About DEN Networks Limited

DEN Networks Limited is a mass media and entertainment company incorporated on July 10, 2007. The Company is engaged in the distribution and promotion of television channels through a large-scale digital cable distribution network, and also provides fixed broadband internet services through its subsidiary, DEN Broadband Limited, which operates under a Unified License for ISP Category “A” (License No. DS-11/448/2022-DS-III) issued by the Department of Telecommunications. As a subsidiary of Reliance Industries Limited (RIL), DEN benefits from strong group backing, operational synergies and strategic alignment within the wider Reliance ecosystem.

The Company has a broad national footprint, entertaining subscribers across 13 key states and over 450 cities and towns. Its strongholds include Delhi, Uttar Pradesh and Maharashtra. Operations are supported by tie-ups with major broadcasters and technology platforms such as a centralised NOC, CAS and SMS. DEN also partners with 14,000+ Local Cable Operators (LMOs), reflecting the scale of its last-mile reach, and reports 96% online collections, driven by robust internal controls and process digitisation.

As on March 31, 2025, DEN had 24 subsidiaries, following the amalgamation of several entities into Futuristic Media and Entertainment Limited (FMEL) with an appointed date of January 1, 2025. Earlier subsidiaries marked with “**” in the standalone financial statements were merged into FMEL. Key milestones include more than a decade of CATV operations, strong parent company backing, and the maintenance of a zero-debt profile with cash reserves of approximately ₹3,146 crore, reflecting a healthy balance sheet and readiness for expansion.

DEN Networks Limited Key Milestones

• Incorporation in 2007 and establishment of a pan-India digital cable distribution platform

• Expansion into broadband services through DEN Broadband Limited

• Subsidiary of Reliance Industries Limited, enabling group-wide synergies

• Consolidation of multiple subsidiaries into FMEL (effective January 1, 2025)

• Maintenance of zero-debt status with significant cash reserves

• Strong presence across 450+ towns and 13 states with 14,000+ LMOs

DEN Networks Limited Business Segments

The Company operates in two primary domains: digital cable distribution and fixed broadband services. Segment-wise revenue contribution percentages are not separately disclosed in the Annual Report.

DEN Networks Limited Key Management

• Sameer Manchanda – Chairman, Non-Executive Director

• S. N. Sharma – Chief Executive Officer

• Satyendra Jindal – Chief Financial Officer

• Hema Kumari – Company Secretary & Compliance Officer

Latest Updates on DEN Networks Limited

Subsidiary consolidation: Several step-down subsidiaries were amalgamated into FMEL with effect from January 1, 2025. The restructuring simplifies the corporate structure, strengthens governance and improves subsidiary oversight.

Technology resilience: DEN enhanced its technology backbone through a Disaster Recovery plan within the SAP environment, featuring real-time SAP HANA data replication and monitoring across system resources, along with a pan-India Asset Transfer Note system for real-time asset tracking and accounting.

Financial strength: The Company maintained a zero-debt position, supported by sizeable cash reserves and a conservative capital structure, demonstrating continued financial prudence.

Group developments: Star India Private Limited was added as a fellow subsidiary with effect from November 14, 2024, reflecting changes within the broader Reliance group ecosystem.

Operating scale and reach: DEN continued delivering services across more than 450 towns spanning 13 states, supported by industry partnerships, LMOs and strong broadcaster relationships.