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flag Aman Gupta leaves Boat's operations to launch Offbeat Studios, as Boat delays its IPO amid audit issues.

flag Aman Gupta, former co-founder of consumer electronics brand Boat, has launched Offbeat Studios, marking his exit from an operational role at the company. flag The announcement, made on March 3, 2026, revealed no details about the new venture’s business model, funding, or timeline. flag Gupta, who remains a non-executive director at Boat, previously stepped down as executive director in September 2025, following leadership changes that saw Gaurav Nayyar become CEO and Sameer Mehta assume an executive director role. flag Boat’s planned IPO, targeting a $1.5 billion valuation and Rs 1,500 crore in funding, remains delayed due to audit concerns over financial discrepancies. flag Despite a net profit of over Rs 60 crore in FY24–25, revenue dipped slightly to Rs 3,098 crore. flag The company, backed by Warburg Pincus and Qualcomm, is reassessing its public listing strategy.

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