Type Private Website www.timesgroup.com Headquarters New Delhi Founded 1838, Mumbai | Industry Mass media CEO Raj Jain (1 Dec 2014–) Number of employees 11,000 | |
 | ||
Key people Indu Jain
(Chairperson)
Samir Jain
(Vice-Chairman)
Vineet Jain
(Managing Director)
Raj Jain
(Chief Executive Officer) Products Publishing
Broadcasting
Radio
Film
Entertainment
Web portals Revenue 87.78 billion INR (US$1.3 billion, 2015) Net income 11.86 billion INR (US$180 million, 2015) Subsidiaries Times Internet, Times Business Solutions Limited | ||
How ideal is the times group environment for young dynamic managers
The Times Group also called Bennett Coleman & Co. Ltd (BCCL) 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.
Contents
History
1838: The first edition appears on 3 November 1838, known as The Bombay Times and Journal of Commerces as a semi-weekly edition by Raobahadur Narayan Dinanath Velkar, a Maharashtrian Reformist. The newspaper was published twice a week (Saturday and Wednesday) under editor J.E. Brennan. It is basically a city paper reflecting the interest of Bombay's business community.
1840-1857: The newspaper changes hands and George Buist becomes the editor of the Times from 1840 to 1857.
'1850: Shareholders decide to increase the share capital and the paper is converted into a daily.
1859: Bombay Standard and Chronicle of Western India merges into The Bombay Times and Journal of Commerce to form Bombay Times & Standard.
1861: Editor Robert Knight amalgamates The Bombay Times & Standard and Bombay Telegraph & Courier to form The Times of India and gives it a national character.
1880: The Times of India Weekly Edition is launched name later changed to The Times of India Illustrated Weekly and finally to The Illustrated Weekly of India in 1923.
1890: Editor Henry Curwen buys The Times of India in partnership with Charles Kane.
1892: Following Curwen's death, Thomas Jewell Bennett becomes the editor and enters into a partnership with Franck Morris Coleman to form a joint stock company - Bennett, Coleman & Co. Ltd. (BCCL).
1907: In the newspaper's first price war under editor Stanley Reed, the price is cut from 4 annas to 1 anna, and circulation rises 5 times.
1946: For the first time, the paper transfers to Indian ownership. Ram Kishan Dalmia buys out Bennett, Coleman & Co. Ltd for Rs. 2 crores.
1948: Sahu Jain Group become the owners of the company after Dalmia sells the firm to recover 2.5 crores he needs to pay back to an insurance company. Sahu Shanti Prasad Jain, son-in-law of Ram Kishan Dalmia, becomes the first chairman of the group.
1950: Delhi edition is launched with K. Gopalswami as the first Indian editor.
1952: Filmfare launched and started by J.C. Jain, the first Indian to be the GM of TOI.
1959: Femina is launched.
1960: Sahu Ramesh Chandra Jain joins BCCL
1961: The Economic Times is launched.
1962: Maharashtra Times is launched.
1982: Samir Jain join BCCL.
1984: Times of India, Bombay set up modernized newsroom (including new look classified pages)
1985: Times of India, Delhi set up modernized newsroom (including new look classified pages)
1985: Nandita Jain joins BCCL and started Saturday Times
1986: Vineet Jain joins BCCL. Is not back in Delhi because finishing his education in Switzerland. All Times of India Group marketing, advertising and promotional material is sent to him for his brand orientation.The Economic Times celebrates its Silver Jubilee.Crosses circulation of 100,000 copies for the first time in its publishing history. The paper is printed on white newsprint and becomes "pink" 5 years later
1986: "MASTERMIND", the Times of India Group consolidated and interlinked newspaper rate card is launched. Causes stir in media circles because it is the country's first ever price positioning exercise. Times of India and Navbharat Times, Patna edition started.
1987: "Saturday Times" is launched in color in February at the first ever Times of India Group Management conference in Goa. "MASTERMIND" is run in color. The Times Group brand building activity starts in earnest. Printing of The Times of India from Kandivili Press.
1988: The Times of India celebrates 150 years.Celebration is continued for 2 more years due to its immense success in catalyzing art, music and fashion industries in India.Times of India organised debates rage around the country on role of media,advertising,cinema,journalism, print production and mass communication, and become the precursor of India's economic liberalization.
1989 : The Times Group wins its first ever advertising award (Best B&W Campaign in Print Category)for The Times of India sesquicentennial campaign : "Good Times, Sad Times, Changing Times"
1990: The Times School of Marketing is established as an in-house training school to also cater to the Times Group's need for young interns and personnel. Vineet Jain returns to Delhi.The Economic Times launches "Brand Equity" as "News from the Marketing Battlefront" on Wednesdays. Takes marketing fraternity by storm.Weekend "Corporate Dossier" is also launched by The Economic Times.
1991: BBC features The Times of India among the world's six great newspapers.The Economic Times is launched on "salmon pink" newsprint distinguishes it from other business papers published on white newsprint.Cover price of The Economic Times is dropped to Rs.2/- only. Circulation of The Economic Times surges exponentially under the offer line, " Why beg or borrow when you can steal? At Rs.2/- The Economic Times is a steal!"
1992: Campaign commences to urge readers to read The Times of India and The Economic times together to get a better idea of a vastly changing India. Combo subscription rate offered.
1993: BCCL starts production of television software. Prestigious but money losing magazines such as Dharmyug and Illustrated Weekly of India ceased publication.
1996: The Times of India crosses 1 million mark in circulation.
1998: BCCL enters into music market with Times Music.
1999: Indiatimes webportal launched; BCCL enters music retailing business with Planet M.
2000: The Times of India crosses the 2 million mark in circulation.
2000: Timesofmoney - JV with Citibank.
2001: Radio Mirchi - Nationwide Private FM Broadcasting.
2001: 360 Degrees - Event Management Arm launched.
2002: Times Outdoor - Outdoor Advertising & Billboard Marketing.MASTERMIND becomes the longest running media price positioning / rate card "brand" acknowledged by industry as a pioneer and path breaker for over 15 years
2003: Times Classifieds - Classifieds site catering to web audiences, the group publications and also publications from other countries like Sri Lanka.
2004:
2005: Launch of a Matrimonials website TimesMatri. Launch of compact newspaper Mumbai Mirror.
2006:
2008:
2009:
2010
2011
2012
2013
TV Channels under Times Network
Available Channels
Overview
The company has sixteen publishing centres, fifteen printing centres, fifty-five sales offices, Over 11,000 employees, five dailies, including two of the largest in the country with approx 4.3 million, copies circulated daily, two lead magazines, twenty-nine niche magazines reaching 2468 cities and towns, thirty-two Radio Stations.
Its major brands include:
Subsidiaries
The Times Group subsidiary companies include:
ENIL
Entertainment Network India Limited that controls:
Times Internet Limited
Times Internet Limited is one of the largest internet companies of India. It has interests in online news, online business news, Hindi, Marathi, Kannada, and Bengali news, mobile, eCommerce, music, video, and communities. Some of the larger properties of TIL include:
Times of Money
Times of Money operates financial remittance services for Indians abroad to send money back to India. Their product, remit2India, is a standalone product, while also powering the remittance services of many banks globally.
Times Business Solutions
World Wide Media
World Wide Media - started off as a 50:50 magazine joint venture between BCCL and BBC magazines. In August 2011, it was announced that Bennett, Coleman & Co. bought out the remaining 50 per cent shares of Worldwide Media from BBC Worldwide thereby making World Wide Media a fully owned subsidiary of BCCL.
TIML Radio Limited
On 30 May 2008, SMG sold The British Virgin Radio to TIML Radio Limited for £53.2 million with £15 million set aside for rebranding. On 28 September 2008, The British Virgin Radio Station rebranded as Absolute Radio, including the sister radio stations Absolute Xtreme and Absolute Classic Rock.
On 29 July 2013, The Times Group sold off Absolute Radio to Bauer Media for £22.0 million, making a loss of £31.0 million in 5 years.
Times Syndication Service
The syndication division of The Times of India Group, grants reprint rights for text, and other media from the group's publications.
Brand Capital
Brand Capital is the strategic investment division of the Times Group that works with the entrepreneur eco-system. The company has 5 business offerings namely Brand Capital – which provides advertising capital to investee companies in return for business stake, Brand Estate – a similar offering for the realty sector with property as asset held, Springboard – which creates joint ventures with entrepreneurs in exciting asset-light industries, Brandscope – where aspirational brands are created and nurtured that straddle multiple content and product categories and lastly Incubator Capital – which impacts start-ups growth trajectory through business and brand incubation. Brand Capital also has two marketing divisions – ScaleUp, a mentoring platform and PROPEL – an entrepreneur outreach program.
Online shopping
Satvik shop, an online shopping website dedicated to organic and ayurvedic products.