Tips Music Limited (formerly known as Tips Industries Limited), a leading company in the Media & Entertainment industry engaged in the creation, acquisition, and monetisation of audio-visual music content, has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26 to BSE Limited and the National Stock Exchange of India Limited. The submission was made pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and forms part of the company's Annual Report for FY 2025-26. The report provides a comprehensive disclosure of non-financial sustainability information covering environmental, social, and governance aspects, related risks and opportunities, governance structures and policies, and stakeholder engagement.
Company Overview and Financial Parameters
Tips Music Limited operates on a standalone reporting basis, with its registered office at 6th Floor, 601, Durga Chambers, Linking Road, Khar - West, Mumbai 400052, Maharashtra, India. The company was incorporated on 08-05-1996 and holds a Corporate Identity Number (CIN) of L92120MH1996PLC099359. Its paid-up capital stands at INR 12,78,31,590. The company's principal business activity—creation and acquisition of audio-visual music content and monetisation of the content library through licensing on various platforms—accounts for 100.00% of its turnover, with sale of services (including license fees) contributing 99.87% of total turnover.
Key financial and operational parameters for FY 2025-26 are summarised below:
| Parameter: |
Details |
| Turnover (CSR basis): |
INR 3,75,51,49,098 |
| Net Worth: |
INR 2,59,95,30,539 |
| Paid-up Capital: |
INR 12,78,31,590 |
| Export Contribution (% of total turnover): |
68.57% |
| Reporting Boundary: |
Standalone Basis |
| Number of Offices (National): |
4 |
| Markets Served (National): |
PAN India |
| Markets Served (International): |
Worldwide |
Workforce Composition and Employee Well-Being
As at the end of FY 2025-26, Tips Music Limited employed a total of 98 employees, comprising 67 males (68.37%) and 31 females (31.63%). The company has no workers as defined under the SEBI guidance note on BRSR, and no differently abled employees were reported. The Board and Key Managerial Personnel (KMP) level had 6 positions in total, with 1 female representing 16.67% of the total.
| Category: |
Total |
Male |
Male % |
Female |
Female % |
| Permanent Employees: |
69 |
48 |
69.57% |
21 |
30.43% |
| Other than Permanent: |
29 |
19 |
65.52% |
10 |
34.48% |
| Total Employees: |
98 |
67 |
68.37% |
31 |
31.63% |
Employee turnover rates for permanent employees over the past three years are as follows:
| Financial Year: |
Male |
Female |
Total |
| FY 2025-26: |
11.36% |
15.00% |
12.50% |
| FY 2024-25: |
16.00% |
17.65% |
16.51% |
| FY 2023-24: |
2.82% |
0.00% |
2.02% |
Spending on employee well-being measures (including maternity benefits, health insurance, and employee food expenses) stood at 0.13% of total costs in FY 2025-26, compared to 0.24% in FY 2024-25. All permanent employees (100.00%) are covered under Provident Fund and Gratuity schemes, with amounts duly deducted and deposited with the relevant authorities.
Training, Human Rights, and Grievance Mechanisms
During FY 2025-26, the company conducted training and awareness programmes covering all nine NGRBC principles. The Board of Directors achieved 100.00% coverage across 5 programmes focused on business and regulatory updates. KMPs achieved 100.00% coverage across 2 programmes on business strategy, risk management, and compliance. Employees other than Board and KMPs achieved 76.24% coverage across 2 employee awareness programmes.
On human rights, 76.53% of total employees (75 out of 98) received training on human rights issues and policies in FY 2025-26. All employees—both permanent and other than permanent—were paid more than the minimum wage, with 100.00% compliance across all categories. No complaints related to sexual harassment, discrimination, child labour, forced labour, wages, or other human rights issues were filed or pending in either FY 2025-26 or FY 2024-25.
Median remuneration details for FY 2025-26 are as follows:
| Category: |
Male (No.) |
Male Median (INR In lakhs) |
Female (No.) |
Female Median (INR In lakhs) |
| Board of Directors: |
2 |
90.00 |
0 |
0.00 |
| Key Managerial Personnel: |
2 |
100.00 |
1 |
18.40 |
| Employees other than BOD and KMP: |
25 |
8.40 |
11 |
13.00 |
Material ESG Issues and Governance Framework
The company has identified six material responsible business conduct issues for FY 2025-26:
- Digitalization – Identified as an opportunity, with positive financial implications, as digital platforms and streaming services have become key revenue channels.
- Artificial Intelligence (AI) – Identified as both an opportunity and a risk, with positive and negative financial implications; the company's mitigation approach involves strengthening copyright protection and adapting legal frameworks.
- Data Privacy and Cyber Security – Identified as a risk with negative financial implications; mitigated through a dedicated monitoring team and strengthened internal control processes.
- Employee Engagement – Identified as an opportunity with positive financial implications, supported by a safe and healthy working environment.
- Corporate Social Responsibility – Identified as an opportunity with positive financial implications, through CSR initiatives promoting social sustainability.
- Regulatory Issues and Compliance – Identified as a risk with negative financial implications, mitigated through a robust compliance management framework reviewed quarterly by the Board.
The highest authority responsible for implementation and oversight of the Business Responsibility policy is Mr. Kumar S. Taurani, Chairman & Managing Director. All nine NGRBC policies have been approved by the Board, translated into procedures, and extended to value chain partners through the company's Code of Conduct. Policy performance is reviewed annually by the Chairman & Managing Director, while statutory compliance is reviewed on a quarterly basis by the Board.
Environmental Practices and Stakeholder Engagement
Given the nature of its business as a digital content and services company, Tips Music Limited has limited direct environmental impact. The company has no Scope 1 or Scope 2 greenhouse gas emissions applicable to its operations, no hazardous waste generation, and no operations in ecologically sensitive areas. Key environmental practices include replacement of plastic garbage bags with biodegradable alternatives, use of glass/steel bottles to reduce plastic consumption, preference for digital processes to minimise paper use, and disposal of e-waste through registered certified agencies.
The company maintains grievance redressal mechanisms for all key stakeholder groups—employees, shareholders, investors (other than shareholders), customers, communities, and value chain partners—through its website and internal policies. During FY 2025-26, 2 shareholder complaints were filed, all of which were resolved with nil pending at year-end, consistent with FY 2024-25. No complaints were received from any other stakeholder group in either year. The company is affiliated with three national trade and industry bodies: Phonographic Performance Limited, Indian Music Industry, and Indian Performing Right Society Limited.
The company reported no monetary penalties on Directors and KMPs, no non-monetary punishments, no conflicts of interest complaints, and no adverse orders from regulatory authorities related to anti-competitive conduct during FY 2025-26. Accounts payable days stood at 70 days in FY 2025-26, compared to 89 days in FY 2024-25. Related party purchases as a percentage of total purchases were 26.42% in FY 2025-26, up from 13.63% in FY 2024-25, while loans and advances to related parties as a percentage of total loans and advances stood at 43.05% in FY 2025-26.