Live Concerts are Booming in India. Here are 8 Event Management Stocks to Track

Within India's entertainment industry, live concerts are scaling new heights, with international stars drawing record-breaking crowds.

Coldplay's recent concerts in Ahmedabad and Navi Mumbai not only sold out but also highlighted India's growing prominence on the global entertainment map.

In Ahmedabad alone, over 134,000 fans attended their performance, making it the largest ticketed concert in India's history.

Prime Minister Narendra Modi recently emphasized the vast potential of India's live concert economy during the Make in Odisha Conclave 2025. He noted how global artists are increasingly attracted to India and called for investments in infrastructure and skills to support this booming sector.

The numbers are compelling. India's live events market, valued at Rs 88 billion (bn) in 2023, is projected to grow to Rs 143 bn by 2026, at a robust annual growth rate of 17.6%.

With a young, music-loving population and increasing disposable incomes, the demand for live concerts is set to soar.

Event management companies are at the forefront of this growth, organizing large-scale events and delivering memorable experiences.

For investors, this presents a golden opportunity to ride the wave of India's booming concert economy.

Keeping the same in mind, here are eight event management stocks to watch out for as the industry hits a high note.

#1 Touchwood Entertainment

Touchwood Entertainment Ltd, incorporated in 1997, is India's first NSE-listed event management company, specialising in luxury weddings and bespoke celebrations.

Alongside weddings, the company is involved in corporate events, political activations, and exhibitions, providing services such as design, decor, hospitality, and entertainment management.

With the rising popularity of live concerts in India, Touchwood Entertainment is well-positioned to benefit from this trend, as it already handles large-scale events and offers logistical expertise, making it relevant to the booming concert scene.

Recently, the company made a significant move by approving the allotment of 2.9 m warrants, raising Rs 295.8 million (m), which hints at its potential for future growth.

In FY23, the company primarily generated revenue from inland event management services and launched digital platforms like the MakeMeUp app.

Over the past 5 years, the company has shown consistent growth in its net profit. From Rs 9.8 m in 2021, the company's net profit has grown to Rs 36.2 m in FY24 and the company is expected to report similar earnings this year as well.

Over the past 1 year, shares of the company have fallen 20%.

For more details, check out Touchwood Entertainment's financial factsheet.

#2 Mach Conferences & Events

Mach Conferences & Events Ltd, founded in 2014, specialises in managing conferences, exhibitions, and global events, offering comprehensive services ranging from venue selection to on-site coordination.

As live concerts gain popularity in India, Mach Conferences & Events is well-equipped to tap into this growing market with its robust event management and logistical capabilities.

The company's expertise is in organising large-scale events, both within the country and abroad. In FY24, Mach Conferences organised 90 events in major locations, averaging Rs 260 m per event.

Recently, the company raised Rs 1.25 bn via an IPO.

The company's future prospects look promising, especially with the rising demand for live events and corporate gatherings.

Financially, their revenue is primarily derived from package tours and events, with a concentrated client base where the top customer contributes 46% of the revenue, reflecting a strong business relationship but potential risks of dependency.

In FY24, the company posted bumper sales and net profit growth at 68% and 100%, respectively.

For the first half of FY25, it has already delivered blockbuster performance on the back of higher demand and expanded market reach.

Mach Conference is currently developing a B2C portal - Book My Yatra, to leverage existing clients.

It has already announced Maha Kumbh Mela 2025 package sales.

The MICE sector has seen solid growth in the last 3 years, led by corporates and tourism. The market is expected to expand further from here on.

Going by the recent trends of Generation Z spending more and more on concerts and events, Mach Conference is well placed to leverage on the theme.

For more details, check out Mach Conferences & Events financial factsheet.

#3 Party Cruisers

Party Cruisers Ltd, established in 1994, specialises in event planning and management, focusing on weddings, corporate events, and social celebrations.

With live concerts rapidly growing in popularity across India, the company's "Live Space" division, which manages entertainment and artists for large events, aligns well with this expanding market.

Recently, Party Cruisers adopted an asset-light strategy to expand its footprint, planning to establish 50 franchisees across India by FY25. This strategic move is expected to enhance its presence and service reach.

Financially, the company earned 64.3% of its FY24 revenue from event decor services, reflecting its expertise in creating unique event environments.

Over the past 5 years, the company has seen tremendous growth. Its revenue has shot up from Rs 89 m in FY21 to Rs 608 m in FY24.

Net profit during the same period has grown to Rs 62 m from Rs 5.3 m.

In the past 1 year, shares of the company have fallen nearly 10%.

For more details, check out Party Cruisers' financial factsheet.

#4 Thinking Hats Entertainment Solutions

Thinking Hats Entertainment Solutions was started in 2013. It focuses on organising events and producing content for both live shows and digital platforms like Netflix and Amazon.

It started with managing live events and corporate functions but has expanded into creating content for OTT platforms and experiential marketing.

In October 2024, the company raised Rs 150 m through its IPO, which would help it pay off loans and improve its finances.

With live concerts growing in popularity in India, Thinking Hats is in a good position to take advantage of this trend. Its event management services, which made up 56.5% of its revenue in FY24, are key to its success.

Thinking Hats works with big names like Tata Group, McDonald's, and Network 18, with its top five clients bringing in 64% of its total revenue.

With strong client relationships and growing opportunities, the company is set to benefit from the rise in live entertainment and digital content in India.

In the past 1 year, shares have fallen 20%.

For more details, check out Thinking Hats Entertainment Solutions' financial factsheet.

#5 Exhicon Events Media Solutions

Exhicon Events Media Solutions, established in 2010, is a key player in India's exhibition and event management industry.

The company provides end-to-end solutions for trade fairs, conferences, and corporate events, covering everything from infrastructure and media planning to licensing and event execution.

The company has been expanding its capabilities to meet the rising demand for large-scale events in India. In March 2024, Exhicon acquired a 51% stake in Nucleus Integrated Communication and Entertainment Private Limited (NICE Solutions), strengthening its market presence.

Additionally, the company placed an import order worth Rs 60 m for advanced large-span aluminium hangars, indicating its commitment to upgrading event infrastructure.

Financially, Exhicon generates nearly 95% of its revenue from event-related services, including exhibitor fees, sponsorships, and venue rentals.

The company completed its IPO in April 2023, raising Rs 210 m, which has helped fuel its expansion.

Exhicon has reported strong growth in the first half of FY25 and aiming for 50% growth in revenue by end of the year.

The company's net sales and net profit have grown at a CAGR of 111% and 395% over the past 3 years.

It recently informed exchanges about achieving zero debt status by fully repaying a secured property loan from Punjab National Bank.

Exhicon also secured a prestigious tender from the Nuclear Power Corporation of India to manage 120 events till April 2025.

As part of its expansion strategy, the company is eyeing strong growth in international business and looking for organic and inorganic opportunities in UAE and KSA.

In India, it plans to open additional venues in Mumbai and Ayodhya.

The management also believes that the new convention centre at Pune is expected to generate good revenues of Rs 400-500 m starting FY26.

In the past 1 year, shares of the company have fallen more than 20%.

For more details, check out Exhicon Events Media Solutions' financial factsheet.

#6 Zomato

Zomato Ltd, founded in 2010, is one of India's largest online food service platforms, offering food delivery, dining-out services, quick commerce through Blinkit, and a B2B supply chain via Hyperpure.

The company operates in over 800 cities and has a growing base of restaurants and delivery partners, making it a dominant player in India's digital food and grocery ecosystem.

A major recent development for Zomato was its acquisition of Paytm's entertainment ticketing business for Rs 20.5 bn in August 2024.

This move expands its footprint into event ticketing, aligning with its newly launched Zomato Live platform, which focuses on food festivals, concerts, and entertainment events.

The integration of Paytm Insider and TicketNew into Zomato's ecosystem is expected to strengthen its role in India's live event economy.

With India's live events industry booming, Zomato is well-positioned to benefit from rising consumer spending on entertainment. The rising trend of attending live events often leads to increased demand for dining-out services, reinforcing Zomato's core business.

Financially, Zomato is experiencing strong growth, with its food delivery and quick commerce revenues up 35% and 136% YoY, respectively.

Despite its expansion, profitability remains a focus, with management targeting a 5% EBITDA margin in key segments.

Zomato's stock price has faced some selling pressure in recent months, owing to growing competition in the quick commerce segment.

The company further reported weaker-than-estimated December 2024 quarterly earnings.

In the past 1 year, Zomato share price has gained 58%.

For more details, check out Zomato's financial factsheet.

#7 Saregama

Saregama India Ltd, established in 1902, is India's oldest music label, owning nearly half of all recorded Indian music.

Over the years, it has expanded into artist management, video production, and live events, monetising its vast intellectual property across digital and physical platforms.

Recognising the rising demand for live entertainment, Saregama has been growing its events business. In FY24, it hosted five large-scale concerts and 33 live stage performances, attracting over 80,000 attendees.

The company continued this momentum in the first quarter of FY25 with two major Mumbai shows and has more lined up.

A key development for Saregama was its Rs 1.74 bn acquisition of Pocket Aces, a digital entertainment firm with a 95 million audience. This complements Saregama's expansion into live entertainment, boosting its presence among younger, digital-first consumers.

Additionally, the company plans to invest Rs 10 bn over three years in new music, further strengthening its foothold in India's entertainment industry.

Financially, Saregama has posted Rs 4.47 bn in revenue for the first half of FY25, growing 30% YoY.

While music licensing remains its core business, live events are becoming an essential revenue driver.

With India's concert industry booming, Saregama's strong music catalogue, growing artist base, and strategic event expansion make it a key player in the live entertainment economy.

In the past 1 year, shares of the company have risen 33%.

For more details, check out Saregama's financial factsheet.

#8 Praveg

Praveg Ltd has built a strong reputation in event management, exhibitions, and experiential tourism, making it a significant player in India's growing live entertainment sector.

With over 20 years of experience, the company has executed more than 1,000 major events and 2,000 exhibitions worldwide, working with top corporate clients, industry bodies, and government agencies.

Its expertise spans large-scale exhibitions, trade fairs, corporate events, and cultural festivals, positioning it well for India's booming concert and live event market.

Its ability to execute high-traffic exhibitions and cultural events makes it a strong contender for organising large music concerts, entertainment festivals, and brand activations.

Financially, Praveg posted Rs 600 m in revenue for H1 FY25, with strong EBITDA growth.

The company has delivered a net sales and net profit CAGR of 9% and 35% over the past 5 years.

Praveg has also expanded into the high-growth weddings and banquet market.

Meanwhile, the coming two quarters are expected to be good for the tourism company as its Lakshadweep properties are set to open soon. For the second half, Praveg has outlined a capex of Rs 400-500 m.

As India's concert industry expands, Praveg's experience in large-scale event execution and venue management positions it as a major player in the country's evolving entertainment landscape.

In the past 1 year, shares of Praveg have fallen 30%.

For more details, check out Praveg's financial factsheet.

Conclusion

As India's appetite for live concerts and entertainment experiences continues to soar, companies with the right expertise and infrastructure to manage large-scale events will play a vital role in shaping the future of this sector.

For investors, this presents an exciting opportunity to tap into a growing market that's not only driving economic growth but also enhancing India's position on the global entertainment map.

Nevertheless, to make informed decisions, it's crucial to assess the company's fundamentals, including its financial performance, corporate governance practices, and growth prospects, rather than relying solely on the hype.

Happy Investing.

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