Draft:Tips Industries Ltd
Where to get help
How to improve a draft
You can also browse Wikipedia:Featured articles and Wikipedia:Good articles to find examples of Wikipedia's best writing on topics similar to your proposed article. Improving your odds of a speedy review To improve your odds of a faster review, tag your draft with relevant WikiProject tags using the button below. This will let reviewers know a new draft has been submitted in their area of interest. For instance, if you wrote about a female astronomer, you would want to add the Biography, Astronomy, and Women scientists tags. Editor resources
|  |
Tips Music Limited (formerly Tips Industries Limited) is an Indian music record label headquartered in Mumbai, founded in 1975 by brothers Kumar S. Taurani and Ramesh S. Taurani. [1] [2] It began as a record shop on Lamington Road and grew into one of India's largest owners of Hindi film music rights. The company changed its name to Tips Music Limited on 12 September 2024, after its film business was demerged in 2022. [3]
| Infobox | |
|---|---|
| Former names | Tips Cassettes & Records Co (1988); Tips Industries Pvt Ltd (1996); Tips Industries Ltd |
| Current name | Tips Music Limited (since 12 Sep 2024) [3] |
| Company type | Public |
| Traded as | BSE: 532375; NSE: TIPSMUSIC [1] |
| Industry | Music, entertainment |
| Founded | 1975, Mumbai |
| Founders | Kumar S. Taurani; Ramesh S. Taurani |
| Headquarters | Mumbai, Maharashtra, India |
| YouTube channel | Tips Official (active since 2007) [1] |
| Website | tips.in |
History
[edit]Tips grew from a Lamington Road record dealership in 1975 into a listed music company, and split off its film arm in 2022. [2] [3]
Origins (1975–1988)
[edit]In 1975 the Taurani brothers traded LP records for HMV, Music India and CBS from a small shop on Lamington Road, Bombay's music wholesale hub. By 1977 they were the largest dealers for these labels in Western India. [4] The family also ran a trading business, Jaihind Electronics, and in the early 1980s formed a partnership, RK Electronics, that planned album releases using outside manufacturers. [3]
Cassette era and listing (1988–2000)
[edit]Tips Cassettes & Records Co was registered as a partnership in 1988; its first major Bollywood release was Patthar Ke Phool. It opened a cassette plant at Palghar in 1990 and a second at Silvassa in 1997. [1] [3] The firm became Tips Industries in 1996 and a public company on 1 July 1999. [1] Its public issue offered 30 lakh shares at ₹325 each (₹10 face value plus ₹315 premium), about ₹97.5 crore, to fund a studio, a CD plant and cassette expansion. [3]
Film production and demerger (1996–2022)
[edit]Tips began producing films in the 1990s, starting with titles such as Auzaar and Soldier, and later backed hits including the Race series. [1] [3] The NCLT Mumbai bench approved the demerger of the film division into Tips Films Limited on 3 March 2022, effective 23 March 2022. Shareholders received 1 Tips Films share for every 3 Tips Industries shares, and Tips Films listed on BSE on 6 October 2022. [5]
Key dates
[edit]| Date | Event |
|---|---|
| 12 Sep 2024 | Renamed Tips Music Limited [3] |
| 6 Oct 2022 | Tips Films lists on BSE after demerger [5] |
| 23 Mar 2022 | Film division demerger takes effect [5] |
| 1 Apr 2005 | Subsidiary Tips Films Ltd merged back into the company [3] |
| 1 Jul 1999 | Becomes a public company [1] |
| 1997 | Silvassa cassette plant opens [1] |
| 1996 | Renamed Tips Industries [1] |
| 1990 | First plant opens at Palghar [1] |
| 1988 | Tips Cassettes & Records Co registered [3] |
| 1975 | LP trading begins on Lamington Road [4] |
Business and operations
[edit]Tips is now a music-rights company: it acquires and produces songs, then licenses its catalogue of more than 34,000 tracks to streaming services, platforms and broadcasters. [6]
- Catalogue. Film and non-film music across multiple Indian languages, anchored by 1990s Bollywood soundtracks such as Khalnayak, Coolie No. 1, Rangeela, Pardes and Taal. [6]
- Digital distribution. The Tips Official YouTube channel had 153.1 million subscribers at the end of March 2026. [6]
- New releases. Tips released 399 new songs in FY26 (Apr 2025–Mar 2026). [3]
- Regional expansion. It acquired more than 4,000 heritage Gujarati and Kutchi songs from Studio Radha. [3]
- Brand partnerships. In Q4 FY26 it worked with brands including Hyundai and Tinder. [6]
In the physical era the company also ran its own distribution network, which it said served more than 1,000 wholesalers and 400,000 retailers across India. [1]
Corporate affairs
[edit]The Taurani family controls the company, with promoters holding 64.15% as of June 2026; its market capitalisation was about ₹8,460 crore on 22 September 2026. [7]
Leadership
[edit]| Name | Role |
|---|---|
| Kumar S. Taurani | Chairman and Managing Director; promoter |
| Ramesh S. Taurani | Executive Director; promoter |
| Girish Taurani | Executive Director |
| Tara Subramaniam | Independent Director |
| Rajan Singh | Independent Director |
| Chandrashekar Ponnuswamy | Independent Director |
| Bijal Patel | Company Secretary and Compliance Officer |
Source: [7]
Shareholding (June 2026)
[edit]| Holder | Share |
|---|---|
| Promoters (all Indian) | 64.15% |
| Institutions | 13.34% |
| Non-institutional / public | 22.49% |
Source: [7]
Financial performance
[edit]FY26 (Apr 2025–Mar 2026) revenue rose 21% to ₹375.5 crore and profit after tax rose 30% to ₹216.6 crore, beating the company's 20% growth guidance. [6]
| Metric (₹ crore) | FY25 | FY26 | Change |
|---|---|---|---|
| Revenue from operations | 310.7 | 375.5 | +21% |
| Operating EBITDA | 206.7 | 275.8 | +33% |
| Operating EBITDA margin | 66.5% | 73.4% | +6.9 pts |
| Profit after tax | 166.6 | 216.6 | +30% |
| PAT margin | 53.6% | 57.7% | +4.1 pts |
Source: [6]
The board declared a cumulative FY26 dividend of ₹13 per share, a total payout of ₹166.18 crore. [6] Shares trade on BSE (532375) and NSE (TIPSMUSIC) with a face value of ₹1. [1] [7]
Notable works
[edit]Tips' value rests on its soundtrack rights, which span 1990s Bollywood staples through recent pan-Indian releases; the Taurani brothers also produced films until the 2022 demerger moved that business to Tips Films. [1] [5]
Selected soundtracks
[edit]| Era | Titles |
|---|---|
| 2020s | Crew, Merry Christmas, Ponniyin Selvan: I and II, Freddy, Coolie No. 1 (2020) |
| 2010s | Race 2, Race 3, Ramaiya Vastavaiya, Entertainment |
| 2000s | Raaz, Ishq Vishk, No Entry, Parineeta, Race, Ajab Prem Ki Ghazab Kahani |
| 1990s | Khalnayak, Andaz Apna Apna, Coolie No. 1, Raja Hindustani, Pardes, Soldier, Taal, Sarfarosh |
Sources: [1] [6]
Selected film productions
[edit]| Year | Film | Director |
|---|---|---|
| 2025 | Maalik | Pulkit |
| 2024 | Merry Christmas | Sriram Raghavan |
| 2021 | Bhoot Police | Pavan Kirpalani |
| 2018 | Race 3 | Remo D'Souza |
| 2013 | Race 2 | Abbas–Mustan |
| 2009 | Ajab Prem Ki Ghazab Kahani | Rajkumar Santoshi |
| 2008 | Race | Abbas–Mustan |
| 2002 | Raaz | Vikram Bhatt |
| 2000 | Kya Kehna | Kundan Shah |
| 1998 | Soldier | Abbas–Mustan |
| 1997 | Auzaar | Sohail Khan |
Source: [1]. Productions after March 2022 sit with the separately listed Tips Films Limited.
Legal matters
[edit]Tips' best-known case, against Airtel's streaming service Wynk, established that online music platforms cannot claim the statutory broadcast licence under Section 31D of the Copyright Act, 1957. [8]
Tips Industries v. Wynk
[edit]The dispute began in 2017 over Wynk's use of Tips' repertoire of more than 25,000 songs after licence talks broke down; Wynk called Tips' demand of about ₹4.5 crore excessive. Wynk then invoked Section 31D, which lets broadcasters use music after notice and payment of a fixed royalty, and offered 10 paise per download. [8] Tips sued for copyright infringement in the Bombay High Court. [9]
Justice S. J. Kathawalla ruled in April 2019 that Section 31D did not cover Wynk's service. [9] In October 2023 a division bench of Justices Gautam Patel and Gauri Godse upheld that view, holding that the provision applies only to traditional radio and television. The bench also rejected Wynk's public-interest argument, noting that Wynk is a paid, profit-making service. [8]
The ruling means streaming services must negotiate commercial licences with labels such as Tips, which underpins the licensing revenue described above.
References
[edit]References
[edit]- "Tips Industries". Wikipedia. Retrieved 22 September 2026.
- "About". Tips Music Limited (official website). Retrieved 22 September 2026.
- "Tips Music Ltd Summary". IIFL Capital / India Infoline. Retrieved 22 September 2026.
- "About – Tips Films". Tips Films Limited (official website). Retrieved 22 September 2026.
- "BSE: Listing of Equity Shares of Tips Films Limited". BSE Notice No. 20221003-43, via MarketScreener. 3 October 2022.
- "TIPS Music Limited delivers robust Q4 FY26 results with 32% revenue growth and 93% PAT surge". ANI. 23 April 2026.
- "Tips Music Ltd Share Price". IIFL Capital / India Infoline. Retrieved 22 September 2026.
- Hakim, Sharmeen. "Wynk v. TIPS: Internet Based Music Streaming Platforms Not Eligible For Compulsory Music Licences Available For TV, Radio: Bombay HC". LiveLaw. 2 October 2023.
- "Tips Industries Ltd vs Wynk Ltd. And Anr on 23 April, 2019". Bombay High Court, via Indian Kanoon.
or multiple published secondary sources that:
Please add references that meet these criteria. If none exist, the subject is not yet suitable for Wikipedia.
It is often easier to prove the notability of an album or artist than an individual song or band member. If the subject is not yet notable, consider improving a relevant existing article instead.