Posts Tagged ‘India Today Group’

Good news: ‘Media sector is a sunrise sector’

19 May 2012

What was bazaar speculation for quite a while is now a matter of record. Aroon Purie, the bossman of the India Today group, has divested over a quarter of his holding in Living Media India Limited, in favour of one of India’s richest men, Kumar Mangalam Birla for an undisclosed sum

(Business Standard reports that the deal may have been worth Rs 35o crore).

The stake sale brings one of India’s biggest corporate houses, the Aditya Birla group, into mainstream magazine and television space (the K.K. Birla group owns the newspaper Hindustan Times); sets up a clash of telecom titans for the 4G space (Mukesh Ambani‘s Reliance Industries has bought into the TV18 network); and raises questions over growing corporate ownership of the media.

Below is the internal note shot off by Ashish Bagga, the group CEO of the India Today group, at 9.10 pm on Friday, 18 May 2012:

***

Dear All

I am pleased to inform you of a significant development for the INDIA TODAY group.

Just this afternoon, the $35-billion Indian multi-national, ADITYA BIRLA GROUP (ABG) and your company, which is India’s most respected and diversified media corporation, have come to an agreement for a 27.5% financial investment by a private investment company of the Aditya Birla Group in our holding company, Living Media India Ltd.

Commenting on the investment, Kumar Mangalam Birla, Chairman, Aditya Birla group said: “The Indian media sector is a sunrise sector from our investment point of view. I believe that the India Today group offers one of the best opportunities of growth and value creation. ITG’s management ethos, values, brands, product portfolio and future plans offer one of the best opportunities for growth and value creation.”

Aroon Purie, our chairman said, “I am delighted to partner with the Aditya Birla Group to aggressively address the current and future potential of the Indian media business which is at a tipping point. The Aditya Birla group with its strong leadership, global footprint, diversified business interests and its shared values of integrity, commitment and social responsibility make it a perfect fit with the India Today group.”

By virtue of this development, your company will embark on a high growth and expansion strategy across all its existing and new businesses.

I look forward to a successful and trail-blazing future.

Ashish Bagga, group CEO

Image: courtesy Mail Today

Aroon Purie’s daughter Kalli has a story to tell

17 December 2011

PhotoShop™ is a crucial piece of software in the laptops of Indian celebrities—and Botox™ a vital vial in their make-up kit—especially when they have to deal with a newspaper or magazine profile. And brave is the bold-faced name that appears in print with neither weapon having been deftly employed to perform its optical illusions.

India Today founder Aroon Purie‘s elder daughter Kalli Purie shows she is one.

Chief creative officer Kalli, who is in charge of the digital side of the magazine group’s operations and is widely expected to take over the mantle sooner than later, has recounted her “story of weight lost and a life gained” in Confessions of a Serial Dieter, published by the India Today imprint HarperCollins.

And this week’s issue of the weekly newsmagazine carries a spunky three-page excerpt of the Oxford mom-of-two’s journey from “fat to fabulous”; from an “ugly duckling” of 103 kg (in picture, left) to a “beautiful swan” of 59 kg (right) in three years flat (all adjectives courtesy the author).

An accompanying infographic tracks the “fatline” of the pioneering publisher’s daughter at various stages of her life:

Age 4: weight 32 kg, jam toast diet

Age 16: 63 kg, garbage soup diet

Age 24: 59 kg, coconut water diet

Age 35: 103 kg, the panjari ladoo diet

Age 38: weight 59 kg, the champagne diet

Kalli details the 46 diets that made her lose 45 kg, to slip from a size 18 to a size 8, and explains the role love played as an antidote: “Love is a super motivator. I stuck to a (weight-loss) programme because I had a deadline, a loveline.”

Eventually, though, she lays it all at the door of a sparkling white liquid.

My brother-in-law is French. He drinks champagne like the English drink tea. Anytime, anywhere. He would come for tea to the house it would be the standard chai-samosa-jalebi affair. When I asked what he would like to drink he would look uncomfortable for a moment, look at my sister (Koel Purie) for reassurance and when she sighed with resignation, he would say ‘Champagne, please!’ At four in the afternoon!

“For as long as I can remember, our traditional Sunday family lunch has been chicken biryani and parantha, a menu handed down over generations. There have been many aberrations but since the inclusion of a Frenchman in the family, champagne has become an essential addition to the Sunday routine. It is now a family tradition. As a result I have become a champagneholic. And that is the origin of this diet.”

End result: today people often ask Kalli, ‘Hey, where did you leave the rest of you?’

Images: courtesy India Today

Buy the book: Confessions of a Serial Dieter

Watcha video of the book launch: Kalli Purie

Also read: Aroon Purie: Indian papers are in a time warp

‘Rule no.1 of journalism: there are no gods’

An Aroon Purie tribute worthy of emulation

Why Aroon Purie elevated Prabhu Chawla

An Aroon Purie tribute worthy of emulation

24 September 2010

Farewell speeches and circulars in Indian media houses—where good HR practises are somewhere between 18th and 19th century—are usually grim, graceless, god-awful affairs.

The moment the exit sign lights up over an employee’s head, the good times are over: bosses suddenly bare their fangs, colleagues start hissing amongst themselves, and management chamchas slither around suspiciously.

Take a bow, Aroon Purie.

The India Today bossman has penned a touching farewell note for his Bombay bulwark, Mohini Bhullar (in picture), whose exit from the group was announced on Wednesday vide an email.

Below is the full text of Purie’s syanora laden with grace, goodness, gratitude—and civility—something that pumped-up managers and accountants would do well to ctrl-x and ctrl-v.

***

“Please join me in making this announcement very special.

“Because, it’s about a very special person.

“Because, it’s perhaps the most important and emotional formal announcements I have ever made in my life, and one I thought I would never make. It’s about someone who stood by my side for nearly a lifetime, and helped me steer the company from its inception to the enviable position it occupies today. It’s about someone who’s an integral part of the India Today group – and my professional life.

“Mohini has decided to move on from the India Today group effective September 30, 2010, after a glorious innings spanning over 40 years. She came on board with our group company Thomson Press as part of the sales team and was the first to establish a beachhead sales office in Bombay for Thomson Press. When we entered publishing, this became the very critical ad sales office for LMI [Living Media India] which she headed. The rest, as they say, is history. What a journey it has been!

“Mohini’s unflinching zeal, conviction and never-say-die attitude are some of the personal traits that have made her an indispensable part of the company. I can say this without any hesitation that the success we enjoy today is primarily because of her contribution and her enormous dedication.

“There was one common thread that kept her going in her entire career with the India Today Group, be it as editor of Bombay magazine, as publishing director of ITMB, as marketing director of the entire company, or for that matter, as the executive director in charge of the events SBU. It was her indomitable will, energy and her total professionalism. She is revered as the ‘Mother Queen’ of Indian print media by advertisers, agencies and the media alike – a fitting tribute to her competence and accomplishments. She has handled all her diverse and challenging roles with her usual aplomb.

“Now at the golden age of 77, Mohini is still very young in every which way. She still takes early morning flights, climbs up 3 flights of stairs at our F14 office in Connaught Place, probably faster than most of us, parties till late, shares the latest jokes with the young trainees who work with her and even supervises the event set-up for the IT Conclave at 1 am! And I also know for sure that she responds to calls, emails and text messages within a few seconds. Truly amazing!

“When I was running Thomson Press, and we were trying to figure out how to create our own work for the press, we came up with the idea of creating our own children books. Not finding any willing authors, she and I even wrote children books. We had great fun together. That’s the way it has been ever since.

“She brought to India from the Thomson UK the rights (for free of course) to publish a medical journal called the Journal of Applied Medicine, and that small publication was our first foray into magazine publishing and a precursor to India Today and all that followed.

“Mohini has single-handedly helped to build the brand India Today, while leaving me and the founding edit team to concentrate on the various editorial challenges when we launched India Today in 1975. Thanks to her, I didn’t, and still don’t have to make a single sales call to any company or ad agency. She completely insulated the editorial team from the commercial pressures advertisers are prone to exerting and established the abiding cornerstone of the company of uncompromising editorial integrity.

“Mohini has inspired the key younger generation of leaders in the Group. Our CEO, Ashish Bagga, tells me that his first interview as management trainee was with Mohini in Bombay in 1983, at her office in Jolly Maker Chambers. Malcolm Mistry, publishing director, was Mohini’s understudy for over 6 years and was handpicked by her. Most of the advertising and media professionals in India have at some point in time worked or interacted with Mohini. She has represented the Company on the INS, ABC, NRS, ASCI, MRUC, AIM and many other premier industry bodies.

“But alas, I guess, all good things have to come to an end. Mohini has decided to move on and I on behalf of the entire 5000 employees of ITG, comprising TP, LMI, TVTN, IDIL, MT, ITAS, Bagit, HCI and all the ones that are currently being incubated, wish her an amazing and successful journey ahead. A journey full of good health, happiness, prosperity and satisfaction.

“It is my good fortune to have found a wonderful colleague like Mohini so early in my working life and I am filled with sadness that our ‘lucky shining star’ will be leaving us. But I know for sure that she will continue to cast her lucky charm on us and guide us to even better and happier times.

“We will all really miss Mohini. No words are sufficient to thank her for her contribution to the Group. We will continue to reap the benefits of that for the years to come.

“Please do join me in wishing Mohini the very best in all her future pursuits and to radiate happiness to all around her with her ever so charming smile and demeanor.”

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