Subhash Chandra: Difference between revisions

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{{Use Indian English|date=June 2016}}
{{Use Indian English|date=June 2016}}
{{Infobox officeholder
{{Infobox officeholder
| name                =Subhash Chandra
| name                = Subhash Chandra
| image              = Subhash Chandra.png
| image              = Subhash Chandra.png
| caption            = Subhash Chandra in 2018
| caption            = Subhash Chandra in 2018
| birth_date          = {{Birth date and age|df=yes|1950|11|30}}
| birth_date          = {{Birth date and age|df=yes|1950|11|30}}
| birth_place        = [[Adampur, Hisar|Adampur]], [[Haryana]], India
| birth_place        = [[Adampur]], [[East Punjab]], [[India]] Present day [[Adampur, Hisar|Adampur]], [[Haryana]], [[India]]
| residence          = [[Mumbai]], [[Maharashtra]]
| residence          = [[Mumbai]], [[Maharashtra]]
| occupation          = [[Chairman]] of [[Essel Group]]
| occupation          = [[Chairman]] of [[Essel Group]]
| salary              =  
| salary              =  
| net_worth          = {{loss}} {{USD|2.5 billion}} (May 2019)<ref name=forbe>{{cite web|url=https://www.forbes.com/profile/subhash-chandra/ |title=Forbes – Subhash Chandra |work=Forbes.com |date=11 May 2019 |access-date=11 May 2019}}</ref>
| blank1              =  
| blank1              =  
| data1              =  
| data1              =  
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| constituency        = [[Haryana]]
| constituency        = [[Haryana]]
| predecessor        = [[Suresh Prabhu]]
| predecessor        = [[Suresh Prabhu]]
| party              = Independent<ref>https://rajyasabha.nic.in/rsnew/member_site/Main.aspx</ref>
| party              = [[Bharatiya Janata Party]]<ref>https://rajyasabha.nic.in/rsnew/member_site/Main.aspx</ref>
| successor          =  
| successor          =  
| father              =  
| father              =  
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== Business ==
== Business ==
Chandra launched India's first satellite TV channel, [[Zee TV]], in 1992.<ref name="anand">{{cite news|url=http://businesstoday.intoday.in/story/amit-goenka-zee-entertainment-the-next-generation/1/205720.html|title=Passing the Baton|date=25 May 2014|publisher=business today.intoday.in|last1=Adhikari|first1=Anand|access-date=4 August 2015}}</ref> The channel competes with, among others, [[Sony Entertainment Television (India)|Sony Entertainment Television]] and [[STAR Plus]]. Currently, the Zee TV network, consisting up to 90 channels, reach 1.3 Billion people spread over 174 countries.<ref name="forbe" />
Chandra launched India's first satellite TV channel, [[Zee TV]], in 1992.<ref name="anand">{{cite news|url=http://businesstoday.intoday.in/story/amit-goenka-zee-entertainment-the-next-generation/1/205720.html|title=Passing the Baton|date=25 May 2014|publisher=business today.intoday.in|last1=Adhikari|first1=Anand|access-date=4 August 2015}}</ref> The channel competes with, among others, [[Sony Entertainment Television (India)|Sony Entertainment Television]] and [[STAR Plus]]. Currently, the Zee TV network, consisting up to 90 channels, reach 1.3 billion people spread over 174 countries.<ref name=forbe>{{cite web|url=https://www.forbes.com/profile/subhash-chandra/ |title=Forbes – Subhash Chandra |work=Forbes.com |date=11 May 2019 |access-date=11 May 2019}}</ref>


In 2005, in collaboration with Dainik Bhaskar group, Chandra launched an English-language daily newspaper, ''DNA'', in Mumbai to challenge the well-settled ''[[The Times of India]]''. The competition was one of the biggest newspaper battles of Mumbai. Sustaining earlier losses, the newspaper eventually turned around.<ref name=deepak>{{cite news|last1=Ajwani|first1=Deepak|title=At the Zee Group, Son Punit has taken the baton from Subhash Chandra |url=http://forbesindia.com/article/marwari-power/at-the-zee-group-son-punit-has-taken-the-baton-from-subhash-chandra/37359/1|access-date=4 August 2015|publisher=Forbes India Magazine|date=14 March 2014}}</ref>
In 2005, in collaboration with Dainik Bhaskar group, Chandra launched an English-language daily newspaper, ''DNA'', in Mumbai to challenge the well-settled ''[[The Times of India]]''. The competition was one of the biggest newspaper battles of Mumbai. Sustaining earlier losses, the newspaper eventually turned around.<ref name=deepak>{{cite news|last1=Ajwani|first1=Deepak|title=At the Zee Group, Son Punit has taken the baton from Subhash Chandra |url=http://forbesindia.com/article/marwari-power/at-the-zee-group-son-punit-has-taken-the-baton-from-subhash-chandra/37359/1|access-date=4 August 2015|publisher=Forbes India Magazine|date=14 March 2014}}</ref> However, by October 2019, DNA was defunct and completely shut down.<ref>https://www.newslaundry.com/2021/07/27/who-owns-your-media-how-subhash-chandras-zeal-for-diversification-wrecked-his-zee-empire</ref>


On 25 November 2019, Chandra had to resign as chairman of his company [[Zee Entertainment Enterprises]], as per the SEBI Listing Regulations.<ref>{{cite news |title=Subhash Chandra Resigns as Chairman of Zee Entertainment Enterprises |url=https://www.news18.com/news/india/subhash-chandra-resigns-as-chairman-of-zee-entertainment-enterprises-2400237.html |publisher=[[News 18]] |date=25 November 2019}}</ref> However, he still continues as a non-executive director of the company.<ref>{{cite news |last1=Jagannath |first1=J. |title=Zee Entertainment board accepts Subhash Chandra's resignation as chairman |url=https://www.livemint.com/companies/news/zee-entertainment-board-accepts-subhash-chandra-s-resignation-as-chairman-11574688147326.html |publisher=[[Livemint]] |date=25 November 2019}}</ref>
On 25 November 2019, Chandra had to resign as chairman of his company [[Zee Entertainment Enterprises]], as per the SEBI Listing Regulations.<ref>{{cite news |title=Subhash Chandra Resigns as Chairman of Zee Entertainment Enterprises |url=https://www.news18.com/news/india/subhash-chandra-resigns-as-chairman-of-zee-entertainment-enterprises-2400237.html |publisher=[[News 18]] |date=25 November 2019}}</ref> However, he still continues as a non-executive director of the company.<ref>{{cite news |last1=Jagannath |first1=J. |title=Zee Entertainment board accepts Subhash Chandra's resignation as chairman |url=https://www.livemint.com/companies/news/zee-entertainment-board-accepts-subhash-chandra-s-resignation-as-chairman-11574688147326.html |publisher=[[Livemint]] |date=25 November 2019}}</ref>
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On 22 May 2020, [[Essel Group]] defaulted 616 INR Crore secured NCD Bonds with standstill agreement along with Subhash Chandra Personal Guarantee thus affecting 3,00,000 investors.
On 22 May 2020, [[Essel Group]] defaulted 616 INR Crore secured NCD Bonds with standstill agreement along with Subhash Chandra Personal Guarantee thus affecting 3,00,000 investors.


In August,2020, Zee Entertainment Enterprises Ltd (ZEEL) appointed promoter Subhash Chandra as chairman emeritus, following his resignation as non-executive director of the firm. Subhash Chandra, who was previously chairman, would now continue to be associated with the business in an honorary fashion.<ref>{{Cite news|last=Laghate|first=Gaurav|title=Subhash Chandra to take role of chairman emeritus at ZEE, steps down as non-executive director|work=The Economic Times|url=https://economictimes.indiatimes.com/news/company/corporate-trends/subhash-chandra-to-take-role-of-chairman-emeritus-at-zee-steps-down-as-non-executive-director/articleshow/77614362.cms|access-date=2020-08-18}}</ref>
In August 2020, Zee Entertainment Enterprises Ltd (ZEEL) appointed promoter Subhash Chandra as chairman emeritus, following his resignation as non-executive director of the firm. Subhash Chandra, who was previously chairman, would now continue to be associated with the business in an honorary fashion.<ref>{{Cite news|last=Laghate|first=Gaurav|title=Subhash Chandra to take role of chairman emeritus at ZEE, steps down as non-executive director|work=The Economic Times|url=https://economictimes.indiatimes.com/news/company/corporate-trends/subhash-chandra-to-take-role-of-chairman-emeritus-at-zee-steps-down-as-non-executive-director/articleshow/77614362.cms|access-date=2020-08-18}}</ref>


==Awards==
==Awards==