The Indian Express
Encyclopedia
The Indian Express is an Indian English-language daily newspaper. It is published in Mumbai by Indian Express Group
. After Ramnath Goenka
's death in 1991, the group was split in 1999 among his family members into two with the southern editions taking the name The New Indian Express
, while the old Indian Express name was retained in the northern editions based in Mumbai
with a prefix "The".
The Indian Express is owned by the Indian Express Group
with Viveck Goenka as the Chairman and Managing Director. The group also owns other newspapers in India such as the Financial Express
, a newspaper focused on the Indian economy, stock markets, and fiscal policies
. The group has other publications such as Screen
weekly focused on entertainment news, the Marathi
-language daily Loksatta
, and the Hindi
daily Jansatta
.
The Indian Express is published from 8 locations — Delhi
, Mumbai
, Nagpur
, Pune
, Kolkata
, Ludhiana, Chandigarh
, Lucknow
and Ahmedabad
.
doctor and Congress Party
member Perumal Varadarajulu Naidu in 1931 at Chennai
(then Madras) published by his “Tamil Nadu
” press. But soon under financial difficulties he sold it to S. Sadanand, founder of The Free Press Journal, a national news agency
.
In 1933 The Indian Express opened its second office in Madurai
and launched the Tamil
edition Dinamani
. Sadanand introduced several innovations and reduced the price, but was later forced to sell part of the stake in form of convertible debentures to Ramanath Goenka due to financial difficulties. Later when the free press journal collapsed in 1935 Sadanand lost the ownership of Indian Express after a long controversial court battle with Goenka, where blows were exchanged between some of the parties.
PARTES: The Free Press of India (Madras) Ltd. Through its Directors
1. S. Sadanand 2. Mrs. Sagaram Sadanand 3. P. Vardarajulu Naidu. –Plaintiffs
Vs. 1. Publicity (Madras) Ltd., represented by R. Goenka, Managing Director.
2. R. Goenka 3. K. Santanam 4. S.V.Swamy 5. T.S. Chockkalingam – Defendants.
Para - 3
(1933) The Free Press of India (Madras) Ltd., a private limited company incorporated and registered in February 1933.
The Authorized Capital of the Company is Rs. 3 Lacks divided in 6000 shares of Rs. 50 each. Paid up Capital Rs. 136550. of 2731 fully paid up shares.
Para - 4
(1934) Objects of the Company: The Company was established mainly to acquire and carry on the newspaper known as ‘Indian Express’ previously thereto conducted by the Free Press of India Ltd. Bombay, and to start and conduct such other newspaper and Magazines or Journals as circumstances might dictate . Pursuant thereto the newly formed company purchased from the Free Press of India, the whole of the business, stock in trade, and assets of the Indian Express under Articles of Agreement dated 19th April 1934 for a consideration of Rs. 86,250/- for which fully paid up shares of a like value in the new company were later allotted.
In or about end of 1934 the directors considered to associate a local individual in the managing agency and to raise by way of mortgage debentures a sum of Rs.50,000/- for meeting liabilities pertaining to the additional machinery and meeting certain overdue liabilities.
Accordingly another private limited company known as Publicity (Madras) Ltd. was formed with subscribed capital of Rs. 20000/- of which 51 percent was held by Ramanath Goenka and 49% by Mr. Sadanand. Ramnath Goenka should entirely fulfill the obligations devolving on the managing agents.
M/s. Sadanand & Co., should terminate the managing agency with the company Publicity (Madras) Ltd should be appointed Managing Agents & the new Managing Agents should underwrite the entire mortgage Debentures of Rs. 50,000 Rs. Fifty thousand within a specified date namely 15th January 1935.
Publicity (Madras) Ltd. were appointed managing agents from 08-01-1935. The first directors of the company were S. Sadanand, K. Santanam, and S.V. Swamy, & held office till 22.10.34. At the first Annual General Body Meeting for the year they were reelected & the three directors voluntarily retired and on 23.11.1935 S. Sadanand, Mrs. Sagaram Sadanand, and S. Bhushan were elected as directors and on 19.5.1936 they co-opted Messers. Ramnath Goenka
, K. Santanam, T.S. Chokalingam and S.V. Swamy as Directors till the next general meeting.
Rs. 50,000/- was received & on the recommendation of Ramnath Goenka
in current account at 6% with Messers. Chunilal Murliprasad bankers on or about 25.1.35.
, K. Santanan, T.S. Chokkalingam.
The battle started with the next Annual General Meeting which was convened on 22nd August 1936 and adjourned from time to time & finally held on 20th September 1936. After start of the meeting & with some arguments, a party consisting of Ramnath Goenka
, K. Bhashyam, K. Santanam, T.S. Chokalingam, and S.V. Swamy left their seats, took their chairs to another corner of the room and also took away some papers produced and filed at the meeting on the 19th and the 20th.
There have been lot of altercations & blows and finally Final orders of the court passed on Monday the 3rd day of May 1937, the honorable Mr. Justice Gentle in the high court of Madras.
This suit coming on this day before this court for withdrawal in the presence of Mr. R. Rangachariar, Advocate for the Plaintiffs herein, of Mr. K. Venugopala Iyengar, Advocate for Defendants 1 herein, and of Mr. R. Soundara rajan, Advocate for Defendants 2 to 5 herein, and the said Advocates for the parties hereto represent to this court that the suit has been settled out of court, it is ordered as follows:-
1.That this suit do stand dismissed out of this court as settled.
C.S.No. 288 of 1936 IN THE HIGH COURT OF JUDICATURE,AT MADRAS
Finally a year later Goenka to buy the rest of the 26% stake from Sadanand, and the paper came under Goenka's control who took the already anti-establishment tone of the paper to greater heights. Also at that time it had to face stiff competition from a well established The Hindu
and the Mail besides other prominent newspapers. In late 1930s the circulation was no more than 2000.
In 1939 it also bought out Andhra Prabha
, another prominent Telugu
Daily. Later the gained the name Three Musketeers for the three dailies. In 1940 the whole premises were gutted by fire. The Hindu
, its rival, helped considerably in re-launching the paper, by getting it printed temporarily at one of its Swadesimithran’s press and later offering its recently vacated premises at 2, Mount Road later to become the landmark Express Estates. This relocation also helped the Express obtain better high speed printing machines, while some claimed the Goenka had deliberately set fire to escape financial embarrassment.
In later years Goenka started the Mumbai
edition with the landmark Express Towers
as his office when the Morning Standard was bought by him in 1944. Two years later to become it became the Mumbai edition of The Indian Express. Later on editions were started in several cities like 1957 the Madurai
edition, the 1965 Bangalore
edition, and the 1968 Ahmedabad
edition. The Financial Express
was launched in 1961 from Mumbai, Kannada Prabha
(Kannada
Daily) from Bangalore
in 1965 and a Bangalore edition of the Telugu Daily Andhra Prabha, and Gujarati
dailies Lok Satta and Jansatta in 1952, from Ahmedabad and Baroda.
The Delhi
edition started was when the Tej group's Indian News Chronicle was acquired in 1951, which from 1953 became the Delhi edition of Indian Express. In 1990 the group bought the Sterling group of magazines, and along with it the Gentleman magazine.
After Ramanath Goenka’s demise in 1991, two of the family members split the group into Indian Express Mumbai with all the North Indian editions, while the Southern editions were grouped as Express Madurai Ltd. with Chennai
as headquarters.
, which brings out a South India
n chain of newspapers, including The New Indian Express
and is very much a separate corporate entity from The Express Group.
reached a flashpoint in The Financial Express, Chandigarh edition, when the franchisee threatened to shut down the edition if he was not given the editorial control. The franchisee ultimately emerged as the winner,leading to the resignation of the Resident Editor of the edition. This was followed by fresh appointments to the Editorial team and the franchisee assuming the role of the Managing Editor.The Express Group, subsequently posted profits of Rs 45 crores in 2004. This financial turnaround has been used as a case study in India's highly regarded Indian Institute of Management in Ahmedabad
.
in Mumbai
a series of B2B
magazines such as Express Computer, Express TravelWorld (formerly called Travel and Tourism), Express Pharma (formerly Express Pharma Pulse), Express Hospitality (formerly Express Hotelier & Caterer), the IT-focused Network Magazine, CIO Decisions, Express Healthcare Management and the newly launched business magazine Express Channel Business.
BPD has also ventured into organising events and exhibitions such as Express World. BPD also conducts events on IT and organises exhibitions for other parties. In September 2006, BPD's Express TravelWorld organised the exhibition for Travel Agents Association of India 55th annual convention in Hyderabad.
The Screen Awards, initiated by Ananya Goenka, are focused on films in India. The awards attempt to position themselves as India's first awards that are given by the film fraternity to the film fraternity by way of a jury, as opposed to the other "popular" awards such as Filmfare and Zee Cine Awards.
BPD brings out several special features throughout the year. Noted among them are few from the Hyderabad division headed by Biju Mathews (GM-BPD), which include the following:
Indian Express Group
Indian Express Limited is an Indian news media publishing company. It publishes several widely circulated dailies, including The Indian Express and The Financial Express in English, the Loksatta in Marathi and the Jansatta in Hindi...
. After Ramnath Goenka
Ramnath Goenka
Ramnath Goenka was a newspaper baron of India. He launched The Indian Express and created the Indian Express Group with various English and regional language publications...
's death in 1991, the group was split in 1999 among his family members into two with the southern editions taking the name The New Indian Express
The New Indian Express
The New Indian Express is an Indian English-language broadsheet daily newspaper published by the Express Publications. It was founded in 1932 as the Indian Express, under the ownership of Chennai-based P. Varadarajulu Naidu. In 1991, following the death of the then owner Ramnath Goenka, the Goenka...
, while the old Indian Express name was retained in the northern editions based in Mumbai
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
with a prefix "The".
The Indian Express is owned by the Indian Express Group
Indian Express Group
Indian Express Limited is an Indian news media publishing company. It publishes several widely circulated dailies, including The Indian Express and The Financial Express in English, the Loksatta in Marathi and the Jansatta in Hindi...
with Viveck Goenka as the Chairman and Managing Director. The group also owns other newspapers in India such as the Financial Express
Financial Express
The Financial Express is an Indian English-language business newspaper. It is published by the Indian Express group since 1961. The FE specialises in India and international business and financial news....
, a newspaper focused on the Indian economy, stock markets, and fiscal policies
Fiscal policy
In economics and political science, fiscal policy is the use of government expenditure and revenue collection to influence the economy....
. The group has other publications such as Screen
Screen (magazine)
Screen is a film magazine, published every week in India. It is owned by The Indian Express publishing group. The content focuses on the Bollywood, India's Hindi movie industry located in Mumbai. Screen organizes and sponsors the Star Screen Awards for movies in Hindi....
weekly focused on entertainment news, the Marathi
Marathi language
Marathi is an Indo-Aryan language spoken by the Marathi people of western and central India. It is the official language of the state of Maharashtra. There are over 68 million fluent speakers worldwide. Marathi has the fourth largest number of native speakers in India and is the fifteenth most...
-language daily Loksatta
Loksatta (newspaper)
-Introduction:Launched on January 14, 1948, Loksatta has stood by its tradition of being a forum and voice of democracy in Maharashtra, India. Published by The Indian Express Group, a champion of change, Loksatta is known for its impartial coverage and nonconformist & liberal viewpoint...
, and the Hindi
Hindi
Standard Hindi, or more precisely Modern Standard Hindi, also known as Manak Hindi , High Hindi, Nagari Hindi, and Literary Hindi, is a standardized and sanskritized register of the Hindustani language derived from the Khariboli dialect of Delhi...
daily Jansatta
Jansatta
Jansatta is a leading Hindi daily belonging to the Indian Express Group. Established in 1983, today it is published from Delhi and Kolkata.-History:The Indian Express Group was known for its proximity to Jayaprakash Narayan, fondly known as JP...
.
The Indian Express is published from 8 locations — Delhi
Delhi
Delhi , officially National Capital Territory of Delhi , is the largest metropolis by area and the second-largest by population in India, next to Mumbai. It is the eighth largest metropolis in the world by population with 16,753,265 inhabitants in the Territory at the 2011 Census...
, Mumbai
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
, Nagpur
Nagpur
Nāgpur is a city and winter capital of the state of Maharashtra, the largest city in central India and third largest city in Maharashtra after Mumbai and Pune...
, Pune
Pune
Pune , is the eighth largest metropolis in India, the second largest in the state of Maharashtra after Mumbai, and the largest city in the Western Ghats. Once the centre of power of the Maratha Empire, it is situated 560 metres above sea level on the Deccan plateau at the confluence of the Mula ...
, Kolkata
Kolkata
Kolkata , formerly known as Calcutta, is the capital of the Indian state of West Bengal. Located on the east bank of the Hooghly River, it was the commercial capital of East India...
, Ludhiana, Chandigarh
Chandigarh
Chandigarh is a union territory of India that serves as the capital of two states, Haryana and Punjab. The name Chandigarh translates as "The Fort of Chandi". The name is from an ancient temple called Chandi Mandir, devoted to the Hindu goddess Chandi, in the city...
, Lucknow
Lucknow
Lucknow is the capital city of Uttar Pradesh in India. Lucknow is the administrative headquarters of Lucknow District and Lucknow Division....
and Ahmedabad
Ahmedabad
Ahmedabad also known as Karnavati is the largest city in Gujarat, India. It is the former capital of Gujarat and is also the judicial capital of Gujarat as the Gujarat High Court has its seat in Ahmedabad...
.
History of the group
Indian Express was started by an AyurvedicAyurveda
Ayurveda or ayurvedic medicine is a system of traditional medicine native to India and a form of alternative medicine. In Sanskrit, words , meaning "longevity", and , meaning "knowledge" or "science". The earliest literature on Indian medical practice appeared during the Vedic period in India,...
doctor and Congress Party
Indian National Congress
The Indian National Congress is one of the two major political parties in India, the other being the Bharatiya Janata Party. It is the largest and one of the oldest democratic political parties in the world. The party's modern liberal platform is largely considered center-left in the Indian...
member Perumal Varadarajulu Naidu in 1931 at Chennai
Chennai
Chennai , formerly known as Madras or Madarasapatinam , is the capital city of the Indian state of Tamil Nadu, located on the Coromandel Coast off the Bay of Bengal. Chennai is the fourth most populous metropolitan area and the sixth most populous city in India...
(then Madras) published by his “Tamil Nadu
Tamil Nadu
Tamil Nadu is one of the 28 states of India. Its capital and largest city is Chennai. Tamil Nadu lies in the southernmost part of the Indian Peninsula and is bordered by the union territory of Pondicherry, and the states of Kerala, Karnataka, and Andhra Pradesh...
” press. But soon under financial difficulties he sold it to S. Sadanand, founder of The Free Press Journal, a national news agency
News agency
A news agency is an organization of journalists established to supply news reports to news organizations: newspapers, magazines, and radio and television broadcasters. Such an agency may also be referred to as a wire service, newswire or news service.-History:The oldest news agency is Agence...
.
In 1933 The Indian Express opened its second office in Madurai
Madurai
Madurai is the third largest city in the Indian state of Tamil Nadu and one of the oldest continuously inhabited cities in the world. It served as the capital city of the Pandyan Kingdom. It is the administrative headquarters of Madurai District and is famous for its temples built by Pandyan and...
and launched the Tamil
Tamil language
Tamil is a Dravidian language spoken predominantly by Tamil people of the Indian subcontinent. It has official status in the Indian state of Tamil Nadu and in the Indian union territory of Pondicherry. Tamil is also an official language of Sri Lanka and Singapore...
edition Dinamani
Dina Mani
Dina Mani is daily Tamil newspaper printed and published from Chennai, Coimbatore, Vellore, Trichy, Madurai, Tirunelveli, Dharmapuri, Bangalore, and New Delhi in India. The newspaper was established in 1933 and owned by The New Indian Express Group.The first edition came in 1934 september 11...
. Sadanand introduced several innovations and reduced the price, but was later forced to sell part of the stake in form of convertible debentures to Ramanath Goenka due to financial difficulties. Later when the free press journal collapsed in 1935 Sadanand lost the ownership of Indian Express after a long controversial court battle with Goenka, where blows were exchanged between some of the parties.
Goenka’s court battle with Sadanand for ownership
Suit No. C.S. no. 288 of 1936 IN THE HIGH COURT OF JUDICATURE, AT MADRASPARTES: The Free Press of India (Madras) Ltd. Through its Directors
1. S. Sadanand 2. Mrs. Sagaram Sadanand 3. P. Vardarajulu Naidu. –Plaintiffs
Vs. 1. Publicity (Madras) Ltd., represented by R. Goenka, Managing Director.
2. R. Goenka 3. K. Santanam 4. S.V.Swamy 5. T.S. Chockkalingam – Defendants.
Para - 3
(1933) The Free Press of India (Madras) Ltd., a private limited company incorporated and registered in February 1933.
The Authorized Capital of the Company is Rs. 3 Lacks divided in 6000 shares of Rs. 50 each. Paid up Capital Rs. 136550. of 2731 fully paid up shares.
Para - 4
(1934) Objects of the Company: The Company was established mainly to acquire and carry on the newspaper known as ‘Indian Express’ previously thereto conducted by the Free Press of India Ltd. Bombay, and to start and conduct such other newspaper and Magazines or Journals as circumstances might dictate . Pursuant thereto the newly formed company purchased from the Free Press of India, the whole of the business, stock in trade, and assets of the Indian Express under Articles of Agreement dated 19th April 1934 for a consideration of Rs. 86,250/- for which fully paid up shares of a like value in the new company were later allotted.
Managing agents debenture issue
First managing agent Messers Sadanand and Company with headquarters in Bombay, with Sadanand as the sole proprietor.In or about end of 1934 the directors considered to associate a local individual in the managing agency and to raise by way of mortgage debentures a sum of Rs.50,000/- for meeting liabilities pertaining to the additional machinery and meeting certain overdue liabilities.
Accordingly another private limited company known as Publicity (Madras) Ltd. was formed with subscribed capital of Rs. 20000/- of which 51 percent was held by Ramanath Goenka and 49% by Mr. Sadanand. Ramnath Goenka should entirely fulfill the obligations devolving on the managing agents.
M/s. Sadanand & Co., should terminate the managing agency with the company Publicity (Madras) Ltd should be appointed Managing Agents & the new Managing Agents should underwrite the entire mortgage Debentures of Rs. 50,000 Rs. Fifty thousand within a specified date namely 15th January 1935.
Publicity (Madras) Ltd. were appointed managing agents from 08-01-1935. The first directors of the company were S. Sadanand, K. Santanam, and S.V. Swamy, & held office till 22.10.34. At the first Annual General Body Meeting for the year they were reelected & the three directors voluntarily retired and on 23.11.1935 S. Sadanand, Mrs. Sagaram Sadanand, and S. Bhushan were elected as directors and on 19.5.1936 they co-opted Messers. Ramnath Goenka
Ramnath Goenka
Ramnath Goenka was a newspaper baron of India. He launched The Indian Express and created the Indian Express Group with various English and regional language publications...
, K. Santanam, T.S. Chokalingam and S.V. Swamy as Directors till the next general meeting.
Rs. 50,000/- was received & on the recommendation of Ramnath Goenka
Ramnath Goenka
Ramnath Goenka was a newspaper baron of India. He launched The Indian Express and created the Indian Express Group with various English and regional language publications...
in current account at 6% with Messers. Chunilal Murliprasad bankers on or about 25.1.35.
Co-opted Ramnath Goenka director on 19 May 1936
The first directors of the company were S. Sadanand, K. Santanan and S.V. Swamy and they held office till 22-10-1934 when at the first AGM they were again re-elected as director for the year 1934-35. At the end of the year, the three directors voluntarily retired and on 23-11-1935 S. Sadanand, Mrs. Sagaram Sadanand, and S.N. Bushan were elected directors. S.N. Bushan never took office and resigned on about 4th February 1936. When recording Mr. Bushan’s resignation not to fill the vacancy till the third annual general meeting. And under clause 11 co-opted on 19-05-1936 till the next general meeting, Ramnath GoenkaRamnath Goenka
Ramnath Goenka was a newspaper baron of India. He launched The Indian Express and created the Indian Express Group with various English and regional language publications...
, K. Santanan, T.S. Chokkalingam.
Ramnath Goenka entry & battle in the scene
Ramnath Goenka started creating trouble and to oust S. Sadanand from his accredited position of importance and influence in the company and to make himself supreme in its administration.The battle started with the next Annual General Meeting which was convened on 22nd August 1936 and adjourned from time to time & finally held on 20th September 1936. After start of the meeting & with some arguments, a party consisting of Ramnath Goenka
Ramnath Goenka
Ramnath Goenka was a newspaper baron of India. He launched The Indian Express and created the Indian Express Group with various English and regional language publications...
, K. Bhashyam, K. Santanam, T.S. Chokalingam, and S.V. Swamy left their seats, took their chairs to another corner of the room and also took away some papers produced and filed at the meeting on the 19th and the 20th.
Altercations & blows
The suit filed in Madras High Court by S. Sadanand on 30 October C. S. No. 288 of 1936 leveling charges of various fraud committed by Ramnath Goenka and also that Ramnath Goenka at one time saying that he was a partner of Chunilal Murliprasad at another he was an agent and at other times he was totally unconnected and Ramnath Goenka also concealed from till very late stage that the office of Chunilal Murliprasad was situated at his residence.There have been lot of altercations & blows and finally Final orders of the court passed on Monday the 3rd day of May 1937, the honorable Mr. Justice Gentle in the high court of Madras.
This suit coming on this day before this court for withdrawal in the presence of Mr. R. Rangachariar, Advocate for the Plaintiffs herein, of Mr. K. Venugopala Iyengar, Advocate for Defendants 1 herein, and of Mr. R. Soundara rajan, Advocate for Defendants 2 to 5 herein, and the said Advocates for the parties hereto represent to this court that the suit has been settled out of court, it is ordered as follows:-
1.That this suit do stand dismissed out of this court as settled.
C.S.No. 288 of 1936 IN THE HIGH COURT OF JUDICATURE,AT MADRAS
Finally a year later Goenka to buy the rest of the 26% stake from Sadanand, and the paper came under Goenka's control who took the already anti-establishment tone of the paper to greater heights. Also at that time it had to face stiff competition from a well established The Hindu
The Hindu
The Hindu is an Indian English-language daily newspaper founded and continuously published in Chennai since 1878. According to the Audit Bureau of Circulations, it has a circulation of 1.46 million copies as of December 2009. The enterprise employed over 1,600 workers and gross income reached $40...
and the Mail besides other prominent newspapers. In late 1930s the circulation was no more than 2000.
In 1939 it also bought out Andhra Prabha
Andhra Prabha
Andhra Prabha is a Telugu daily newspaper launched in 1938. It is a part of the New Indian Express Group of Companies.-Early history:The paper was started from Chennai on August 15, 1938 by Ramnath Goenka to challenge the sway of the leading Telugu newspaper at the time, Andhra Patrika...
, another prominent Telugu
Telugu language
Telugu is a Central Dravidian language primarily spoken in the state of Andhra Pradesh, India, where it is an official language. It is also spoken in the neighbouring states of Chattisgarh, Karnataka, Maharashtra, Orissa and Tamil Nadu...
Daily. Later the gained the name Three Musketeers for the three dailies. In 1940 the whole premises were gutted by fire. The Hindu
The Hindu
The Hindu is an Indian English-language daily newspaper founded and continuously published in Chennai since 1878. According to the Audit Bureau of Circulations, it has a circulation of 1.46 million copies as of December 2009. The enterprise employed over 1,600 workers and gross income reached $40...
, its rival, helped considerably in re-launching the paper, by getting it printed temporarily at one of its Swadesimithran’s press and later offering its recently vacated premises at 2, Mount Road later to become the landmark Express Estates. This relocation also helped the Express obtain better high speed printing machines, while some claimed the Goenka had deliberately set fire to escape financial embarrassment.
In later years Goenka started the Mumbai
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
edition with the landmark Express Towers
Express Towers Mumbai
The Express Towers is a 25-storey building located on Marine Drive in Nariman Point, Mumbai. Upon its completion in 1972, the building was the tallest building in South Asia for about two years...
as his office when the Morning Standard was bought by him in 1944. Two years later to become it became the Mumbai edition of The Indian Express. Later on editions were started in several cities like 1957 the Madurai
Madurai
Madurai is the third largest city in the Indian state of Tamil Nadu and one of the oldest continuously inhabited cities in the world. It served as the capital city of the Pandyan Kingdom. It is the administrative headquarters of Madurai District and is famous for its temples built by Pandyan and...
edition, the 1965 Bangalore
Bangalore
Bengaluru , formerly called Bengaluru is the capital of the Indian state of Karnataka. Bangalore is nicknamed the Garden City and was once called a pensioner's paradise. Located on the Deccan Plateau in the south-eastern part of Karnataka, Bangalore is India's third most populous city and...
edition, and the 1968 Ahmedabad
Ahmedabad
Ahmedabad also known as Karnavati is the largest city in Gujarat, India. It is the former capital of Gujarat and is also the judicial capital of Gujarat as the Gujarat High Court has its seat in Ahmedabad...
edition. The Financial Express
Financial Express
The Financial Express is an Indian English-language business newspaper. It is published by the Indian Express group since 1961. The FE specialises in India and international business and financial news....
was launched in 1961 from Mumbai, Kannada Prabha
Kannada Prabha
Kannada Prabha a morning daily from the house of The New Indian Express Group, is a major Kannada newspaper in Karnataka. The tag line on its masthead is The Most Powerful Kannada Newspaper...
(Kannada
Kannada language
Kannada or , is a language spoken in India predominantly in the state of Karnataka. Kannada, whose native speakers are called Kannadigas and number roughly 50 million, is one of the 30 most spoken languages in the world...
Daily) from Bangalore
Bangalore
Bengaluru , formerly called Bengaluru is the capital of the Indian state of Karnataka. Bangalore is nicknamed the Garden City and was once called a pensioner's paradise. Located on the Deccan Plateau in the south-eastern part of Karnataka, Bangalore is India's third most populous city and...
in 1965 and a Bangalore edition of the Telugu Daily Andhra Prabha, and Gujarati
Gujarati language
Gujarati is an Indo-Aryan language, and part of the greater Indo-European language family. It is derived from a language called Old Gujarati which is the ancestor language of the modern Gujarati and Rajasthani languages...
dailies Lok Satta and Jansatta in 1952, from Ahmedabad and Baroda.
The Delhi
Delhi
Delhi , officially National Capital Territory of Delhi , is the largest metropolis by area and the second-largest by population in India, next to Mumbai. It is the eighth largest metropolis in the world by population with 16,753,265 inhabitants in the Territory at the 2011 Census...
edition started was when the Tej group's Indian News Chronicle was acquired in 1951, which from 1953 became the Delhi edition of Indian Express. In 1990 the group bought the Sterling group of magazines, and along with it the Gentleman magazine.
After Ramanath Goenka’s demise in 1991, two of the family members split the group into Indian Express Mumbai with all the North Indian editions, while the Southern editions were grouped as Express Madurai Ltd. with Chennai
Chennai
Chennai , formerly known as Madras or Madarasapatinam , is the capital city of the Indian state of Tamil Nadu, located on the Coromandel Coast off the Bay of Bengal. Chennai is the fourth most populous metropolitan area and the sixth most populous city in India...
as headquarters.
Headquarters
The Express Group has a Mumbai-headquartered division, which should not be confused with Express Publications MaduraiMadurai
Madurai is the third largest city in the Indian state of Tamil Nadu and one of the oldest continuously inhabited cities in the world. It served as the capital city of the Pandyan Kingdom. It is the administrative headquarters of Madurai District and is famous for its temples built by Pandyan and...
, which brings out a South India
South India
South India is the area encompassing India's states of Andhra Pradesh, Karnataka, Kerala and Tamil Nadu as well as the union territories of Lakshadweep and Pondicherry, occupying 19.31% of India's area...
n chain of newspapers, including The New Indian Express
The New Indian Express
The New Indian Express is an Indian English-language broadsheet daily newspaper published by the Express Publications. It was founded in 1932 as the Indian Express, under the ownership of Chennai-based P. Varadarajulu Naidu. In 1991, following the death of the then owner Ramnath Goenka, the Goenka...
and is very much a separate corporate entity from The Express Group.
Financial difficulties and turnaround
The newspaper saw falling profits between the years 2000-2002 but did not change its policies and the nature of content it carried. The newspaper, however, appointed franchisees to run some of its loss making editions including the Jammu edition (the model was also adopted to launch the Chandigarh edition of The Financial Express - the business paper of the Express Group). Under the franchisee model, the editorial control of the edition was to be retained by the editorial staff appointed by the Express group. The franchise owner was given the control of with the business side, including circulation and generation of revenues. In return the franchise was expected to provide the operational expenses and a one-time fee to the Express group. The model looked good on paper. However, it led to dilution of the editorial standards as the franchisees sought greater say in the appointment of reporters and selection of content. The conflict between commercial interests and journalistic ethicsJournalism ethics and standards
Journalism ethics and standards comprise principles of ethics and of good practice as applicable to the specific challenges faced by journalists. Historically and currently, this subset of media ethics is widely known to journalists as their professional "code of ethics" or the "canons of journalism"...
reached a flashpoint in The Financial Express, Chandigarh edition, when the franchisee threatened to shut down the edition if he was not given the editorial control. The franchisee ultimately emerged as the winner,leading to the resignation of the Resident Editor of the edition. This was followed by fresh appointments to the Editorial team and the franchisee assuming the role of the Managing Editor.The Express Group, subsequently posted profits of Rs 45 crores in 2004. This financial turnaround has been used as a case study in India's highly regarded Indian Institute of Management in Ahmedabad
Ahmedabad
Ahmedabad also known as Karnavati is the largest city in Gujarat, India. It is the former capital of Gujarat and is also the judicial capital of Gujarat as the Gujarat High Court has its seat in Ahmedabad...
.
Awards
- Ramnath Goenka Excellence in Journalism Awards
- Ramnath Goenka India Press Photo Awards
- Screen AwardsStar Screen AwardsThe Star Screen Awards is an annual awards ceremony in India honoring professional excellence in film. The nomination and award selection is done by a panel of distinguished professional from the industry itself.- History :...
- FE Women in Business Awards
- Intelligent Enterprise Awards
- Security Strategist Awards
- Uptime Champion Awards
- Express TravelWorld Awards
- Pharma Excellence Awards
- Healthcare Excellence Awards
Business Publications Division
The group also runs the Business Publication Division ("BPD"). This division publishes and prints out of its headquarters at Nariman PointNariman Point
Nariman Point is Mumbai's premier business district and country's first central business district. It was named after Khursheed Framji Nariman, a Parsi visionary. The area is situated on land reclaimed from the sea. It had the distinction of having the highest commercial real estate rental space...
in Mumbai
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
a series of B2B
Business-to-business
Business-to-business describes commerce transactions between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer...
magazines such as Express Computer, Express TravelWorld (formerly called Travel and Tourism), Express Pharma (formerly Express Pharma Pulse), Express Hospitality (formerly Express Hotelier & Caterer), the IT-focused Network Magazine, CIO Decisions, Express Healthcare Management and the newly launched business magazine Express Channel Business.
BPD has also ventured into organising events and exhibitions such as Express World. BPD also conducts events on IT and organises exhibitions for other parties. In September 2006, BPD's Express TravelWorld organised the exhibition for Travel Agents Association of India 55th annual convention in Hyderabad.
The Screen Awards, initiated by Ananya Goenka, are focused on films in India. The awards attempt to position themselves as India's first awards that are given by the film fraternity to the film fraternity by way of a jury, as opposed to the other "popular" awards such as Filmfare and Zee Cine Awards.
BPD brings out several special features throughout the year. Noted among them are few from the Hyderabad division headed by Biju Mathews (GM-BPD), which include the following:
- Centennial Titans
- Platinum League
- Golden League
- Silver League
- [Best of Andhra Pradesh]
- Andhra Pradesh - Celebrations
- Best Schools of Hyderabad
- Gourmet guide - Hyderabad
- Heritage Capital - Hyderabad
- [Best of India]
See also
- Indian Express GroupIndian Express GroupIndian Express Limited is an Indian news media publishing company. It publishes several widely circulated dailies, including The Indian Express and The Financial Express in English, the Loksatta in Marathi and the Jansatta in Hindi...
- Express AvenueExpress AvenueExpress Avenue is a shopping mall in Chennai promoted by Express Infrastructure, a subsidiary of The Indian Express Group. It is Chennai's largest shopping mall with 900,000 sq. ft. of retail space...
- List of newspapers in India by circulation
- List of newspapers in the world by circulation
- The New Indian ExpressThe New Indian ExpressThe New Indian Express is an Indian English-language broadsheet daily newspaper published by the Express Publications. It was founded in 1932 as the Indian Express, under the ownership of Chennai-based P. Varadarajulu Naidu. In 1991, following the death of the then owner Ramnath Goenka, the Goenka...