Bright Outdoor Media has moved its shares from the BSE SME platform to the main boards of the Bombay Stock Exchange and the National Stock Exchange, giving the Mumbai-based outdoor advertising company a wider capital-market platform as it plans to expand its billboard network and pursue infrastructure-linked contracts.
The company said its priorities include increasing its inventory of premium hoardings and large-format digital displays, expanding into new geographies and developing technology-enabled advertising solutions. It is also seeking opportunities in railway networks, public infrastructure and transit advertising.
Founded in 1980, Bright Outdoor Media operates more than 1,350 hoardings across strategic locations and owns over 50 large-format digital LED billboards in Mumbai. Its business includes traditional outdoor advertising, digital displays and advertising contracts connected with public infrastructure and transit networks.
The company said its recent opportunities have included the Navi Mumbai Metro Line advertising tender and the Vile Parle-Kandivali railway road overbridge advertising tender with Indian Railways. It also trades in hoardings acquired from government, semi-government and private entities, giving its expansion plans a direct link to the way advertising space is managed across public and transport infrastructure.
Bright Outdoor Media first entered the stock market through the BSE SME platform on March 24, 2023, becoming the first listed company from India’s out-of-home advertising industry, according to the company. The transition to the main boards marks the next stage in its effort to broaden its investor base and scale its operations.
Chairman and Managing Director Yogesh Lakhani described the main-board listing as a significant moment for the company. He said Bright would focus on building a larger and more diversified outdoor advertising business, with greater emphasis on digital innovation, infrastructure-led opportunities and integrated advertising solutions.
The company is also developing its Bright 360 initiative, which is intended to combine multiple advertising formats and branding services on one platform. The initiative targets advertisers seeking integrated campaigns and wider audience engagement rather than relying only on conventional outdoor formats.
Bright said it was exploring sustainability-linked initiatives, including solar-powered advertising infrastructure. It has undertaken solar-panel installations on hoardings to supply electricity to Indian Railways through a joint venture partner.
The company reported revenue of ₹155.43 crore, EBITDA of ₹35.23 crore and net profit of ₹24.05 crore for FY26, with earnings per share of ₹12.26. In the second half of FY26, it reported revenue of ₹92.12 crore, EBITDA of ₹20.25 crore, net profit of ₹13.97 crore and EPS of ₹12.98.
The main-board move comes as outdoor advertising increasingly combines static hoardings with LED screens, transit networks and technology-enabled formats. Bright said its next phase would centre on expanding its advertising inventory, securing infrastructure-linked projects and building a more diversified outdoor media business.
