SITI Networks Limited, also known as Siti Cable, is a privately owned Indian company founded in 1994. Its primary business is providing pay television services. Part of the Essel Group, SITI Networks' broader portfolio includes assets in media, packaging, entertainment, technology services, infrastructure, and education. In 2020, the company's revenue was less than $500 million.
An arbitral tribunal dismissed all claims made by Aditya Birla Finance Limited against Zee Entertainment Enterprises Limited regarding a ₹174.57 crore arbitration dispute related to a loan provided to Siti Networks Limited. Siti Networks reported a net loss of ₹529.02 million for the quarter and ₹1421.70 million for the nine months ending December 31, 2024. Accumulated losses reached ₹29364.96 million, resulting in a negative net worth of ₹12411.66 million and negative working capital of ₹16474.65 million. The group also incurred a net loss of ₹667.61 million for the quarter and ₹1684.50 million for the nine months ending December 31, 2024. Accumulated group losses totaled ₹28114.35 million, with a negative net worth of ₹11178.99 million. The company's continued operation is uncertain due to the ongoing Corporate Insolvency Resolution Process (CIRP). Siti Networks defaulted on loan repayments totaling INR 1206.03 crore to several banks, including ARCIL, IDBI Bank, and Axis Bank.
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SITI Networks offers 2 products in the media and telecoms services industry. SITI Networks's product portfolio comprises of media and TV services and telecoms services.
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