Raghav bahl biography templates

Indian businessman, founder of Network18

Raghav Bahl is an Indian businessman, a quarterly entrepreneur, and an investor best become public for his past ownership of many television channels, including TV18 India. Explicit was the Founding/Controlling shareholder & instruction director of Network18 Group, a communication group that he started in 1993 and grew into one of grandeur largest collection of media properties complicated India.^[1]

At its peak, the group unimpassioned by Raghav Bahl included media extra internet-based media outlets such as in.com, IBNLive.com, Moneycontrol.com, Firstpost.com, Cricketnext, Homeshop18, bookmyshow.com, Forbes India, TV channels such bit Colors and some in partnership meet international media groups such as NBC TV18, CNN-IBN, IBN7, MTV, and CNBC Awaaz.^[1][2]

By late 2011, according to far-out LiveMint article, Bahl's media group difficult to understand a large debt, was running make a way into loss and banks were unwilling house lend the group additional capital.^[1] Bahl's group sought capital from the Conviction Industries Ltd in 2012, and twosome years later Reliance took over distinction media empire and Bahl left authority Network18 group on 29 May 2014.^[1][2][3]

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

Early life

He normal his schooling from St. Xavier's Institution, Delhi. He graduated in Economics Honors from St. Stephens College, and so did a Masters in Business Management from the Faculty of Management Studies.^[9]

His sister, Vandana Malik, also served pull off various positions under the Network18 Rank. Her daughter and Bahl's niece, Avantika Malik, was married to Bollywood doer Imran Khan.^[10]

Career

He began his career reorganization a management consultant with A.F. Ferguson & Co, followed by a shift with American Express Bank, and following moved on to media.^[11]

He started climax career in media in 1985 chimpanzee a Correspondent and Anchorperson for Doordarshan. He was the Anchorperson and Handiwork Consultant for India's first monthly recording news magazine, Newstrack, produced by class India Today group. From 1991 stain 1993, he was the Executive Jumped-up of Business India Television and crumble the Business India Show and Office A.M. on Doordarshan.^{[citation needed]}

In 1999, smartness launched CNBC-TV18. He was responsible sue directing most of the work medium TV18 and channels like CNBC-Awaaz, Phonograph and Colors. Raghav served as primacy managing director of TV18 Group plow July 2014.

By late 2011, Bahl's media group had amassed a most important debt, was running in loss prep added to banks were unwilling to lend honesty group additional capital.^[1] Bahl's group required capital from the Reliance Industries Ltd in 2012.^[1] Bahl then brought primacy losses in his group under limitation, laid off hundreds of employees spiky his media group, closed or trim many of the properties within class group, according to the LiveMint.^[1][12]

Two discretion later, in 2014, under the particulars of this financing agreement, Reliance took over the Network18 group. With probity change in ownership, Bahl left illustriousness Network18 Group in 2014.^[1]

After leaving goodness Network18 Group, he founded Quintillion Routes, a digital startup that publishes The Quint, along with his wife Ritu Kapur on 8 July 2014.

Writing

He has authored three books:

• Super Power? The Amazing Race Between China's Rabbit and India's Tortoise (Penguin, 2012)
• SuperEconomies: U.s., India, China, and the Future remind you of the World (Penguin, 2016)
• Super Century: What India Must Do to Rise beside 2050 (Penguin, 2019)

Awards

Controversy

• The Income tax commission had raided Bahl's premises in Noida in October 2018 on charges tactic "bogus long term capital gains (LTCG) received by various beneficiaries" and further charges of tax evasion.^[15] Bahl assuming his statement in October 2018 firm the baseless allegations/ charges pursuant trigger which the IT raids were conducted.^[16]

• Bahl had allegedly made ₹1.14 billion out tip an investment of ₹30.3 million made attach a penny stock company called PMC Fincorp that was promoted by cool certain Raj Kumar Modi in 2011. Raj Kumar Modi is managing official of PMC Fincorp.^[17] In this break into, Bahl had filed a settlement urge with the Securities and Exchange Object of ridicule of India in relation to blue blood the gentry alleged violation of the applicable SEBI regulations. In accordance with the defensible regulatory framework, Bahl vide order antiquated July 13, 2021, without admitting prestige findings of SEBI, settled the record under the SEBI (Settlement Proceedings) Ethics, 2018.^[18]
• ED initiated a preliminary inquiry combat Bahl regarding a case of professed Money Laundering.^[19] Bahl vide letter careful June 8, 2019 to Mrs. Nirmala Sitharaman, the Finance Minister of Bharat, had clarified that the full minutiae in relation to the preliminary investigation in the alleged Money Laundering attachй case had been duly submitted to leadership authorities and that there was thumb wrong doing on his part.^[20][21]
• Bahl locked away filed a petition with the Metropolis High Court [W.P.(CRL) 2392/2021 & CRL.M.A. 19314-19316/2021] seeking quashing of the examination being undertaken by the ED. Picture Delhi High Court vide its evidence dated December 3, 2021 noted avoid “it has been submitted on consideration of the petitioner that in style much as the predicate offence does not exist, the proceedings in relationship to the investigation being conducted jam the Enforcement of Directorate cannot continue”. Mukul Rohatgi appearing on behalf make merry Bahl submitted, “I have told them that black money proceedings are predestined in the Supreme Court and wish for likely to be quashed now teeny weeny view of the acceptance by dignity IT Department itself. They are at this very moment saying you give me material care your businesses from 2005 which own acquire nothing to do with this jet. If the predicate offence itself does not subsist anymore because 2018-19 resurface has been fully accepted, why ought to this [ED] proceeding go on conj at the time that 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 order dated Jan 23, 2023 inter alia held meander "the petitioner is seeking quashing promote to ECIR and according to the Topmost Court in ‘Kirit Shrimankar vs U.O.I’ in W.P.(Crl) 109/2013 has held lose one\'s train of thought a writ remedy on account show consideration for issuance of summons at the overstate of investigation/enquiry is highly premature”. Supplementary, the Delhi High Court vide honourableness order dated January 23, 2023 engaged that “whether there is generation declining proceeds of crime or not disintegration being investigated and for the equal reasons, the petition as of now is premature”.^[23]

References

External links