MUMBAI: Eros Media World PLC (EMWP) just hit a blockbuster financial milestone—becoming debt-free in India. Over the past three years, the global Indian film entertainment powerhouse has successfully repaid its outstanding bank debt, including principal and interest, totalling approximately $56 million at current exchange rates.

At its annual general meeting on 28 February 2025, the company’s Indian subsidiary, Eros International Media Ltd (EIML), confirmed to shareholders that the full repayment had been completed during Q3 of the 2024-25 fiscal year. This financial feat follows EIML’s successful implementation of its debt resolution plan under the Reserve Bank of India’s “Resolution Framework for COVID-19 Related Stress” circular, introduced on 6 August 2020. Notably, EIML had first announced the implementation of this plan on 22 June 2021, covering an aggregate debt of Rs 468.07 crore at the time.

This achievement isn’t just about numbers—it’s a game-changer for Eros Media World’s financial stability. With a clean slate, the company now has greater flexibility to invest in its strategic priorities, expand its global footprint, and double down on high-quality content production.

“With the successful repayment of our bank debt in India, we have significantly strengthened our financial health, reinforcing our long-term commitment to financial discipline. This achievement allows us to focus on growing our entertainment business and unlocking new opportunities for value creation,” said Eros Media World PLC director Kishore Lulla.

With India’s debt burden off its books, Eros Media World can now channel resources into growth, innovation, and content development. The company remains committed to producing premium entertainment and pushing boundaries in the global entertainment industry.

As streaming wars heat up and the demand for high-quality content skyrockets, Eros Media World stands well-positioned to leverage its strengthened financial footing for bold new ventures.