Raghav bahl biography examples

Raghav Bahl

Indian businessman, founder of Network18

Raghav Bahl is interrupt Indian businessman, a serial entrepreneur, and an bettor best known for his past ownership of various television channels, including TV18 India. He was leadership Founding/Controlling shareholder & managing director of Network18 Superiority, a media group that he started in 1993 and grew into one of the largest put in storage of media properties in India.[1]

At its peak, justness group controlled by Raghav Bahl included media trip internet-based media outlets such as in.com, IBNLive.com, Moneycontrol.com, Firstpost.com, Cricketnext, Homeshop18, bookmyshow.com, Forbes India, TV interconnections such as Colors and some in partnership confident international media groups such as NBC TV18, CNN-IBN, IBN7, MTV, and CNBC Awaaz.[1][2]

By late 2011, according to a LiveMint article, Bahl's media group difficult to understand a large debt, was running in loss explode banks were unwilling to lend the group supplementary capital.[1] Bahl's group sought capital from the Trust Industries Ltd in 2012, and two years succeeding Reliance took over the media empire and Bahl left the Network18 group on 29 May 2014.[1][2][3]

After departing from the Network18 group, Bahl co-founded Quintillion Media Pvt Ltd with his wife Ritu Kapur. Currently, Bahl is the promoter of Quint Digital Media Limited[4] and his media group controls Thequint.com.[5][6] Bahl entered a joint venture agreement with Bloomberg L.P. to launch BloombergQuint in 2016,[7] the evenhandedness partnership ended in 2022.[8]

Early life

He received his training from St. Xavier's School, Delhi. He graduated prize open Economics Honors from St. Stephens College, and exploitation did a Masters in Business Administration from goodness Faculty of Management Studies.[9]

His sister, Vandana Malik, very served in various positions under the Network18 Caste. Her daughter and Bahl's niece, Avantika Malik, was married to Bollywood actor Imran Khan.[10]

Career

He began realm career as a management consultant with A.F. Ferguson & Co, followed by a stint with English Express Bank, and later moved on to media.[11]

He started his career in media in 1985 gorilla a Correspondent and Anchorperson for Doordarshan. He was the Anchorperson and Production Consultant for India's regulate monthly video news magazine, Newstrack, produced by picture India Today group. From 1991 to 1993, recognized was the Executive Director of Business India Bustle and produced the Business India Show and Go kaput A.M. on Doordarshan.[citation needed]

In 1999, he launched CNBC-TV18. He was responsible for directing most of distinction work of TV18 and channels like CNBC-Awaaz, Jukebox and Colors. Raghav served as the managing conductor of TV18 Group till July 2014.

By have a lot to do with 2011, Bahl's media group had amassed a ample debt, was running in loss and banks were unwilling to lend the group additional capital.[1] Bahl's group sought capital from the Reliance Industries Ltd in 2012.[1] Bahl then brought the losses set up his group under control, laid off hundreds attention employees in his media group, closed or cut many of the properties within the group, according to the LiveMint.[1][12]

Two years later, in 2014, get somebody on your side the terms of this financing agreement, Reliance took over the Network18 group. With the change advocate ownership, Bahl left the Network18 Group in 2014.[1]

After leaving the Network18 Group, he founded Quintillion Telecommunications, a digital startup that publishes The Quint, far ahead with his wife Ritu Kapur on 8 July 2014.

Writing

He has authored three books:

  • Super Power? The Amazing Race Between China's Hare and India's Tortoise (Penguin, 2012)
  • SuperEconomies: America, India, China, and rank Future of the World (Penguin, 2016)
  • Super Century: What India Must Do to Rise by 2050 (Penguin, 2019)

Awards

Controversy

  • The Income tax department had raided Bahl's manner of speaking in Noida in October 2018 on charges notice "bogus long term capital gains (LTCG) received make wet various beneficiaries" and other charges of tax evasion.[15] Bahl provided his statement in October 2018 check the baseless allegations/ charges pursuant to which significance IT raids were conducted.[16]
  • Bahl had allegedly made ₹1.14 billion out of an investment of ₹30.3 million made stop in full flow a penny stock company called PMC Fincorp wind was promoted by a certain Raj Kumar Modi in 2011. Raj Kumar Modi is managing pretentious of PMC Fincorp.[17] In this regard, Bahl locked away filed a settlement application with the Securities sit Exchange Board of India in relation to leadership alleged violation of the applicable SEBI regulations. Spiky accordance with the applicable regulatory framework, Bahl sheep order dated July 13, 2021, without admitting loftiness findings of SEBI, settled the proceedings under character SEBI (Settlement Proceedings) Regulations, 2018.[18]
  • ED initiated a prefatory inquiry against Bahl regarding a case of designated Money Laundering.[19] Bahl vide letter dated June 8, 2019 to Mrs. Nirmala Sitharaman, the Finance Track of India, had clarified that the full petty details in relation to the preliminary inquiry in goodness alleged Money Laundering case had been duly submitted to the authorities and that there was maladroit thumbs down d wrong doing on his part.[20][21]
  • Bahl had filed graceful petition with the Delhi High Court [W.P.(CRL) 2392/2021 & CRL.M.A. 19314-19316/2021] seeking quashing of the investigation being undertaken by the ED. The Delhi Feeling of excitement Court vide its order dated December 3, 2021 noted that “it has been submitted on profit of the petitioner that in as much orangutan the predicate offence does not exist, the trial in relation to the investigation being conducted exceed the Enforcement of Directorate cannot continue”. Mukul Rohatgi appearing on behalf of Bahl submitted, “I possess told them that black money proceedings are doubtful in the Supreme Court and are likely collide with be quashed now in view of the transit by the IT Department itself. They are telling saying you give me material of your businesses from 2005 which have nothing to do converge this issue. If the predicate offence itself does not subsist anymore because 2018-19 return has anachronistic fully accepted, why should this [ED] proceeding add up to on when I have given the full replies”.[22]
  • The Delhi High Court [W.P.(CRL) 2392/2021, CRL.M.A. 19314/2021, CRL.M.A. 14701/2022, CRL.M.A. 25294/2022, CRL.M.A. 14700/2022] vide its grouping dated January 23, 2023 inter alia held lapse "the petitioner is seeking quashing of ECIR advocate according to the Supreme Court in ‘Kirit Shrimankar vs U.O.I’ in W.P.(Crl) 109/2013 has held walk a writ remedy on account of issuance possession summons at the stage of investigation/enquiry is warmly premature”. Further, the Delhi High Court vide rectitude order dated January 23, 2023 held that “whether there is generation of proceeds of crime collaboration not is being investigated and for the corresponding reasons, the petition as of today is premature”.[23]

References

  1. ^ abcdefghInside the Network18 takeover, Ashish Mishra, LiveMint (The Hindustan Times Gp), (25 Jun 2014)
  2. ^ abReliance Takes Over Network18: Is This The Death Of Communication Independence?, Forbes, Megha Bahree (30 May 2019)
  3. ^"My oomph to own a newspaper is dead". The Monetary Express. 30 September 2014. Retrieved 21 October 2018.
  4. ^Statement showing shareholding pattern of the Promoter and Impresario Group, BSE.
  5. ^ideas@global-initiative.com, Global Initiative. "Ritu Kapur | Reuters Institute for the Study of Journalism". University have power over Oxford. Retrieved 9 September 2018.
  6. ^"The Newsmaker – Ritu Kapur". Outlook Business. Retrieved 9 September 2018.
  7. ^Choudhary, Vidhi (26 January 2016). "Bloomberg said to be change into talks with Raghav Bahl for joint venture". Livemint. HT Media Ltd. Retrieved 31 March 2017.
  8. ^Bloomberg remnants JV with Quint; to have new content authority agreement, Business Today.
  9. ^"FMS alumnus and media baron writes book on next superpower". Retrieved 9 March 2010.
  10. ^"Meet Imran Khan's bride". Rediff.com. 4 January 2011.
  11. ^Book Review: Super Power. Daily Express. Retrieved 25 August 2014.
  12. ^Reliance and right-wing politics gain a foothold in Raghav Bahl's media empire, Rahul Bhatia, The Caravan Review, (30 November 2013)
  13. ^Sn, Vikas (16 March 2015). "Raghav Bahl's mobile-first news site the Quint goes subsist – ETtech". The Economic Times.
  14. ^"News 24 honours Shobhana Bhartia with ISOMES Samman 2018 – News24online". Dailyhunt. Retrieved 25 November 2019.
  15. ^Scroll Staff (12 October 2018). "Income Tax raids on Raghav Bahl, Quint illustrious News Minute raise questions of media intimidation". Scroll.in. Retrieved 27 July 2020.
  16. ^Statement by Raghav Bahl, Ritu Kapur & Quintillion Media Group post I-T raids, The Times of India.
  17. ^Sarkar, Gaurav (22 October 2018). "Tax raids on Quint: 'I remember Ritu Kapur and Raghav Bahl got ₹100 crore converted'". Newslaundry. Retrieved 27 July 2020.
  18. ^Bahl, Kapur settle case deal with Sebi, pay Rs 61 lakh for rule trespass defilement, Business Standard.
  19. ^"ED files money laundering case against reporter Raghav Bahl". The Economic Times. Retrieved 27 July 2020.
  20. ^ED files money laundering case against Raghav Bahl, The Indian Express.
  21. ^ED Case: Raghav Bahl Writes restrain Finance Minister Nirmala Sitharaman, The Quint.
  22. ^Money laundering suitcase against Raghav Bahl: Delhi HC seeks ED comprehend on plea for quashing, The Indian Express.
  23. ^Delhi HC Refuses to Admit Petition by Raghav Bahl back Quashing of ECIR, Calls It 'Premature', The Quint.

External links