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# Subhash Chandra

Random fact: Li Ka-shing's son initially rejected his proposal for a broadcast venture.

Overview

Chandra is the chairman of Essel Group, a closely held conglomerate based in Mumbai that owns television and cable networks, a newspaper chain, packaging and infrastructure development businesses. His Hindi entertainment channel Zee TV can reach 670 million viewers in 169 countries, according to the company’s website.

As of Sept. 22, 2017:
Last change ()
YTD change ()
Industry Media & Telecom
Biggest asset N/A
Citizenship India
Age 66
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Subhash Chandra's net worth of can buy ...

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troy ounces of gold
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barrels of crude oil

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

Latest News

Net Worth Summary

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Biography

Birthdate: 11/30/1950
Family: Married, 3 children
Education: Graduated

The eldest of seven siblings, Chandra was born to a family of grain traders in the Indian province of Haryana. When he was a teenager, the family business collapsed and he had to drop out of college. He started running the operation and managed to revive it after winning a supply contract from the state-run Food Corp. of India.

The company won a deal to export rice to the former Soviet Union from 1981 to 1987. Two years later, he started a packaging business and began making laminated tubes that could be used in place of the metal toothpaste containers in India. Essel Propack, part of the Essel Group, is now the world's biggest manufacturer of laminated tubes, according to the company's website.

In 1991, Chandra approached Richard Li, Hong Kong billionaire Li Ka-shing's son, who had just set up a media and entertainment business in Asia with four satellite television channels, according to Indian newspaper Mint Sept. 29, 2012. Li rejected Chandra's proposal for a joint venture to start an Indian language channel but later agreed to lease him a transponder on his satellite for $5 million a year, according to the newspaper.

With the agreement, Chandra started India's first satellite Hindi channel, Zee TV, in 1992 and subsequently its first private news channel, Zee News. He has since expanded his entertainment business, which now includes a cable distribution company, filmmaking and the country's first direct-to-home television service, Dish TV.

Milestones
  • 1950 Born in the Indian province of Haryana.
  • 1981 Starts exporting rice to the former Soviet Union.
  • 1982 Begins packaging business.
  • 1983 Starts making laminated tubes.
  • 1989 Opens India's first and biggest theme park, Essel World.
  • 1992 Signs a transponder lease deal with Hong Kong billionaire Li Ka-shing's son.
  • 1992 Starts India's first satellite Hindi channel, Zee TV.
  • 2004 Begins direct-to-home service provider.
  • 2007 Changes name of Zee Telefilms to Zee Entertainment Enterprises.
  • 2008 Chandra's Jaymeer Capital acquires Shirpur Gold.