Sri Adhikari Brothers Television Network Limited is a prominent Indian media company, incorporated in 1994, specializing in content production and syndication to various broadcasters, aggregators, and satellite networks. The company was initially established in 1985 as a Partnership Firm named 'Sri Adhikari Brothers' by promoters Gautam Adhikari and Markand Adhikari. It was listed on the stock exchanges on June 9, 1999, and is currently chaired by Markand Adhikari.
As an India-based media entity, the company is primarily engaged in producing multi-lingual and multi-genre content, catering to diverse audiences across various Indian languages, including Marathi, Gujarati, Tamil, Telugu, and Kannada, among others.
The company's core operations revolve around the production of television software (serials) for popular channels such as Zee TV, EL TV, and Doordarshan. Its revenue streams are diversified, originating from both advertisement sales and the sale of television software programs. Sri Adhikari Brothers Television Network also extends its reach internationally by exporting its software to television channels in the UK, USA, and Africa.
The company boasts an extensive content library of 6,500 hours, with plans to add an additional 1,500 hours in the current year. Operating within the content production and distribution segment, it has successfully launched "Dillagi," a channel specifically targeted at LC1 markets, featuring a rich collection of Bollywood movies spanning various genres like family drama, romance, thriller, horror, and comedy.
Sri Adhikari Brothers Television Network has significantly expanded its broadcasting footprint. In 2010, it launched the music and comedy television channel "Mastiii," followed by two more channels, "Dabangg" and "Dhamaal," in 2011. Earlier, in April 2000, the company introduced its own free-to-air Hindi general entertainment channel, SABe TV, in collaboration with Turner International India Private Ltd, which currently reaches 23 million cable and satellite households.
Further solidifying its presence, the company acquired a 50% stake in MATV Channel 6 in the UK and secured slots on SunGemini and Udaya TV in South India. It also successfully launched SAB TV in the UK on BskyB's DTH platform, achieving a reach of 400,000 households.
As of July 2025, Sri Adhikari Brothers Television Network holds a market capitalization of ₹2,972 crores. The company's financial performance has shown fluctuations. For the quarter ended March 2025 (Q4 FY25), it reported a net profit of ₹0.44 crore, a significant improvement from a net loss of ₹5.35 crore in the corresponding previous quarter (March 2024). However, sales for Q4 FY25 declined by 43.27% to ₹1.39 crore from ₹2.45 crore in the prior quarter.
For the full financial year ended March 2025, the company recorded a net loss of ₹22.38 crore, slightly higher than the net loss of ₹21.27 crore in the previous year (FY24). Despite this, sales for FY25 saw a robust increase of 121.38%, reaching ₹6.11 crore compared to ₹2.76 crore in the previous year.
• Q4 FY25 Results: Revenue of ₹1.39 crore, Net Profit of ₹0.44 crore (as of March 2025)
• Full Year FY25: Sales of ₹6.11 crore (121.38% increase year-over-year)
• Debt Reduction: The company has reduced debt, and debtor days have significantly improved from 193 to 28.1 days.
• Market Capitalization: ₹2,972 crores (as of July 2025)
The company's corporate structure includes Westwind Realtors Private Limited as a subsidiary. Additionally, on April 4, 2012, the company incorporated "SAB Entertainment Network Private Limited" as a Wholly Owned Subsidiary Company. The broader Sri Adhikari Brothers Group is a diversified Indian Media & Entertainment conglomerate involved in Broadcast, films, content production, and publishing, with three listed entities: Sri Adhikari Brothers Television Network, TV Vision Ltd, and SAB Events and Governance.
The stock of Sri Adhikari Brothers Television Network has demonstrated remarkable volatility, surging an extraordinary 32,998% over two years, reaching a high of ₹540 from ₹1.5. While it has experienced recent declines, the company successfully implemented its Resolution Plan ahead of schedule. The stock is actively traded on both the National Stock Exchange (NSE) under the symbol SABTNL and the Bombay Stock Exchange (BSE) with the code 530943, positioning it as a key player in the media and entertainment sector as a content production and distribution company.
