DEN Networks Ltd.
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DEN Networks Ltd. - overview
Established
2007
Location
Mumbai, Maharashtra, India
Primary Industry
Media
About
Based in New Delhi, India, and founded in 2007, by Sameer Manchanda, DEN Networks Ltd. , aka DEN, operates as a distributor and promoter of television channels via analog and digital cable distribution networks, as well as internet broadband. In September 2016, Goldman Sachs Merchant Banking Division agreed to invest INR 1. 424 billion in DEN Networks Limited for a 6.
70% minority stake, and the deal was completed in October 2016. In March 2019, DEN Networks Limited issued 281. 45 million shares at INR 72. 66 each to Reliance Industries, raising the total shares outstanding to approximately 477.
23 million. Funds related to Reliance Industries also acquired a further 57. 49 million shares from incumbent shareholders. In April 2021, DEN Networks Limited issued a 2.
04% minority stake in Goldman Sachs Merchant Banking Division, retaining a 3. 7% minority stake in the company. DEN serves 13 million+ households across 13 key states and 433 cities in India. DEN offers digital cable entertainment (DEN Cable), high-speed broadband services (DEN Broadband), and an OTT entertainment app (DEN TV+) to individuals and corporate customers.
Current Investors
Goldman Sachs Asset Management
Primary Industry
Media
Sub Industries
Television & Film, Fiber Optics, Telecoms Providers & Services
Website
www.dennetworks.com
Verticals
Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
DEN Networks Ltd. - timeline of key events
DEN Networks Ltd. - financials
| Fiscal Year Ended | Mar 31, 2012 | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 11,295,190,000 | 8,965,170,000 | 10,980,210,000 | 11,126,970,000 | 12,585,830,000 | 11,573,400,000 | 12,851,010,000 | 12,060,650,000 | 12,914,520,000 | 13,074,040,000 | - | - | - |
| % Revenue Growth (YoY) | - | (20.6%) | 22.5% | 1.3% | 13.1% | (8.0%) | 11.0% | (6.2%) | 7.1% | 1.2% | - | - | - |
| EBITDA (USD) | 968,570,000 | 2,211,630,000 | 3,118,280,000 | 1,149,220,000 | 824,730,000 | 1,610,200,000 | 2,877,110,000 | (39,550,000) | 2,505,270,000 | 3,969,800,000 | - | - | - |
| Operating Income (USD) | 430,460,000 | 1,400,410,000 | 1,644,380,000 | (710,260,000) | (1,481,720,000) | (1,164,800,000) | 391,210,000 | (2,455,250,000) | 37,410,000 | 1,463,590,000 | - | - | - |
| Operating Margin | 3.8% | 15.6% | 15.0% | (6.4%) | (11.8%) | (10.1%) | 3.0% | (20.4%) | 0.3% | 11.2% | - | - | - |
| % EBITDA Margin | 8.6% | 24.7% | 28.4% | 10.3% | 6.6% | 13.9% | 22.4% | (0.3%) | 19.4% | 30.4% | - | - | - |
| NET Income (USD) | 185,620,000 | 779,350,000 | 751,410,000 | (1,216,480,000) | (2,300,580,000) | (1,895,690,000) | (171,190,000) | (3,005,500,000) | 586,380,000 | 1,889,210,000 | - | - | - |
| % Net Margin | 1.6% | 8.7% | 6.8% | (10.9%) | (18.3%) | (16.4%) | (1.3%) | (24.9%) | 4.5% | 14.5% | - | - | - |
DEN Networks Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Placement/Follow on | Completed | DEN Networks Ltd. | - | ||||||||
| Private Placement/Follow on | Completed | DEN Networks Ltd. | - | ||||||||
| PIPE | Completed | DEN Networks Ltd. | - | ||||||||
| PIPE | Completed | DEN Networks Ltd. | - |
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DEN Networks Ltd. - employee data
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