL KANPUR Music in Jaipur is largely Jalgaon’s famous dance This city is home to the Teej is the most popular Nautanki and Ram Leela influenced by the city’s Lavni is a major attraction first private iron and steel festival in Karnal, provide budding artists a royals and inspired by platform to grow in Kanpur.

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