Planet M is an Indian music retail store founded by The Times Group (BCCL). It was sold to Next Retail India Ltd. of Mumbai, the retail arm of Videocon, in November 2007. It is present in many cities all over India. These stores are mainly known for selling music and movies and related accessories. They also sell gaming consoles and handhelds like PlayStation Portable, PS2, PS3, Wii and Xbox 360. Planet M is also a new entrant in the mobile retail business. They offer a wide range of mobile handsets with lucrative schemes.