Mumbai Mirror is a local newspaper launched in the year 2005 by the Bennett Coleman & Company Limited. It is an English newspaper which covers the local news of the city of Mumbai along with some national news. Bangalore Mirror, Ahmedabad Mirror and Pune Mirror are its other city editions. It is the part of the India’s biggest media conglomerate, Bennett Coleman & Company Limited. According to the Indian Readership Survey (IRS) 2017, Mumbai Mirror has a readership of over 1.8 million, and is placed fifth in the list of most read English newspapers.
Bennett Coleman & Company or The Times Group as it is known today, was founded by a British journalist and politician, Thomas Jewell Bennett. Later the paper was bought from its British owners by industrialist Ramakrishna Dalmia and subsequently, his son-in-law, Sahu Shanti Prasad Jain took over the company. Since then, the company is fully owned and operated by the Jain Family.
Media Companies / Groups
The Times Group
Mumbai Mirror newspaper is owned and publish by Bennett, Coleman and Company Limited.
55.6% shares of Bennett Coleman and Company Limited are divided among Bharti Nidhi Limited (24.40%), Camca Commercial Company Limited (13.20) and Ashoka Viniyoga Limited (18%). Through these 3 companies the Jain family owns 36.14 % shares in Bennett Coleman and Company Limited.
28.2% total shares of the Bennett Coleman and Company Limited is divided among PNB Finance & Industries Limited (9.20%), Sanmati Properties Limited (9.70%) and Arth Udyog Limited (9.30%). Through these 3 companies the Jain family owns 23.13% of shares in Bennett Coleman and Company Limited.
Similarly, 14.8% total shares of the Bennett Coleman and Company Limited is divided among Jarcanda Corporate Limited (8.90%) and TM Investment Limited (5.90%). Through these 2 companies the Jain family owns 6.40% of shares in Bennett Coleman and Company Limited.
The Jain family also have direct shares in Bennett Coleman and Company Limited of 1.02%.
Vineet Jain through other subsidiaries hold 12.76% share in Bennett Coleman and Company Limited independently, whereas Samir Jain through other subsidiaries hold 6.27% share and Meera Jain through other subsidiaries hold 0.57% share in Bennett Coleman and Company Limited.
Hence the Jain Family owns 86.17% of Bennett Coleman and Company Limited through varies subsidiaries: Sanmati Properties Limited, Bharti Nidhi Limited, Camca Commercial Company Limited, Ashoka Viniyoga Limited, Arth Udyog, PNB Finance & Industries Limited, Jarcanda Corporate Services Limited and TM Investment Limited.
These companies also hold shares in each other, and the Jain family is the sole beneficiary of all these companies.
Moreover, the shareholding of Bennett Coleman and Company Limited is very complex and there is heavy cross shareholding, therefore it can be infered that the remaining 13.88% share of the company is also owned by the Jain Family.
Affiliated Interests Founder
Bennett Coleman & Company Limited
Affiliated Interests Ceo
is an Engineering graduate from the Delhi University, and has completed his Executive MBA from Kellogg School of Business. He also has done an Executive Management Program from Kellogg School of Management, Northwestern University. Jain is also mentioned as the Chief Executive Officer of Bennett Coleman and Company Limited. He was earlier the Managing Director and CEO of Bharti Retail Limited, Managing Director and CEO of Bharti Walmart and President of Walmart India.
Affiliated Interests Editor-In-Chief
is the Editor-in-Chief of Mumbai Mirror, the tabloid newspaper from The Times Group. Baghel is also in-charge of the other city editions including Bengaluru, Pune and Ahmedabad editions. Baghel is also a writer and has authored a book titled “Death In Mumbai” which is based on a true-life incident on the killing of a famous television executive.
Times Internet Limited
Ecstasy IT Park
Plot 391, Udyog Vihar, Phase 3
Website: https: //mumbaimirror.indiatimes.com/
Revenue (in Mill. $)
Operating Profit (in Mill. $)
Advertising (in % of total funding)
There is no information available on the management structure and financials of the outlet, Mumbai Mirror. The shareholding structure was retrieved from the annual filing of the company to the Ministry of Corporate Affairs. An information request was sent to the company by email on the 18th January 2019, and a courier on the 1st February 2019, but there has been no response from the company.