Looking to invest in music business: Punit Goenka

During the company’s Q4 earnings call, ZEEL CEO Punit Goenka spoke of ‘a possible demerger’ of Zee Music Company

by e4m Staff
Published: May 21, 2026 9:52 AM | 1 min read

ZEEL CEO Punit Goenka, Zee Music Company

Zee Entertainment Enterprises is considering options to enhance the value of its music label, Zee Music Company, including a potential demerger and the introduction of a strategic partner.
CEO Punit Goenka emphasized the company's commitment to investing in the music sector to drive growth, particularly as traditional television broadcasting faces stagnation.
Since its inception in 2014, Zee Music Company has established a significant presence in a competitive market dominated by major players like T-Series and global labels.
Goenka noted that while Zee aims to scale its music business organically, it remains open to evaluating strategic opportunities as they arise.

Zee Entertainment Enterprises is exploring options to unlock value from its music label business, Zee Music Company, including a possible demerger into a separate entity and the induction of a strategic partner, CEO Punit Goenka said during the company’s Q4 earnings call on May 19.

“We certainly want to invest in the music business because that’s the only way to keep broadening and going ahead. The question of unlocking value is always something that we keep considering all the time,” Goenka said, as per reports.

The remarks underscore Zee’s increasing focus on high-growth verticals such as OTT, music, studios and live events as growth in its traditional television broadcasting business slows.

Zee entered the music segment in 2014 through Zee Music Company and has since built a sizeable presence in a highly competitive industry dominated by players such as T-Series, Saregama and Tips Music, along with Indian operations of global labels including Sony Music, Universal Music Group and Warner Music Group.

Goenka indicated that Zee remains focused on scaling the business organically before making any major structural move.

“Compared to my competitors, we are still a very small player and we will keep investing and going ahead on that basis. But if opportunities come, why not? We will always evaluate and look at those,” he said.