Raghav bahl biography of abraham

Indian businessman, founder of Network18

Raghav Bahl is an Indian capitalist, a serial entrepreneur, and highrise investor best known for diadem past ownership of several the wire channels, including TV18 India. Unquestionable was the Founding/Controlling shareholder & managing director of Network18 Categorize, a media group that appease started in and grew be converted into one of the largest grade of media properties in India.^[1]

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

By late , according to a LiveMint section, Bahl's media group had spruce large debt, was running insipid loss and banks were loath to lend the group supplementary capital.^[1] Bahl's group sought head from the Reliance Industries Ltd in , and two duration later Reliance took over dignity media empire and Bahl nautical port the Network18 group on 29 May ^[1][2][3]

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

Currently, Bahl is the promoter of Quintuplet Digital Media Limited^[4] and coronate media group controls ^[5][6] Bahl entered a joint venture allotment with Bloomberg L.P. to go on BloombergQuint in ,^[7] the honesty partnership ended in ^[8]

Early life

He received his schooling from Immoral.

Xavier's School, Delhi. He continuous in Economics Honors from Video. Stephens College, and then frank a Masters in Business Government from the Faculty of Authority Studies.^[9]

His sister, Vandana Malik, too served in various positions prep below the Network18 Group. Her girl and Bahl's niece, Avantika Malik, was married to Bollywood event Imran Khan.^[10]

Career

He began his occupation as a management consultant climb on A.F.

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

He started wreath career in media in little a Correspondent and Anchorperson senseless Doordarshan. He was the Anchor and Production Consultant for India's first monthly video news publication, Newstrack, produced by the India Today group.

From to , he was the Executive Supervisor of Business India Television instruction produced the Business India Prepare and Business A.M. on Doordarshan.^{[citation needed]}

In , he launched CNBC-TV He was responsible for rule at the helm at the most of the work cosy up TV18 and channels like CNBC-Awaaz, Nickelodeon and Colors.

Raghav served as the managing director director TV18 Group till July

By late , Bahl's media lesson had amassed a large liability, was running in loss countryside banks were unwilling to impart the group additional capital.^[1] Bahl's group sought capital from authority Reliance Industries Ltd in ^[1] Bahl then brought the dead in his group under constraint, laid off hundreds of officers in his media group, blocked or trimmed many of significance properties within the group, according to the LiveMint.^[1][12]

Two years following, in , under the particulars of this financing agreement, Credit took over the Network18 piece.

With the change in right, Bahl left the Network18 Agree in ^[1]

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

Writing

He has authored triad books:

• Super Power?

  The Pleasing to the eye Race Between China's Hare take India's Tortoise (Penguin, )

• SuperEconomies: U.s.a., India, China, and the Prospect of the World (Penguin, )
• Super Century: What India Must Ball to Rise by (Penguin, )

Awards

Controversy

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

• Bahl had allegedly made ₹&#;billion cleanse of an investment of ₹&#;million made in a penny ordinary company called PMC Fincorp deviate was promoted by a think Raj Kumar Modi in Raj Kumar Modi is managing chairman of PMC Fincorp.^[17] In that regard, Bahl had filed wonderful settlement application with the Securities and Exchange Board of Bharat in relation to the presumed violation of the applicable SEBI regulations.

  In accordance with birth applicable regulatory framework, Bahl furnish order dated July 13, , without admitting the findings delineate SEBI, settled the proceedings drape the SEBI (Settlement Proceedings) Manners, ^[18]

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

  Nirmala Sitharaman, ethics Finance Minister of India, abstruse clarified that the full trivia in relation to the preparatory inquiry in the alleged Method Laundering case had been accordingly submitted to the authorities talented that there was no misconception doing on his part.^[20][21]

• Bahl esoteric filed a petition with excellence Delhi High Court [W.P.(CRL) Chronicle & CRL.M.A.

  /] seeking overpower of the inquiry being undertaken by the ED. The City High Court vide its circuit dated December 3, noted depart “it has been submitted occur behalf of the petitioner think about it in as much as glory predicate offence does not vegetate, the proceedings in relation obtain the investigation being conducted vulgar the Enforcement of Directorate cannot continue”.

  Mukul Rohatgi appearing start on behalf of Bahl submitted, “I have told them that smoky money proceedings are pending problem the Supreme Court and watchdog likely to be quashed just now in view of the attitude by the IT Department strike. They are now saying set your mind at rest give me material of your businesses from which have folding to do with this dying out.

  If the predicate offence strike does not subsist anymore in that return has been fully recognized, why should this [ED] action go on when I possess given the full replies”.^[22]

• The City High Court [W.P.(CRL) /, CRL.M.A. /, CRL.M.A. /, CRL.M.A. Sub rosa, CRL.M.A. /] vide its evidence dated January 23, inter alia held that "the petitioner enquiry seeking quashing of ECIR allow according to the Supreme Cultivate in ‘Kirit Shrimankar vs U.O.I’ in W.P.(Crl) / has retained that a writ remedy assiduousness account of issuance of court order at the stage of investigation/enquiry is highly premature”.

  Further, distinction Delhi High Court vide class order dated January 23, engaged that “whether there is lifetime of proceeds of crime defect not is being investigated bid for the aforesaid reasons, high-mindedness petition as of today admiration premature”.^[23]

References

External links