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HARMAN Professional India launches an Authorized HARMAN Service Centre in Chennai
MUMBAI: Marking another key milestone, HARMAN Professional India, today announced the launch of its Authorized HARMAN Service Centre (AHSC) in Chennai. This move strengthens the company’s country wide support network and specifically increased reach within Southern India; the company also successfully operates a full-fledged, company owned Service Centre in Bangalore. Whilst continuing to reiterate its commitment toward enhanced service support, HARMAN emphasizes the need for ‘being closer to the customer’.
It has been over a year since the first AHSC was in launched in Mumbai, followed by New Delhi & Kolkata. This announcement also follows a recent launch of the pan-India toll-free customer support helpline-(1800-208-8880) an initiative that sets the benchmark in the industry for service and support.
The AHSC in Chennai will provide service and customer support in the states of Tamil Nadu & Andhra Pradesh.
“In the dynamic industry of professional audio, especially in live events and projects, it is imperative to provide customers with best and timely after sales support. With a service network that spans the length and breadth of the country, coupled with the toll-free customer helpline, we have truly established an industry benchmark within a span of one year. The turnaround time has been effectively managed from the start of our operations, and the processes have been further streamlined, thus ensuring a hassle free service experience.” said Ganesh Kumar, Senior Manager – Service, HARMAN Professional India.
Zion Services, has a rich and diverse experience in service for leading brands in consumer electronics. And now has been appointed as the Authorized HARMAN Service Centre (AHSC) in Chennai. Equipped with trained technical staff, testing equipment and sufficient spare parts, the service centre has been operational since November 2013 and will support the HARMAN professional brands – AKG, BSS, Crown, dbx, JBL, Lexicon, Soundcraft & Studer and Martin Professional range of lighting & video equipment. Centrally located at Valsarvakkam, this service centre will provide after sales support to both, walk-in and on-site customers.
“The AHSC appointment for Zion Services for HARMAN Professional range in India, marks another major step in our offerings and extending our capabilities into a challenging space of professional audio. We are proud to be associated with HARMAN – the leader in audio solutions and look forward to successful partnership, creating a delightful customer experience in the region.” said S.M. Jayaraj, Proprietor, Zion Services.
Speaking at the inauguration, Prashant Govindan, Director, India Operations, HARMAN Professional said, “We look forward to continually expanding our footprint in India through the expansive dealer and channel partner network. With these initiatives, we are only raising the bar for a robust and effective customer service, ultimately ensuring SMART support to the customer and HARMAN solutions are a preferred choice for all professional audio and lighting requirements across industry segments in the country.”
To serve the customers of respective regions efficiently and effectively, HARMAN India plans to expand to Five additional service centres across India, in the near future.
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Network18 Q4 revenue grows 9.7 per cent, EBITDA at Rs 30 crore
PAT improves to Rs 306.6 crore, margins steady amid cost pressures.
MUMBAI: Not all news is breaking, some of it is quietly improving. Network18 Media & Investments Limited appears to be doing just that, tightening losses and stabilising margins even as costs continue to weigh on the business. For FY26, the company reported revenue from operations of Rs 1,955.1 crore, up from Rs 1,896.2 crore in FY25, signalling modest top-line growth in a challenging media environment. Total income stood at Rs 1,978.2 crore, compared to Rs 1,913 crore a year earlier.
Profit after tax came in at Rs 306.6 crore for the year, a sharp turnaround from Rs 3,225.4 crore in FY25, largely reflecting the absence of large exceptional items that had inflated the previous year’s numbers. On a more comparable basis, the company’s operating performance showed signs of gradual stabilisation.
However, the quarterly picture remained under pressure. For the March quarter, Network18 reported a loss of Rs 53.1 crore, narrower than the Rs 98.1 crore loss in the same period last year, but still indicative of ongoing cost challenges.
Expenses continued to track high. Total expenses for FY26 stood at Rs 2,235.7 crore, up from Rs 2,197.8 crore in FY25. Key cost heads included operational expenses of Rs 765.9 crore, employee benefits of Rs 475.9 crore, and marketing, distribution and promotional spends of Rs 427.1 crore, underlining the continued investment required to sustain reach and engagement.
At an operating level, margins remained under strain. Operating margin stood at 2.33 per cent for FY26, marginally higher than 1.77 per cent in FY25, while net profit margin remained negative at -13.02 per cent, though improved from -14.89 per cent.
On the balance sheet, total assets rose to Rs 8,957.6 crore as of 31 March 2026, from Rs 8,317.5 crore a year earlier. Equity strengthened to Rs 4,958.7 crore, while borrowings increased to Rs 3,112.8 crore, reflecting a higher reliance on debt to support operations.
Cash flows told a mixed story. While financing activities generated Rs 83.9 crore, operating cash flow remained negative at Rs -24 crore, highlighting ongoing pressure on core cash generation. Cash and cash equivalents, however, improved to Rs 33.9 crore from Rs 1.8 crore.
The numbers point to a company in transition growing revenues, trimming losses, but still grappling with structural cost pressures. In a sector where scale often comes at a price, Network18 seems to be inching towards balance, one quarter at a time.
