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Tag: Kumar Taurani

  • Sheher Ghumawa hits the right note for Soulmates

    Sheher Ghumawa hits the right note for Soulmates

    MUMBAI: Turn up the volume, the party has just begun. Tips Films and Tips Music have dropped Sheher Ghumawa, the high-octane first track from their upcoming film Soulmates, and it is already shaping up to be the season’s dance anthem.

    Belting out the vocals is none other than Mika Singh, with Sunny Vik’s foot-tapping music and Raj Fatehpur’s playful lyrics making it a surefire crowd-pleaser. The track, out on 30 September, leads up to the digital release of Soulmates on 17 October.

    The video adds an extra splash of colour, pairing Mika Singh with Hira Warina in a vibrant, visually striking sequence that matches the track’s celebratory mood.

    “This song sets the tone for Soulmates, uplifting, energetic and fun,” said Tips Music managing director Kumar Taurani. Mika Singh called it “infectious” and promised it will stay on party playlists for a long time. Composer Sunny Vik added that working on the song was about finding “the perfect balance of fun and meaning.”

    For actress Hira Warina, the track was pure joy to be part of. “It instantly lifts your mood,” she said.

    With its addictive rhythm and feel-good vibe, Sheher Ghumawa looks set to soundtrack many nights out before Soulmates hits screens in October.

  • Tips hits the high notes with Rs 16,656 lakh annual profit and major reappointments

    Tips hits the high notes with Rs 16,656 lakh annual profit and major reappointments

    MUMBAI: When the music plays at Tips, it’s more than just melody, it’s money, momentum, and management moves. On April 23, 2025, the board of Tips Music Limited (formerly Tips Industries Limited) struck a high chord, approving robust financial results and announcing key leadership reappointments in what was a blockbuster boardroom session.

    The company posted an impressive net profit of Rs 16,656.15 lakh for the year ended March 31, 2025, a 31 per cent jump over the previous year’s Rs 12,716.70 lakh. Total income surged to Rs 32,967.96 lakh from Rs 25,595.82 lakh in FY24, riding on strong revenues from operations totalling Rs 31,068.73 lakh, up from Rs 24,158.07 lakh.

    Tips also declared and disbursed dividends totalling Rs 7 per share across three quarters, resulting in a Rs 8,948.21 lakh payout to shareholders. Meanwhile, the company executed a buyback of 5.95 lakh equity shares at Rs 625 per share, worth Rs 3,718.75 lakh, showcasing confidence in its valuation and balance sheet.

    In leadership harmony, the board re-appointed Kumar Taurani as chairman and managing director for a further three-year term starting 1 June 2025. Known for building one of India’s most vibrant music catalogues and guiding the company through decades of transformation, Kumar Taurani remains central to TIPS’ continued growth.

    Joining him in the encore are Ramesh Taurani and Girish Taurani, reappointed as executive directors. The trio brings over 100 years of collective experience in the entertainment business, a fact that resonates with the company’s sustained success in a competitive media landscape.

    The board also greenlit appointments of M/s. Grant Thornton Bharat LLP and Maheshwari & Co. as internal auditors, and M/s. NL Bhatia & Associates as secretarial auditors for a five-year term. These moves reinforce the company’s governance framework as it tunes up for its next growth phase.

    The quarter ended March 2025 alone saw profits of Rs 3,061.13 lakh, with a total comprehensive income of Rs 3,063.46 lakh. Earnings per share (EPS) stood at Rs 13.02 for FY25 compared to Rs 9.90 the previous year. The company continues to operate in a single segment Audio/Video Products with music licensing, royalty income, and digital content driving performance.

    Tips has also settled a long-pending dispute with Wynk, recognising Rs 1,200 lakh in revenue during the year following consent terms filed with the Bombay High Court another legal note wrapped with commercial finesse.

    From emotional ballads to bold boardroom decisions, Tips Music is orchestrating a growth symphony with strategic foresight, family-led leadership, and consistent financial crescendos. With Rs 33,940.28 lakh in total assets and a sharp focus on shareholder value, the beat goes on.

  • Tips Music Limited records Rs 6,482.69 lakh revenue in Q3 FY25

    Tips Music Limited records Rs 6,482.69 lakh revenue in Q3 FY25

    MUMBAI: Tips Music Limited, one of India’s leading entertainment companies, has struck a harmonious chord with its Q3 FY25 results. Founded by the entrepreneurial Kumar Taurani, the company grew from humble beginnings to an entertainment powerhouse with an estimated valuation of Rs 2,500 crore. Known for its vast library of over 25,000 songs and its knack for identifying talent, Tips Music has become synonymous with Indian cinema hits and evergreen melodies.

    As competition heats up, Tips Music faces stiff challenges from heavyweights like T-Series and Saregama, which dominate the Indian music industry with their extensive catalogues of film, devotional, and indie music. But Tips isn’t just playing second fiddle—it’s expanding aggressively into the digital space, forging partnerships with streaming giants and exploring new verticals like live events and licensing. The acquisition of regional music rights and a foray into independent artist promotions show that Tips is striking all the right notes.

    But as with any chart-topper, the journey comes with its share of high notes and challenges. Will Tips Music hit a crescendo, or will it need to retune to keep up with the industry tempo?

    In Q3 FY25, Tips Music achieved total income of Rs 6,825.79 lakh, up from Rs 6,466.33 lakh in the previous quarter. Other income contributed Rs 344.70 lakh, adding depth to the financial performance. Expenses, however, surged to Rs 5,911.24 lakh, with content costs hitting Rs 2,271.01 lakh and employee benefits reaching Rs 344.70 lakh.

    Despite these expenses, the company played a strong financial tune. The Profit Before Tax (PBT) stood at Rs 914.55 lakh, showcasing operational efficiency amidst rising costs. The Profit After Tax (PAT) for the quarter stood at Rs 422.65 lakh, reflecting solid profitability in a competitive entertainment industry. Notably, the EBITDA for the quarter came in at Rs 1,455.15 lakh, demonstrating the company’s ability to manage operations effectively.

    When it comes to shareholder rewards, Tips Music hit all the right notes with its consistent dividend strategy. The company declared a third interim dividend for the financial year 2024-2025 at Rs. 3/- per equity share (a staggering 300% on the fully paid-up shares of Re. 1/- each). Now, isn’t that the kind of tune investors love to groove to?

    For the nine months ended 31 December 2024, Tips Music posted total revenues of Rs 23,219.78 lakh, a significant rise from the previous year’s Rs 17,832.57 lakh. PAT for this period reached Rs 1,359.02 lakh, reinforcing the company’s ability to balance growth and profitability. With EBITDA for the nine months clocking in at Rs 4,107.34 lakh, the company has shown resilience and operational finesse despite a challenging landscape.

    The company’s continued focus on content creation and digital distribution has paid off, with streaming platforms driving revenue growth. The entertainment industry, buoyed by growing digital consumption, provides a ripe environment for the company to expand its presence.

    As the entertainment landscape evolves, competition intensifies. Will Tips Music continue to hit the high notes, or will the cacophony of new entrants drown out its melody? Can their vast library of over 25,000 songs keep listeners grooving, or will shifting consumer preferences force them to remix their strategy?

    But let’s face it—staying on top of the charts takes more than just one hit single. It requires a finely tuned orchestra of innovation, agility, and maybe even a few encores.

     

  • TIPS industries reports 40 per cent revenue growth, 61 per cent PAT increase Y-o-Y

    TIPS industries reports 40 per cent revenue growth, 61 per cent PAT increase Y-o-Y

    Mumbai: TIPS Industries Ltd (Tips Music), a music label which creates and monetises music, announced its financial results for the quarter ending 30 June 2024.

    Revenue from Operations  73.9  52.6  40%  63.3  17%  241.6  186.8  29%
    Op. EBITDA  54.4  35.0  55%  30.2  80%  158.5  101.9  55%
    Op. EBITDA %  73.6%  66.6%    47.7%    65.6%  54.6%  
    Op. EBIT  58.4  36.5  60%  35.0  67%  170.9  105.9  61%
    PAT  43.6  27.1  61%  25.8  70%  127.2  76.5  66%
    PAT Margin  58.9%  51.5%    40.7%    52.7%  41.0%  

    Commenting on the Results,

    Kumar Taurani – chairman & managing director said, “I am delighted to share with you that the Q1 FY2025 has been remarkable for us. Our revenue for the Quarter stood at Rs  73.9 Crores up by 40 per cent YoY with a PAT of Rs  43.6 Crores increasing by 61 per cnet YoY. This demonstrates our commitment to growing and improving our business. In Q1 FY25, we released around 97 new songs out of which, 18 were new Film songs and 79 Non-Film songs. Our primary focus is always on quality music. We have successfully completed the buyback of shares amounting to Rs 46.62 crores inclusive of all taxes for non-promoter shareholders. We remain committed to returning value to our shareholders.”

    Girish Taurani – executive director said, “Last quarter, our notable releases ‘Choli ke Peeche’ and ‘Naina’ from the movie Crew each surpassed 100 million views on YouTube. Our track ‘Soni Soni’ from Ishq Vishk Rebound reached the top 10 on Spotify charts. Other songs from the film, including ‘Ishq Vishk Pyaar Vyaar’ and the revamped “Gore Gore Mukhde Pe” by Badshah, have also been well received, reflecting our dedication to delivering engaging music content.

    Hari Nair – chief executive officer said, “Our music is experiencing solid growth across all digital platforms, with YouTube, Spotify, and Jio Saavn being key drivers for both new releases and our catalogue.” 

  • TIPS Industries onboards Kiran Dcruz as senior vice president for brands and partnerships

    TIPS Industries onboards Kiran Dcruz as senior vice president for brands and partnerships

    Mumbai: TIPS Industries Ltd. (TIPS), a leading player in the music and entertainment industry, today announced the appointment of  Kiran Dcruz as senior vice president for brands and partnerships. In his new role, Kiran will lead the strategy for the TIPS Music brand and build collaborative partnerships between brands, artists and music.  

    With over two decades across various sales and business head roles in the TV, Radio and Music industry, Kiran Dcruz will bring his deep understanding of the entertainment sector to his new role. His expertise in strategy, music licensing, content creation and team management aligns seamlessly with TIPS Industries’ commitment to innovation and growth. Prior to joining TIPS Industries, Kiran served as head of brand Partnerships at Sony Entertainment Talent Ventures, where he played a pivotal role in setting up India’s first Metaverse consulting company for Brands and Talent.  

    Chairman and managing director, Kumar Taurani said, “We welcome Kiran to Tips Industries. We leverage his extensive experience to drive strategic brand initiatives and expand the company’s footprint in the evolving entertainment and media landscape. This is in line with our commitment of delivering 30 per cent growth to our investors”

    TIPS Industries C.E.O Hari Nair mentions “Kiran is an experienced creative professional who has a proven track record in ideating and creating great partnerships between music, artists and brands. His expertise aligns very well with our objectives of opening up new revenue streams for Tips. I wish him the best”

    TIPS Industries senior vice president of brands and partnerships Kiran Dcruz said, “I’m delighted to become a part of TIPS Industries, a goldmine of music content. Tip’s music is working wonders now & it’s the perfect time to re-imagine opportunities and create music experiences through strategic brand partnerships. I look forward to contributing to the revenues & growth of our company”

    Kiran has previously worked with brands like MTV, Fever, Red FM, Radio One and Sony Music Entertainment, handling multiple roles.  At Sony Music Entertainment, he was the director of brand partnerships and music Licensing for eight years and was instrumental in setting up the Brand vertical. This was followed by his role as head of brand Partnerships at Sony Entertainment Talent Ventures prior to joining TIPS Industries.

  • Tips Industries records highest quarterly revenue

    Tips Industries records highest quarterly revenue

    Mumbai: TIPS Industries Ltd (Tips Music), a leading Indian music label which creates and monetises music, announced its financial results for the quarter ending 30 September 2023.

    Key financial performance

    Key Highlights:

    ✔ Recorded highest ever quarterly revenue of ₹ 60.9 Cr, a growth of 23% y-o-y. Revenue for H1 FY24 stood at ₹ 113.5 cr up 35% y-o-y

    ✔ The content cost for the quarter stood at ₹ 4.7 Cr compared to ₹ 17.2 Cr in Q2 FY23

    ✔ For Q2FY24 the company released 130 new songs. Out of 130 new songs, 62 were new film songs and 68 Non-Film songs

    ✔ YouTube subscribers now stand at 89.7 Mn. For Q2FY24 YouTube views were 50.9 Bn up 86% y-o-y

    ✔ The Board of Directors have approved an interim dividend of ₹ 2.00 per share for Q2 FY24 taking the total interim dividend for H1 FY24 to ₹ 3.00 per share; as part of our ongoing efforts to reward our shareholders

    ✔ Mr. Hari Nair has joined as the company’s new Chief Executive Officer. He brings in 25 years of overall experience, of which the last two decades were in the music ecosystem

    Commenting on the results, chairman & managing director Kumar Taurani said, “I am pleased to announce that Tips has achieved the highest ever quarterly revenue of Rs. 61 crore, representing a growth of 23% year-on-year. This achievement is a testament to the hard work and dedication of our entire team.

    During this period, we released a total of 130 new songs of which, 62 were captivating new film songs and 68 were non-film songs. This diverse range of music showcases our ability to cater to a wide spectrum of tastes and preferences, solidifying our position as one of the leading music labels in the industry. In the digital realm, our YouTube channel subscriber numbers have reached 89.7 mn while our YouTube views for Q2FY24 reached 50.9 bn up 86% y-o-y. This reflects the popularity of our repertoire. I want to share another positive development with you. Mr. Hari Nair has recently joined us as our CEO. He has over 25 years of diverse experience in media and technology. Mr. Nair brings a wealth of knowledge and expertise to our organization. His extensive background in the music industry, spanning two decades, further strengthens our leadership team. I am confident that under his guidance, we will continue to innovate and thrive in this dynamic industry.

    I want to express my gratitude to all our stakeholders who have supported and believed in our vision. We remain committed to delivering exceptional music experiences and exploring new avenues for growth.”

  • TIPS Industries receives favourable judgment in dispute against Wynk

    TIPS Industries receives favourable judgment in dispute against Wynk

    Mumbai: TIPS Industries Ltd., India’s music label and a leading player in the music and entertainment industry, has announced that the company had received a favourable judgement from the Division Bench of the Hon’ble Bombay High Court in their legal proceedings against Wynk Ltd. The judgment highlighted the fact that Wynk Ltd. had utilised TIPS Industries’ content without a formal commercial arrangement and disallowed Wnyk from using any part of the TIPS repertoire and upheld previous single bench judgment by the Hon’ble Justice S J Kathawalla.

    A spokesperson from TIPS Industries Ltd. said, “We hold the court’s decision in high regard and appreciate its thorough examination of the case. Our primary objective throughout this process has been to ensure that the rights of copyright holders are upheld. We hope this judgment will serve as a landmark for similar cases in the entertainment industry, emphasising the importance of copyright laws.”

    The court’s judgment provides a detailed and objective interpretation of certain provisions of the Section 31D of the Copyright Act, 1957.

    In summary, a dispute between TIPS Industries and Wynk Ltd. concerned the utilisation of TIPS Industries’ repertoire by Wynk Ltd. without an established commercial agreement. Over the course of the dispute, despite multiple communications and efforts to reach a commercial resolution, a mutual agreement could not be achieved. As a result, TIPS Industries requested Wynk to remove the entire TIPS repertoire from its platform, failing which and followed by a statutory license notice issued by Wynk to Tips, Tips had to seek refuge under the legislative framework before the Hon’ble Bombay High Court.

    Tips managing director Kumar Taurani had to say, “It’s been a long journey on this case, since 2016 from its start and between Covid-19 and right until today. We are grateful for this order and sincerely thank the judicial system. There’s no doubt that we have lost business and faced losses over these last 7 years but this judgement paves the way forward for all copyright holders. We are here to do business and now that there’s a clear legal mandate we hope that this will further fuel Tips’s growth.”

  • Tips Industries ropes in Hari Nair as its new CEO

    Tips Industries ropes in Hari Nair as its new CEO

    Mumbai: Tips Industries Limited (“TIPS”), a public-listed music-company, has appointed Hari Nair as the company’s new chief executive officer. Nair brings in 25 years of overall experience, of which the last two decades were spent in the music ecosystem. With this appointment, TIPS aims to strengthen its core leadership team, as well as focus on driving revenues further, be it through increasing its music distribution capabilities or expanding into new domains of music monetization. Nair will be responsible for leading the company into its next phase of growth, amidst the fast-changing digital trends and a vibrant content ecosystem in India’s entertainment industry.

    On this appointment, Tips managing director –Industries Limited Kumar Taurani commented, “We are extremely delighted to appoint Hari as our chief executive officer. Hari has 360-degree experience of music ecosystem – starting from music distribution companies like Soundbuzz & Mauj Mobile, to heading digital business for a global music company Sony Music India, and then leading performance rights organization PPL India’s digital transformation. With an experienced hand like Hari being added to our core teams, combined with our strength in music content creation and acquisition, we aim to achieve higher revenues and continue to deliver value for our shareholders”.

    Speaking on his new role, Nair said, “I am absolutely delighted to become a part of the TIPS team. It is an honour for me to lead an organization with a quality music catalogue and focused content acquisition strategy, which is known for its longevity in the music industry and continues to steadily grow its market share. TIPS continues to deftly navigate through India’s ever-evolving digital landscape, thanks to the promoters’ experience, and a clear vision. The company’s brilliant track record of profitable growth speaks volumes about its management’s endeavour to maximize shareholder returns. As the company stands at a pivotal juncture in its journey, I am humbled and equally excited to be a part of this aggressive journey. I would like to extend my utmost gratitude to Kumar Taurani and the board members, for showing faith in my candidature to lead this company.”

    Joining ByteDance in 2019, Nair led the South Asia region for music partnerships and licensing for all ByteDance which gave him a multi-regional exposure in ByteDance ecosystem, launching their music streaming service Resso first in India, and the overall experience with apps like TikTok, Helo, Capcut, etc. Further, Nair was entrusted with a larger multi-region role (Middle East, Africa, Turkey and South Asia) for Artist Services division at TikTok, where he was primarily responsible for launching SoundOn (music distribution service), driving the business P & L for the region and also ensuring support for local artist / music labels. His music journey started with Asia’s first online music store “Soundbuzz”, which was acquired by Motorola. Prior to his long innings in the music arena, Nair also worked in the IT services industry.

     

  • Amazon Prime Music to add Tips Music to its ever-expanding ad-free selection

    Amazon Prime Music to add Tips Music to its ever-expanding ad-free selection

    Amazon today announced the launch of Tips Music, adding more than 25,000 chart-topping tracks to a vast catalog of millions of Indian and international songs on Amazon Prime Music. Soon to be launched as a Prime benefit at no additional cost, Amazon Prime Music will also include the latest releases from Tips Music on its ad-free streaming service.

    “With the addition of Tips Music’s catalogue of 25,000 hit songs to our selection of music, Amazon Prime Music customers in India will soon be able to enjoy the super hit 90s Bollywood melodies, taking them down memory lane. Customers will also have an easy discovery of one of the largest collection of Indian devotional music across songs by deities, playlists for the morning prayers or just enjoy uninterrupted chants stations to get through the day, all ad-free on the Amazon Prime Music app” said Sahas Malhotra, Director, Amazon Music, India.

    “Tips Music is one of India’s leading music labels and has a catalog that has some of the biggest hits from the 90s’ up to today. A catalog that boasts of super hits like Ajab Prem Ki Gazab Kahani, Race, Ramaiya Vastavaiya, Kismat Konnection, Barsaat, Taal, Mann, Pardes, Raaz, Raja Hindustani and more. Tips Music has a catalog that covers an era where melodies ruled the Indian music industry. The label has a host of releases lined up and will be available on Amazon Prime Music,” said Kumar Taurani, MD, Tips Music.

    Amazon Prime already offers unlimited free One-day and Two-day delivery for over 11 million products online to over 100 cities, 30 minutes early access for members on top deals and more benefits for an unparalleled shopping experience and instant access to latest movies and TV shows. Customers who are not already Prime members can learn more about the program at www.amazon.in/prime

  • Javed Akhtar revamped IPRS’s new chairman

    MUMBAI: Fresh elections were held after more than a decade in the revamped IPRS, in which both the authors (music composers and lyricists) and publishers (music labels) participated. These elections have the backing of the author and publisher community in India. Renowned poet and writer, Javed Akhtar, was unanimously elected as the chairman of the new board.

    The revamped IPRS has adopted a new working constitution and is fully in sync with the Amended Copyright Act. The primary objective of this constitution is to ensure rightful royalty flow to all the rights owner, while simplifying licensing process for the end users.

    Akhtar said, “IPRS has turned over a new page and a new chapter has started, where there is no WE and THEM, only US. Writers, composers and publishers have risen above the past conflicts and have a taken a pledge to work together for the enhancement of Indian Music Industry’s reach and prosperity.”

    “This is a historic moment for the music industry, and will act as catalyst of growth for all stakeholders. We look forward to IPRS achieving new heights under the leadership of Javed saab,” said Saregama India managing director Vikram Mehra.

    The newly elected members on the board are Javed Akhtar, Shridhar Subramaniam, Aashish Rego, Kumar Taurani, Rajinder Singh Panesar, Devraj Sanyal, G.V. Prakash Kumar, Ganesh Jain, Anupam Roy, Mandar Thakur, Sahithi Cherukupalli and Vikram Mehra.

    The Indian Performing Right Society Ltd. (IPRS) owns, administers and currently controls the Performing Right in Musical Works and Literary Works assigned to it by its owner members.