City Pulse Multi - City Pulse Multi
Financial Performance
Revenue Growth by Segment
Not disclosed in absolute INR; however, the company is positioned to capture growth in the Indian online video market, which is projected to grow at a 26% CAGR to reach US $4.5 billion by 2025, and the SVoD market, expected to grow at a 30% CAGR.
Geographic Revenue Split
Primary operations are concentrated in Ahmedabad, Gujarat, with existing screens at Iskcon Circle and planned expansions in Khokhra and Maninagar.
Profitability Margins
The company reported a profit and total comprehensive income for the financial year ended March 31, 2025, though specific percentage margins were not disclosed in the available documents.
Capital Expenditure
The company executed a significant capital event by allotting 4,275,900 equity shares at an issue price of Rs. 358 per share (totaling approximately INR 153.07 Cr) for the acquisition of Matrubharti Technologies Private Limited in January 2026.
Operational Drivers
Raw Materials
Intellectual property and content rights for films, web series, and short stories represent the core 'raw materials' for the content division.
Capacity Expansion
Current capacity includes 2 screens at Iskcon Circle, Ahmedabad. Planned expansion includes 3 additional screens at Khokhra, Maninagar, and a weekend villas club & resort project at Matar, Kheda.
Logistics & Distribution
The company utilizes a 30,000+ strong retail network to support its content distribution and product development efforts.
Strategic Growth
Expected Growth Rate
26-30%
Growth Strategy
Growth will be achieved through the acquisition of Matrubharti Technologies (INR 153.07 Cr deal), the launch and scaling of the 'WOWPLEX' OTT platform, expanding cinema screen presence in Ahmedabad, and diversifying into sustainable projects like solar parks and resort developments in Matar, Kheda.
Products & Services
OTT subscriptions (WOWPLEX), cinema tickets, digital content rights (movies, web series, short stories), weekend villas, and solar energy generation.
Brand Portfolio
WOWPLEX, Matrubharti.
New Products/Services
WOWPLEX OTT platform, weekend villas club & resort project, and a solar park at Matar Kheda.
Market Expansion
Expansion focused on the Ahmedabad metropolitan area and the Kheda district in Gujarat.
Strategic Alliances
Association with Luv Kush School of Education at Matar, Kheda for event-based promotions.
External Factors
Industry Trends
The industry is shifting toward digital behaviors with a 26% CAGR in the online video market. SVoD is expected to reach US $1.9 billion by 2025, driven by increased in-home consumption and 100% FDI limits in cable and DTH platforms.
Competitive Landscape
The market is evolving into an asymmetrical growth phase where video streaming competition is intensifying, requiring deep customer insights to maintain market share.
Competitive Moat
Durable advantages include a decade-old experience in content creation, a 30,000+ retail network, and established relationships with major TV channels and production studios across multiple Indian languages.
Macro Economic Sensitivity
Highly sensitive to post-pandemic consumer optimism and the 'directional return' to celebration-based consumption, which drives demand for entertainment.
Consumer Behavior
Shift toward immersive and diverse digital content, with accelerated adoption of digital entertainment due to stay-at-home trends.
Regulatory & Governance
Industry Regulations
Operations are subject to the Ministry of Information and Broadcasting (since Nov 2020) and the IT Act, specifically Sections 69 (interception/blocking), 66A, and 67B (offensive/obscene material).
Environmental Compliance
The company has established an ESG roadmap and is developing a solar park at Matar Kheda to promote sustainable development.
Risk Analysis
Key Uncertainties
Regulatory evolution of the IT Act and potential content blocking by authorities represent significant business risks with unpredictable impact percentages.
Geographic Concentration Risk
High concentration in Gujarat, specifically Ahmedabad and Kheda districts.
Technology Obsolescence Risk
The company is mitigating traditional media obsolescence by transitioning to a 'pure-play content' model via the WOWPLEX OTT platform.