August 23, 2017 1:02 PM ET

Internet and Direct Marketing Retail

Company Overview of TV18 Home Shopping Network Ltd.

Company Overview

TV18 Home Shopping Network Ltd. operates as an online and on-air retail marketing and distribution company. It offers books, cameras and camcorders, mobiles and accessories, apparel and accessories, jewellery and watches, electronics, home and kitchen products, toys and games, gifts and flowers, computer and peripherals, kids and baby products, health and beauty products, movies, and household appliances. The company was incorporated in 2006 and is based in Noida, India. TV18 Home Shopping Network Ltd. operates as a subsidiary of Network 18 Media & Investments Ltd.

7th floor

FC-24

Sector-16A

Filmcity

Noida,  201301

India

Founded in 2006

Phone:

91 12 0445 5918

Fax:

91 12 0424 2415

Key Executives for TV18 Home Shopping Network Ltd.

Chief Executive Officer
Founder and Editor
Age: 56
Chief Marketing Officer
Age: 45
Compensation as of Fiscal Year 2017.

TV18 Home Shopping Network Ltd. Key Developments

Shop CJ May Merge With HomeShop18

Shop CJ Network Private Limited may merge with TV18 Home Shopping Network Ltd. Sources with direct knowledge of the development told Economic Times that the due diligence is on and the deal size is expected to be anywhere between $150-200 million.

Homeshop18 Lays Off Close to 200 of Its Staffers

Homeshop18 has laid off close to 200 of its staffers in an effort to bring down the cost of its operations. These include employees across levels. In an email response, a Homeshop18 spokesperson said, Homeshop18 is continually looking at its business approach and periodically restructuring to move towards the path of profitability with continued focus on TV shopping space. To be able to achieve its goal, Homeshop18 has focused the business in selected areas and reorganised the company to make it leaner and more focussed. This will position the business for longer term success and profitability. The process of laying off employees is understood to have started about two weeks ago.

HomeShop18 Announces Resignation of Sundeep Malhotra, Founder and CEO

HomeShop18 announced that Sundeep Malhotra, Founder and Chief Executive Officer of the company, has resigned from the post.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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