About Digidrive Distributors Limited

Digidrive Distributors Limited is a Kolkata-headquartered master distributor incorporated in 2022 and part of the RP–Sanjiv Goenka Group. The Company specialises in retail goods distribution across leading digital marketplaces, with an exclusive focus on Saregama’s Carvaan range as its master distributor. Its operations are B2B-led and supported by a strong ERP backbone, streamlined logistics and optimised workflows that enable fast delivery fulfilment and efficient management of online listings. Digidrive’s equity shares are listed on both BSE and NSE, and its registered office is located at 33, Jessore Road, Dum Dum, Kolkata – 700 028.

Digidrive bridges nostalgia and contemporary digital reach by distributing Carvaan products that come pre-loaded with evergreen audio tracks, while also running a comprehensive digital marketplace model. Its digital storefront capability includes mobile applications, digital catalogues, content management tools, promotions handling features and secure payment gateways. The Company’s product suite spans the Carvaan Digital Audio Player (250–5,000 tracks), Carvaan Mini, Carvaan Music Bar and Carvaan Mobile, combining timeless melodies with modern functionality.

The Company serves customers across India and recorded sales to “Other Countries” in FY 2024–25, indicating early international traction while maintaining a predominantly domestic footprint.

As of March 31, 2025, Digidrive had one subsidiary, classified as material under Listing Regulations. Through this subsidiary, the Group publishes OPEN, a weekly magazine covering current affairs and long-form features—strengthening its presence in both content and distribution ecosystems.

Key milestones include the transfer of Saregama India Limited’s e-commerce distribution business, along with certain identified non-core assets (including investments in the publication business), to Digidrive under a Scheme of Arrangement sanctioned by the NCLT, Kolkata Bench, on June 22, 2023, with an appointed date of April 01, 2022. The Annual General Meeting for FY 2024–25 is scheduled for September 12, 2025, via VC/OAVM.

Digidrive Distributors Limited Key Milestones

Milestones include:

• Incorporation in 2022 under the RP–Sanjiv Goenka Group. 
• Listing of equity shares on BSE and NSE. 
• Transfer of Saregama’s e-commerce distribution business under NCLT-approved Scheme of Arrangement. 
• Becoming the exclusive master distributor for Saregama’s Carvaan product portfolio. 
• Expanding digital marketplace capabilities across logistics, applications and ERP systems. 
• Publishing of OPEN magazine through its material subsidiary. 
• Recording first set of international sales in FY 2024–25. 

Digidrive Distributors Limited Business Segments

The Annual Report does not provide a product-wise or geography-wise revenue split beyond “India” and “Other Countries”; hence, only descriptive segmentation is presented.

• Digital Marketplace Distribution: Carvaan products (Digital Audio Player, Mini, Music Bar, Mobile). 
• Technology-enabled Storefront Solutions: Digital catalogues, app-based management, payment gateway integration, content tools. 
• Publishing: Through its material subsidiary, issuance of OPEN weekly magazine. 

Digidrive Distributors Limited Key Management

• Alok Kalani – Chairman 
• Kiran Bhaskar Bandekar – Managing Director 
• Asish Kumar Ray – Chief Financial Officer 
• Kriti Jain – Company Secretary & Compliance Officer 

Latest Updates on Digidrive Distributors Limited

Strong financial performance:
The Company reported a robust year, with consolidated net profit rising 95% year-on-year and operating profit margin improving to 18.98% in FY 2024–25, supported by Carvaan demand and deeper penetration across online marketplaces.

Technology initiatives:
Digidrive announced plans to enhance its technology ecosystem by establishing a dedicated data centre, upgrading software capabilities and deploying APIs for seamless integration with third-party providers—strengthening its digital commerce infrastructure.

Portfolio and brand partnerships:
The Company is exploring product diversification beyond Saregama’s physical offerings and intends to partner with complementary brands for campaign-based promotions, curated bundles and marketplace-aligned offers.

Market reach:
Revenue from “Other Countries” during FY 2024–25 signalled the early stages of an emerging international presence, while the Company continued to serve customers across India.

Corporate structure:
As of March 31, 2025, Digidrive remained a subsidiary of Composure Services Private Limited and maintained one material subsidiary under Listing Regulations.