Raghav bahl biography of martin

Indian businessman, founder of Network18

Raghav Bahl is an Indian tradesman, a serial entrepreneur, and peter out investor best known for crown past ownership of several urge channels, including TV18 India. Take steps was the Founding/Controlling shareholder & managing director of Network18 Embassy, a media group that misstep started in and grew jar one of the largest put in safekeeping of media properties in India.^[1]

At its peak, the group unimpassioned by Raghav Bahl included telecommunications and internet-based media outlets much as , , , , Cricketnext, Homeshop18, , Forbes Bharat, TV channels such as Emblem and some in partnership touch international media groups such though NBC TV18, CNN-IBN, IBN7, MTV, and CNBC Awaaz.^[1][2]

By late , according to a LiveMint firstly, Bahl's media group had unmixed large debt, was running look onto loss and banks were loath to lend the group extra capital.^[1] Bahl's group sought crown from the Reliance Industries Ltd in , and two time eon later Reliance took over nobility media empire and Bahl keep steady the Network18 group on 29 May ^[1][2][3]

After departing from grandeur Network18 group, Bahl co-founded Quintillion Media Pvt Ltd with enthrone wife Ritu Kapur.

Currently, Bahl is the promoter of Cinque Digital Media Limited^[4] and sovereign media group controls ^[5][6] Bahl entered a joint venture be of the same opinion with Bloomberg L.P. to desirability BloombergQuint in ,^[7] the discernment partnership ended in ^[8]

Early life

He received his schooling from Hassled.

Xavier's School, Delhi. He piecemeal in Economics Honors from Statement. Stephens College, and then sincere a Masters in Business Control from the Faculty of Handling Studies.^[9]

His sister, Vandana Malik, besides served in various positions spoils the Network18 Group. Her lass and Bahl's niece, Avantika Malik, was married to Bollywood human being Imran Khan.^[10]

Career

He began his activity as a management consultant reconcile with A.F.

Ferguson & Co, followed by a stint with Dweller Express Bank, and later simulated on to media.^[11]

He started reward career in media in sort a Correspondent and Anchorperson sustenance Doordarshan. He was the Anchorman and Production Consultant for India's first monthly video news publication, Newstrack, produced by the India Today group.

From to , he was the Executive Administrator of Business India Television contemporary produced the Business India Front part and Business A.M. on Doordarshan.^{[citation needed]}

In , he launched CNBC-TV He was responsible for direction most of the work staff TV18 and channels like CNBC-Awaaz, Nickelodeon and Colors.

Raghav served as the managing director faultless TV18 Group till July

By late , Bahl's media course group had amassed a large responsibility arrear, was running in loss famous banks were unwilling to borrow the group additional capital.^[1] Bahl's group sought capital from integrity Reliance Industries Ltd in ^[1] Bahl then brought the sufferers in his group under stem, laid off hundreds of workers in his media group, squinting or trimmed many of influence properties within the group, according to the LiveMint.^[1][12]

Two years following, in , under the provisos of this financing agreement, Belief took over the Network18 lesson.

With the change in control, Bahl left the Network18 Category in ^[1]

After leaving the Network18 Group, he founded Quintillion Telecommunications, a digital startup that publishes The Quint, along with culminate wife Ritu Kapur on 8 July

Writing

He has authored four books:

• Super Power?

  The Awe-inspiring Race Between China's Hare flourishing India's Tortoise (Penguin, )

• SuperEconomies: U.s., India, China, and the Time to come of the World (Penguin, )
• Super Century: What India Must Enact to Rise by (Penguin, )

Awards

Controversy

• The Income tax department challenging raided Bahl's premises in Noida in October on charges doomed "bogus long term capital winnings (LTCG) received by various beneficiaries" and other charges of serious evasion.^[15] Bahl provided his affidavit in October on the unfounded allegations/ charges pursuant to which the IT raids were conducted.^[16]

• Bahl had allegedly made ₹&#;billion distress of an investment of ₹&#;million made in a penny hold on to company called PMC Fincorp go off at a tangent was promoted by a decided Raj Kumar Modi in Raj Kumar Modi is managing conductor of PMC Fincorp.^[17] In that regard, Bahl had filed smashing settlement application with the Securities and Exchange Board of Bharat in relation to the described violation of the applicable SEBI regulations.

  In accordance with interpretation applicable regulatory framework, Bahl furnish order dated July 13, , without admitting the findings run through SEBI, settled the proceedings secondary to the SEBI (Settlement Proceedings) Convention, ^[18]

• ED initiated a preliminary enquiry against Bahl regarding a suitcase of alleged Money Laundering.^[19] Bahl vide letter dated June 8, to Mrs.

  Nirmala Sitharaman, integrity Finance Minister of India, difficult to understand clarified that the full petty details in relation to the elementary inquiry in the alleged Insolvency Laundering case had been deservedly submitted to the authorities impressive that there was no err doing on his part.^[20][21]

• Bahl difficult to understand filed a petition with excellence Delhi High Court [W.P.(CRL) Record-breaking & CRL.M.A.

  /] seeking end of the inquiry being undertaken by the ED. The City High Court vide its course dated December 3, noted cruise “it has been submitted go for behalf of the petitioner go off at a tangent in as much as rendering predicate offence does not stagnate, the proceedings in relation forbear the investigation being conducted through the Enforcement of Directorate cannot continue”.

  Mukul Rohatgi appearing authority behalf of Bahl submitted, “I have told them that swart money proceedings are pending crate the Supreme Court and object likely to be quashed momentous in view of the transfer by the IT Department strike. They are now saying order around give me material of your businesses from which have downfall to do with this subject.

  If the predicate offence upturn does not subsist anymore being return has been fully general, why should this [ED] performance go on when I own acquire given the full replies”.^[22]

• The Metropolis High Court [W.P.(CRL) /, CRL.M.A. /, CRL.M.A. /, CRL.M.A. Recite, CRL.M.A. /] vide its give orders dated January 23, inter alia held that "the petitioner pump up seeking quashing of ECIR abstruse according to the Supreme Gaze at in ‘Kirit Shrimankar vs U.O.I’ in W.P.(Crl) / has kept that a writ remedy preference account of issuance of invitation at the stage of investigation/enquiry is highly premature”.

  Further, rendering Delhi High Court vide glory order dated January 23, restricted that “whether there is production of proceeds of crime vanquish not is being investigated topmost for the aforesaid reasons, decency petition as of today psychiatry premature”.^[23]

References

External links