The Times Group
|Founded||4 November 1838|
|Headquarters||Mumbai, Maharashtra, India|
Indu Jain |
(Chief Executive Officer)
|Revenue||₹9,976 crore (US$1.5 billion) (2016)|
|₹1,292 crore (US$190 million) (2016)|
Number of employees
The Times Group is India’s largest media conglomerate, according to Financial Times as of March 2015. The Audit Bureau of Circulations reported in May 2014 that the Times of India had the largest circulation of any English-language newspaper in the world, with 3,321,702 average qualifying sales. The company remains a family-owned business as the descendants of Sahu Jain own a majority stake in The Times Group. The Times Group has over 11,000 employees and revenue exceeding $1.5 billion.
On 3 November 1838 the Bombay Times and Journal of Commerce (one title) was first published, a predecessor of what would become the Times of India. While starting as a biweekly paper, it was converted to a daily in 1850 and in 1859 the paper was merged with two other papers into the Bombay Times and Standard under editor Robert Knight. Two years later, in 1861, the paper got a more national scope with the title The Times of India. After the paper saw different owners, it was eventually acquired by the new joint stock company Bennett, Coleman & Co. Ltd. (BCCL). At the time, some 800 people were employed by the paper.
The company, by that time consolidated in the Times of India Group, was taken over from its British owners in 1946 by industrialist Ramakrishna Dalmia. He would in 1955 be convicted for embezzlement and during his time in prison the company was run by his son-in-law Sahu Shanti Prasad Jain. He would buy the company formally a few years later and the company would be primarily run by this family in the years after. The company expanded its presence in the Indian media sphere by founding different papers and local editions of the Times of India.
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