News18 India
News18 India is a 24x7 Hindi news channel. The channel is owned by the TV18 Broadcast Limited which is a subsidiary of Network18 Media and Investment Limited. The channel was acquired in 2006 from Dainik Jagran, a media group that today publishes the Hindi daily newspaper – Dainik Jagran. Initially the channel was renamed from Channel7 to IBN7. In November 2006, the channel was rebranded again and got its current name – News18 India. At present the channel is owned by Network18 Media and Investment Limited whose control is with Reliance Industries Limited. Network18 is one of India’s biggest media conglomerates with 53 channels out of which 20 are news channels and remaining 33 are entertainment channels.
The man behind Network18 is Mukesh Ambani, the thirteenth richest person in the world with a net worth of $ 50.4 billion. Mukesh Ambani is also the richest Asian in 2019 according to Forbes.
Audience Share
11.1
Ownership Type
Private
Geographic Coverage
National
Content Type
Free to Air / Satellite
Media Companies / Groups
Network18
Ownership Structure
News18 India is a 24x7 news channel controlled by TV18 Broadcast Limited where 37.89% of its shares are publicly traded in the National Stock exchange. The remaining 62.11% shares of TV18 Broadcast Limited are owned by Network18 Media and Investment Limited (51.16%), Teesta Retail Private Limited (4.97%), RB Mediasoft Private Limited (1.52%), RB Media Holdings Private Limited (0.61%), Watermark Infratech Private Limited (0.61%), Colorful Media Private Limited (0.61%), Adventure Marketing Private Limited (0.61%), Independent Media Trust (0.32%), RRB Investment Private Limited (0.1%) and others (1.71%).
RB Media Holdings Private Limited, Watermark Infratech Private Limited, Colourful Media Private Limited, Adventure Marketing Private Limited, Independent Media Trust, RRB Investment Private Limited are all 100% subsidiaries of Reliance Industries. Same companies also appear in the ownership structure of the Network 18 Media and Investment Limited where they collectively hold 73,16% of shares. 25% of shares of Network 18 Media and Investment Limited are publicly traded in the National Stock Exchange. In detail the shares of Network 18 Media and Investment Limited are divided as follows: RB Mediasoft Private Limited (12.18%), RB Media Holdings Private Limited (12.18%), Adventure Marketing Private Limited (12.18%), Colorful Media Private Limited (12.18%), Watermark Infratech Private Limited (12.18%), RRB Mediasoft Private Limited (10.36%), Independent Media Trust holds (1.88%), Teesta Retail Private Limited (1.85%).
Reliance Industries holds 41.71% share of TV18 Broadcast Limited. (RIL through Network18 Media Investment Limited owns 37.42% and through the above mentioned companies owns 4.29% shares in TV18 Broadcast Limited.) The public directly and through Network 18 Media and Investment Limited holds 50.66%.
Teesta Retail Private Limited has shares in both TV 18 Broadcast Limited (4.97%) and in Network 18 Media and Investment Limited (1.85%) and collectively holds 5.91% shares in TV 18 Broadcast Limited. One of the directors of Teesta Retail Private Limited is Hariharan Mahadevan, who is also a CFO of Network 18. He also holds 1.11% shares in Network 18 Media and Investment Limited as part of the public.
The remaining 1.71% of shares of TV 18 Broadcast Limited is held by the Employee Benefit Trust under SEBI.
Ambani family, headed by Mr. Mukesh Ambani is the ultimate beneficiary of Reliance Industries Limited.
Voting Rights
Missing Data
Individual Owner
Group / Individual Owner
Public
TV 18 Broadcast Limited trades 37.87% of its shares in the National Stock Exchange, whereas Network 18 Media and Investment Limited has 25% public shareholding. Since Network 18 Media Investment Limited owns 51.16% of TV 18 Broadcast Limited, the 25% public shareholding of Network 18 Media and Investment Limited results in 12.59% share control in TV 18 Broadcast Limited. Therefore, the public directly and through Network 18 Media and Investment Limited holds 50.66% of shares in TV 18 Broadcast Limited.
Teesta Retail Private Limited
Teesta Retail Private Limited has shares in both TV 18 Broadcast Limited (4.97%) and in Network 18 Media and Investment Limited (1.85%) and collectively holds 5.91% shares in TV 18 Broadcast Limited. One of the directors of Teesta Retail Private Limited is Hariharan Mahadevan, who is also a Group CFO at Network 18 Media and Investments Limited. He also holds 1.11% shares in Network 18 Media and Investment Limited as part of the public.
Teesta Retail Private Limited is owned by 10 other companies with equal share of 10% each. These are Jaipur Enclave Private Limited, Honeywell Properties Private Limited, Chander Commercial’s Private Limited, Prakhar Commercials Private Limited, Kaniska Commercials Private Limited, Netravati Commercials Limited, Lakshita Commercials Limited, Creative Agrotech Private Limited, Anagh Commercials Private Limited and Starfish Commercials Private Limited. All these 10 companies are located in the same building’s 3rd, 4th and 5th floors: Court House, Dhobi Talao Lokmanya Tilak Marg, Mumbai. As contact detail they all have the email address of one of the directors Sridhar Kothandaraman with a domain ‘ril.com’ which stands for Reliance. 7 names appear across the companies as directors: Sridhar Kothandaraman, Rajagopal Subramanian, Satyanarayanamurthy Veera Venkata Korlep, Geeta Kalyandas Fulwadaya, Sudhakar Saraswatula, Pankaj Mohan Pawar, Ramesh Kumar Damani.
All these individuals hold various other directorships in other Reliance associated companies.
Sridhar Kothandaraman appears to be the company secretary and compliance officer;
Three LinkedIn profiles were found on Rajagopal Subramanian and two of them have Vice-President of Finance at Reliance (no photo), and the third one states as the position the State Head, Interior Division Reliance Industries, Kerala.
Sudhakar Saraswatula, according to his LinkedIn profile, is the Vice president, Corporate & Secretarial at Reliance Industries Ltd.
Ramesh Kumar Damani according to Bloomberg, is the Chief Financial Officer of TV 18 Broadcast Limited since 2015 and at Network 18 media and investments limited since 2017.
General Information
Founding Year
2006
Affiliated Interests Founder
launched the channel as channel 7. Network18 acquired the channel from Danik Jagran and rebranded it from Channel 7 to IBN7 and rebranded again from IBN7 to News18 India in 2006.
Affiliated Interests Ceo
is the CEO and Managing Director of Network18 Media & Investments Limited, the company that owns News18 India news television channel. He has also been the CEO-News and Group Editor Chef. Joshi has a Masters in Management Studies from NarseeMonjee Institute of Management Studies, Mumbai in India. Earlier in his career, Rahul Joshi has worked with Economic Times when he launched ETNOW, a business Channel and ET Online. He is also worked with The Indian Express and on the board of News Broadcasters Association (NBA). He is also a Director of Indiacast Media Distributed Private Limited and Viacom18 Media Private Limited which are subsidiary firms of TV18 Broadcast Private Limited. He is also on the Board of News Broadcasters Association, NBA. Rahul Joshi is also a Director in many other companies including TV18 Broadcast Limited, Indiacast Media Distribution Private Limited, AETN Media Private Limited and Viacom18 Media Private Limited.
Affiliated Interests Editor-In-Chief
See above for more
Contact
Global Broadcast News, Express Trade Tower,
Plot No. 15-16, Sector-16A, Noida, Uttar Pradesh,
Tel: +91-120-4341818, 3987777
Website: www.news18.com
Financial Information
Revenue (in Mill. $)
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Operating Profit (in Mill. $)
Missing Data
Advertising (in % of total funding)
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Market Share
Missing Data
Further Information
Headlines
Meta Data
Since, the Network18 Media and Investment Limited is a listed company the financial Information and the shareholding pattern is available on the company website. The information on company management structure, board of directors, management team is available on the company’s Annual Report. The audience shares are available in the company corporate presentation. Though to retrieve and verify the financial, shareholding and management information the company annual filing on the Ministry of Corporate Affair was checked. Also, email and courier have been sent to the company on 10th January 2019 for the channel financial information and there has been no response from the company yet.
