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Suvarna News

Suvarna News, is a 24x7 Kannada news channel run by Asiannet News network Private limited, a subsidiary company of Jupiter Capital Private Limited promoted by Rajeev Chandrasekhar. Chandrasekhar is a three-time Member of the Parliament of Rajya Sabha, the Upper House of the Indian Parliament. He represents the Bharatiya Janata Party, India’s ruling party at the present. The channel was launched in 2008 and has significant influence in southern part of India.

Key facts

Audience Share

Missing Data

Ownership Type

Private

Geographic Coverage

National

Content Type

Free to Air / Satellite + Cable

Data Publicly Available

ownership data is easily available from other sources, e. g. public registries etc.

2 ♥

Media Companies / Groups

Jupiter Capital

Ownership

Ownership Structure

Suvarna News, a 24x7 Kannada news channel is owned by Asianet News Network Private Limited. Shares of Asianet News Network Private Limited is divided among: Jupiter Capital Private Limited (89.52%) and Fedex Finance Private Limited (10%). The remaining 0.48% is held by M.S. Ram (0.1%), Amit Gupta (0.1%), Sugandha Commotrade Pvt Limited (0.27%) and Phulchand & Sons Investment Pvt Ltd (0.01%).

Jupiter Capital is owned mainly by three companies – RC Stocks and Securities Private Limited (44.02%), Jupiter Global Infrastructure (20.38%) and Minsk Developers Private Limited (35.52%). 0.08% of shares of Jupiter Capital are held by K. Venkatrarame Gowda. Rajeev Chandrasekhar and Vectra Consultancy Services Private Limited owns all the three companies. Moreover, 99.97% share of Vectra Consultancy Services Private Limited is owned by Rajeev Chandrasekhar and 0.03% share is owned by his wife and daughter.

Rajeev Chandrasekhar owns 99.97% of RC Stocks and Securities Private Limited directly and through Vectra Consultancy Services Private Limited.
Rajeev Chandrasekhar through RC Stocks and Securities Private Limited and Vectra Consultancy Services Private Limited via Jupiter Capital Private Limited owns 39.38% share of Asianet News Network Private Limited.

Rajeev Chandrasekhar also owns 88.62% of Jupiter Global Infrastructure directly and through Vectra Consultancy Services Private Limited.

Similarly, Rajeev Chandrasekhar owns 99.88% of Minsk Developers Private Limited directly and through Vectra Consultancy Services Private Limited.

Hence Rajeev Chandrasekhar owns 87.30% share of Asianet News Network Private Limited and through this company he controls Suvarna News 24x7.

Kunje Venkatarame Gowda owns 11.38% of Jupiter Global Infrastructure Private Limited. He also has minority shares in Jupiter Capital (0.08%), RC Stocks and Securities Private Limited (0.03%) and Minsk Developers Private Limited (0.13%) and through these companies holds 2.19% of Asianet News Network Private Limited and 10% share of the company is held by Fedex Finance Private Limited.

Voting Rights

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Individual Owner

Group / Individual Owner

Fedex Finance Private Limited

Fedex Finance Private Limited is owned by four companies: Westex Infotech Private Limited (49.68%), Fedex Securities Limited (20.20%), Trinity Finsec Private Limited (17.98%), White Water Mass Media Private Limited (12.12%), the remaining 0.02% are equally shared among 5 individuals.

10%
Media Companies / Groups
Facts

General Information

Founding Year

2008

Affiliated Interests Founder

Rajeev Chandrasekhar

is the Founder and Chairman of Jupiter Capital, a company he founded in 2005 and the one which owns the Kannada Television news channel, Suvarna News. He holds a Bachelor’s Degree in Electrical Engineering from the Manipal Institute of Technology, and has a Master’s Degree in Computer Science from Illinois Institute of Technology. He was a part of the pathbreaking design team at Intel that designed and launched the 32 bit 80486, and also a part of the architecture team that conceptualized the idea of the Pentium microprocessor.
Much before he founded Jupiter Capital, he had founded BPL Mobile in 1995 – one of the first investors in the telecom sector when mobile telephony was still in its infancy, and business environment was not very friendly for the sector. When Chandrasekhar exited BPL Mobile in 2005, the company was valued at USD 1.1 billion. Jupiter Capital was founded the same year, with USD 100 million, with a vision to invest in emerging businesses in new markets. Today the company has an impressive portfolio to show. The company has investments and managed assets over USD 1 billion with forays ranging from technology to transportation, logistical services to hospitality and entertainment. Chandrasekhar is an active member in championing issues related to businesses and industry. He was the youngest President of FICCI – Federation of Indian Chambers of Commerce and Industry – during 2008-09. He invests his time in identifying young entrepreneurs, especially from the North East. He has been awarded the Illinois Institute of Technology’s Global Alumni Association Honor in 2007. Rajeev Chandrasekhar is the Member of Parliament in the Rajya Sabha (Upper House of the Indian Parliament), and represents the Bharatiya Janata Party (BJP).

Affiliated Interests Ceo

Amit Gupta

is the CEO of Asianet News and Media Entertainment Ltd since 2016. He is also the Chief Operating Officer of Jupiter Capital Ventures, the owner of Suvarna News. He was earlier the Director, Mergers and Acquisitions, Nova Medical Centers Private Limited, and Associate Director of Ernst and Young. Gupta is also the Director of Upugo and Surgg Private Limited, Edvista Educational Services Private Limited, and India Radio Ventures Private Limited.

Affiliated Interests Editor-In-Chief

Ravi Hegde

is the Editor-in-Chief of Kannada Prabha – a Kannada daily from the Asianet News Group, that owns Suvarna 24x7 Kannada news television channel. Leading the editorial operations, he trains editorial heads of Suvarna News 24x7 channel as well. Before his current role in the Group, Hegde was the Group Editor of Udayavani and Rooptara – popular publications from the Manipal Media Network. Hegde is credited for bringing about digital revolution in journalism spearheading computerization of newsrooms, and designing the first Kannada newspaper apps for digital platforms. Hegde has a Master’s Degree in Mass Communication and Journalism.

Affiliated Interests other important people

Mathevanpillai Sriram

is a Director of many of the other companies of Jupiter Capital Private Limited including Kannada Prabha Publications Limited, Bharat Media Publications Private Limited, PVK Shelters (India) Private Limited, Minsk Developers Private Limited, Jupiter Global Infrastructure Private Limited, Suryasamudara Holiday Resorts (Karnataka) Private Limited, Nirmaaya Retreats Private Limited, Asianet Infrastructure Private Limited and Jupiter Capital Investment and Finance Private Limited and many more.

Contact

Suvarna News 24X7

36, Crescent Road

Mallige Medical Centre opp

Bangalore - 560001

Tel.: 080 30556421

Email: girish@suvarnanews.in

kannada.asianetnews.com

Financial Information

Revenue (in Mill. $)

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Operating Profit (in Mill. $)

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Advertising (in % of total funding)

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Market Share

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Further Information

Meta Data

Most data on the channel is available publicly, and in the documents submitted to the registries at the Ministry of Corporate Affairs, Government of India. The company has been written to, by email on the 25th January 2019 and by courier on the 1st February 2019, seeking information and confirmation of data related to the company. The company has not responded.

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