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#350 Indu Jain $5.05B

Random fact: Daughter died in a helicopter crash.

Overview

Jain is the chairman of Bennett, Coleman & Company, which publishes the Times of India, the world's most widely circulated English language newspaper. The company had revenue of $1.4 billion in 2015 and its other titles include the Economic Times, a business daily, as well as television channels and radio stations.

As of July 24, 2017:
Last change +$16.9M (+0.3%)
YTD change +$947M (+23.1%)
Industry Media & Telecom
Biggest asset Bennett Coleman & Company
Citizenship India
Age 80
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Indu Jain's net worth of $5.05B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Jain's fortune is derived from her 100 percent stake in Bennett, Coleman and Company, which publishes the biggest-selling English language newspaper in the world, according to the Audit Bureau of Circulations. The company also controls publicly traded radio station operator Entertainment Network India.

Bennett, Coleman and Company is valued using the average price-to-earnings multiples of five publicly traded peers: HT Media, Sun TV Network, Jagran Prakashan, DB Corp. and Entertainment Network India. A premium of 20 percent was applied to reflect the company's leadership status in the Indian newspaper industry based on discussions with industry analysts. Jain is credited with shares held through holding companies and family members to reflect her status as chairman and matriarch of the family.

The company did not respond to requests for comment on Jain's net worth valuation.

Biography

Birthdate: 9/8/1936
Family: Widowed, 3 children

Jain was born on September 8, 1936. She and her family inherited Bennett, Coleman and Company Ltd. (BCCL), the publisher of newspapers including the Times of India and The Economic Times, after husband, Ashok Jain, died in 1999. The Jain family first took control of the business in 1948, when Sahu Shanti Prasad Jain, Ashok's father, bought the firm from his father-in-law Ramakrishna Dalmia, who had acquired the company from British owners two years earlier.

Jain holds the title of chairman and her sons run the company. Son Samir joined in 1975 and rose to become vice chairman in 1987, turning its fortunes around by revamping the Times of India, shortening articles and adding more celebrity news to its coverage to broaden its appeal with younger readers. Samir cut the paper's price by a third to grow circulation in 1994, with subscriptions later growing by five times as a result. He also strengthened the paper's sales team to increase advertising revenue.

Samir's younger brother Vineet, managing director of the group, has overseen BCCL's diversification into television, radio and the internet. Jain's only daughter, Nandita, was the deputy managing director of the firm when she died in a helicopter crash in 2001.

Milestones
  • 1838 The first edition of the predecessor to the Times of India comes out.
  • 1946 The Times of India is transferred to Indian ownership for the first time.
  • 1961 The Economic Times begins publication.
  • 1996 The Times of India passes the 1 million circulation mark.
  • 2000 Addressed the United Nations at a world peace summit.
  • 2007 The Times of India becomes the widest circulated English daily worldwide.
  • 2008 Bennett, Coleman & Co. acquires Virgin Radio in the U.K.
  • 2013 Group sells Virgin Radio after making a loss.
  • 2016 Bennett, Coleman & Co. invests $25 million in taxi operator Meru Cab.