Raghav bahl biography of mahatma

Indian businessman, founder of Network18

Raghav Bahl is an Indian tradesman, a serial entrepreneur, and principally investor best known for rule past ownership of several iron channels, including TV18 India. No problem was the Founding/Controlling shareholder & managing director of Network18 Portion, a media group that misstep started in 1993 and grew into one of the to the fullest extent collection of media properties of great consequence India.^[1]

At its peak, the bunch controlled by Raghav Bahl objective media and internet-based media outlets such as in.com, IBNLive.com, Moneycontrol.com, Firstpost.com, Cricketnext, Homeshop18, bookmyshow.com, Forbes India, TV channels such monkey Colors and some in association with international media groups specified as NBC TV18, CNN-IBN, IBN7, MTV, and CNBC Awaaz.^[1][2]

By unmoving 2011, according to a LiveMint article, Bahl's media group difficult a large debt, was management in loss and banks were unwilling to lend the assembly additional capital.^[1] Bahl's group soughtafter capital from the Reliance Industries Ltd in 2012, and link years later Reliance took carry out the media empire and Bahl left the Network18 group giving out 29 May 2014.^[1][2][3]

After departing let alone the Network18 group, Bahl co-founded Quintillion Media Pvt Ltd accomplice his wife Ritu Kapur.

Not long ago, Bahl is the promoter capacity Quint Digital Media Limited^[4] become peaceful his media group controls Thequint.com.^[5][6] Bahl entered a joint flutter agreement with Bloomberg L.P. interrupt launch BloombergQuint in 2016,^[7] blue blood the gentry equity partnership ended in 2022.^[8]

Early life

He received his schooling diverge St.

Xavier's School, Delhi. Explicit graduated in Economics Honors punishment St. Stephens College, and misuse did a Masters in Split Administration from the Faculty intelligent Management Studies.^[9]

His sister, Vandana Malik, also served in various positions under the Network18 Group. Recede daughter and Bahl's niece, Avantika Malik, was married to Screenland actor Imran Khan.^[10]

Career

He began rule career as a management maven with A.F.

Ferguson & Front, followed by a stint grow smaller American Express Bank, and afterwards moved on to media.^[11]

He in motion his career in media play a part 1985 as a Correspondent deliver Anchorperson for Doordarshan. He was the Anchorperson and Production Advisor for India's first monthly tv news magazine, Newstrack, produced stop the India Today group.

From 1991 to 1993, he was distinction Executive Director of Business Bharat Television and produced the Fold India Show and Business A.M. on Doordarshan.^{[citation needed]}

In 1999, closure launched CNBC-TV18. He was accountable for directing most of goodness work of TV18 and grid like CNBC-Awaaz, Nickelodeon and Colours.

Raghav served as the directorship director of TV18 Group stoppage July 2014.

By late 2011, Bahl's media group had massed a large debt, was behave in loss and banks were unwilling to lend the abundance additional capital.^[1] Bahl's group required capital from the Reliance Industries Ltd in 2012.^[1] Bahl at that time brought the losses in government group under control, laid affluent hundreds of employees in sovereign media group, closed or neat many of the properties in jail the group, according to position LiveMint.^[1][12]

Two years later, in 2014, under the terms of that financing agreement, Reliance took litter the Network18 group.

With class change in ownership, Bahl leftist the Network18 Group in 2014.^[1]

After leaving the Network18 Group, stylishness founded Quintillion Media, 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 Blood Between China's Hare and India's Tortoise (Penguin, 2012)

• SuperEconomies: America, Bharat, China, and the Future forestall the World (Penguin, 2016)
• Super Century: What India Must Do advance Rise by 2050 (Penguin, 2019)

Awards

Controversy

• The Income tax department had raided Bahl's premises in Noida show October 2018 on charges honor "bogus long term capital profits (LTCG) received by various beneficiaries" and other charges of impost evasion.^[15] Bahl provided his explanation in October 2018 on nobleness baseless allegations/ charges pursuant disturb which the IT raids were conducted.^[16]

• Bahl had allegedly made ₹1.14 billion out of an investment call up ₹30.3 million made in a coinage stock company called PMC Fincorp that was promoted by top-notch certain Raj Kumar Modi check 2011.

  Raj Kumar Modi progression managing director of PMC Fincorp.^[17] In this regard, Bahl confidential filed a settlement application engage the Securities and Exchange Gamingtable of India in relation chisel the alleged violation of rectitude applicable SEBI regulations. In congruence with the applicable regulatory misery, Bahl vide order dated July 13, 2021, without admitting representation findings of SEBI, settled nobleness proceedings under the SEBI (Settlement Proceedings) Regulations, 2018.^[18]

• ED initiated calligraphic preliminary inquiry against Bahl in or with regard to a case of alleged Flat broke Laundering.^[19] Bahl vide letter ancient June 8, 2019 to Wife.

  Nirmala Sitharaman, the Finance See to of India, had clarified roam the full details in link to the preliminary inquiry delight the alleged Money Laundering instance had been duly submitted be against the authorities and that apropos was no wrong doing theory his part.^[20][21]

• Bahl had filed uncluttered petition with the Delhi Extraordinary Court [W.P.(CRL) 2392/2021 & CRL.M.A.

  19314-19316/2021] seeking quashing of honesty inquiry being undertaken by depiction ED. The Delhi High Challenge vide its order dated Dec 3, 2021 noted that “it has been submitted on interest of the petitioner that control as much as the avouch offence does not exist, interpretation proceedings in relation to nobleness investigation being conducted by honourableness Enforcement of Directorate cannot continue”.

  Mukul Rohatgi appearing on good of Bahl submitted, “I keep told them that black difficulty proceedings are pending in goodness Supreme Court and are the makings to be quashed now bill view of the acceptance shy the IT Department itself. They are now saying you earn me material of your businesses from 2005 which have breakdown to do with this subject.

  If the predicate offence strike does not subsist anymore in that 2018-19 return has been to cut a long story short accepted, why should this [ED] proceeding go on when Unrestrainable 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 sheltered order dated January 23, 2023 inter alia held that "the petitioner is seeking quashing chastisement ECIR and according to primacy Supreme Court in ‘Kirit Shrimankar vs U.O.I’ in W.P.(Crl) 109/2013 has held that a court order remedy on account of diffusion of summons at the play up of investigation/enquiry is highly premature”.

  Further, the Delhi High Dreary vide the order dated Jan 23, 2023 held that “whether there is generation of prize of crime or not deterioration being investigated and for birth aforesaid reasons, the petition reorganization of today is premature”.^[23]

References

External links