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New Delhi Television Limited (NDTV)

NDTV

BSE
NSE

Media / Broadcasting & Digital Journalism

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NSE / BSE

About

New Delhi Television Limited (NDTV)

Company Overview

New Delhi Television Limited (NDTV) was incorporated in 1988, having been founded by economist Prannoy Roy and journalist Radhika Roy in 1984. NDTV began its journey as a production house, creating news segments for the public broadcaster Doordarshan and international satellite channels during an era of state monopoly in television broadcasting. It subsequently transitioned into India's first independent news network, converting into a commercial news network in 1988.

Today, NDTV stands as a leading news television and digital journalism company in India. It operates as a division of AMG Media Networks Limited, an Adani Group company. The company provides comprehensive coverage across a diverse range of topics, including politics, current affairs, business, technology, entertainment, sports, health, and lifestyle. NDTV boasts a global reach across 65 countries and engages a combined audience of over 500 million across all its channels and websites.

Business Operations and Channel Portfolio

New Delhi Television Limited, along with its subsidiaries, operates as a prominent news television and digital journalism company with presence in India, the United States, Europe, and other international markets. Its extensive channel portfolio includes:

- NDTV 24X7: An English news channel.

- NDTV India: A Hindi news channel.

- NDTV Profit: A dedicated business news channel.

- NDTV World: A digital platform focused on global news.

- Regional Channels: Including NDTV Madhya Pradesh Chhattisgarh, NDTV Rajasthan, and NDTV Marathi.

The company also offers consultancy services for setting up channels in various markets. NDTV launched India's first 24x7 news channel in partnership with Star India in 1998. In 2003, it established itself as an independent broadcasting network with the simultaneous launch of its Hindi and English language news channels, NDTV India and NDTV 24x7, respectively. NDTV 24x7 is recognized as a successor to Star News (founded by NDTV and Star India), and is often considered the first dedicated 24x7 news channel in India.

Adani Group Acquisition

In 2022, the Adani Group, known for its close ties with the BJP, initiated the acquisition of a majority stake in NDTV. The process unfolded as follows:

- August 2022: Adani Group acquired a 100% stake in Vishvapradhan Commercial Private Limited (VCPL). VCPL owned convertible debentures (in the form of warrants) in Radhika Roy Prannoy Roy (RRPR) Holding Pvt Ltd, which in turn held a 29.18% stake in NDTV. Through the VCPL purchase, Adani Group indirectly acquired these warrants, which upon conversion, granted them a 29.18% stake in NDTV.

- November 2022: The Adani Group launched an open offer to acquire an additional stake in NDTV, successfully acquiring an 8% additional stake. This increased its total shareholding to over 37% in the media company.

- December 2022: Radhika and Prannoy Roy, the founders, sold 27.26% of their 32.26% shareholding in the news network to the Adani Group. This transaction established the conglomerate as the single largest shareholder, with over 64.71% stake in NDTV.

Market Position and Financial Performance

As of July 2025, NDTV has a market capitalization of ₹975 crore, reflecting a 31.8% decline over the past year. The company's key financial metrics include:

- Revenue: ₹465 crore

- Loss: ₹218 crore

- Promoter Holding: 64.7%

- PE Ratio: -4.61

- PB Ratio: 16.96

For the fiscal year ended March 31, 2022 (FY22), NDTV reported net sales of ₹396.4 crore and a net profit of ₹79.8 crore. The company has historically been profitable, with revenue of ₹4.21 billion and a net profit of ₹850 million in FY21-22.

Subsidiary Structure

NDTV operates through a robust subsidiary structure that supports its diverse operations. The Company's key subsidiaries include:

- NDTV Convergence Limited

- NDTV Worldwide Limited

- NDTV Networks Limited

- NDTV Labs Limited

- NDTV Media Limited

Additionally, it maintains auxiliary services subsidiaries such as NDTV Labs, an R&D company dedicated to augmenting production processes within the group, and NDTV Emerging Markets, a consultancy firm assisting in the launch of NDTV news channels outside India.

Company Leadership and Governance

As of recent data, U K Sinha serves as the chairman of New Delhi Television Ltd, with Parinita Bhutani holding the position of company secretary. New Delhi Television Ltd, incorporated in 1988, has its registered office at B50-A 2nd Flr Archana Complex, Greater Kailash - 1, New Delhi, 110048. The company's auditor is S N Dhawan & Co LLP.

Recent Developments

Several significant developments have impacted NDTV recently:

- July 4, 2025: NDTV received a ₹17.27 crore GST show cause notice concerning tax discrepancies for FY 2021-22.

- June 24, 2025: The company held its 37th Annual General Meeting (AGM), where it approved FY25 financials, director re-appointments, new Articles of Association, and a Scheme of Amalgamation.

- Post-Adani Takeover: The acquisition by the Adani Group led to the resignations of many prominent members of the channel. This list includes journalists such as Ravish Kumar, Sreenivasan Jain, Nidhi Razdan, and Sarah Jacob, along with the channel's group president Suparna Singh, Chief Strategy Officer Arijit Chatterjee, and Chief Technology and Product Officer Kawaljit Singh Bedi.

Legal Matters

In 2024, following the Adani Group takeover, the Central Bureau of Investigation (CBI) closed its corruption and fraud case against NDTV founders Prannoy Roy and Radhika Roy, which had been ongoing since 2017. The CBI investigation concluded that there was no wrongdoing in ICICI Bank sanctioning a loan of ₹375 crores.

The acquisition has significantly repositioned NDTV, establishing it as a key player in India's media landscape under the ownership of the Adani Group. This marks a new chapter in the company's journey, from its origins as India's first independent television news network to its current status as part of one of India's largest business conglomerates.