Network18 Media & Investments Limited
NETWORK18.NS · NSE
Company research
Network18 Media & Investments Limited (NETWORK18.NS) is one of India's largest and most diversified media and entertainment conglomerates, incorporated in 1996 and headquartered in Mumbai, operating as a subsidiary of Reliance Industries Limited. The company's extensive portfolio spans television broadcasting, digital content, print media, filmed entertainment, e-commerce, and allied businesses, with its subsidiary TV18 Broadcast Limited managing India's largest news network across 20 channels in 16 languages — featuring marquee brands such as CNBC-TV18, CNN-News18, News18 India, and CNBC Awaaz — alongside a broad suite of entertainment channels under names like Colors, MTV India, and Nickelodeon via its joint venture Viacom18. In the digital space, Network18 operates India's No. 2 digital news publisher, with leading platforms including Moneycontrol, News18.com, CNBCTV18.com, Firstpost, and JioCinema, collectively attracting over 180 million unique visitors per month, while its hyperlocal initiative Local18 covers nearly 300 districts across the country. For the fiscal year FY26, Network18 reported annual revenue of approximately ₹21.21 billion, with a market capitalisation of around ₹49.28 billion, reflecting its commanding presence across India's evolving media landscape under the leadership of CEO Avinash Kaul.
Research reports
ICRA reaffirms Network18’s short‑term ratings at [ICRA]A1+, emphasizing strong strategic, financial and managerial linkages with parent Reliance Industries, diversified media presence across TV, publishing and digital, and adequate liquidity, while highlighting modest operating profitability, high reliance on short‑term debt, refinancing risk, and vulnerability of advertisement revenues to economic cycles and competition from digital players.
CARE Ratings Limited · December 15, 2025Network18 Media and Investments LimitedCARE Ratings reaffirms Network18’s long‑term/short‑term bank facilities at CARE AAA; Stable/CARE A1+ and its commercial paper at CARE A1+, citing strong promoter support from the Reliance group, strategic importance of the news media business to RIL’s ecosystem, dominant and diversified news brands with growing digital reach, and valuable indirect stake in JioStar, while noting moderate leverage, weak profitability and cyclicality in advertisement‑driven revenues as key risks.