About
H T Media Ltd
HT Media Ltd is India's second largest print media company in terms of circulation of daily newspaper. Their flagship brand, Hindustan Times is one of the most well recognized media brands in India. The company is the subsidiary of the Hindustan Times Ltd.
The Company publishes Hindustan Times', an English daily, and Mint', a Business paper daily except on Sunday' and undertakes commercial printing jobs. The Company is also engaged into the business of providing entertainment, radio broadcast and all other related activities through its Radio Stations operating under brand name Fever 104', Fever' and Radio Nasha'. The digital business of the Company comprises of various online platforms such as shine.com', etc.
HT Media Ltd was incorporated on December 3, 2002 as a going concern basis. With effect from July 1, 2003, the media business comprising of the entire printing and publishing undertakings of HTL expect the Printing Business at New Delhi was transferred to the HT Media Ltd. Due to this transfer, Searchlight Publishing House Ltd became a subsidiary of HT Media Ltd. The printing undertaking of HTL at New Delhi was subsequently acquired by the company through a separate agreement on October 2, 2004.
In Feb 2007, HT Media entered into an equal partner joint venture with Bennett Coleman & Co Ltd for launching a daily tabloid named 'Metro Now' targeted towards the youth in the city of Delhi. In February 2007, the company entered the business news genre with the launch of the business newspaper 'Mint' in Delhi and Mumbai in association with The Wall Street journal. Along with the business paper, they also launched a website viz. Livemint.com which has potential of becoming a fully integrated finance portal offering news, stock quotes, alerts, share trading platforms etc.
HT Media also entered the Radio segment with the channel 'Fever 104' FM in association with Virgin Radio, UK. The FM radio channel was launched through one of the subsidiary companies in Delhi on November 2006, in Mumbai on January 2007 and in Bangalore on March 2007.
HT Media was awarded World Young reader prize in the Special Mention Category for the year 2006 and World Young reader prize in the Public Service Category Jury Commendation for the year 2007 by the World Association of Newspaper, France.
During the year 2007-08, the company acquired two commercial printing machines (Baker Perkins) and commissioned at Noida and Navi Mumbai. They incorporated Firefly e-Ventures Ltd (incorporated as Medialab Web Solutions Ltd) and Hindustan Media Ltd as subsidiaries of the company. In January 2008, the company launched FM radio channel, Fever 104 in Kolkata. In March 2008, Mint started circulation in Chandigarh and Pune.
In April 2008, the company's wholly owned subsidiary, Firefly c-Ventures Ltd launched a new job portal, namely, www.shine.com. In April 21, 2008, the company launched their Hindi daily newspaper, namely, 'Hindustan', at Chandigarh, Mohali and other parts of Punjab. In May 4, 2008, they launched their Hindi daily at Aligarh in Uttar Pradesh. In May 23, 2008, they commenced printing of their Hindi daily newspaper at Dehradun.
During the year 2008-09, the company commenced printing of Hindustan Times at Kanpur. They also undertook trial-runs for their state-of-the-art printing facility in Mumbai. The company entered into a joint venture agreement with German media group Burda Druck GmbH and incorporated HT Burda, for undertaking third party printing by Rotogravure technology and pre-press work.
The company acquired Radio business of HT Music and Entertainment Company Limited with effect from January 1, 2009 which is engaged into the business of providing entertainment, radio broadcast and all other related activities through its Radio Stations operating under the brand name 'Fever 104' in cities of Delhi, Mumbai, Kolkata and Bangalore.
During the year, the company's subsidiary HT Digital Media Holdings Ltd incorporated a subsidiary company namely, HT Mobile Solutions Ltd for undertaking mobile marketing solutions. HT Mobile is 65:35 joint venture between HT Digital and Velti PLC, a company incorporated in UK and a world-renowned leader in mobile marketing and mobile advertising technologies.
In May 25, 2009, the company launched 'Mint', the English Business newspaper in Kolkata and in July 13, 2009, they launched 'Mint' at Chennai. With this launch, 'Mint' has a national footprint. In October 10, 2009, the company commissioned the printing facilities at Bareilly and commenced printing of their Hindi newspaper 'Hindustan'.
The company sold their Hindi business comprising of Hindi daily newspaper, 'Hindustan' including 'Ravivasriya Hindustan'; magazines 'Nandan' and 'Kadambini'; and internet portals of the said publications on a slump sale to Hindustan Media Ventures Ltd, a subsidiary company with effect from December 1, 2009.
In the year 2010, the company Joint venture 50:50 with Benett Coleman & Co., was printing and publishing 'hyper-local' newspaper in Delhi & NCR. In recent years the company has added new businss like Radio, Online, Events and marketing solution.
In the year 2011, the company restructuring following the demerger of Hindustan Business undertaking into Hindustan Media Ventures Limited (HMVL). The company focus on high growth areas of classified as automobiles, FMCG, education and realestates.
In the year 2012, the company 50:50 joint venture with Indian Education Services Priviate Limited (IESPL), the company has, so far, invested Rs 1,500 Lacs in the equity capital of IESPL. HT Media has grow into a diversified media company and plans to consolidated grow on the back of a well balanced portfolio.
Hindustan Times launched the You Read, They Learn' initiative in April 2012. Studymate launched a 24-hour board examination helpline called Hum Hain Na' during the time of CBSE Board examination, through which more than 45 schools & 5,000 students benefitted. HT Brunch has also launched a signature event called Brunch Dialogues. In the educational field, it expanded Studymate into the competitive exams coaching space. For the academic year 2013-14, it launched 2-year and 1-year CBSE+JEE programmes for Classes XI and XII respectively.
The expansion of the printing capacity at Greater Noida was completed during the year 2013-14. The Company in 2014, launched Page One Plus', an industry-first concept giving readers a quick snapshot of all the relevant news in a single tear-away sheet. Micro editions were launched in Gurgaon and Noida to provide local residents with area specific news & issues and a platform for local advertisements. Unclog Mumbai' , an ongoing ambitious project was launched to identify traffic chokepoints and suggest ways to ease commuting in the city. The weekly feature School Notes' was launched as a forum for youngsters to contribute their viewpoints. Among the new developments for the year were the new CTP installations at Greater Noida, and Allahabad, Bareilly & Dhanbad (through subsidiaries), resulting in smoother and more reliable operations at the centers. The Company's Hindi business launched a major innovation in news gathering called News Live'.
Mission Tezaab' was launched in 2015. The Company introduced specialised products like HT Luxe & HT Premium Homes for real estate, 48Hours & Brunch Gold for lifestyle, Hindustan Jobs & Hindustan Lives for city entertainment. HT Digital Streams Limited was incorporated on November 2, 2015, as a wholly owned subsidiary of the Company.
The Company launched second radio station, Radio Nasha in Delhi & Mumbai in 2016. In 2016, the Multi-Media Content Management Undertaking of the Company got demerged/ transferred into HT Digital Streams Limited, as a wholly-owned subsidiary, as a going concern' on a slump exchange basis by way of issue of fully paid-up equity shares of HT Digital Streams Limited to the Company.
The Company strengthened its radio operations by launching FM Radio stations in seven cities in Uttar Pradesh and Hyderabad in addition to second frequency in Delhi and Mumbai in 2016-17. Mint retained its No. 2 position among India's business dailies as new version, which got launched in September, 2016. The Bridge School of Management, has launched a programme in General Management (Post Graduate Programme in Management-Business Immersion). In February 2017, it launched two programmes in Digital Marketing and two programmes in Supply Chain Management.
In 2017-18, the Company incorporated a wholly owned subsidiary company namely, HT Digital Ventures Limited'. The name of this Company was changed to Digicontent Limited' (DCL') w.e.f. October 24, 2017. The Company acquired 'Desimartini.com' business from Topmovies Entertainment Limited, a wholly-owned subsidiary company during FY-18, as a going concern' on slump-sale basis.
In 2018, through the Scheme of Arrangement between the Company and Digicontent Limited, wholly owned subsidiary company, the Entertainment & Digital Innovation Business' of the Company was demerged / transferred into Digicontent Limited, on a going concern basis effective March 31, 2018. Accordingly, in terms of the Scheme, the eligible shareholders of the Company were allotted equity shares of Digicontent Limited in the ratio of 4:1. Upon effectiveness of the Scheme and allotment of Equity Shares, Digicontent Limited and its subsidiary HT Digital Streams Limited were ceased to be subsidiaries of the Company w.e.f April 5, 2019. The radio arm of the Company acquired 51% stake in Radio One, becoming the third radio station in 2019.
H T Media Ltd
Chairman Speech
Dear
Shareholders,
The year 2020-21 will go down in history as one where countries and
economies were laid low by an invisible enemy. I hope everyone is vaccinated and following
Covid- appropriate behaviour. I also wish for the rapid recovery of those affected by the
viral disease and commiserate with those who have lost friends and relatives to it.
Covid-19 changed everything.
Not only did it bring economies to a near standstill, it also resulted
in widespread disruption and increased uncertainty across the world. As the world was
adapting to a new normal and as companies changed the way they work to ensure business
continuity, we focused on the most important tasks.
At times of crisis, a newsroom's primary task is to provide reliable
and credible information to our readers - and especially with Covid, there was a lot of
misinformation in the initial months. We also had to ensure our employees remained safe
even as our newsroom continued to function through the pandemic. I am incredibly proud of
what our Company was able to accomplish, despite disruptions and hardships, and am very
hopeful about where we are headed now.
The Indian economy is still reeling under severe stress from the
resurgent waves of Covid-19 and the pressure on the public healthcare infrastructure,
although as I write this in August, things are rapidly returning to normal. Still, the
optimism around a swift recovery continues to be tempered with regional outbreaks and the
possibility of further waves. Nevertheless, we are prepared to carry forward the legacy of
journalistic excellence that has prospects of our radio segment, the industry was largely
impacted due to the lockdown and the subsequent economic crisis. Nevertheless, the radio
segment continued to witness an increase in listenership base with more people tuning into
radio stations during the pandemic than before. With an increase in average
I We are focused on bringing the most credible news to our readers and
curate content on issues that really matter.
become quite synonymous with our brands. We are focused on bringing the
most credible news to our readers and curate content on issues that really matter.
Our Print segment has a diverse portfolio of offerings for readers in
different parts of the country. Hindustan Times, our English daily, has consistently
positioned itself as the newspaper of choice in our key markets, as has our Hindi daily,
Hindustan. Our business paper, Mint, is also known for its in-depth analysis of key
economic issues.
In FY'21, circulation of our publications was under pressure owing to
the pandemic. However, as the year progressed, newspaper circulation bounced back.
Advertisement revenues also picked up as the national lockdown (and regional ones)
continued to be lifted in phases. The festive season also helped us shake off the effects
of the pandemic and the lockdowns to some extent as advertisers came back on board.
While we remain positive about the listening time, the medium
positioned itself as one of the most wholesome sources of entertainment and information.
This augured well for us and our popular brands, Fever, Nasha and Radio One have
successfully managed to retain their significant presence in this space.
Amidst a global pandemic, we adopted digital platforms for our events
to connect and collaborate with our audience. We organised our first virtual 'Environment
Conclave' looking at what it would take to build a sustainable future. We also conducted
our flagship Hindustan Times Leadership Summit virtually, bringing together iconic thought
leaders from various fields.
Our job portal, Shine, witnessed a surge in activity as more people
looked for jobs in the aftermath of the pandemic while the Shine learning business has
grown sharply. We also completed the acquisition of Mosaic Digital, a news and research
business focused on serving the investment and enterprise technology communities. Backed
by resources in our group, we are excited and hopeful that the business will witness
substantial growth going forward.
The fiscal year gone by brought economic hardships and widened
financial and social disparities in the society. At HT Media, we are conscious about our
responsibilities towards society. We sought to offer educational opportunities to
underprivileged students through the Himalayan School Society initiative. We also
conducted Hindustan Olympiad to encourage participation of children in scholastic aptitude
tests, and rewarded deserving students with scholarships.
Our people embody the spirit of our organisation. We recognize the
contribution of all our employees and business partners during these trying times. I would
like to thank our people as well as their families for their relentless contribution to
ensure business continuity in a tough environment.
I extend my deepest gratitude to the the Board of Directors, customers,
investors and business partners, for their trust, support and continued faith in us.
I also remain thankful to the countless Covid warriors including
doctors and nurses, law enforcement agencies, the journalistic fraternity and others, who
focused on serving humanity through their untiring efforts. As we transition to a new
normal, we are adapting to change and paving the way for a brighter tomorrow.
Regards,
Shobhana Bhartia
Chairperson and Editorial Director
  Â
H T Media Ltd
Company History
HT Media Ltd is India's second largest print media company in terms of circulation of daily newspaper. Their flagship brand, Hindustan Times is one of the most well recognized media brands in India. The company is the subsidiary of the Hindustan Times Ltd.
The Company publishes Hindustan Times', an English daily, and Mint', a Business paper daily except on Sunday' and undertakes commercial printing jobs. The Company is also engaged into the business of providing entertainment, radio broadcast and all other related activities through its Radio Stations operating under brand name Fever 104', Fever' and Radio Nasha'. The digital business of the Company comprises of various online platforms such as shine.com', etc.
HT Media Ltd was incorporated on December 3, 2002 as a going concern basis. With effect from July 1, 2003, the media business comprising of the entire printing and publishing undertakings of HTL expect the Printing Business at New Delhi was transferred to the HT Media Ltd. Due to this transfer, Searchlight Publishing House Ltd became a subsidiary of HT Media Ltd. The printing undertaking of HTL at New Delhi was subsequently acquired by the company through a separate agreement on October 2, 2004.
In Feb 2007, HT Media entered into an equal partner joint venture with Bennett Coleman & Co Ltd for launching a daily tabloid named 'Metro Now' targeted towards the youth in the city of Delhi. In February 2007, the company entered the business news genre with the launch of the business newspaper 'Mint' in Delhi and Mumbai in association with The Wall Street journal. Along with the business paper, they also launched a website viz. Livemint.com which has potential of becoming a fully integrated finance portal offering news, stock quotes, alerts, share trading platforms etc.
HT Media also entered the Radio segment with the channel 'Fever 104' FM in association with Virgin Radio, UK. The FM radio channel was launched through one of the subsidiary companies in Delhi on November 2006, in Mumbai on January 2007 and in Bangalore on March 2007.
HT Media was awarded World Young reader prize in the Special Mention Category for the year 2006 and World Young reader prize in the Public Service Category Jury Commendation for the year 2007 by the World Association of Newspaper, France.
During the year 2007-08, the company acquired two commercial printing machines (Baker Perkins) and commissioned at Noida and Navi Mumbai. They incorporated Firefly e-Ventures Ltd (incorporated as Medialab Web Solutions Ltd) and Hindustan Media Ltd as subsidiaries of the company. In January 2008, the company launched FM radio channel, Fever 104 in Kolkata. In March 2008, Mint started circulation in Chandigarh and Pune.
In April 2008, the company's wholly owned subsidiary, Firefly c-Ventures Ltd launched a new job portal, namely, www.shine.com. In April 21, 2008, the company launched their Hindi daily newspaper, namely, 'Hindustan', at Chandigarh, Mohali and other parts of Punjab. In May 4, 2008, they launched their Hindi daily at Aligarh in Uttar Pradesh. In May 23, 2008, they commenced printing of their Hindi daily newspaper at Dehradun.
During the year 2008-09, the company commenced printing of Hindustan Times at Kanpur. They also undertook trial-runs for their state-of-the-art printing facility in Mumbai. The company entered into a joint venture agreement with German media group Burda Druck GmbH and incorporated HT Burda, for undertaking third party printing by Rotogravure technology and pre-press work.
The company acquired Radio business of HT Music and Entertainment Company Limited with effect from January 1, 2009 which is engaged into the business of providing entertainment, radio broadcast and all other related activities through its Radio Stations operating under the brand name 'Fever 104' in cities of Delhi, Mumbai, Kolkata and Bangalore.
During the year, the company's subsidiary HT Digital Media Holdings Ltd incorporated a subsidiary company namely, HT Mobile Solutions Ltd for undertaking mobile marketing solutions. HT Mobile is 65:35 joint venture between HT Digital and Velti PLC, a company incorporated in UK and a world-renowned leader in mobile marketing and mobile advertising technologies.
In May 25, 2009, the company launched 'Mint', the English Business newspaper in Kolkata and in July 13, 2009, they launched 'Mint' at Chennai. With this launch, 'Mint' has a national footprint. In October 10, 2009, the company commissioned the printing facilities at Bareilly and commenced printing of their Hindi newspaper 'Hindustan'.
The company sold their Hindi business comprising of Hindi daily newspaper, 'Hindustan' including 'Ravivasriya Hindustan'; magazines 'Nandan' and 'Kadambini'; and internet portals of the said publications on a slump sale to Hindustan Media Ventures Ltd, a subsidiary company with effect from December 1, 2009.
In the year 2010, the company Joint venture 50:50 with Benett Coleman & Co., was printing and publishing 'hyper-local' newspaper in Delhi & NCR. In recent years the company has added new businss like Radio, Online, Events and marketing solution.
In the year 2011, the company restructuring following the demerger of Hindustan Business undertaking into Hindustan Media Ventures Limited (HMVL). The company focus on high growth areas of classified as automobiles, FMCG, education and realestates.
In the year 2012, the company 50:50 joint venture with Indian Education Services Priviate Limited (IESPL), the company has, so far, invested Rs 1,500 Lacs in the equity capital of IESPL. HT Media has grow into a diversified media company and plans to consolidated grow on the back of a well balanced portfolio.
Hindustan Times launched the You Read, They Learn' initiative in April 2012. Studymate launched a 24-hour board examination helpline called Hum Hain Na' during the time of CBSE Board examination, through which more than 45 schools & 5,000 students benefitted. HT Brunch has also launched a signature event called Brunch Dialogues. In the educational field, it expanded Studymate into the competitive exams coaching space. For the academic year 2013-14, it launched 2-year and 1-year CBSE+JEE programmes for Classes XI and XII respectively.
The expansion of the printing capacity at Greater Noida was completed during the year 2013-14. The Company in 2014, launched Page One Plus', an industry-first concept giving readers a quick snapshot of all the relevant news in a single tear-away sheet. Micro editions were launched in Gurgaon and Noida to provide local residents with area specific news & issues and a platform for local advertisements. Unclog Mumbai' , an ongoing ambitious project was launched to identify traffic chokepoints and suggest ways to ease commuting in the city. The weekly feature School Notes' was launched as a forum for youngsters to contribute their viewpoints. Among the new developments for the year were the new CTP installations at Greater Noida, and Allahabad, Bareilly & Dhanbad (through subsidiaries), resulting in smoother and more reliable operations at the centers. The Company's Hindi business launched a major innovation in news gathering called News Live'.
Mission Tezaab' was launched in 2015. The Company introduced specialised products like HT Luxe & HT Premium Homes for real estate, 48Hours & Brunch Gold for lifestyle, Hindustan Jobs & Hindustan Lives for city entertainment. HT Digital Streams Limited was incorporated on November 2, 2015, as a wholly owned subsidiary of the Company.
The Company launched second radio station, Radio Nasha in Delhi & Mumbai in 2016. In 2016, the Multi-Media Content Management Undertaking of the Company got demerged/ transferred into HT Digital Streams Limited, as a wholly-owned subsidiary, as a going concern' on a slump exchange basis by way of issue of fully paid-up equity shares of HT Digital Streams Limited to the Company.
The Company strengthened its radio operations by launching FM Radio stations in seven cities in Uttar Pradesh and Hyderabad in addition to second frequency in Delhi and Mumbai in 2016-17. Mint retained its No. 2 position among India's business dailies as new version, which got launched in September, 2016. The Bridge School of Management, has launched a programme in General Management (Post Graduate Programme in Management-Business Immersion). In February 2017, it launched two programmes in Digital Marketing and two programmes in Supply Chain Management.
In 2017-18, the Company incorporated a wholly owned subsidiary company namely, HT Digital Ventures Limited'. The name of this Company was changed to Digicontent Limited' (DCL') w.e.f. October 24, 2017. The Company acquired 'Desimartini.com' business from Topmovies Entertainment Limited, a wholly-owned subsidiary company during FY-18, as a going concern' on slump-sale basis.
In 2018, through the Scheme of Arrangement between the Company and Digicontent Limited, wholly owned subsidiary company, the Entertainment & Digital Innovation Business' of the Company was demerged / transferred into Digicontent Limited, on a going concern basis effective March 31, 2018. Accordingly, in terms of the Scheme, the eligible shareholders of the Company were allotted equity shares of Digicontent Limited in the ratio of 4:1. Upon effectiveness of the Scheme and allotment of Equity Shares, Digicontent Limited and its subsidiary HT Digital Streams Limited were ceased to be subsidiaries of the Company w.e.f April 5, 2019. The radio arm of the Company acquired 51% stake in Radio One, becoming the third radio station in 2019.
H T Media Ltd
Directors Reports
H T Media Ltd
Company Background
| Incorporation Year | 2002 |
| Registered Office | Hindustan Times House 2nd Flr,18-20 Kasturba Gandhi Marg
New Delhi,New Delhi-110001 |
| Telephone | 91-11-66561608,Managing Director |
| Fax | 91-11-66561445 |
Shobhana BhartiaPraveen Someshwar| Company Secretary | Manhar Kapoor |
| Auditor | BSR & Associates |
| Face Value | 2 |
| Market Lot | 1 |
| Listing | BSE,MSEI ,NSE, |
| Registrar | KFin Techologies Ltd
Karvy Selenium Tow-B,31&32 Financial Dist,Nanakramguda ,Hyderabad-500032 |
H T Media Ltd
Company Management
| Director Name | Director Designation | Year |
|---|
| Shobhana Bhartia | Chairperson & Editorial Direct | 2023 |
| Priyavrat Bhartia | Non Executive Director | 2023 |
| Vivek Mehra | Independent Director | 2023 |
| Praveen Someshwar | Managing Director & CEO | 2023 |
| Shamit Bhartia | Non Executive Director | 2023 |
| P S Jayakumar | Independent Director | 2023 |
| Rashmi Verma | Independent Director | 2023 |
| Sandeep Singhal | Independent Director | 2023 |
| Manhar Kapoor | Company Sec. & Compli. Officer | 2023 |
| Ashwani Windlass | Additional Director | 2023 |
H T Media Ltd
Listing Information
H T Media Ltd
Finished Product
| Product Name | Unit | Installed
Capacity | Production
Quantity | Sales
Quantity | Sales
Value |
|---|
| Advertisements | NA | 0 | 0 | 0 | 800.65 |
| Airtime Sales | NA | 0 | 0 | 0 | 161.05 |
| Forfeiture of Security Deposit | NA | 0 | 0 | 0 | 93.1 |
| Sale of Publications | CP | 0 | 0 | 0 | 61.36 |
| Job Revenue | NA | 0 | 0 | 0 | 59.84 |
| Income from Digital Services | NA | 0 | 0 | 0 | 55.9 |
| Other Operating Revenue | NA | 0 | 0 | 0 | 6.17 |
| Sale of Waste Papers | NA | 0 | 0 | 0 | 5.26 |
| Starline 30 Rotary Press | imh | 0 | 0 | 0 | 0 |
| Publications | imh | 0 | 0 | 0 | 0 |
| Heatset Web Offset Press | imh | 0 | 0 | 0 | 0 |
| Wifag R.Offset Press-P.Hour | imh | 0 | 0 | 0 | 0 |
| Pages | Nol | 0 | 0 | 0 | 0 |
| Coroset offset Rotary Press | imh | 0 | 0 | 0 | 0 |
| Discontinued operation | imh | 0 | 0 | 0 | 0 |
| Manroland Colorman | imh | 0 | 0 | 0 | 0 |
| Newsline 30 Rotary Press | imh | 0 | 0 | 0 | 0 |
| Newsline 45offset Rotary Press | imh | 0 | 0 | 0 | 0 |