Recode Studios targets 2,000 MBOs after crossing Rs 81 crore revenue mark

MUMBAI: Recode Studios is doubling down on its grassroots growth model, announcing plans to expand its network of Micro Business Operators from 1,000 to 2,000 following a strong financial performance in FY2025-26.

The company reported revenue exceeding Rs 81 crore for the fiscal, a milestone that has prompted it to accelerate its presence in emerging markets, particularly across Tier II and Tier III cities where demand has been steadily rising.

At the heart of this growth is Recode Studios’ Micro Business Operator model, which allows individuals to partner with the brand as entrepreneurs. The approach has not only driven revenue but also helped build a wide network of local business owners, giving the company both reach and resilience.

Recode Studios chairman and managing director Dheeraj Bansal stated, “While reaching a revenue milestone of Rs 81 crores is important for us as a company, what really matters for us is the impact we are able to create at the grassroots level. We have always envisioned our impact as empowering people to become entrepreneurs. Taking our MBOs to 2,000 is a step towards achieving our vision.”

The company now plans to invest further in strengthening its operational capabilities and digital infrastructure to support this scale-up. It is also looking to deepen engagement with its MBO network, ensuring partners have the tools and resources needed to grow sustainably.

With its hybrid model of commerce and entrepreneurship gaining traction, Recode Studios is positioning itself not just as a business, but as a platform for economic participation. As it scales, the company’s focus remains clear: growth that is both commercially strong and locally rooted.