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Madison Communications
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Registered Details

MADISON COMMUNICATIONS PRIVATE LIMITED

All Companies ›

Maharashtra ›

Business Services ›

Active

Updated: 27 Jun 2026

Madison Communications Private Limited is a leading integrated communications agency in India that specializes in advertising, media planning, and digital solutions. It provides a diverse range of services including brand management, digital marketing, and public relations, enabling clients to effectively engage their target audiences and enhance brand visibility across various platforms.

Madison Communications Private Limited, is an unlisted private company incorporated on 25 September, 1995. It is classified as a private limited company and is located in , Maharashtra. It's authorized share capital is INR 1.00 cr and the total paid-up capital is INR 87.91 lac.

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Industry and products

Business Services

and celebrity management., media buying strategies, film marketing, Advertising, business analysis, planning services, audience delivery analysis, media research

Company size

Auth Capital

₹ 1.0 Cr

Paidup Capital

₹ 87.9 L

Revenue

₹ 3250-3500 cr

Key Metrics

** All rupee values in INR crores. Based on March 2025 numbers.

Total Revenue

9.74%

₹ 3,405.5

EBITDA

-25.29%

₹ 15.1

Net Profit

-31.75%

₹ 18.0

Networth

6.1%

₹ 164.6

Borrowings

₹ -

Assets

12.78%

₹ 995.5

Gross Margin

100.0 %

Operating Margin

-0.21

0.4 %

Net Profit Margin

-0.32

0.5 %

Return on Equity

-6.06

10.9 %

ROCE

-4.04

7.9 %

Debt to Equity

0.0

Sales

Mar 2025

Net worth

Mar 2025

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Locations

India (12)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Managing Director	Sam Balsara Shareholder	00076942	31 years
Director	Soli Bomanji Bulsara Shareholder	00606586	31 years
Whole-time Director	Lara Balsara Vajifdar	00089327	20 years
Director	Vikram Sakhuja Shareholder	00398420	10 years

Financial Highlights

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	101.3	110.9	113.8	3,086.4	3,394.6
Operating profit	31.2	29.6	15.0	20.2	15.1
Net profit	27.5	24.6	16.7	26.4	18.0
Gross margin	100.0	100.0	100.0	100.0	100.0
Operating margin	30.8	26.7	13.2	0.7	0.4
Net margin	25.4	21.2	13.5	0.8	0.5
Networth	111.5	122.4	140.7	155.1	164.6
Borrowings	-	-	-	-	-
Assets	822.1	690.2	752.8	882.7	995.5
Debt to equity	0.0	0.0	0.0	0.0	0.0
Current ratio	1.1	1.2	1.2	1.2	1.2
ROE	24.6	20.1	11.8	17.0	10.9
Days payable	-	-	-	-	-
WC days	383.0	375.0	431.0	17.0	17.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0.9	0.9	0.9	0.9	0.9
Reserves	110.6	121.5	139.8	154.2	163.7
Borrowings +	-	-	-	-	-
Long term borrowings	-	-	-	-	-
Short term borrowings	-	-	-	-	-
Trade payables +	609.7	464.8	534.9	658.5	789.6
Days payable	-	-	-	-	-
Other liabilities +	100.9	103.0	77.1	69.1	41.3
Other non-current liabilities	12.3	11.0	11.4	12.4	13.9
Other current liabilities	88.6	92.0	65.7	56.7	27.4
Total liabilities	822.1	690.2	752.8	882.7	995.5
Fixed Assets +	7.5	8.8	7.6	8.9	8.1
Tangible assets	7.5	8.8	7.6	8.9	8.1
CWIP	-	-	-	-	-
Intangible assets	-	-	-	-	-
LT loans and advances	3.6	3.4	3.3	-	-
Other non-current assets	6.6	7.2	6.9	11.2	9.8
Current assets +	804.5	670.8	735.0	862.6	977.6
Inventories	-	-	-	-	-
Trade receivables	595.3	469.4	531.4	645.7	765.2
Cash and cash equivalents	68.5	44.3	90.8	45.8	61.9
ST loans and advances	92.7	120.0	100.7	0.2	-
Other current assets	47.9	37.0	12.1	170.9	150.6
Total assets	822.1	690.2	752.8	882.7	995.5

Percentage of assets	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0.11	0.13	0.12	0.1	0.09
Reserves	13.46	17.6	18.57	17.48	16.44
Borrowings +	0.0	0.0	0.0	0.0	0.0
Long term borrowings	0.0	0.0	0.0	0.0	0.0
Short term borrowings	0.0	0.0	0.0	0.0	0.0
Trade payables	74.16	67.34	71.06	74.6	79.31
Other liabilities +	12.27	14.92	10.25	7.83	4.15
Other non-current liabilities	1.49	1.59	1.51	1.41	1.4
Other current liabilities	10.78	13.33	8.73	6.42	2.76
Total liabilities
Fixed Assets +	0.91	1.28	1.01	1.01	0.81
Tangible assets	0.91	1.28	1.01	1.01	0.81
CWIP	0.0	0.0	0.0	0.0	0.0
Intangible assets	0.0	0.0	0.0	0.0	0.0
LT loans and advances	0.43	0.5	0.44	0.0	0.0
Other non-current assets	0.8	1.04	0.92	1.26	0.98
Current assets +	97.86	97.19	97.63	97.72	98.21
Inventories	0.0	0.0	0.0	0.0	0.0
Trade receivables	72.42	68.01	70.6	73.16	76.87
Cash and cash equivalents	8.34	6.42	12.06	5.18	6.22
ST loans and advances	11.27	17.39	13.38	0.02	0.0
Other current assets	5.83	5.37	1.6	19.36	15.13
Total assets

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0.9	0.9	0.9	0.9	0.9
Reserves	117.0	135.4	158.6	187.3	207.8
Borrowings +	-	-	-	-	-
Long term borrowings	-	-	-	-	-
Short term borrowings	-	-	-	-	-
Trade payables +	620.7	497.9	625.2	772.7	928.0
Days payable	-	-	-	-	-
Other liabilities +	104.8	118.6	86.3	81.1	52.7
Other non-current liabilities	12.9	11.8	12.9	14.4	16.2
Other current liabilities	91.9	106.8	73.4	66.7	36.5
Total liabilities	843.4	752.8	870.9	1,042.0	1,189.5
Fixed Assets +	12.3	14.3	14.4	16.0	14.6
Tangible assets	8.6	10.7	10.8	12.3	10.9
CWIP	-	-	-	-	-
Intangible assets	3.7	3.7	3.7	3.7	3.7
LT loans and advances	4.6	4.7	4.4	-	-
Other non-current assets	2.0	2.5	2.3	10.1	10.3
Current assets +	824.5	731.3	849.9	1,015.9	1,164.6
Inventories	-	-	-	-	-
Trade receivables	609.4	499.8	580.2	701.4	903.9
Cash and cash equivalents	72.7	52.6	103.7	78.2	91.0
ST loans and advances	95.6	129.0	110.1	0.3	-
Other current assets	46.8	50.0	55.9	236.0	169.7
Total assets	843.4	752.8	870.9	1,042.0	1,189.5

Percentage of assets	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0.11	0.12	0.1	0.08	0.07
Reserves	13.87	17.99	18.21	17.98	17.47
Borrowings +	0.0	0.0	0.0	0.0	0.0
Long term borrowings	0.0	0.0	0.0	0.0	0.0
Short term borrowings	0.0	0.0	0.0	0.0	0.0
Trade payables	73.59	66.14	71.78	74.16	78.02
Other liabilities +	12.43	15.75	9.91	7.78	4.43
Other non-current liabilities	1.53	1.57	1.48	1.38	1.36
Other current liabilities	10.89	14.18	8.43	6.4	3.07
Total liabilities
Fixed Assets +	1.46	1.9	1.65	1.53	1.23
Tangible assets	1.02	1.42	1.24	1.18	0.92
CWIP	0.0	0.0	0.0	0.0	0.0
Intangible assets	0.43	0.49	0.42	0.35	0.31
LT loans and advances	0.54	0.62	0.5	0.0	0.0
Other non-current assets	0.23	0.33	0.26	0.97	0.86
Current assets +	97.77	97.14	97.58	97.5	97.91
Inventories	0.0	0.0	0.0	0.0	0.0
Trade receivables	72.26	66.39	66.62	67.31	75.99
Cash and cash equivalents	8.62	6.98	11.9	7.51	7.65
ST loans and advances	11.34	17.13	12.64	0.03	0.01
Other current assets	5.55	6.64	6.42	22.65	14.27
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales +	101.3	110.9	113.8	3,086.4	3,394.6
Sales growth %	-16.55	9.46	2.65	2611.11	9.99
Expenses +	71.4	82.8	100.5	3,067.8	3,381.3
Cost of goods	-	-	-	-	-
Employee cost	54.8	60.4	74.6	86.8	92.3
Other costs	15.4	20.9	24.2	2,979.3	3,287.2
Operating profit +	31.2	29.6	15.0	20.2	15.1
Operating margin %	30.8	26.7	13.2	0.7	0.4
Other income	6.9	5.0	9.5	16.8	11.0
Interest	-	-	-	-	-
Depreciation	1.3	1.5	1.7	1.6	1.8
Exceptional items	-	-	-	-	-
Profit before tax	36.2	33.1	22.9	35.4	24.2
Tax	8.7	8.5	6.2	9.1	6.2
Profit - disc. ops	-	-	-	-	-
Net profit	27.5	24.6	16.7	26.4	18.0
Net margin %	25.4	21.2	13.5	0.8	0.5

Precentage of total income	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	93.64	95.69	92.3	99.46	99.68
Expenses +	66.02	71.46	81.47	98.86	99.29
Cost of goods	0.0	0.0	0.0	0.0	0.0
Employee cost	50.62	52.12	60.49	2.8	2.71
Other costs	14.21	18.02	19.62	96.01	96.52
Operating profit	28.81	25.55	12.19	0.65	0.44
Other income	6.36	4.31	7.7	0.54	0.32
Interest	0.0	0.0	0.0	0.0	0.0
Depreciation	1.19	1.32	1.36	0.05	0.05
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	33.43	28.54	18.53	1.14	0.71
Tax	8.04	7.35	5.02	0.29	0.18
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	25.39	21.18	13.51	0.85	0.53

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales +	118.3	140.9	153.4	3,537.2	3,988.8
Sales growth %	-14.16	19.05	8.87	2206.34	12.77
Expenses +	83.9	101.9	132.4	3,500.1	3,962.9
Cost of goods	-	-	-	-	-
Employee cost	65.1	76.6	100.8	122.8	137.9
Other costs	17.3	23.4	29.4	3,374.9	3,822.3
Operating profit +	36.0	40.8	23.1	39.5	28.6
Operating margin %	30.4	29.0	15.1	1.1	0.7
Other income	7.0	5.0	10.0	17.6	13.4
Interest	-	-	-	-	-
Depreciation	1.6	1.9	2.2	2.4	2.7
Exceptional items	-	-	-	-	-
Profit before tax	40.8	43.2	30.9	54.8	39.3
Tax	9.9	11.1	9.3	14.1	10.2
Profit - disc. ops	-	-	-	-	-
Net profit	29.2	35.8	19.2	33.7	23.6
Net margin %	23.3	24.5	11.8	0.9	0.6

Precentage of total income	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	94.42	96.54	93.89	99.5	99.67
Expenses +	66.93	69.85	81.08	98.46	99.02
Cost of goods	0.0	0.0	0.0	0.0	0.0
Employee cost	51.91	52.52	61.72	3.45	3.45
Other costs	13.78	16.05	18.01	94.94	95.5
Operating profit	28.73	27.97	14.17	1.11	0.71
Other income	5.58	3.46	6.11	0.5	0.33
Interest	0.0	0.0	0.0	0.0	0.0
Depreciation	1.24	1.28	1.36	0.07	0.07
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	32.59	29.6	18.92	1.54	0.98
Tax	7.91	7.6	5.67	0.4	0.26
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	23.33	24.53	11.76	0.95	0.59

Revenue from operations

Ratios

Standalone

Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Solvency +
Total Debt/Equity	0.0	0.0	0.0	0.0	0.0
Net Debt/Equity	0.0	0.0	0.0	0.0	0.0
Total Debt/Assets	0.0	0.0	0.0	0.0	0.0
Total Assets/Equity	7.4	5.6	5.3	5.7	6.0
Liquidity +
Current Ratio	1.1	1.2	1.2	1.2	1.2
Quick Ratio	1.1	1.2	1.2	1.2	1.2
Interest Coverage	9,504.1	-	-	-	-
Performance
Gross Margin	100.0	100.0	100.0	100.0	100.0
Operating Margin	30.8	26.7	13.2	0.7	0.4
Net Margin	25.4	21.2	13.5	0.8	0.5
Return +
Return on Equity	24.6	20.1	11.8	17.0	10.9
Pre-tax ROCE	26.3	22.9	9.4	11.9	7.9
Return on Assets	3.3	3.6	2.2	3.0	1.8
Pre-tax ROIC	26.8	22.9	9.5	12.0	8.1
Efficiency +
Days Payable	-	-	-	-	-
Days Inventory	-	-	-	-	-
Days Receivable	2,145.0	1,545.0	1,704.0	76.0	82.0
Fixed Asset Turnover	13.6	12.6	14.9	345.5	421.4
Total Asset Turnover	0.1	0.2	0.1	3.5	3.4
Working Capital
Cash Conversion Cycle	2,145.0	1,545.0	1,704.0	76.0	82.0
Working Capital Days	383.0	375.0	431.0	17.0	17.0

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Solvency +
Total Debt/Equity	0.0	0.0	0.0	0.0	0.0
Net Debt/Equity	0.0	0.0	0.0	0.0	0.0
Total Debt/Assets	0.0	0.0	0.0	0.0	0.0
Total Assets/Equity	7.2	5.5	5.5	5.5	5.7
Liquidity +
Current Ratio	1.2	1.2	1.2	1.2	1.2
Quick Ratio	1.2	1.2	1.2	1.2	1.2
Interest Coverage	10,979.2	-	-	-	-
Performance
Gross Margin	100.0	100.0	100.0	100.0	100.0
Operating Margin	30.4	29.0	15.1	1.1	0.7
Net Margin	23.3	24.5	11.8	0.9	0.6
Return +
Return on Equity	24.8	26.3	12.0	17.9	11.3
Pre-tax ROCE	27.7	27.6	12.6	19.3	12.1
Return on Assets	3.5	4.8	2.2	3.2	2.0
Pre-tax ROIC	29.2	28.6	13.1	19.7	12.4
Efficiency +
Days Payable	-	-	-	-	-
Days Inventory	-	-	-	-	-
Days Receivable	1,880.0	1,295.0	1,381.0	72.0	83.0
Fixed Asset Turnover	9.6	9.8	10.6	221.4	273.2
Total Asset Turnover	0.1	0.2	0.2	3.4	3.4
Working Capital
Cash Conversion Cycle	1,880.0	1,295.0	1,381.0	72.0	83.0
Working Capital Days	346.0	328.0	360.0	18.0	18.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

As per information available, the company has no registered charges.

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
FIELD SPORT PLAYER MANAGEMENT PRIVATE LIMITED	Active	3.0 Cr	2	Maharashtra
PROFESSIONAL MANAGEMENT GROUP PRIVATE LIMITED	Active	1.0 L	2	Maharashtra
MADISON RESOURCE FOUNDATION	Active	0.0	3	Maharashtra
ANUGRAH MADISON ADVERTISING PRIVATE LIMITED	Strike Off	50.0 L	2	Tamil Nadu
FOOTBALLEDGE MANAGEMENT PRIVATE LIMITED	Active	1.0 L	1	West Bengal
ENTRUST COMMUNICATIONS PRIVATE LIMITED	Active	16.9 L	3	Maharashtra
ADVERTISING AGENCIES ASSOCIATION OF INDIA	Active	0.0	2	Maharashtra
MADISON QUALIFIED LEADS LLP	Active	1.0 L	3	Maharashtra
INTEGRATED BRANDCOM PRIVATE LIMITED	Active	50.0 L	2	Maharashtra
MADISON TEAMWORKS FILM PROMOTIONS AND ENTERTAINMENT PRIVATE LIMITED	Active	40.0 L	3	Maharashtra
HIVEMINDS INNOVATIVE MARKET SOLUTIONS PRIVATE LIMITED	Active	1.0 L	3	Maharashtra
MOMS OUTDOOR MEDIA SOLUTIONS PRIVATE LIMITED	Active	5.5 L	3
PLATINUM COMMUNICATIONS PRIVATE LIMITED	Active	5.5 L	4	Maharashtra
MADISON SPECIALIST COMMUNICATION SERVICES PRIVATE LIMITED	Active	50.0 L	2	Maharashtra
MFUNNEL TECHNOLOGIES PRIVATE LIMITED	Active	1.0 Cr	3	Maharashtra
MADISON RETAIL PARADIGM PRIVATE LIMITED	Active	50.0 L	2	Maharashtra
OUT-SEL PROMOTIONS INDIA PRIVATE LIMITED	Active	5.5 L	4	Maharashtra
MADISON XURPAS MOBILE SERVICES PRIVATE LIMITED	Strike Off	10.0 L	3	Maharashtra
PLATINUM ADVERTISING PRIVATE LIMITED	Active	5.5 L	4	Maharashtra
BLUE STAR LIMITED	Active	41.1 Cr	1	Maharashtra
MADISON SPECIALIST COMMUNICATIONS LLP	Active	1.0 L	1	Maharashtra
PMG SPORTS LLP	Active	10.0 L	1	Maharashtra
NOBEL HYGIENE PRIVATE LIMITED	Active	16.1 Cr	1	Maharashtra
AUDIT BUREAU OF CIRCULATIONS	Active	0.0	1	Maharashtra
MEDIA RESEARCH USERS COUNCIL INDIA	Active	0.0	1	Maharashtra
MIDDAY INFOMEDIA LIMITED	Active	29.9 Cr	1
MEDIACOM MEDIA INDIA PRIVATE LIMITED	Amalgamated	1.0 L	1	Maharashtra
PRINCIPLE HEALTHCARE & WELLNESS PRIVATE LIMITED	Active	25.0 L	1	Maharashtra

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
HIVEMINDS INNOVATIVE MARKET SOLUTIONS PRIVATE LIMITED	Maharashtra	2010	₹ 1.0 L

Tofler Score

Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

No risks identified

Moderate Risk

HIGH LEVERAGE
LOW ROCE
LOW CASH BALANCE

Low Risk

EBITDA MARGINS DETERIORATING
NET MARGIN DETERIORATING

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Registered Details

CIN

U74300MH1995PTC093050

PAN

AAACM5979P

Incorporation

1995, 30.8 years

Company Email

neha@madisonindia.com

Paid up Capital

₹ 87.9 L

Authorised Capital

₹ 1.0 Cr

AGM

Sep 2024

Type

Private

Others

FAQ - MADISON COMMUNICATIONS PRIVATE LIMITED

What is the incorporation date of MADISON COMMUNICATIONS PRIVATE LIMITED?

The incorporation date of MADISON COMMUNICATIONS PRIVATE LIMITED is 25 September, 1995

What is the authorized share capital of MADISON COMMUNICATIONS PRIVATE LIMITED?

The authorized share capital of MADISON COMMUNICATIONS PRIVATE LIMITED is INR ₹ 1.0 Cr.

What is the paid-up capital of MADISON COMMUNICATIONS PRIVATE LIMITED?

The paid-up capital of MADISON COMMUNICATIONS PRIVATE LIMITED is INR ₹ 87.9 L.

What is the registered address of MADISON COMMUNICATIONS PRIVATE LIMITED?

The registered address of MADISON COMMUNICATIONS PRIVATE LIMITED is 1st Floor, 349, Business Point, Western Express Highway, Andheri(E), Mumbai City, Mumbai, Maharashtra, India, 400069 - 400069

What is the CIN number of MADISON COMMUNICATIONS PRIVATE LIMITED?

The CIN number of MADISON COMMUNICATIONS PRIVATE LIMITED is U74300MH1995PTC093050.

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Locations

Locations on Map

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People

Financial Highlights

Margins

Balance Sheet

Total assets

Profit & Loss

Revenue from operations

Ratios

Ratios

Charges on assets

Company Network