Marwar - - Contents - Text Joseph Rozario

From man­ag­ing a slew of mills to own­ing them and then meta­mor­phos­ing into some of the great­est en­trepreneurs that the coun­try has seen, broth­ers Shanti Prasad and Shriyans Prasad Jain's achieve­ments are worthy of many an adu­la­tory ep­i­thet. This trib­ute en­cap­su­lates a few to bring out the ex­tra­or­di­nary cal­i­bre of the duo.

From man­ag­ing a slew of mills to own­ing them and then meta­mor­phos­ing into some of the great­est en­trepreneurs that the coun­try had seen, broth­ers Shanti Prasad and Shriyans Prasad Jain’s achieve­ments are worthy of many an adu­la­tory ep­i­thet. This trib­ute en­cap­su­lates a few to bring out the ex­tra­or­di­nary cal­i­bre of the duo.

In what be­gan as an English news­pa­per in­tended for the Bri­tish res­i­dents of west­ern In­dia in 1838, The Times Group has come a long way to sprawl the In­dian me­dia hori­zon with com­mu­ni­ca­tion ve­hi­cles of al­most ev­ery de­scrip­tion. Among these in­clude news­pa­pers, pe­ri­od­i­cals, tele­vi­sion chan­nels, ra­dio sta­tions, dig­i­tal con­tent, in­ter­net and what have you. Iron­i­cally, for a me­dia be­he­moth that churns out bales and bales of news con­tent ev­ery day, up­dat­ing readers with al­most ev­ery ma­jor devel­op­ment in the pub­lic and cor­po­rate do­mains, the story of its own rise re­mains rel­a­tively ob­scure, with lit­tle in­for­ma­tion avail­able about the group’s early days or its phe­nom­e­nal growth un­der its present own­ers, the Sahu Jains of Najibabad. Yet Ben­nett, Cole­man & Co Ltd (BCCL), as The Times Group is also known, counts among the old­est and most renowned in­sti­tu­tions of the coun­try, which makes its ar­chi­tects, es­pe­cially Sahu Shanti Prasad Jain, de­serv­ing of this trib­ute. Like­wise, his brother Sahu Shriyans Prasad Jain’s con­tri­bu­tions as a busi­ness­man, par­lia­men­tar­ian and phi­lan­thropist too de­serves com­men­da­tion.

This ac­count, how­ever, would not have been pos­si­ble with­out the in­valu­able help of the Sahu Jain clan, es­pe­cially Sahu Akhilesh Jain (the present man­ag­ing trustee of Bharatiya Jnan­pith and the pres­i­dent of Akhil Bharat­varshiya Digam­bar Jain Par­ishad) and the 97-year-old Sahu Ji­nen­dra Kumar Jain, who is the old­est sur­viv­ing mem­ber of the clan. In­puts pro­vided gra­ciously by Ramkr­ishna Dalmia’s son, VN Dalmia (of Dalmia Con­ti­nen­tal Pvt Ltd) and Sahu Shriyans Prasad Jain’s grand­son, Bakul K Jain, who now is the chair­man of DCW Ltd (for­merly Dhran­gadhra Chem­i­cal Works Ltd) have also been im­mensely help­ful. The Sahu Jains of Najibabad Age may have taken its toll on Sahu Ji­nen­dra Kumar Jain’s hear­ing, but his voice is as loud and clear as ever and so is his mem­ory of the glory days of the Sahu Jains in Najibabad and the pre-and post-In­de­pen­dence years which marked Shanti Prasad Jain’s rise as an in­dus­tri­al­ist.

The story that emerges as Ji­nen­dra Jain speaks is that the Sahu Jains were a pros­per­ous fam­ily of za­min­dars, whose most il­lus­tri­ous mem­ber, Rai Ba­hadur Sahu Jag­man­dar Das Jain (father of Sahu Ramesh Chan­dra Jain) was an “hon­orary mun­sif” (hon­orary mag­is­trate) and a treasurer for the gov­ern­ment, who would re­solve dif­fi­cult so­cial and re­li­gious dis­putes at his res­i­dence which also served as a court. He re­mained the chair­man of the Bi­jnore District Board for six con­sec­u­tive years in the early twentieth cen­tury and was held in high re­gard by both Bri­tish gov­ern­ment of­fi­cials and the lo­cal pop­u­lace. He is said to have been also phil­an­thropic and would help youth se­cure gov­ern­ment jobs and schol­ar­ships for higher stud­ies.

But it is Rai Ba­hadur Jag­man­dar Das’ grand­fa­ther, Sahu Salek Chand Jain, a pi­ous, phil­an­thropic and wellto-do busi­ness­man, to whom the Sahu Jain clan traces its lin­eage—or at least that part of the ancestry that con­nects

them to Najibabad. Sahu Salek Chand had three sons—Mus­sadi Lal Jain, Di­wan Singh Jain and Jwala Sa­hai—of whom Sahu Di­wan Singh was the father of Sahu Shanti Prasad and Sahu Shriyans Prasad Jain. Sahu Mus­sadi Lal Jain had four sons, the el­dest of whom was Rai Ba­hadur Jag­man­dar Das. The oth­ers were Ram Swaroop, Moolc­hand and Su­mat Prasad Jain. Sahu Su­mat Prasad, the youngest of the lot, was the father of Ji­nen­dra Kumar Jain, who now re­sides in Delhi, where we met him.

The rise of Shanti Prasad Jain

Sahu Shanti Prasad Jain might have been born to a fam­ily of landlords and fi­nanciers, but most of his wealth had come off his own bat, with of course, the hand of fate play­ing a role in it. His father, Di­wan Singh Jain had died early and this per­haps was re­spon­si­ble in a way for the course of events that shaped his fu­ture. Ac­cord­ing to Ji­nen­dra Jain, Shanti Prasad Jain’s el­der brother, Shriyans Prasad (1908–92) was adopted by one Ganeshi Lalji; and as for Shanti Prasad, he went off in pur­suit of higher stud­ies, part of which hap­pened at the Ba­naras Hindu Univer­sity and part of it at Agra Univer­sity.

Around 1932, his fam­ily re­sponded to a mat­ri­mo­nial ad­ver­tise­ment, as a re­sult of which he mar­ried Rama Dalmia, the daugh­ter of leg­endary in­dus­tri­al­ist Ramkr­ishna Dalmia. Rama Dalmia sup­pos­edly ap­pealed to Sahu Shanti Prasad for her sim­ple ways, Gand­hian up­bring­ing and cul­ture and her love for lit­er­a­ture. With her hus­band’s sup­port she later founded the Bharatiya Jnan­pith (a lit­er­ary and re­search body es­tab­lished in 1944, in Ba­naras, to pro­mote cre­ative In­dian lit­er­a­ture) and some of The Times Group’s ver­nac­u­lar ti­tles.

Shanti Prasad was gifted in matters of fi­nance, eco­nom­ics and com­merce, and this made him a per­fect can­di­date for man­ag­ing Dalmia’s grow­ing busi­ness em­pire, as his son-in-law and busi­ness part­ner, along with Dalmia’s younger brother Jai­dayal. Soon af­ter his mar­riage, he, there­fore, left for Bi­har, to man­age a sugar mill that Dalmia had just set up in the Patna district of Bi­har. Over the course of time, Dalmia pulled in other rel­a­tives of Shanti Prasad to as­sist him in his ex­pand­ing busi­ness. Among them were Shanti Prasad Jain’s el­der brother Shriyans Prasad and Ra­jen­dra Kumar Jain, son of Shanti Prasad’s

ma­ter­nal un­cle. Shriyans Prasad was as­signed to the La­hore head­quar­ters of Dalmia’s Bharat In­sur­ance Com­pany Ltd, and Ra­jen­dra Kumar Jain was tasked with the su­per­vi­sion of Bharat Bank Ltd, Delhi Flour Mills and other ac­tiv­i­ties in Delhi.

Over the next decade, the Dalmia-Jain Group grew in leaps and bounds to own a num­ber of sugar mills and ce­ment plants across the coun­try, in ad­di­tion to tex­tile mills, banks, in­sur­ance com­pa­nies, chem­i­cal plants (in­clud­ing Dhran­gadhra Chem­i­cal Works), food prod­uct com­pa­nies, coal mines, me­dia houses (in­clud­ing Ben­nett Cole­man & Co Ltd), air­lines, rail­ways, jute mills, etc. In 1939, World War II broke out, with which for­tunes mul­ti­plied to make the Dalmia-Jain con­glom­er­ate next to only the Bir­las and the Tatas in terms of size, scope and wealth. Many of the group com­pa­nies were in Dalmi­ana­gar, as the in­dus­trial com­plex in Dehri-on-Sone came to be known, and were owned by Ro­htas In­dus­tries Ltd.

Mean­while, in La­hore, Shriyans Prasad ran into trou­ble with the Bri­tish gov­ern­ment af­ter he was charged with clan­des­tinely of­fer­ing shel­ter to free­dom fighter (and fu­ture po­lit­i­cal per­son­al­ity in In­de­pen­dent In­dia) Jayaprakash Narayan at his res­i­dence one even­ing. Jayaprakash Narayan at the time was a fugi­tive who had fled to La­hore af­ter be­ing pur­sued by the Bri­tish gov­ern­ment (this was dur­ing the Quit In­dia move­ment). The in­ci­dent was to re­sult in Shriyans Prasad’s ex­pul­sion from Pun­jab by the Bri­tish gov­ern­ment. Af­ter leav­ing Pun­jab, Shriyans Prasad set­tled in Bom­bay (now Mum­bai) where he rose to su­per­vise the group’s con­cerns in the Cen­tral Prov­inces, the Bom­bay Pres­i­dency and South In­dia—mainly the Bom­bay wing of the Bharat In­sur­ance Com­pany, the tex­tile mills lo­cated in Bom­bay and Dhran­gadhra Chem­i­cal Works in Gu­jarat (which op­er­ated from the Bharat In­sur­ance Build­ing at Horn­i­man Cir­cle). While about it, he also started tak­ing in­ter­est in par­lia­men­tary af­fairs. Adept in pub­lic re­la­tions, he was elected to the Ra­jya Sabha dur­ing 1952-58.

Go­ing solo

In the years that fol­lowed, Shriyans Prasad fur­thered his busi­ness in­ter­ests by ac­quir­ing a tex­tile mill, a

wire rope com­pany and a cut­lery unit which to­gether con­sti­tuded the SP Jain Group

Just af­ter In­de­pen­dence, sur­pris­ingly, the three main pro­mot­ers of the group— Ramkr­ishna Dalmia, his brother Jai­dayal Dalmia and Shanti Prasad Jain—de­cided to call it quits and go their sep­a­rate ways. While some say this was the fallout of the three stake hold­ers’ dif­fer­ing styles of func­tion­ing, oth­ers, in­clud­ing Ji­nen­dra Jain, at­tribute it to the con­tro­ver­sies kicked up by Dalmia’s mul­ti­ple mar­riages and his in­her­ent in­cli­na­tion to take in­creas­ing risks in a never-end­ing quest to grow faster. What­ever be the reason, in 1948, the en­tire gamut

of com­pa­nies un­der the Dalmia-Jain ban­ner was di­vided am­i­ca­bly, with Shanti Prasad Jain get­ting Ro­htas In­dus­tries Ltd and sev­eral other group com­pa­nies. Sep­a­rately, but broadly un­der Shanti Prasad’s share, his brother Shriyans Prasad got Dhran­gadhra Chem­i­cal Works. As for Ra­jen­dra Kumar Jain, go­ing by Dalmia’s au­to­bi­og­ra­phy, he was given ` 2 lakh as re­ward. Later, how­ever, Ra­jen­dra Kumar re­quested Dalmia to sell him the shares of Delhi Flour Mills for ` 2 lakh, which Dalmia did.

Af­ter the divi­sion, Sahu Shanti Prasad Jain went on to ac­quire new com­pa­nies, which along with those un­der Ro­htas In­dus­tries were con­trolled by the newly formed Sahu-Jain man­ag­ing agency. His now in­de­pen­dent busi­ness em­pire, the Sahu-Jain Group, com­prised a sugar fac­tory, a ply­wood fac­tory, a vanas­pati plant, a ce­ment plant and a power plant. The group’s fi­nances were ably man­aged by clans­man Sahu Shi­tal Prasad Jain, the son of Sahu Ram Swaroop Jain.

Shriyans Prasad too fur­thered his busi­ness in­ter­ests by ac­quir­ing a tex­tile mill, a wire rope com­pany and a cut­lery unit, which to­gether con­sti­tuted the SP Jain Group (Shriyans Prasad Jain Group). A footwear com­pany called Carona Sahu Com­pany was also set up in Bom­bay, which was man­aged by his son Gyan Chand. The com­pany was to later in­duct the Khataus and the Ruias (of Phoenix Mills) as part­ners and fi­nally sold to the Khataus, who re­named it Carona Shoes. How BCCL changed hands Ramkr­ishna Dalmia had an ap­petite for risk and spec­u­la­tion. Around the mid- fifties, he ran into a huge loss of around three crore ru­pees af­ter a deal went sour. Out of pocket and un­der com­pul­sion to pay this enor­mous amount within the time frame of a few days, as stip­u­lated by the stock ex­change, Dalmia re­sorted to sell­ing the se­cu­ri­ties of Bharat In­sur­ance to raise the money needed to make the pay­ment. Mean­while, the gov­ern­ment got wind of the in­ci­dent, fol­low­ing which the mat­ter was in­ves­ti­gated and Dalmia was li­able for crim­i­nal prose­cu­tion and ar­rest. Dalmia raised the money by sell­ing his crown jewels, BCCL and Jaipur Udyog Ltd (Jaipur Udyog owned Asia’s largest ce­ment fac­tory in Sawai Mad­hopur, Ra­jasthan) to his son-in-law Shanti Prasad Jain, the only ready buyer at such short no­tice. The gov­ern­ment ac­cepted the of­fer and took the money but did not let Dalmia off the hook. With this, in 1955, the Sahu Jains ac­quired own­er­ship of what to­day is the largest me­dia house in the coun­try. The Times of In­dia story The ge­n­e­sis of The Times of In­dia, as a news­pa­per, goes back to a pa­per called The Bom­bay Times and Jour­nal of Com­merce which was first pub­lished on Novem­ber 3, 1838. Ini­tially the jour­nal was pub­lished only on Wed­nes­days and Satur­days, un­der the di­rec­tion of Raoba­hadur Narayan Di­nanath Velkar, a Ma­ha­rash­trian re­formist. In 1840, the news­pa­per changed hands for the first time. In 1859, its then ed­i­tor, Robert Knight, merged The Bom­bay Times and Jour­nal of Com­merce with two other news­pa­pers, Bom­bay Stan­dard and Chron­i­cle of West­ern In­dia, and the com­bined is­sue was called Bom­bay Times and Stan­dard. In 1861, Knight merged Bom­bay Times and Stan­dard again with an­other pa­per

called Bom­bay Tele­graph & Courier and re­named the new pub­li­ca­tion The Times of In­dia. In 1880, a weekly edi­tion car­ry­ing the week’s main ar­ti­cles was launched, which later came to known as The Il­lus­trated Weekly of In­dia. The pa­per changed hands sev­eral times af­ter this un­til Thomas Ben­nett and Frank Mor­ris Cole­man ac­quired it through their joint stock com­pany, Ben­nett, Cole­man

& Co Ltd, in 1892. The names of both the news­pa­per and its hold­ing com­pany stuck and to this day they re­main un­changed.

In 1946, Ramkr­ishna Dalmia ap­proached the then owner of BCCL, of­fer­ing to pur­chase the com­pany for two crore ru­pees. Af­ter a brief ne­go­ti­a­tion, the deal was fi­nalised and with it the own­er­ship of The Times of In­dia changed from English to In­dian hands. It re­mained in Dalmia’s hands un­til his brush with the law in 1955, af­ter which the pa­per, as we know, came un­der Sahu Shanti Prasad’s con­trol. (Pun­jab Na­tional Bank fol­lowed a sim­i­lar tra­jec­tory. In 1947, the bank was ac­quired by Ramkr­ishna Dalmia. In 1953, its own­er­ship passed on to the Jains, with whom it re­mained un­til its na­tion­al­i­sa­tion.)

The mak­ing of a me­dia baron

Un­der an en­ter­pris­ing Shanti Prasad, there was a spurt in BCCL’s growth tra­jec­tory, thanks to his ef­forts to in­crease the cir­cu­la­tions of ex­ist­ing pub­li­ca­tions and a steady stream of new launches such as Parag (a Hindi chil­dren’s mag­a­zine) in 1958, Fem­ina (a women’s mag­a­zine) in 1959, The Eco­nomic Times (a busi­ness daily) in 1961 and Ma­ha­rash­tra Times (a Marathi daily) in 1962. All of these, with the ex­cep­tion of Parag, have grown from strength to strength over the years and now count among top rank­ing ti­tles in terms of both cir­cu­la­tion and read­er­ship, in their re­spec­tive gen­res.

In 1958, Sahu Shanti Prasad too ran into trou­ble with the law for al­legedly bring­ing for­eign cur­rency into the coun­try be­yond the per­mis­si­ble limit. Get­ting wind of what he was up to, law en­forcers lay in wait to catch him in the act at Palam air­port and ar­rested him promptly af­ter his plane landed. The gov­ern­ment’s con­tention was that the money be­ing brought in was a re­fund from a Ger­man com­pany, against un­der-per­for­mance of cer­tain ma­chin­ery that the Jains had pur­chased from them. The re­fund was made un­der the stip­u­la­tion that the re­funded amount could be used to pur­chase al­ter­na­tive ma­chin­ery but not taken back to In­dia. The Jains, how­ever, had brought this money to In­dia, which, ac­cord­ing to the gov­ern­ment was a clear case of vi­o­la­tion of for­eign ex­change reg­u­la­tions that were in place at the time. The case dragged on un­til re­prieve came af­ter a Supreme Court rep­ri­mand that Sahu Shanti Prasad Jain was be­ing un­justly per­se­cuted, as all he had done was claim dam­ages from an­other coun­try, which ac­tu­ally went in In­dia’s favour.

Apart from Shanti Prasad Jain, BCCL’s top man­age­ment at the time com­prised other mem­bers of the Sahu Jain clan, a very prom­i­nent ex­am­ple be­ing Rai Ba­hadur Jag­man­dar Das’ son Sahu Ramesh Chan­dra Jain (who in­ci­den­tally is the father of Sahu Akhilesh Jain) who joined the Times of In­dia Group on Sahu Shanti Prasad Jain’s in­sis­tence in 1960. He went on to be­come the ex­ec­u­tive di­rec­tor of BCCL and also earn the dis­tinc­tion of be­ing the man­ag­ing ed­i­tor of The Times of In­dia and the ed­i­tor of Navb­harat Times, two of the Times Group’s most re­spected ti­tles. He was also the printer and pub­lisher of both the news­pa­pers in Delhi. Fur­ther, he was the man­ag­ing trustee of Bharatiya Jnan­pith and served as the pres­i­dent of the In­dian News­pa­per So­ci­ety and chair­man of the board of di­rec­tors of the Press Trust of In­dia.

A few years down, in 1969, Sahu Shanti Prasad Jain’s son, Sahu Ashok Jain (1934–99) joined BCCL. In­ci­den­tally, around this time (1970s), the Sahu-Jain Group was par­ti­tioned and a large chunk of it went to younger son Alok Jain. With this, Alok Jain be­came the owner of Jaipur Udyog Ltd and sev­eral other com­pa­nies which sub­se­quently came to be col­lec­tively known as Alok Udyog. In the nineties, an­other par­ti­tion took place be­tween Ashok Kumar Jain and Sahu Shanti Prasad’s third son Manoj Kumar Jain, who later re­set­tled in Aus­tria, where he died. Sahu Shanti Prasad’s daugh­ter, Alka mar­ried Ba­jrang Jalan from Cal­cutta.

Sahu Ashok Jain’s ten­ure with the group un­for­tu­nately started on a dis­mal note. The same year he joined, BCCL hit a ma­jor road­block when cer­tain charges with re­spect to the man­age­ment of BCCL were brought against the ex­ist­ing board of di­rec­tors, in­clud­ing Shanti Prasad Jain. Al­leg­ing mis­man­age­ment, the gov­ern­ment sought an an­nul­ment of the ex­ist­ing board. The board was even­tu­ally dis­banded and a court ap­pointed board was in­sti­tuted that re­mained at the helm of af­fairs un­til 1976. Very lit­tle growth if any hap­pened dur­ing these years.

The end of an era

A year later, on Oc­to­ber 27, 1977, Sahu Shanti Prasad Jain breathed his last. Apart from turn­ing around BCCL’s for­tunes, his other note­wor­thy con­tri­bu­tions lay in the field of phi­lan­thropy. The es­tab­lish­ment of sev­eral schools, colleges, re­search in­sti­tutes and mu­se­ums are cred­ited to him. An in­dus­trial township in Karachi (now in Pak­istan) where the Dalmia Ce­ment plant was lo­cated,

still goes by the name Shan­tipu­ram (af­ter Shanti Prasad Jain).

Af­ter BCCL was re­turned to the Jains by the gov­ern­ment in 1976, Sand­hya Times, a Hindi tabloid was launched in Delhi in 1979, and the Delhi and Cal­cutta edi­tions of The Eco­nomic Times were also launched. As for Sahu Ashok Jain, jolted by the group’s brush with the law, his ap­proach to man­ag­ing the group’s af­fairs as chair­man re­mained cau­tious and mea­sured, which com­bined with his tra­di­tional Mar­wari ap­proach to busi­ness, nev­er­the­less, helped BCCL to com­fort­ably sail through the years un­til his demise in 1999. But by then, his sons were well en­trenched into the fam­ily busi­ness. Their in­no­va­tive ways of do­ing busi­ness were to rad­i­cally change the way the me­dia house was run, which in turn was to send the group’s for­tunes sky­rock­et­ing.

The ge­n­e­sis of The Times of In­dia, as a news­pa­per, goes back to a pa­per called The Bom­bay Times and Jour­nal of Com­merce which was first pub­lished on Novem­ber 3, 1838

Winds of change

By the mid-eight­ies, the In­dian me­dia in­dus­try was in a flux. The old or­der, where edi­to­rial opin­ion and poli­cies were seen as the rai­son d’être of a news­pa­per and held sacro­sanct, was grad­u­ally giv­ing place to a more mar­ke­to­ri­ented ap­proach. By the late eight­ies, the in­dus­try was to see the be­gin­ning of the tec­tonic changes that were to re­write the rules of the me­dia busi­ness. These changes, many feel, were ma­jorly scripted by Samir Jain, as­sisted by his brother Vi­neet Jain. Sens­ing the pulse of the times, they were able to de­sign growth strate­gies that em­pha­sised rev­enue gen­er­a­tion through sale of space/time and rein­vent­ing edi­to­rial poli­cies to fa­cil­i­tate this. This mar­riage be­tween the two func­tions was to ring the death knell for the vice like grip that edi­to­rial de­part­ments ear­lier held in the run­ning of pub­li­ca­tions, but re­sult in health­ier bot­tom lines, giv­ing the fi­nan­cial mus­cle needed for me­dia houses to grow and pros­per as profit-mak­ing en­ti­ties, rather than merely ex­ist as news vend­ing gar­gan­tu­ans. With lib­er­al­i­sa­tion and the IT age fol­low­ing, newer av­enues of growth pre­sented them­selves which again BCCL was quick to cap­i­talise. In all this, the broth­ers, to an ex­tent, were gov­erned by a do-or-die spirit, as by the eight­ies most of the Sahu Jains’ other busi­nesses ex­cept BCCL were ei­ther dead or dy­ing.

In 1992, Sahu Shriyans Prasad Jain breathed his last. Dur­ing his life­time, apart from be­ing a Ra­jya Sabha mem­ber, he also had served as the pres­i­dent of the In­dia Chap­ter of the In­ter­na­tional Cham­ber of Com­merce and the FICCI (dur­ing 1962), and as the pres­i­dent of Bhar­tiya Jnan­pith. Like most other Sahu Jains, he was a phi­lan­thropist too and is cred­ited with hav­ing founded sev­eral ed­u­ca­tional in­sti­tu­tions and trusts. The world renowned S P Jain Sadhana School and Om Cre­ations Trust in Mum­bai are part his phil­an­thropic legacy. He was awarded the Padma Bhushan for so­cial work in 1988.

Busi­ness­wise, Shriyans Prasad Jain’s com­pany, Dhran­gadhra Chem­i­cal Works went on to ex­pand by putting up a 2500acre chem­i­cal com­plex near Tu­ti­corin called Sahupu­ram, which was spear­headed by his son, Prem Chand. Now known as DCW Ltd, the com­pany con­tin­ues to flour­ish un­der Bakul K Jain. A ma­jor pro­ducer and ex­porter of soda ash, DCW Ltd also pro­duces a host of other prod­ucts that makes it one of In­dia’s fastest grow­ing multi-prod­uct multi-lo­ca­tion chem­i­cal com­pa­nies.

Shin­ing through

As of to­day, The Times Group owns a string of dailies and tabloids and scores of pe­ri­od­i­cals. These apart, the group owns sev­eral sub­sidiaries in­clud­ing En­ter­tain­ment Net­work In­dia Ltd (ENIL) that con­trols the well-known Ra­dio Mirchi and has in­ter­ests in events, film pro­duc­tion, etc; Times In­ter­net Ltd, which is in the busi­ness of on­line news; Times Busi­ness Solutions, which op­er­ates sev­eral web­sites and por­tals; World Wide Me­dia, which con­trols some of the group mag­a­zines and re­lated events (such as beauty pageants and awards shows); Brand Cap­i­tal, which is the in­vest­ment wing of the Times Group; among oth­ers. The group em­ploys over 11,000 peo­ple and has posted a turnover of 8,778 crore (US $ 1.3 bn) in FY15. It con­tin­ues to re­main a fam­ily con­trolled busi­ness house with the Sahu Jains own­ing ma­jor­ity stake. The group is headed by Sahu Ashok Jain’s widow, Indu Jain, as chair­per­son, whose sons Samir Jain (Vice-chair­man) and Vi­neet Jain (Man­ag­ing Di­rec­tor) con­tinue to pro­pel its growth with the same dy­namism with which they turned around its for­tunes so dra­mat­i­cally in the eight­ies and nineties.

Fac­ing Page: Sahu Shanti Prasad Jain (left) and Sahu Shriyans Prasad Jain (right) Left: Sahu Mus­sadi Lal Jain (left, sit­ting), Sahu De­wan Singh Jain (right, sit­ting), Sahu Jwala Sa­hai (stand­ing): Be­low: One of the houses of the Sahu Jains in Najibabad

From top: Sahu Ji­nen­dra Kumar Jain; Fam­i­lies of Sahu Shanti Prasad and Shriyans Prasad Jain: (Stand­ing, l-r) Shashi Chand (son of Shriyans Prasad), Gyan Chand (son of Shriyans Prasad), Ashok Kumar (son of Shanti Prasad), Prem Chand (son of Shriyans...

From left: (Stand­ing, l-r) Man­mo­han Tayal, Shriyans Prasad Jain, Ramkr­ishna Dalmia, Jai­dayal Dalmia, Ra­jen­dra Kumar Jain, Shanti Prasad Jain (Sit­ting, l-r) Prab­hat Tayal, Vishnu Hari Dalmia, Vishnu Hari’s younger sis­ter Uma, Vishnu Hari’s wife Lalita...

Fac­ing page: (From left) Ro­htas In­dus­tries sign­board at Dalmi­ana­gar; View of fac­to­ries at Ro­htas In­dus­tries Ltd, Dalmi­ana­gar Be­low: (From left) Ramkr­ishna Dalmia with daugh­ter Rama Jain at the wed­ding of grand­son Alok in Cal­cutta (around 1954);...

Left:Ramkr­ishna Dalmia with Shanti Prasad Jain at daugh­ter Va­sudha’s wed­ding (1972)

Be­low: Ramkr­ishna Dalmia (right) with grand­son Ashok Jain (cen­tre) and brother Jai­dayal Dalmia (left) at the wed­ding of grand­daugh­ter Alka in Cal­cutta (1950s)

From left: Ashok Jain, Samir Jain, Indu Jain, Vi­neet Jain

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