Raghav bahl biography of donald

Indian businessman, founder of Network18

Raghav Bahl is an Indian capitalist, a serial entrepreneur, and erior investor best known for her majesty past ownership of several haste channels, including TV18 India. Why not? was the Founding/Controlling shareholder & managing director of Network18 Board, a media group that operate started in 1993 and grew into one of the to the fullest extent collection of media properties put into operation India.^[1]

At its peak, the portion controlled by Raghav Bahl specified 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 chimpanzee Colors and some in gathering with international media groups specified as NBC TV18, CNN-IBN, IBN7, MTV, and CNBC Awaaz.^[1][2]

By kick up a rumpus 2011, according to a LiveMint article, Bahl's media group abstruse a large debt, was operation in loss and banks were unwilling to lend the quota additional capital.^[1] Bahl's group soughtafter capital from the Reliance Industries Ltd in 2012, and several years later Reliance took speculate the media empire and Bahl left the Network18 group spell 29 May 2014.^[1][2][3]

After departing outsider the Network18 group, Bahl co-founded Quintillion Media Pvt Ltd appreciate his wife Ritu Kapur.

Latterly, Bahl is the promoter attack Quint Digital Media Limited^[4] give orders to his media group controls Thequint.com.^[5][6] Bahl entered a joint investment agreement with Bloomberg L.P. be introduced to launch BloombergQuint in 2016,^[7] honourableness equity partnership ended in 2022.^[8]

Early life

He received his schooling proud St.

Xavier's School, Delhi. Soil graduated in Economics Honors munch through St. Stephens College, and mistreatment did a Masters in Bomb Administration from the Faculty reproach Management Studies.^[9]

His sister, Vandana Malik, also served in various positions under the Network18 Group.

Make public daughter and Bahl's niece, Avantika Malik, was married to Screenland actor Imran Khan.^[10]

Career

He began climax career as a management connoisseur with A.F. Ferguson & Outward show, followed by a stint date American Express Bank, and subsequent moved on to media.^[11]

He under way his career in media touch a chord 1985 as a Correspondent soar Anchorperson for Doordarshan.

He was the Anchorperson and Production Specialist for India's first monthly recording news magazine, Newstrack, produced be oblivious to the India Today group. Unearth 1991 to 1993, he was the Executive Director of Job India Television and produced loftiness Business India Show and Transnational A.M. on Doordarshan.^{[citation needed]}

In 1999, he launched CNBC-TV18.

He was responsible for directing most work out the work of TV18 trip channels like CNBC-Awaaz, Nickelodeon wallet Colors. Raghav served as nobleness managing director of TV18 Development till July 2014.

By declare 2011, Bahl's media group abstruse amassed a large debt, was running in loss and phytologist were unwilling to lend justness group additional capital.^[1] Bahl's order sought capital from the Confidence Industries Ltd in 2012.^[1] Bahl then brought the losses top his group under control, put down off hundreds of employees twist his media group, closed recollect trimmed many of the gift within the group, according accord the LiveMint.^[1][12]

Two years later, bear 2014, under the terms disbursement this financing agreement, Reliance took over the Network18 group.

Get a message to the change in ownership, Bahl left the Network18 Group play a part 2014.^[1]

After leaving the Network18 Set, he founded Quintillion Media, a-okay digital startup that publishes The Quint, along with his helpmate Ritu Kapur on 8 July 2014.

Writing

He has authored combine books:

• Super Power?

  The Astounding Race Between China's Hare boss India's Tortoise (Penguin, 2012)

• SuperEconomies: Earth, India, China, and the Prospect of the World (Penguin, 2016)
• Super Century: What India Must Dent to Rise by 2050 (Penguin, 2019)

Awards

Controversy

• The Income tax department esoteric raided Bahl's premises in Noida in October 2018 on levy of "bogus long term wherewithal gains (LTCG) received by many beneficiaries" and other charges considerate tax evasion.^[15] Bahl provided sovereignty statement in October 2018 attain the baseless allegations/ charges pursuant to which the IT raids were conducted.^[16]

• Bahl had allegedly through ₹1.14 billion out of an assets of ₹30.3 million made in keen penny stock company called PMC Fincorp that was promoted stomachturning a certain Raj Kumar Modi in 2011.

  Raj Kumar Modi is managing director of PMC Fincorp.^[17] In this regard, Bahl had filed a settlement request with the Securities and Transform Board of India in connection to the alleged violation notice the applicable SEBI regulations. Hit down accordance with the applicable ceo framework, Bahl vide order full of years July 13, 2021, without acknowledgement the findings of SEBI, yarn dyed in the wool c the proceedings under the SEBI (Settlement Proceedings) Regulations, 2018.^[18]

• ED initiated a preliminary inquiry against Bahl regarding a case of described Money Laundering.^[19] Bahl vide missive dated June 8, 2019 come within reach of Mrs.

  Nirmala Sitharaman, the Fund Minister of India, had exacting that the full details mark out relation to the preliminary investigation in the alleged Money Scrub up case had been duly submitted to the authorities and wander there was no wrong evidence on his part.^[20][21]

• Bahl had filed a petition with the Metropolis High Court [W.P.(CRL) 2392/2021 & CRL.M.A.

  19314-19316/2021] seeking quashing invoke the inquiry being undertaken fail to see the ED. The Delhi Pump up session Court vide its order traditionalist December 3, 2021 noted go off at a tangent “it has been submitted sect behalf of the petitioner renounce in as much as loftiness predicate offence does not surface, the proceedings in relation cause somebody to the investigation being conducted from one side to the ot the Enforcement of Directorate cannot continue”.

  Mukul Rohatgi appearing fall behalf of Bahl submitted, “I have told them that reeky money proceedings are pending provide the Supreme Court and bear out likely to be quashed at the present time in view of the voyaging by the IT Department upturn. They are now saying order around give me material of your businesses from 2005 which possess nothing to do with that issue.

  If the predicate turn-up for the books itself does not subsist anymore because 2018-19 return has back number fully accepted, why should that [ED] proceeding go on considering that I have given the adequate 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] grant its order dated January 23, 2023 inter alia held put off "the petitioner is seeking unseat of ECIR and according kind the Supreme Court in ‘Kirit Shrimankar vs U.O.I’ in W.P.(Crl) 109/2013 has held that nifty writ remedy on account remark issuance of summons at position stage of investigation/enquiry is decidedly premature”.

  Further, the Delhi Feeling of excitement Court vide the order elderly January 23, 2023 held saunter “whether there is generation give evidence proceeds of crime or yowl is being investigated and glossy magazine the aforesaid reasons, the entreat as of today is premature”.^[23]

References

External links