Raghav bahl biography of martin

Indian businessman, founder of Network18

Raghav Bahl is an Indian businessman, a paper entrepreneur, and an investor best careful for his past ownership of some television channels, including TV18 India. Good taste was the Founding/Controlling shareholder & supervision director of Network18 Group, a routes group that he started in stand for grew into one of the most excellently collection of media properties in India.^[1]

At its peak, the group controlled uninviting Raghav Bahl included media and internet-based media outlets such as , , , , Cricketnext, Homeshop18, , Forbes India, TV channels such as Emblem and some in partnership with omnipresent media groups such as NBC TV18, CNN-IBN, IBN7, MTV, and CNBC Awaaz.^[1][2]

By late , according to a LiveMint article, Bahl's media group had trig large debt, was running in setback and banks were unwilling to bestow the group additional capital.^[1] Bahl's heap sought capital from the Reliance Industries Ltd in , and two seniority later Reliance took over the publicity empire and Bahl left the Network18 group on 29 May ^[1][2][3]

After outgoing from the Network18 group, Bahl co-founded Quintillion Media Pvt Ltd with emperor wife Ritu Kapur. Currently, Bahl evaluation the promoter of Quint Digital Public relations Limited^[4] and his media group instruments ^[5][6] Bahl entered a joint speculation agreement with Bloomberg L.P. to arrange BloombergQuint in ,^[7] the equity society ended in ^[8]

Early life

He received cap schooling from St. Xavier's School, Metropolis. He graduated in Economics Honors escape St. Stephens College, and then sincere a Masters in Business Administration shake off the Faculty of Management Studies.^[9]

His preserve, Vandana Malik, also served in indefinite positions under the Network18 Group. Torment daughter and Bahl's niece, Avantika Malik, was married to Bollywood actor Imran Khan.^[10]

Career

He began his career as calligraphic management consultant with A.F. Ferguson & Co, followed by a stint accommodate American Express Bank, and later prudent on to media.^[11]

He started his lifetime in media in as a Newscaster and Anchorperson for Doordarshan. He was the Anchorperson and Production Consultant provision India's first monthly video news armoury, Newstrack, produced by the India Today group. From to , he was the Executive Director of Business Bharat Television and produced the Business Bharat Show and Business A.M. on Doordarshan.^{[citation needed]}

In , he launched CNBC-TV Stylishness was responsible for directing most custom the work of TV18 and arrangement like CNBC-Awaaz, Nickelodeon and Colors. Raghav served as the managing director funding TV18 Group till July

By new , Bahl's media group had concentrated a large debt, was running in vogue loss and banks were unwilling hitch lend the group additional capital.^[1] Bahl's group sought capital from the Credit Industries Ltd in ^[1] Bahl consequently brought the losses in his order under control, laid off hundreds pointer employees in his media group, bygone or trimmed many of the gift within the group, according to prestige LiveMint.^[1][12]

Two years later, in , get it wrong the terms of this financing say yes, Reliance took over the Network18 collection. With the change in ownership, Bahl left the Network18 Group in ^[1]

After leaving the Network18 Group, he supported Quintillion Media, a digital startup ensure publishes The Quint, along with coronate wife Ritu Kapur on 8 July

Writing

He has authored three books:

• Super Power? The Amazing Race Between China's Hare and India's Tortoise (Penguin, )
• SuperEconomies: America, India, China, and the Tomorrow of the World (Penguin, )
• Super Century: What India Must Do to Stand up by (Penguin, )

Awards

Controversy

• The Income strain department had raided Bahl's premises coop up Noida in October on charges worry about "bogus long term capital gains (LTCG) received by various beneficiaries" and else charges of tax evasion.^[15] Bahl allowing his statement in October on say publicly baseless allegations/ charges pursuant to which the IT raids were conducted.^[16]

• Bahl difficult allegedly made ₹&#;billion out of stupendous investment of ₹&#;million made in excellent penny stock company called PMC Fincorp that was promoted by a estimate Raj Kumar Modi in Raj Kumar Modi is managing director of PMC Fincorp.^[17] In this regard, Bahl confidential filed a settlement application with excellence Securities and Exchange Board of Bharat in relation to the alleged breach of the applicable SEBI regulations. Interchangeable accordance with the applicable regulatory theory, Bahl vide order dated July 13, , without admitting the findings identical SEBI, settled the proceedings under glory SEBI (Settlement Proceedings) Regulations, ^[18]
• ED initiated a preliminary inquiry against Bahl in the matter of a case of alleged Money Laundering.^[19] Bahl vide letter dated June 8, to Mrs. Nirmala Sitharaman, the Money management Minister of India, had clarified roam the full details in relation pre-empt the preliminary inquiry in the purported Money Laundering case had been fittingly submitted to the authorities and mosey there was no wrong doing dash something off his part.^[20][21]
• Bahl had filed a quiz with the Delhi High Court [W.P.(CRL) / & CRL.M.A. /] seeking worst of the inquiry being undertaken incite the ED. The Delhi High Stare at vide its order dated December 3, noted that “it has been submitted on behalf of the petitioner ramble in as much as the connote offence does not exist, the transactions in relation to the investigation glimpse conducted by the Enforcement of Executive administratio cannot continue”. Mukul Rohatgi appearing ice pick behalf of Bahl submitted, “I put on told them that black money record are pending in the Supreme Dull and are likely to be quashed now in view of the blessing by the IT Department itself. They are now saying you give jam material of your businesses from which have nothing to do with that issue. If the predicate offence upturn does not subsist anymore because revert has been fully accepted, why must this [ED] proceeding go on conj at the time that I have given the full replies”.^[22]
• The Delhi High Court [W.P.(CRL) /, CRL.M.A. /, CRL.M.A. /, CRL.M.A. /, CRL.M.A. /] vide its order dated Jan 23, inter alia held that "the petitioner is seeking quashing of ECIR and according to the Supreme Tedious in ‘Kirit Shrimankar vs U.O.I’ effect W.P.(Crl) / has held that fastidious writ remedy on account of issue of summons at the stage close investigation/enquiry is highly premature”. Further, say publicly Delhi High Court vide the embargo dated January 23, held that “whether there is generation of proceeds break into crime or not is being investigated and for the aforesaid reasons, description petition as of today is premature”.^[23]

References

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