Posts Tagged ‘Ramesh Agarwal’

12 media barons worth Rs 2,962,530,000,000

6 November 2012

Twelve media barons in Forbes India‘s list of the 100 richest Indians are worth $54.6 billion, in other words Rs 2,962,530,000,000.

There are five pure-play media barons in the Forbes list: Subhash Chandra of Zee (total worth $2.9 billion) at No. 22, Kalanidhi Maran of Sun ($2.8 billion) at No. 24, Indu Jain of The Times of India ($1.9 billion) at No. 31, Shobhana Bharatia of Hindustan Times ($620 million) at No. 93 and Ramesh Agarwal of Dainik Bhaskar ($580 million) at No. 95,

There are seven others with partial media interests: Mukesh Ambani of TV18-ETV ($21 billion) at No. 1, Shashi and Ravi Ruia of TimeOut ($8.1 billion) at No. 8, Kumar Mangalam Birla of Living Media ($7.8 billion) at No. 10, Anil Ambani of Bloomberg ($6 billion) at No. 11, Rajan Raheja of Outlook* ($2.2 billion) at No. 29 and Sanjiv Goenka of Open ($725 million) at No. 80.

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The Forbes special issue features a four-page profile of Satyan Gajwani, the son-in-law of The Times of India‘s bossman Samir Jain and CEO of Times Internet Limited (TIL), the group’s digital arm.

“It was in the last year of Stanford that Satyan’s life took a turn when he met Trishla Jain. “I didn’t know anything about Trishla’s family. We dated through college. We both moved to New York, she was doing other work at NYC.”

# Samir Jain told Gajwani that he really should think about coming to India. “He said a lot of strategic decisions are going to be made in next six months that may have long term impact, so you should be part of them.”

# “Fortunately, Trishla’s dad was very progressive, both in terms of intellect and culturally. He was convinced that we would have married anyways. He said, you are already my son for all practical purposes. So I moved here as her boyfriend and lived with them in Delhi for six months. And then when I was comfortable, we got engaged, and a year-and-a-half later, we got married in 2011.”

# “I have the autonomy to make a big change in our culture and processes. It’s partially because I am the family.”

# That Gajwani has come into Times Internet Limited at the top, as CEO, has had many people saying his success was not earned. That includes his own father. “My dad says you should work your way up a company, slog it out for five years first, so he’s like, you’ve just got put in this position so soon.”

# “In India there is a hierarchical perception: They will agree because I am the boss. That is not what I want, my intention is to stimulate debate.”

# “Digital media is different from other media. Most media companies suck at it.”

# Trishla is now carrying their baby and in a few months, they’ll be parents. “So I have got four more months of being able to work very hard and then life goes normal. He does not want to ‘outsource’ parenting. “I am excited to have kids, but if it’s too much to handle then I can just give them to Samir Uncle.”

* Disclosures apply

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Also read: Forbes can name India’s second richest woman

External reading: How did Satyan Gajwani become CEO at 27?

10 media barons in India Today power list of 50

12 March 2010

Ronnie Screwvala of UTV, and Prannoy Roy and Radhika Roy of NDTV, are the three prominent media names missing in India Today magazine’s annual ranking of the 50 most powerful people in India for the year of the lord, 2010.

Otherwise, this year’s list comprise the usual barons: Samir Jain and Vineet Jain of The Times of India group at No.8; Kalanidhi Maran of Sun TV at No. 16 (up eight places from last year); Raghav Bahl of TV18 at No. 17 (down from No. 15); Subhash Chandra of Zee at No. 22; Ramesh Agarwal and Sudhir Agarwal of Dainik Bhaskar and DNA at No. 30 (up five places from last year); Mahendra Mohan Gupta and Sanjay Gupta of Dainik Jagran at No. 33 (up from 39) ; and Rajeev Chandrasekhar of Asianet and Suvarna at No. 37 (up from 46, although India Today strangely claims he is a new entrant).

But the printer’s devil is in the details.

India Today says Vineet Jain is obsessive about the photogallery of Indiatimes, Samir about the layout of ToI‘s editorial page (an obsession that began in 1989); Maran, an amateur radio operator, is the highest-paid executive in India earning Rs 37 crore per annum; Bahl will publish a book on the political economy of India and China this August; Mahendra Mohan Gupta has acquired an Audi Q7; and Rajeev Chandrasekhar wears Canali suits or jackets, Stemar shoes and Jaeger le Coultre watches.

Also read: 26% of India’s most powerful are media barons

The 11 habits of India’s most powerful media pros

A columnist more powerful than all the media barons

A house for Dr & Mrs Roy at Rs 270,000,000

An A-list most A-listers don’t want to be a part of

26% of India’s most powerful are media barons

6 March 2009

The latest issue of India Today magazine carries the annual ranking of the 50 most powerful people in the country, and 13 media worthies find a mention.

All but two of them have shown an improvement over last year’s ranking. Remarkably, only one major English newspaper group is on the list.

The brothers Samir and Vineet Jain who run The Times of India group, come in at No.8 (up one place from No. 9 last year); Raghav Bahl of Network 18 is at 15 (up from No.18); Ronnie Screwvala of UTV is at No. 20 (up from No. 24); Subhash Chandra of Zee Network is at No. 22 (up from No. 20); Kalanidhi and Dayanidhi Maran of Sun Networkare at No. 24 (up from No. 31); Ramesh and Sudhir Agarwal of Dainik Bhaskar are at No. 35 (up from No. 37);  uncle and nephew Mahendra Mohan and Sanjay Gupta are at No. 39 (up from No. 45); Rajeev Chandrashekhar of Asianet and Suvarna is at No 46 (up from No. 50).

The only media barons whose stock has gone down are Prannoy and Radhika Roy of NDTV who are at No. 42, down 20 places from No. 22 last year.

Missing from last year’s list is T. Venkattram Reddy of Deccan Chronicle and Asian Age.

As always, though, the masala is in the fineprint.

Indu Jain, we are told, no longer visits office. Samir’s daughter Trishala‘s soon-to-be-husband is already ensconced on the fourth floor of Times House in Delhi. Raghav Bahl watches Balika Vadhu. Screwvala has moved into a home in Breach Candy in Bombay that he and his wife Zarina Khote worked on for five years. Subhash Chandra practises Vipassana for 45 minutes every day. Kalanidhi’s “centre of gravity” is his daughter Kaviya. Rajeev Chandrasekhar has Ferraris, BMWs and India’s largest collection of Land Rovers in his fleet, although his favourite is a red Lamborghini.

Also read: The 11 habits of India’s most powerful media pros

Forbes can name India’s second richest woman

Is this man the next media mogul of India?

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