What is the connection between Reliance Mediaworks and Adlabs Films?

Reliance Mediaworks Limited traces its lineage to Adlabs Films Limited, a prominent film processing and entertainment company that was acquired by Anil Ambani's Reliance ADAG group. Adlabs was renamed Reliance Mediaworks after the ADAG acquisition. The company operated BIG Cinemas, one of India's largest multiplex chains at its peak, and also had film processing lab services.

What happened to BIG Cinemas?

BIG Cinemas, the multiplex chain operated by Reliance Mediaworks, faced intense competitive pressure from PVR and Inox. Following the financial distress of the Reliance ADAG group, BIG Cinemas divested or closed many screens. The multiplex exhibition business was significantly wound down.

Is Reliance Mediaworks still operational?

Based on the available data — ₹1 share price, no known ISIN, no active website — Reliance Mediaworks Limited appears to be largely dormant or in a significantly reduced operational state. Its core businesses (film labs, multiplex exhibition) have either been divested or wound down.

How do I buy Reliance Mediaworks Limited unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Reliance Mediaworks Limited?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Reliance Mediaworks Limited shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Reliance Mediaworks Limited Unlisted Share Price | Buy Reliance Mediaworks Limited Pre-IPO Shares — wisefolio

Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

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Reliance Mediaworks Limited Unlisted Share Price | Buy Reliance Mediaworks Limited Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Reliance Mediaworks Limited is Under CIRP since November 20, 2024 (NCLT Mumbai). Revenue ₹8.24 Cr (FY2023); CAGR -90%. BIG Cinemas sold to Carnival Films (Dec 2014). Creditors took 99% haircut. Anil Ambani ADAG group. ISIN INE540B01015. CIN: U29299MH1987PLC045446.

Pros

Once operated BIG Cinemas — 430+ screens, 35M+ customers/year across India and USA; prominent Anil Ambani ADAG group media & entertainment arm.
ISIN INE540B01015; film & digital content production; Ambalal Doshi Marg, Mumbai; website: reliancemediaworks.com.

Cons

UNDER CIRP — NCLT Mumbai admitted insolvency petition November 20, 2024 (filed by Netizen Engineering Pvt Ltd; default July 1, 2024; ₹6 Cr default on ₹150 Cr 2011 loan at 10.5% p.a.); NPV Insolvency Professionals appointed as IRP.
Revenue ₹8.24 Cr (FY2023) vs. peak operations — CAGR -90% over 1 year; complete operational collapse.
BIG Cinemas sold to Carnival Films in December 2014; Reliance Big insolvency resolution resulted in creditors taking 99% haircut (Feb 2025).
Part of Anil Ambani ADAG group — multiple group entities in insolvency/financial distress; deep structural financial problems.

Business Segments

Film & Digital Content Production

Film production, media services, television content production and distribution; formerly BIG Cinemas (430+ screens, 35M customers/year); now near-defunct under CIRP.

Revenue Model

Historically, Reliance Mediaworks earned revenue through film processing fees from Bollywood and regional studios, box office collections and F&B sales from BIG Cinemas multiplexes, and post-production service fees. With digital cinema adoption, film lab revenue became negligible.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds2

Industry Headwinds

Continued dormancy risks MCA strike-off proceedings

No identifiable path to revenue generation given obsolescence of core businesses

Rating drivers & sensitivity

Recent Developments

CIRP admitted by NCLT Mumbai

NCLT Mumbai admitted CIRP petition filed by Netizen Engineering Pvt Ltd; default of ₹6 Cr on ₹150 Cr loan (May 23, 2011, @10.5% p.a.); default date July 1, 2024; NPV Insolvency Professionals appointed as IRP.

November 20, 2024

Creditors take 99% haircut in Reliance Big insolvency

Creditors of Reliance Big insolvency resolution accepted approximately 99% haircut — reflecting near-total loss of debt value.

February 2025

BIG Cinemas sold to Carnival Films

Reliance Group sold BIG Cinemas multiplex business to Carnival Films; marked exit from theatrical exhibition after 430+ screens across India and USA.

December 2014

Comparable Companies

CompanyTypeTickerMkt Cap

PVR INOX LimitedListedPVRINOX~14,000 Cr

Carnival CinemasListedUnlisted—

PVR INOX LimitedListed

PVRINOX · ~14,000 Cr

Carnival CinemasListed

Unlisted

Frequently Asked Questions

Reliance Mediaworks Limited, formerly associated with Adlabs Films Limited, was a media and entertainment infrastructure company engaged in film processing, post-production, and multiplex cinema exhibition (BIG Cinemas). It was part of the Reliance ADAG group. The company underwent significant restructuring, and its BIG Cinemas multiplex chain was eventually sold or scaled back as part of the group's financial difficulties.

About Reliance Mediaworks Limited

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Key Milestones

Incorporated December 30, 1987 in Maharashtra (CIN: U29299MH1987PLC045446) — Anil Ambani ADAG group media arm

Operated BIG Cinemas — 430+ screens; 35M+ customers/year across India and USA at peak

BIG Cinemas sold to Carnival Films, December 2014

Common questions about unlisted shares

How do I buy Reliance Mediaworks Limited unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

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